NFT & Blockchain Gaming Weekly (17/03/2023)

Bored Ape Sewer Pass NFTs can be transformed into robots. Sotheby’s to hold NFT auction featuring artists such as Beeple. Square Enix launched a trailer for its NFT game Symbiogenesis.

Mar 17, 2023
Crypto.com NFT and Gaming

New Project Spotlight

NFT Collectibles

[COMING SOON] ‘76ers Heritage – Born and Raisedis a project by the Philadelphia 76ers, the storied NBA team with three World Championships to their name. This drop lets collectors unlock ultimate fan packages, VIP experiences, and custom merchandise. The collection goes live on Crypto.com NFT on 20 March.

[COMING SOON] STARDUST is a collection by Natacha Einat, a digital artist based in Paris. Dropping on 22 March on Crypto.com NFT, it features a dream-like world where distant objects from our reality combine to create endless possibilities.

Blockchain Games

[COMING SOON] D.G.Pals will be co-hosting a networking and panel discussion together with Cronos, Blockchain Game Alliance, and others called ‘A new frontier of blockchain games: Fun first, followed by ownership and autonomy’.

[LIVE] Legends of Bezogia Beta 0.11.1 is now live, and it includes improved features as well as bug fixes. For the month of March, Zogi Labs is dropping the creator fee on OpenSea from 5% to 0.5% for Bezogi V2 NFTs.

NFT Metrics

The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art:

PlatformCollectionSales Volume (USD)Floor Price 
(USD)
Sample
OpenSeaMutant Ape Yacht Club$33,960,000
(-25%)
$23,900
OpenSeaMoonbirds$23,772,000
(+11%)
$6,900
Crypto.com NFTLoaded Lions$46,300
(-20%)
$1,200
Crypto.com NFTCrypto.com Land – The First Frontier$21,600
(+53%)
$40
MintedVVS Miner Mole$44,000
(+3%)
$210
MintedEyeball Balldroid Gen 0$9,900
(-2%)
$50
PlatformOpenSea
CollectionMutant Ape Yacht Club
Sales Volume (USD)$33,960,000
(-25%)
Floor Price 
(USD)
$23,900
Sample
PlatformOpenSea
CollectionMoonbirds
Sales Volume (USD)$23,772,000
(+11%)
Floor Price 
(USD)
$6,900
Sample
PlatformCrypto.com NFT
CollectionLoaded Lions
Sales Volume (USD)$46,300
(-20%)
Floor Price 
(USD)
$1,200
Sample
PlatformCrypto.com NFT
CollectionCrypto.com Land – The First Frontier
Sales Volume (USD)$21,600
(+53%)
Floor Price 
(USD)
$40
Sample
PlatformMinted
CollectionVVS Miner Mole
Sales Volume (USD)$44,000
(+3%)
Floor Price 
(USD)
$210
Sample
PlatformMinted
CollectionEyeball Balldroid Gen 0
Sales Volume (USD)$9,900
(-2%)
Floor Price 
(USD)
$50
Sample
As of 17 Mar 2023 Sources: OpenSea, Minted, Crypto.com Research

Blockchain Game Metrics

The following table shows select top games by weekly Unique Active Wallets (UAW):

GameBlockchain(s)UAWVolumeLogo
SplinterlandsHive, WAX218K
(+42%)
$2K
IskraKlaytn, ETH104K
(—)
$23K
Planet IXPolygon87K
(-4%)
$389K
Farmers WorldWAX85K
(+3%)
$12K
Axie InfinityRonin, ETH42K
(+4%)
$19.2M
GameSplinterlands
Blockchain(s)Hive, WAX
UAW218K
(+42%)
Volume$2K
Logo
GameIskra
Blockchain(s)Klaytn, ETH
UAW104K
(—)
Volume$23K
Logo
GamePlanet IX
Blockchain(s)Polygon
UAW87K
(-4%)
Volume$389K
Logo
GameFarmers World
Blockchain(s)WAX
UAW85K
(+3%)
Volume$12K
Logo
GameAxie Infinity
Blockchain(s)Ronin, ETH
UAW42K
(+4%)
Volume$19.2M
Logo
As of 17 Mar 2023 Sources: DappRadar, Crypto.com Research

Gaming Token Performance

The total market cap for gaming tokens now stands at US$9.99 billion, up +14% from last week.

Gaming Top Gainers And Losers 1

News Highlights

  • Yuga Labs announced that the Bored Ape Sewer Pass NFTs can be transformed into robots. The new NFT collection, ‘HV-MTL’, is minted through a ‘summoning’ process, in which owners of Sewer Pass NFTs can burn them in exchange for robots described as Mechs.
  • Sotheby’s, one of the world’s largest brokers of fine art, will be holding a meme-inspired NFT auction featuring artists such as Beeple. The auction, named ‘Natively Digital: Oddly Satisfying’, will run from March 17 to March 24 in Paris.
  • Japanese gaming giant Square Enix launched a trailer for its NFT game, Symbiogenesis. The fantasy game will feature around 10,000 NFT artworks with in-game utility.
  • Meta is winding down support for NFTs on Instagram and Facebook. It will be shifting its investments away from NFTs toward products like Meta Pay, as well as tipping features on Meta platforms.

Recent Research Reports

Research Roundup Newsletter [February 2023]: In this issue, we feature trending market insights and our analyses of the current state of the decentralised derivatives market.Alpha Navigator: Quest for Alpha [February 2023]: Asset classes took a breather in February and sold off, although crypto bucked the trend. BTC and ETH options implied volatilities remain at subdued levels.Overview of Decentralised Derivatives: Crypto derivatives dominate the industry, representing about 70% of the entire market. In this report, we shed light on derivatives in DeFi, their market overview, and some innovations in the space.
Research Roundup Newsletter [February 2023]: In this issue, we feature trending market insights and our analyses of the current state of the decentralised derivatives market.
Alpha Navigator: Quest for Alpha [February 2023]: Asset classes took a breather in February and sold off, although crypto bucked the trend. BTC and ETH options implied volatilities remain at subdued levels.
Overview of Decentralised Derivatives: Crypto derivatives dominate the industry, representing about 70% of the entire market. In this report, we shed light on derivatives in DeFi, their market overview, and some innovations in the space.

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Disclaimer

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

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The brands and the logos appearing in this report are registered trademarks of their respective owners.

Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.


Authors

Research and Insights Team


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