NFT & Blockchain Gaming Weekly: 🚀Gaming Market Up 21%; Pudgy Penguins’ Price Surged

Pudgy Penguins’s average sale price surged past US$46,000. Post-ERC-404 launch, DN404 emerged amidst stability concerns for ERC-404. Disney partners with Epic Games to develop immersive gaming.

Feb 16, 2024
Crypto.com NFT and Gaming

Chart of the Week

Pudgy Penguins launched the beta version of OverpassIP, an IP licensing platform to streamline the licensing process for NFTs at the end of January 2024. The platform aims to provide Pudgy Penguins and Lil Pudgys NFT holders with opportunities to transform their characters into physical products such as toys.

Since the platform’s launch, the collection’s trading volume and average price have been experiencing considerable growth recently. It topped the trading volume charts on NFT markets Blur and OpenSea in the past week, and the average sales price has surged, reaching over US$46,000.

[Crypto.com] Pudgy Penguins Activity

New Project Spotlight

Blockchain Games

[Live] Loaded Lions: Mane City Prosperity Blitz

As Loaded Lions: Mane City prepares for its next full-fledged Competitive Mode season, players can compete in a two-week Blitz event again and earn the opportunity to win from a prize pool of US$35,000+!

100% of Diamond spend will be allocated to the prize pool, with 70% of this being exclusive to the Prosperity Blitz. What’s more, special NFT rewards are waiting for the top player as well, including the ‘Lion’s Tenacity Award’ collectible.

Loaded Lions Mane City Prosperity Biltz

NFT Collectibles

[Live] The Depot

Crypto.com The Depot

Missed your chance to snag an ‘Expedition Gear’ NFT in the initial drop and previous Depot restocks? Scoop up all the tools you need in this latest Depot restock, and gear up for the next Loaded Lions: Mane City Competitive Mode event. These might just come in handy beyond the game too. Stay tuned for more details!

[Upcoming] MGRNS

‘MGRNS’

Portuguese 3D artist Tiago Marinho returns with ‘MGRNS’, a sequel collection to his ‘Migraines: State of Mind’ Crypto.com NFT drop. His latest project tells a tale about a business selling emotions and experiences in collectible packages. You can start shopping this drop starting 19 February.


NFT Metrics

PlatformCollection7D Sales Volume (USD)Floor Price
(USD)
BlurPudgy PenguinsPudgy Penguins$28,097,762 (+201%)$55,546
BlurBored Ape Yacht ClubBored Ape Yacht Club$11,494,039 (+23%)$64,171
OpenSeaPudgy PenguinsPudgy Penguins$23,120,856 (+173%)$55,607
OpenSeaMutant Ape Yacht ClubMutant Ape Yacht Club$17,318,888 (+45%)$11,836
Crypto.comCrypto.com Expedition Gear Tools of the TradeCrypto.com Expedition Gear: Tools of the Trade$46,925 (+1281%)$3
Crypto.comCrypto.com Expedition GearCrypto.com Land – The First Frontier$38,729 (+72%)$60
MintedImage20Top Dog Corgi$23,418 (-72%)$179
MintedVVS Miner MoleVVS Miner Mole$6,928 (+14%)$189
PlatformBlur
Pudgy Penguins
CollectionPudgy Penguins
7D Sales Volume (USD)$28,097,762 (+201%)
Floor Price
(USD)
$55,546
PlatformBlur
Bored Ape Yacht Club
CollectionBored Ape Yacht Club
7D Sales Volume (USD)$11,494,039 (+23%)
Floor Price
(USD)
$64,171
PlatformOpenSea
Pudgy Penguins
CollectionPudgy Penguins
7D Sales Volume (USD)$23,120,856 (+173%)
Floor Price
(USD)
$55,607
PlatformOpenSea
Mutant Ape Yacht Club
CollectionMutant Ape Yacht Club
7D Sales Volume (USD)$17,318,888 (+45%)
Floor Price
(USD)
$11,836
PlatformCrypto.com
Crypto.com Expedition Gear Tools of the Trade
CollectionCrypto.com Expedition Gear: Tools of the Trade
7D Sales Volume (USD)$46,925 (+1281%)
Floor Price
(USD)
$3
PlatformCrypto.com
Crypto.com Expedition Gear
CollectionCrypto.com Land – The First Frontier
7D Sales Volume (USD)$38,729 (+72%)
Floor Price
(USD)
$60
PlatformMinted
Image20
CollectionTop Dog Corgi
7D Sales Volume (USD)$23,418 (-72%)
Floor Price
(USD)
$179
PlatformMinted
VVS Miner Mole
CollectionVVS Miner Mole
7D Sales Volume (USD)$6,928 (+14%)
Floor Price
(USD)
$189
As of 15 Feb 2024
Sources: Blur, OpenSea, Minted, Crypto.com Research

