NFT & Blockchain Gaming Weekly (26/05/2023)

Cronos Labs to launch Seoul Web 3.0 Festival 2023. Bitcoin becomes the second-most popular NFT blockchain. Brave browser introduces NFT-gated video calls.

May 26, 2023 NFT and Gaming

Chart of the Week

Amid the rise in popularity of Ordinals NFTs, the total transaction fees for Ordinals NFT inscriptions have surged and exceeded 1,501 BTC, or approximately US$40 million, as of 26 May 2023.

Check out our research report: Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT.

Bitcoin Ordinal Fees

New Project Spotlight

NFT Collectibles

[LIVE] has launched the Expedition Gear collection, which consists of 50,000 backpack NFTs divided into five rarities. 25,000 backpack NFTs will be airdropped to ‘ Land – The First Frontier’ NFT holders, while the other 25,000 are available for purchase on NFT.

Image2 4

[COMING SOON] The World of Tarogramma is a collection by visual artist Damien Cifelli. This drop dives deep into the fictional world of Tarogramma, a hidden place that explorers have been searching for centuries. The collection goes live on NFT on 29 May.

Image10 3

Blockchain Games

[LIVE] Eyeball Games has been accepted as a member of the Blockchain Game Alliance, an organisation committed to promoting blockchain within the video game industry. The Eyeball Pool game is developed by Eyeball Games, the same team that built and sold the popular 8 Ball Pool game to Miniclip.

Image20 2

[LIVE] Croskull has released the Dragons of Bonesville seasonal pet. Currently, there are approximately 1,200 Dragons going around Bonesville, and more of them can be hatched from dragon eggs that are purchased or found during the player’s adventures.

Image9 4

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 
OpenSeaMutant Ape Yacht Club$27,015,000
OpenSeaMilady Maker$21,612,000
$6,600Image16 3 Land – The First Frontier$90,000
$70Image1 4 NFTLoaded Lions$58,300
$1,300Image13 1
MintedVVS Miner Mole$13,800
MintedCronos Cruisers$13,500
$500Image6 1
As of 26 May 2023 Sources: OpenSea, Minted, Research

Blockchain Game Metrics

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

IskraKlaytn, Ethereum125K
SplinterlandsHive, WAX81K
$3KImage9 1
Planet IXPolygon33K
Axie InfinityRonin, Ethereum32K
SecondLiveBNB Chain32K
$1KImage19 1
As of 26 May 2023 Sources: DappRadar, Research

Gaming Token Performance

The total market cap for gaming tokens now stands at US$10.98 billion, down -2% from last week.

Gaming Top Gainers and Losers

News Highlights

  • Cronos Labs is partnering with the city of Seoul to launch the ‘Seoul Web 3.0 Festival 2023’. The festival will consist of various programmes, including a hackathon, an investor demo day for Web3 startups, a networking party, as well as an NFT exhibition.
  • Bitcoin has become the second-most popular NFT blockchain. Bitcoin Ordinals NFT’s trading volume was in second place behind Ethereum in the past 30 days.  This resulted in Bitcoin gaining a significant lead over blockchains like Polygon and Solana during this period of time.
  • The Web3-friendly browser Brave introduced NFT-gated video calls, allowing hosts to use NFTs and POAPS to manage access to calls. The feature could also be used by NFT projects to chat with other holders.
  • Sotheby’s concluded its sale of several rare NFTs from Three Arrows Capital’s collection, bringing in a total of $2.4 million. The highest-priced NFTs from the collection are Fidenza #725 and Autoglyph #187, which sold for $1,016,000 and $571,500 respectively.

Recent Research Reports

Research Roundup 2Alpha Navigator 1Bitcoin Ecosystem 4
Monthly Research Roundup (April 2023): In this issue, we feature trending market insights, and our latest research reports take a closer look into Bitcoin’s expanding ecosystem, specifically Layer 2s, DeFi, and NFTs.Alpha Navigator: Quest for Alpha [April 2023]: Asset classes were generally flat in April, with cryptocurrency outperforming other assets. The US Federal Reserve could be on the cusp of ending its interest rate hike cycleBitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT: The landscape of the latest projects building on top of Bitcoin is expanding beyond payments. It now includes Layer-2 scaling solutions and key application categories like DeFi and NFTs.

Latest University Articles

Brc 20 Kv Copy 1What Is Erc20 Otp 1How To Buy Btc Other Currencies Nologo Copy
What Is the BRC-20 Token Standard for Bitcoin?: Learn about the BRC-20 token standard for the Bitcoin blockchain and the tokens that have been minted on it so far.What Are ERC-20 Tokens? All About Ethereum’s Most Important Token Standard]: ERC-20 is a token standard for fungible tokens on Ethereum. Learn what it is and how cryptocurrencies can be minted with it.How to Buy Bitcoin and Other Cryptocurrencies: Wondering how to buy your first Bitcoin? Or cryptocurrency in general? Here’s a step-by-step guide on crypto buying for beginners.

We’re all ears.

Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you!


The information in this report is provided as general market commentary by 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.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject and/or its affiliates to any registration or licensing requirement.

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.


Research and Insights Team

Get fresh market updates delivered straight to your inbox:

Be the first to hear about new insights:


Blockchain Gaming

crypto research


Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with

By clicking the Get Started button you acknowledge having read the Privacy Notice of where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens