![Crypto.com NFT and Gaming](https://contenthub-static.crypto.com/wp_media/2023/01/NFT-and-Gaming-CH-Banner.png)
Quick Take
- Weekly Trend: The Open Network (TON) reached a record TVL of US$763 million on 15 July. The growing trend of Telegram tap-to-earn games is enhancing the NFT and gaming system on TON, with recent developments including Pixelverse’s PIXFI token launch, Pixelverse’s upcoming Pixelchain Layer-2 (L2) testnet, integration of Pudgy Penguins on PixelTap, newly secured funding for both Pixelverse and Catizen, and TON’s Teleport BTC bridge.
- Top Crypto.com NFT Drops: Exclusive Premium Web3 Domain Drop, The Tactical Gear Depot, Lil Bitcoins Generative, THE ELYSIUM – ARWEN’S SPACE JOURNEY
- Notable NFT News: TON launches a trustless BTC bridge for transfers; Notcoin collaborates with Pixelverse and Musk Empire; Pixelverse launches PIXFI and deploys Pixelchain; Axie Infinity launches Homeland Avatar Mode; Animoca’s Eden Games is developing Cosmic Royale; Immortal Rising 2 launches on Immutable zkEVM; ApeCoin launches ApeChain ‘Testnet Curtis’; Ubisoft mints free NFTs for Champions Tactics.
Chart of the Week
TON reached a record TVL of $763 million on 15 July, placing it among the top ten chains by TVL. The growing trend of Telegram tap-to-earn games is further enhancing the NFT and gaming system on TON, with developments including:
- Recently raising an additional $2 million, Pixelverse launched the PIXFI token on 18 July, added Pudgy Penguins to its game PixelTap, and plans to deploy the Pixelchain testnet, a dedicated L2 scaling network with EVM compatibility. Additionally, Notcoin is collaborating with Pixelverse’s PixelTap and Musk Empire to offer exclusive rewards.
- Catizen, developed by Pluto Studio, has grown to 25 million players and secured funding from TON.
- TON launched the TON Teleport BTC bridge, a trustless bridge for secure Bitcoin transfers to the TON network.
These partnerships and activities are expected to continue driving increased growth and strengthening the TON ecosystem’s position.
![Image 31](https://contenthub-static.crypto.com/wp_media/2024/07/image-31.png)
![Image 30](https://contenthub-static.crypto.com/wp_media/2024/07/image-30.png)
![1907 3](https://contenthub-static.crypto.com/wp_media/2024/07/1907_3.png)
![1907 4](https://contenthub-static.crypto.com/wp_media/2024/07/1907_4.png)
The following table shows selected top games by weekly volume in USD:
![1907 5](https://contenthub-static.crypto.com/wp_media/2024/07/1907_5.png)
Gaming Token Performance
The total market cap for gaming tokens now stands at $24.66 billion, increasing by +13.69% from last week.
![1907 6](https://contenthub-static.crypto.com/wp_media/2024/07/1907_6.png)
News Highlights
- Animoca Brands’ subsidiary Eden Games announced the development of Cosmic Royale, a blockchain-based racing game inspired by Mario Kart. Set to launch in Q4 2024, the game will feature 40-player races and integrate various NFT avatars, including those from Cool Cats and Bored Ape Yacht Club. Starting 24 July, Moca NFT holders and Moca ID owners can participate in a limited-access beta to earn Realm Points for future MOCA Coin airdrops. The full version of Cosmic Royale will be available for free in the Epic Games Store.
- Immortal Rising 2, the sequel to the popular idle action RPG, is launching on Immutable zkEVM powered by Polygon. Developed by Planetarium Labs and backed by $32 million in funding from Animoca Brands, the game features hack-and-slash combat, automated grinding, and guild wars, aiming to engage both Web2 and Web3 gamers.
- Axie Infinity launched Homeland Avatar Mode, allowing players to explore the virtual world of Lunacia using their Axie NFTs as avatars, with access to four villages and real-time social interaction. An Open Beta Test from 17 to 24 July will feature daily events where participants can win collectible Axies and land items. The team aims for a full launch in late July or early August this year.
- ApeCoin announced the launch of its ApeChain ‘Testnet Curtis’ on 16 July. The testnet will support decentralised applications and pave the way for the mainnet launch.
- Ubisoft, a prominent game developer known for popular series such as Assassin’s Creed, is launching a free NFT mint for its blockchain-based game, Champions Tactics: Grimoria Chronicles. Starting July 18, players can mint up to 75,000 in-game champion figurines without gas fees. This initiative is part of Ubisoft’s broader strategy to integrate blockchain technology into its games.
Recent Research Reports
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New Developments in GameFi: Play-to-Airdrop and Prediction Markets | Spot Ethereum ETFs | New Ethereum Layer-2s |
![]() | New Developments in GameFi: Play-to-Airdrop and Prediction Markets |
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![]() | Spot Ethereum ETFs |
![]() | New Ethereum Layer-2s |
- New Developments in GameFi: Play-to-Airdrop and Prediction Markets: Both play-to-airdrop and prediction markets have blurred the boundaries between Web2 and Web3. Our latest report looks into new developments in GameFi by delving deeper into these two trends.
- Spot Ethereum ETFs: In May, the SEC approved eight spot Ether ETFs, potentially launching in July. These ETFs, unlike Bitcoin’s, offer staking rewards. Projections estimate ETH ETFs could see $1.4 to $4.5 billion in inflows and $700 million to $2.4 billion in trading volume within six months. Ethereum’s scalability upgrades enhance its investment appeal.
- New Ethereum Layer-2s: Ethereum L2 networks have surged in activity, now accounting for approximately 90% of all transactions on the Ethereum network, up from 77% before the Dencun upgrade. This report explores the new Ethereum L2 landscape by examining the following projects: Cronos zkEVM, Taiko, Morph, Blast, Reya, and MegaETH.
Recent University Articles
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Crypto Tokenomics: What It Is and Why It Is Important | Shiba Inu: A Beginner’s Guide to the Cryptocurrency’s Ecosystem | Trading Cryptocurrency With Moving Averages |
![]() | Crypto Tokenomics: What It Is and Why It Is Important |
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![]() | Shiba Inu: A Beginner’s Guide to the Cryptocurrency’s Ecosystem |
![]() | Trading Cryptocurrency With Moving Averages |
- Crypto Tokenomics: What It Is and Why It Is Important: Tokenomics helps traders gauge how valuable a token might become. Here are the key factors to look for.
- Shiba Inu: A Beginner’s Guide to the Cryptocurrency’s Ecosystem: Shiba Inu has evolved far beyond the SHIB token and now boasts a metaverse, DeFi capabilities, NFT collections, and a synergised token network.
- Trading Cryptocurrency With Moving Averages: Moving averages smooth out price data to help identify trends and reversal points. Here’s how to use them in crypto trading.
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Authors
Research and Insights Team
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