NFT & Blockchain Gaming Weekly (19/01/2024)

NFT market sales volume dropped by 64% YoY. Sotheby’s is hosting a Bitcoin Ordinals auction. Taproot Wizards to release a new ‘Quantum Cats’ collection.

Jan 19, 2024 NFT and Gaming

Chart of the Week

The latest data suggests that NFT sales volumes dropped from around US$27 billion in 2022 to around US$9.5 billion in 2023. NFT trading on Ethereum plunged by 76% in 2023 while growing from zero to $1.8 billion on Bitcoin. NFT Sales Volume by Chain

New Project Spotlight

New Project Spotlight

[Live] Legends of Tank NFT Drop

BattleCity is the creator of Legends of Tanks, an immersive game with a thrilling blend of combat and strategy that’s inspired by the beloved decades-old title, Tank 1990

‘Legends of Tank NFT Drop’ features 2,886 Mystery Boxes that can be used to claim three distinct in-game utility items. These NFTs enable players to earn rewards and get access to a series of celebratory events in anticipation of the official game launch. Legends of Tank NFT Drop

[Upcoming] MISAKI – THE $1 MINT

After two sold-out drops, the YUROSAKO anime-based Web3 project returns to introduce Yurosako’s daughter, ‘MISAKI’.

This special collection includes 1,700 unique digital avatars, each with over 100 different traits. Collectors enjoy early access to the upcoming ‘AZURONG’ drop and the YUROSAKO manga, have the chance to win merchandise, and more. MISAKI

NFT Metrics

PlatformCollection7D Sales Volume (USD)Floor Price
OpenSeaAzukiAzuki$31,143,133 (-8%)$19,468
OpenSeaMutant Ape Yacht ClubMutant Ape Yacht Club$21,877,663 (-19%)$11,807 Dark LionsDark Lions$97,950 (-83%)$155 Land First Land – The First Frontier$29,497 (-12%)$63
MintedVVS Miner MoleVVS Miner Mole$13,710 (+126%)$187
MintedBored CandyBored Candy$9,726 (+1,335%)$17
7D Sales Volume (USD)$31,143,133 (-8%)
Floor Price
Mutant Ape Yacht Club
CollectionMutant Ape Yacht Club
7D Sales Volume (USD)$21,877,663 (-19%)
Floor Price
$11,807 Dark Lions
CollectionDark Lions
7D Sales Volume (USD)$97,950 (-83%)
Floor Price
$155 Land First Frontier Land – The First Frontier
7D Sales Volume (USD)$29,497 (-12%)
Floor Price
VVS Miner Mole
CollectionVVS Miner Mole
7D Sales Volume (USD)$13,710 (+126%)
Floor Price
Bored Candy
CollectionBored Candy
7D Sales Volume (USD)$9,726 (+1,335%)
Floor Price
As of 18 Jan 2024
Sources: OpenSea, Minted, 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$44,807 (-45%)3,304 (-41%) Gas HeroGas HeroPolygon$10,713,912 (+5%)8,436 (+13%)
Axie InfinityAxie InfinityEthereum, Ronin$9,746,189 (-39%)38,757 (+4%)
Gods UnchainedGods UnchainedEthereum, Immutable X$4,081,457 (-16%)4,760 (-3%) xpet techxPet.techArbitrum$3,960,011 (-19%)15,328 (-11%)
Turn UpTURNUPPolygon$3,440,362 (+149%)68,375 (+194%)
Loaded Lions Mane City
GameLoaded Lions: Mane City
7D Volume (USD)$44,807 (-45%)
7D UAW3,304 (-41%) Gas Hero
GameGas Hero
7D Volume (USD)$10,713,912 (+5%)
7D UAW8,436 (+13%)
Axie Infinity
GameAxie Infinity
Blockchain(s)Ethereum, Ronin
7D Volume (USD)$9,746,189 (-39%)
7D UAW38,757 (+4%)
Gods Unchained
GameGods Unchained
Blockchain(s)Ethereum, Immutable X
7D Volume (USD)$4,081,457 (-16%)
7D UAW4,760 (-3%) xpet tech
7D Volume (USD)$3,960,011 (-19%)
7D UAW15,328 (-11%)
Turn Up
7D Volume (USD)$3,440,362 (+149%)
7D UAW68,375 (+194%)
As of 18 Jan 2024
Sources: Research, DappRadar

Gaming Token Performance

The total market cap for gaming tokens now stands at $19.71 billion, dropping by -7.5% from last week. Gaming Top Gainers & Losers

News Highlights

  • Sotheby’s is hosting a Bitcoin Ordinals auction that celebrates the intersection of Bitcoin and generative art. The auction features diverse artists who use Bitcoin’s transaction data to create unique generative artworks, pushing the boundaries of artistic expression on the blockchain. 
  • ‘Taproot Wizards’, a project that raised $7.5 million through Bitcoin Ordinals inscriptions, is planning to sell a collection called ‘Quantum Cats. The collection consists of 3,333 cats designed to honour a Bitcoin improvement proposal known as OP_CAT. 
  • Starbucks Korea launched an eco-friendly NFT project called STARBUCKS STAR★LIGHT. It encourages customers to use their personal cups and rewards them with ‘Eco stamps’ on their Starbucks Rewards accounts, which can be exchanged for exclusive NFTs. Additionally, Starbucks Korea is hosting an exhibition featuring NFT artworks by local artists at its Jongno R store in Seoul.
  • GameStop, the popular video game retailer, is closing its NFT marketplace on 2 February. The decision comes after GameStop’s crypto wallet was discontinued in August because of ongoing regulatory uncertainty. 
  • Nike‘s blockchain and digital wearables division, .Swoosh, announced its plans to expand further into the video game industry with the launch of a new line of virtual products called Nike In-Game Wearables. These wearables can be directly purchased and worn within video games, but it’s unclear whether they will be NFTs.
  • Vegas Golden Knights, the 2023 National Hockey League champion, partnered with Theta Labs to create a special collection of NFTs that offer unique experiences for fans, including exclusive access to matches, memorabilia, and events.

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