OpenSea has announced that it will stop enforcing creator royalty fees on secondary sales of NFTs. From 31 August onwards, artists who list new projects on OpenSea will not be able to make it compulsory for buyers to pay a creator fee. Instead, artists will only be able to indicate their preferred creator fee, which buyers can choose to pay as a tip. Previously, creator fees typically ranged from 2.5% to 10%.
New Project Spotlight
NFT Collectibles
[COMING SOON] ‘VIV ANDERSON’is a project from PlayOnPro featuring Viv Anderson, a former English professional footballer, and the first person of African descent to play for England’s national football team. Dropping on 28 August on Crypto.com NFT, it includes digitised sports memorabilia, career highlights, autographed merchandise, and exclusive experiences with Viv Anderson.
[COMING SOON] ‘Doookie’is a collection by FriedFriday, an illustrator with extensive experience in the video games industry. This drop features the adventures of Peacheeze, a genre-bending rock band that is especially fond of punk rock and nu-metal. The collection goes live on Crypto.com NFT on 1 September.
Blockchain Games
[LIVE] The narrative team of D.G.Pals has completed several new updates, including a storyboard for a new animated chapter and descriptions for items in Legends. Moving forward, the team will also release new stories and characters, along with an improved UI and upgrade system.
As of 25 Aug 2023 Sources: OpenSea, Minted, Crypto.com Research
Blockchain Game Metrics
The following table shows select top games by weekly Unique Active Wallets (UAW):
Game
Blockchain(s)
UAW
Volume
Logo
Hippo Dash by Gameta
BNB Chain
182K (+19%)
$0.2K
Sweat Economy
Ethereum, Near
170K (-3%)
$86K
Carrom Blitz
Flow
98K (+1%)
$2K
Splinterlands
WAX, Hive, BNB
70K (-0.1%)
$0.5K
SuperWalk
Klaytn
59K (-1%)
$539K
As of 25 Aug 2023 Sources: DappRadar, Crypto.com Research
Gaming Token Performance
The total market cap for gaming tokens now stands at US$8.54 billion, up +0.1% from last week.
News Highlights
Yuga Labs, the company behind NFT collection ‘Bored Ape Yacht Club’,is set to wind down support for OpenSea for upgradable contracts and new collections, following the NFT marketplace’s upcoming removal of its on-chain royalty enforcement tool. Yuga Labs announced that they aim to protect creator royalties so that creators are properly compensated for their work, and their post has received a positive reaction from the BAYC and NFT communities.
NFT marketplace Magic Eden has pledged a $1 million “Creator Fund” to support Polygon NFTs. Polygon creators chosen to take part in the project are eligible to receive capital, technological guidance, marketing aid, and mentorship.
Popular South Korean girl group Blackpink has launched a Roblox metaverse experience. The metaverse experience will be a permanent addition to the virtual online game, giving fans an interactive space to celebrate Blackpink’s music and come together to recreate their choreography.
Nexon’s MapleStory Universe game has partnered with Chainlink to elevate its Web3 gaming experience through provably fair NFT gaming. Chainlink’s Verifiable Random Function (VRF) will help to ensure unbiased and equitable item acquisition, as well as an auditable and transparent item generation process.
Research Roundup Newsletter [July 2023]: We present to you our latest issue of Research Roundup, featuring trending market insights in July, charts of the month, and our latest research exploring real-world assets.
Real-World Assets: Bridging Real-World Value to DeFi: Real-World Assets is a promising application for blockchain technology that is gaining traction. We explore notable projects like Centrifuge, Ondo, Tangible, and Toucan.
Alpha Navigator: Quest for Alpha [July 2023]: Risk assets continued their positive price action in July, although BTC dipped slightly. The macro calendar was quiet up until mid-August, when US CPI data and FOMC minutes were released.
10 Bearish Crypto Trading Indicators to Know: Discover 10 popular bearish crypto trading indicators that, when combined with other indicators, can help enhance a trader’s experience.
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OpenSea stops enforcing royalty fees on NFT secondary sales. Yuga Labs winds down support for OpenSea. Magic Eden pledges US$1 million fund to support Polygon NFTs.
