Chart of the Week
The founder of Blur, Tieshun Roquerre (aka Pacman), launched a Layer-2 (L2) network called ‘Blast’ to address issues in the NFT industry. The network aims to tackle high transaction costs, introduce new trading instruments such as NFT perpetual futures (NFT perps), and provide yield generation opportunities.
Blast gained traction recently. It accumulated a TVL of over US$350 million and 47,637 deposit addresses at the time of writing.
New Project Spotlight
NFT Collectibles
[Upcoming] Dark Lions
Crypto.com provides the backstory of the Dark Lions, a group of apex predators set on destroying the Loaded Lions and Cyber Cubs. The Dark Lions, who have time-travelled to the present from 370 years in the future, were once a lost species until the Loaded Lions took them in. The Loaded Lions provided them with resources and weapons. However, conflicts arose between the two Lions, leading the Dark Lions to go back in time to stop the rise of the Loaded Lions and claim control over Mane City for themselves. The Cyber Cubs join forces with the Loaded Lions to warn them of the impending danger and the battle for dominance begins.
Stay tuned for more details about the Dark Lions mint and the perks they grant collectors.
[Upcoming] Puppetz – Burgeois Collection 2.0
Puppetz is a private club that promotes freedom and individuality. Each member represents a unique personality and possesses a one-of-a-kind Puppet. In this club, these puppets do not succumb. They are the controllers.
The latest drop consists of 1,000 rare and exclusive NFTs, known as Burgeois editions from the ‘Puppetz Burgeois 2.0’ collection. These NFTs are unique and highly sought-after. The drop also includes various utility items created by the artist. These items include the CoolbitX x Puppetz Hardware Wallet for secure digital asset storage, Genesis Puppetz NFT Cashback, Burgeois Huge Rewards, a Genesis Puppetz NFT giveaway, and three GOLD Puppetz Monetary prizes.
NFT Metrics
| Platform | Collection | 7D Sales Volume (USD) | Floor Price (USD) | |
|---|---|---|---|---|
| OpenSea |  | Bored Ape Yacht Club | $10,222,986 (-63%) | $60,511 |
| OpenSea |  | Mutant Ape Yacht Club | $9,613,578 (+1%) | $11,569 |
| Crypto.com |  | Loaded Lions | $52,124 (+75%) | $1,085 |
| Crypto.com |  | Crypto.com Land – The First Frontier | $34,672 (-34%) | $68 |
| Minted |  | VVS Miner Mole | $18,344 (-9%) | $240 |
| Minted |  | CorgiAI VIP Pass | $8,103 (+25%) | $37 |
| Platform | OpenSea |
|---|---|
| |
| Collection | Bored Ape Yacht Club |
| 7D Sales Volume (USD) | $10,222,986 (-63%) |
| Floor Price (USD) | $60,511 |
| Platform | OpenSea |
| |
| Collection | Mutant Ape Yacht Club |
| 7D Sales Volume (USD) | $9,613,578 (+1%) |
| Floor Price (USD) | $11,569 |
| Platform | Crypto.com |
| |
| Collection | Loaded Lions |
| 7D Sales Volume (USD) | $52,124 (+75%) |
| Floor Price (USD) | $1,085 |
| Platform | Crypto.com |
| |
| Collection | Crypto.com Land – The First Frontier |
| 7D Sales Volume (USD) | $34,672 (-34%) |
| Floor Price (USD) | $68 |
| Platform | Minted |
| |
| Collection | VVS Miner Mole |
| 7D Sales Volume (USD) | $18,344 (-9%) |
| Floor Price (USD) | $240 |
| Platform | Minted |
| |
| Collection | CorgiAI VIP Pass |
| 7D Sales Volume (USD) | $8,103 (+25%) |
| Floor Price (USD) | $37 |
Sources: OpenSea, Minted, Crypto.com Research
Blockchain Game Metrics
The following table shows selected top games by weekly volume in USD:
| Game | Blockchain(s) | 7D Volume (USD) | 7D UAW | |
|---|---|---|---|---|
 | Loaded Lions: Mane City | Cronos | $74,603 (-30%) | 3,138 (-17%) |
 | Axie Infinity | Ethereum, Ronin | $7,990,458 (-26%) | 38,340 (+11%) |
 | Gods Unchained | Ethereum, Immutable X | $5,309,354 (+9%) | 5,272 (+1%) |
 | FrenPet | Base | $1,815,726 (-) | 7,229 (-) |
 | Cambria Duel Arena | Base | $981,165 (+448%) | 514 (+147%) |
 | Aurory | Solana, Arbitrum | $698,823 (+40%) | 589 (+23%) |
| |
| Game | Loaded Lions: Mane City |
| Blockchain(s) | Cronos |
| 7D Volume (USD) | $74,603 (-30%) |
| 7D UAW | 3,138 (-17%) |
| |
| Game | Axie Infinity |