Blockchain Game Metrics

The following table shows selected top games by weekly volume in USD:

GameBlockchain(s)7D Volume (USD)7D UAW
Loaded Lions Mane CityLoaded Lions: Mane CityCronos$18,740 (+82%)2,766 (+8%)
HytopiaHYTOPIAEthereum, Polygon$109,656,680 (-)323 (+28%)
Axie InfinityAxie InfinityEthereum, Ronin$11,091,378 (-26%)37,072 (-3%)
Gods UnchainedGods UnchainedEthereum, Immutable X$5,347,747 (+0%)4,767 (+1%)
Galactic ArenaGalactic ArenaBNB Chain$5,026,573 (+566%)179 (-16%)
Overtime MarketsOvertime MarketsArbitrum, Base, Optimism$3,243,318 (+57%)2,934 (+5%)
Loaded Lions Mane City
GameLoaded Lions: Mane City
Blockchain(s)Cronos
7D Volume (USD)$18,740 (+82%)
7D UAW2,766 (+8%)
Hytopia
GameHYTOPIA
Blockchain(s)Ethereum, Polygon
7D Volume (USD)$109,656,680 (-)
7D UAW323 (+28%)
Axie Infinity
GameAxie Infinity
Blockchain(s)Ethereum, Ronin
7D Volume (USD)$11,091,378 (-26%)
7D UAW37,072 (-3%)
Gods Unchained
GameGods Unchained
Blockchain(s)Ethereum, Immutable X
7D Volume (USD)$5,347,747 (+0%)
7D UAW4,767 (+1%)
Galactic Arena
GameGalactic Arena
Blockchain(s)BNB Chain
7D Volume (USD)$5,026,573 (+566%)
7D UAW179 (-16%)
Overtime Markets
GameOvertime Markets
Blockchain(s)Arbitrum, Base, Optimism
7D Volume (USD)$3,243,318 (+57%)
7D UAW2,934 (+5%)
As of 15 Feb 2024
Sources: Crypto.com Research, DappRadar

Gaming Token Performance

The total market cap for gaming tokens now stands at $26.73 billion, increasing by 21.12% from last week.

[crypto.com] Gaming Token Performance

News Highlights

  • One week after the release of Ethereum’s ERC-404 token standard, which introduced fractional NFT ownership, a competitor called DN404 (Divisible NFT) emerged. It combines aspects of ERC-20 and ERC-721 tokens in a two-part system and promotes direct token trading without a middle man. Despite this advancement, concerns about ERC-404’s stability and adherence to existing standards have emerged.
  • Disney and Epic Games have announced a $1.5 billion partnership to develop an immersive gaming and entertainment universe integrating Disney’s franchises with Fortnite. This partnership aims to deliver a ‘persistent universe’ for players to interact, shop, and engage in content, signalling another significant move towards the metaverse.
  • The creators of Axie Infinity, Sky Mavis, have announced a collaboration with Japan-based developer GMonsters and mobile game publisher MIXI to bring Fight League games to the Ronin blockchain. This collaboration provides greater exposure and a wider audience for the Fight League franchise, tapping into blockchain gaming, and further promoting the use of blockchain technology in the gaming industry.

Recent Research Reports

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  • Research Roundup Newsletter [January 2024]: We present to you our latest issue of Research Roundup, featuring trending market insights in January, charts of the month, and our deep dive into the world of crypto ETFs.
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Recent University Articles


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Authors

Research and Insights Team

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.

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