NFT & Blockchain Gaming Weekly (24/03/2023)

Cronos Labs releases new updates for Unreal Engine and C++ game developers. Sony files a patent for transferable NFTs. Immutable is partnering with Polygon for Web3 gaming.

Mar 24, 2023
Crypto.com NFT and Gaming

New Project Spotlight

NFT Collectibles

[COMING SOON] ‘Fragments of the Futureis a project by Alex Fernández, a photographer and cinematographer. This drop showcases a collection of surrealist photographs that attempt to show a dystopian future through visual elements and colours. The collection goes live on Crypto.com NFT on 27 March.

Fragments of the Future

[COMING SOON] TMK GEN 2 is Luca De Massis’s second collection. Dropping on 31 March on Crypto.com NFT, it features inspiration from the 80s & 90s, such as the popular music and shared cultural experiences during those two periods.

TMK Gen 2

Blockchain Games

[LIVE] Cronos Labs is participating in the Game Developers Conference (GDC) 2023 in San Francisco, California. The Cronos booth features merchandise giveaways from the company’s partners, including Loaded Lions and D.G.Pals.

Cronos Game Developers Conference

[LIVE]CroSkull Adventure Season 4 has reached a total of 6,105 CroSkulls in the adventure, as well as 479 Pets Eggs minted. In addition, Croskull will be releasing the Eggs for Dragons of the Underworld in a future update.

Croskull Adventure

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$27,345,000
(-22%)
$22,100Image2
OpenSeaAzuki$18,230,000
(-1%)
$23,700Image5 1
Crypto.com NFTLoaded Lions$69,300
(+50%)
$1,300Image13
Crypto.com NFTCrypto.com Land – The First Frontier$34,000
(+56%)
$50Image4
MintedVVS Miner Mole$26,100
(-41%)
$210Image19
MintedMarbleVerse$10,500
(—)
$20Image16
PlatformOpenSea
CollectionMutant Ape Yacht Club
Sales Volume (USD)$27,345,000
(-22%)
Floor Price 
(USD)
$22,100
SampleImage2
PlatformOpenSea
CollectionAzuki
Sales Volume (USD)$18,230,000
(-1%)
Floor Price 
(USD)
$23,700
SampleImage5 1
PlatformCrypto.com NFT
CollectionLoaded Lions
Sales Volume (USD)$69,300
(+50%)
Floor Price 
(USD)
$1,300
SampleImage13
PlatformCrypto.com NFT
CollectionCrypto.com Land – The First Frontier
Sales Volume (USD)$34,000
(+56%)
Floor Price 
(USD)
$50
SampleImage4
PlatformMinted
CollectionVVS Miner Mole
Sales Volume (USD)$26,100
(-41%)
Floor Price 
(USD)
$210
SampleImage19
PlatformMinted
CollectionMarbleVerse
Sales Volume (USD)$10,500
(—)
Floor Price 
(USD)
$20
SampleImage16
As of 24 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, WAX170K
(-22%)
$27KImage8
IskraKlaytn, ETH139K
(+34%)
$23KImage18
Planet IXPolygon87K
(+1%)
$514KImage14
Axie InfinityRonin, ETH41K
(-3%)
$19.1MImage17
Meta ApesBNB Chain33K
(+1%)
$269KImage1
GameSplinterlands
Blockchain(s)Hive, WAX
UAW170K
(-22%)
Volume$27K
LogoImage8
GameIskra
Blockchain(s)Klaytn, ETH
UAW139K
(+34%)
Volume$23K
LogoImage18
GamePlanet IX
Blockchain(s)Polygon
UAW87K
(+1%)
Volume$514K
LogoImage14
GameAxie Infinity
Blockchain(s)Ronin, ETH
UAW41K
(-3%)
Volume$19.1M
LogoImage17
GameMeta Apes
Blockchain(s)BNB Chain
UAW33K
(+1%)
Volume$269K
LogoImage1
As of 24 Mar 2023 Sources: DappRadar, Crypto.com Research

Gaming Token Performance

The total market cap for gaming tokens now stands at US$10.26 billion, up +3% from last week.

Gaming Top Gainers Losers

News Highlights

  • Cronos Labs has released new updates for Unreal Engine and C++ game developers. These updates include the ability to connect to the Crypto.com DeFi Wallet and MetaMask, and Dynamic Contract support, which allows developers to interact with smart contracts on the fly.
  • Sony has filed a patent that would make NFTs transferable between different games and consoles. This would allow users of Sony products, such as its flagship PlayStation console, to have an interoperable Web3 gameplay experience.
  • Web3 gaming platform Immutable is partnering with Polygon to accelerate the development of Web3 gaming. Immutable plans to power its platform using Polygon’s zero-knowledge technology to simplify the process of onboarding game studios and developers in Web3.

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.

We’re all ears.

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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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