NFT & Blockchain Gaming Weekly (04/08/2023)

Crypto.com releases a ‘Spot the Difference’ game with NFT prizes. Yuga Labs acquires metaverse startup Roar Studios. Starbucks Odyssey launches its eighth NFT collection, ‘Green Apron’.

Aug 04, 2023
Crypto.com NFT and Gaming

Chart of the Week

The number of Ordinal inscriptions minted on the Bitcoin blockchain recently surpassed the 20 million milestone. The Bitcoin Ordinals team has created a non-profit organisation to support the development of its protocol named the Open Ordinals Institute, which will enable the team to accept tax-deductible donations. The Ordinals team also launched Ordinals.org, a platform for posting community updates and other Ordinals-related resources.

Crypto.com Bitcoin Ordinals Inscriptions

New Project Spotlight

NFT Collectibles

[COMING SOON] The Jellyfishes Places: An Experience is a project by Tony Lopez, a 3D artist and videographer. Dropping on 7 August on Crypto.com NFT, it features eight immersive audiovisual NFTs of places where the viewer can be surrounded by floating jellyfish.

Crypto.com The Jellyfishes Places: An Experience

[COMING SOON] Lil Bitcoin Chapter 3: The Road Home is a collection by Lil Bitcoin, a decentralised avatar rapper created by record producer Mitch Mula and visual artist TillaVision. This drop consists of four NFTs, including the highly coveted Chapter 3 physical comic book. The collection goes live on Crypto.com NFT on 9 August.

Crypto.com Lil Bitcoin Chapter 3: The Road Home

Blockchain Games

[LIVE]Cronos is participating in the Seoul Web3 Festival, with its booth featuring various games on its blockchain, such as Loaded Lions: Mane City, MarbleVerse, Eyeball Games, and D.G. Pals.

Crypto.com Seoul Web3 Festival

[LIVE] Eyeball Games has unveiled its latest Phase 2 cue stick attributes. The five new attributes are aim, power, spin, efficiency, and health. Eyeball Games has also joined Immutable as a partner and released new Balldroid fan art.

Crypto.com Eyeball Games

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
OpenSeaCryptoPunks$2,808,000
(+28%)
$87,800Image16
OpenSeaBored Ape Yacht Club$1,365,000
(+48%)
$54,300Image13
Crypto.com NFTLoaded Lions$43,900
(+43%)
$1,100Image21
Crypto.com NFTCrypto.com Land – The First Frontier$32,200
(+13%)
$70Image17
MintedMiCROchips$22,700
(+38%)
$40Image15
MintedCronos Cruisers$7,200
(-25%)
$500Image11
PlatformOpenSea
CollectionCryptoPunks
Sales Volume (USD)$2,808,000
(+28%)
Floor Price 
(USD)
$87,800
SampleImage16
PlatformOpenSea
CollectionBored Ape Yacht Club
Sales Volume (USD)$1,365,000
(+48%)
Floor Price 
(USD)
$54,300
SampleImage13
PlatformCrypto.com NFT
CollectionLoaded Lions
Sales Volume (USD)$43,900
(+43%)
Floor Price 
(USD)
$1,100
SampleImage21
PlatformCrypto.com NFT
CollectionCrypto.com Land – The First Frontier
Sales Volume (USD)$32,200
(+13%)
Floor Price 
(USD)
$70
SampleImage17
PlatformMinted
CollectionMiCROchips
Sales Volume (USD)$22,700
(+38%)
Floor Price 
(USD)
$40
SampleImage15
PlatformMinted
CollectionCronos Cruisers
Sales Volume (USD)$7,200
(-25%)
Floor Price 
(USD)
$500
SampleImage11
As of 4 Aug 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
Sweat EconomyEthereum, Near263K
(+32%)
$307KImage20
Hippo Dash by GametaBNB Chain195K
(+41%)
$0.3KImage4 5
SplinterlandsWAX, Hive172K
(+50%)
$1.4KImage25 1
Carrom BlitzFlow96K
(+1%)
$2KImage11 3
PlayEmberNear88K
(-2%)
$0.6KImage10 2
GameSweat Economy
Blockchain(s)Ethereum, Near
UAW263K
(+32%)
Volume$307K
LogoImage20
GameHippo Dash by Gameta
Blockchain(s)BNB Chain
UAW195K
(+41%)
Volume$0.3K
LogoImage4 5
GameSplinterlands
Blockchain(s)WAX, Hive
UAW172K
(+50%)
Volume$1.4K
LogoImage25 1
GameCarrom Blitz
Blockchain(s)Flow
UAW96K
(+1%)
Volume$2K
LogoImage11 3
GamePlayEmber
Blockchain(s)Near
UAW88K
(-2%)
Volume$0.6K
LogoImage10 2
As of 4 Aug 2023 Sources: DappRadar, Crypto.com Research

Gaming Token Performance

The total market cap for gaming tokens now stands at US$9.96 billion, down -1% from last week.

Crypto.com Gaming Token Performance

News Highlights

  • Crypto.com released a ‘Spot the Difference’ game, where participants stand to win a ‘Crypto.com Expedition Gear’ NFT. Players must correctly identify the number of differences between two images in the Mane City game. To participate, users need to retweet the campaign tweet and register by 8 August 2023.
  • Yuga Labs announced its acquisition of the metaverse startup, Roar Studios, which specialises in creative content creation and social connections. With this move, Yuga Labs aims to accelerate the development of its Otherside metaverse, while creating new opportunities for communities to connect and express themselves.
  • Starbucks Odyssey, the Web3 loyalty and rewards programme of the global coffee chain, is launching its eighth NFT collection titled ‘Green Apron’. The collection comprises 5,000 NFTs of artwork featuring the original Pike Place apron, Siren apron, and more. Each NFT is priced at US$100.
  • PROOF unveiled its latest NFT collection named ‘Grails IV’. Previous Grails collections consisted of work by renowned artists like Tyler Hobbs, Snowfro, and Larva Labs. The artists behind the latest collection will be revealed during the live event launch in Los Angeles on 11 August, where art lovers can admire the creations at an in-person exhibition.
  • Japanese gaming giant Bandai Namco launched an AI virtual pet NFT game on the Oasys blockchain. The game features a series of NFT-based digital creatures known as ‘RYU’. Similar to the classic Tamagotchi virtual pet game, RYU can develop unique personalities and abilities based on user engagement.

Recent Research Reports

  • Alpha Navigator: Quest for Alpha [July 2023]: Risk assets continued their positive price action in July, although BTC dipped slightly. Macro calendar is quiet up until mid-August where we have the US CPI and release of FOMC minutes.
  • Crypto Market Sizing Report H1 2023: Global crypto owners reached 516 million by the first half of 2023
  • Research Roundup Newsletter [June 2023]: We present to you our latest issue of Research Roundup, featuring trending market insights in June, charts of the month, and our latest research exploring ZK rollups and Layer-0 protocols.
  • The Development of ZK Rollups: Zero-knowledge rollups (ZK rollups) are still in their nascent stage. However, as the technology evolves, various methods to achieve compatibility with the Ethereum Virtual Machine (EVM) have emerged.
  • Layer-0: Infrastructure for Customised Blockchains: Layer-0 protocols are the infrastructure that customised Layer-1 blockchains can be built on. We explore notable projects like Cosmos, Polkadot, Avalanche, LayerZero, and zkLink.

Recent University Articles


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Authors

Research and Insights Team

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