NFT & GameFi Weekly (14/10/2022)

OpenSea adds Avalanche NFT support. Doodles announces a Miami mini-golf event. Axie Infinity: Raylights, a land mini game, is now live.

Key Takeaways

• OpenSea added Avalanche support to its online marketplace. According to OpenSea’s rankings, Avalanche’s top two NFT collections of all time are “Smol Joes” and “Smol Lands”.
• Doodles, a popular and colourful NFT project, announced a Miami mini golf event this winter. The event, DoodlePutt, will take place in Wynwood, Miami, between the 2nd and 3rd of December. 
• Axie Infinity: Raylights, a land mini game, is live for all landowners. Players can sow minerals, grow plants, and cultivate their plot. The game can be played directly on a browser with no download required.
• X2Y2 recorded a +43% increase in sales and a -37% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +28% and its transaction count also increased +11%.
• The total market cap for GameFi tokens now stands at US$7.75 billion, down -12% from last week.

Crypto.com NFT in the Spotlight

• “Action Bears Club” is an engaging way for anyone to get involved in offsetting their carbon footprint. Revenue from the NFTs directly funds two global green projects. There are only 300 mystery packs available, with each pack containing one of seven dancing polar bears.
• “Deepest Fears” is a collection of ten NFTs representing ideas that torment us, materialising them, and creating captivating images designed to make something beautiful out of fear. The collection is created by Germán Benito, a seasoned graphic designer from Spain who has a fiery passion for producing remarkably unique pieces of art.

NFT Highlights

• DeGods Solana NFT collection joins zero royalty bandwagon
• Damien Hirst live streams the burning of $10M in art for NFT project
• Barbie partners with Boss Beauties for a new NFT collection
• NFT infrastructure company Gomu closes $5M seed round
• Korean music label Modhaus to launch first K-pop girl group tripleS, formed with NFT-based fan-voted members
• French authorities charge 5 over theft of Bored Ape NFTs

GameFi Highlights

• Decentraland gears up for its second annual metaverse music festival
• Popular move-to-earn game STEPN begins staff layoffs amid the bear market
• Gabriel Leydon’s Limit Break purchases $6.5M Super Bowl ad spot for DigiDaigaku NFT collection
• Axie Infinity player count falls back to Jan 2021 levels
• Catheon Gaming and Cointelegraph announce strategic blockchain gaming partnership

NFT Transaction Benchmark

The following chart shows select top NFTs and their historical floor prices:

Top Collections

The following table shows select top creators (by sales volume on each platform) and a sample of their art:

GameFi Top Gainers & Losers

Top Games Metrics

Daily Gamers by Blockchain

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Research and Insights Team

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