| Blockchain(s) | Ethereum, Ronin |
| 7D Volume (USD) | $7,990,458 (-26%) |
| 7D UAW | 38,340 (+11%) |
| |
| Game | Gods Unchained |
| Blockchain(s) | Ethereum, Immutable X |
| 7D Volume (USD) | $5,309,354 (+9%) |
| 7D UAW | 5,272 (+1%) |
| |
| Game | FrenPet |
| Blockchain(s) | Base |
| 7D Volume (USD) | $1,815,726 (-) |
| 7D UAW | 7,229 (-) |
| |
| Game | Cambria Duel Arena |
| Blockchain(s) | Base |
| 7D Volume (USD) | $981,165 (+448%) |
| 7D UAW | 514 (+147%) |
| |
| Game | Aurory |
| Blockchain(s) | Solana, Arbitrum |
| 7D Volume (USD) | $698,823 (+40%) |
| 7D UAW | 589 (+23%) |
Sources: Crypto.com Research, DappRadar
Gaming Token Performance
The total market cap for gaming tokens now stands at US$13.63 billion, growing by +2.02% from last week.
News Highlights
- Nike collaborated with fashion brand RTFKT to release NFT-infused sneakers dubbed the “RTFKT Dunk Genesis”. These sneakers can be pre-ordered on the RTFKT website and do not require buyers to own an NFT first. The “VOID Edition” will be available to the public on 31 July 2024, followed by the “Ghost Edition” in August.
- Animoca Brands, a prominent player in the metaverse and Web3 gaming spaces, announced a collaboration with Ubisoft’s Strategic Innovation Lab. The partnership aims to integrate Ubisoft’s PvP game, “Champions Tactics: Grimoria Chronicles,” into Animoca Brands’s membership project, Mocaverse. This integration will enable Mocaverse players to engage in exciting battles with mythical Champions.
- Ubisoft announced a free Ethereum NFT giveaway for its upcoming game called Champions Tactics: Grimoria Chronicles. The NFTs, known as “Warlords,” are profile pictures (PFPs) that offer early access to mint in-game “Champions” figurines. A total of 9,999 “Warlords” NFTs will be created, with 8,000 available through the free minting process. 1,000 will be offered to the Oasys community, and 999 are reserved by Ubisoft for marketing purposes and giveaways. The game is set to launch on PC in early 2024. It is described as an online strategy game featuring fantasy characters and unique Champions.
- CoinGecko, a major cryptocurrency price tracking website, acquired Zash, a startup specialising in NFT data infrastructure. The deal’s terms have not been disclosed. CoinGecko plans to integrate Zash’s NFT data into its API by the second quarter of 2024.
Recent Research Reports
 |  |  |
|---|---|---|
| Research Roundup Newsletter [October 2023] | Friend.Tech | Alpha Navigator: Quest for Alpha [October 2023] |
| Research Roundup Newsletter [October 2023] |
|---|---|
| Friend.Tech |
| Alpha Navigator: Quest for Alpha [October 2023] |
- Research Roundup Newsletter [October 2023]: We present to you our latest issue of Research Roundup, featuring trending market insights in October, charts of the month, and our insights on friend.tech and SocialFi trends.
- Friend.Tech: Explore what friend.tech is, its success factors and criticisms, and some of the competing platforms that have emerged.
- Alpha Navigator: Quest for Alpha [October 2023]: US Federal Reserve holds steady on interest rates. BTC starts 4Q strong, outperforming other asset classes.
Recent University Articles
 |  |  |
|---|---|---|
| Liquid Staking With the Lido (LDO) Token | What Is Unibot (UNIBOT)? | Liquid Staking: What It Is and How It Works |
| Liquid Staking With the Lido (LDO) Token |
|---|---|
| What Is Unibot (UNIBOT)? |
| Liquid Staking: What It Is and How It Works |
- Liquid Staking With the Lido (LDO) Token: The Lido token was conceived to make liquid staking easier and more accessible to crypto users. Here’s how it works.
- What Is Unibot (UNIBOT)?: In this article, we focus on a Telegram trading bot called Unibot, covering how Telegram users can trade cryptocurrencies through it.
- Liquid Staking: What It Is and How It Works: Liquid staking is a revolutionary tool in the cryptocurrency space, allowing users to access staked tokens. Here’s how it works.
We’re all ears.
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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.
