NFT & Blockchain Gaming Weekly (11/08/2023)

Cronos Discover launches, showcasing popular Cronos apps. Reebok and VeeFriends collaborate on a sneaker. Game developer nWay announces a game with Bored Ape characters.

Aug 11, 2023 NFT GameFi Weekly

Chart of the Week

ERC-6551 is a token standard that enables token-bound accounts, giving each NFT its own account and wallet address. The protocol requires no changes to the original ERC-721 contract, while enabling each NFT to own ETH and other ERC-20, ERC-721, and ERC-1155 tokens. ERC-6551 gives each NFT the ability to record its own on-chain history, where the value is accrued within the NFT instead of an external wallet. Token-bound accounts have the potential to enable new use cases such as NFT member loyalty programmes, true on-chain identities, as well as game mechanics involving digital outfits and items.

New Project Spotlight

NFT Collectibles

[COMING SOON] Inside the mind II is a project by 2J STARY, an artist specialising in 3D animation. Dropping on 14 August on NFT, it features distinctive and colourful compositions that bring the viewer on a trip through the artist’s mind.

[COMING SOON] SYNTHTOPIA is a collection by DESTABILIZED, a collective of visionary artists, entrepreneurs, and creatives. This drop features 3,000 unique avatars, artefacts, robots, supercars, treasure bundles, cinematic moments, and more. The collection goes live on NFT on 16 August.

Blockchain Games

[LIVE]Ballies, CroSkull, and Marbleverse have been named as reward recipients in the eighth batch of the Cronos Ecosystem Grant. The three gaming projects stood out among 180 other winners of the grant, which supports projects on Cronos by bootstrapping initial product development and providing monetary, technical, and marketing support.

[LIVE] The Eyeball Games team has been focusing on improving the visual details of the pool balls in the Eyeball Pool game. The upcoming Phase 2 of the game will also include new features such as multiplayer PvP, a revamped UI, and time-based tournaments.

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
OpenSeaBored Ape Yacht Club$7,358,000
$57,400 Land – The First Frontier$44,200
$70 NFTLoaded Lions$25,600
Sales Volume (USD)$12,345,000
Floor Price (USD)$13,300
CollectionBored Ape Yacht Club
Sales Volume (USD)$7,358,000
Floor Price (USD)$57,400
Sample NFT Land – The First Frontier
Sales Volume (USD)$44,200
Floor Price (USD)$70
Sample NFT
CollectionLoaded Lions
Sales Volume (USD)$25,600
Floor Price (USD)$1,000
Sales Volume (USD)$21,900
Floor Price (USD)$20
Sales Volume (USD)$20,500
Floor Price (USD)$40
As of 11 Aug 2023 Sources: OpenSea, Minted, Research

Blockchain Game Metrics

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

Sweat EconomyEthereum, Near199K
Hippo Dash by GametaBNB Chain198K
Pandra WarPolygon135K
Carrom BlitzFlow97K
GameSweat Economy
Blockchain(s)Ethereum, Near
GameHippo Dash by Gameta
Blockchain(s)BNB Chain
GamePandra War
GameCarrom Blitz
As of 11 Aug 2023 Sources: DappRadar, Research

Gaming Token Performance

The total market cap for gaming tokens now stands at US$10.02 billion, up +1% from last week.

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News Highlights

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