NFT & Blockchain Gaming Weekly – 📉 NFT market saw declining sales for the 5th consecutive month; Hamster Kombat announced its airdrop plan

NFT market saw declining sales for the 5th consecutive month. Hamster Kombat announced its airdrop plan. OpenSea received a Wells notice from the US SEC.

Aug 30, 2024
Crypto.com NFT and Gaming

Quick Take


Chart of the Week

The NFT market witnessed its fifth consecutive month of declining sales volume. All top blockchains experienced a drop in the past 30 days, except for Mythos and Blast, which increased by 14% and 45%, respectively. The trading activity of NFTs on these chains was mainly attributed to the gaming sector.

Mythos’s growth was largely driven by DMarket, an NFT marketplace specialising in in-game items and collectibles, while Blast’s was the recent resurgence of Fantasy.Top, a SocialFi trading card game. Fantasy.Top introduced Tactics V2 on 2 August, allowing users to buy tactics and compete with random hero lineups, enhancing participation and sustainability. Recent metrics show a significant increase in paid mints and player entries, indicating rising interest.


New Projects Spotlight

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Gaming Token Performance

The total market cap for gaming tokens now stands at $20.27 billion, increasing by +3.90% from last week.

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Research and Insights Team

Disclaimer

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