NFT & Blockchain Gaming Weekly (01/06/2023)

New BRC-721E token standard enables transfer of ERC-721 NFTs to Ordinals. Reddit Collectible Avatars NFTs surpasses 10 million holders. Mercedes Benz to release NFT collection ‘Maschine’.

Chart of the Week

Data shows that in the past 30 days, the total sales volume for Bitcoin NFTs has grossed US$192 million, which made Bitcoin the second largest blockchain for NFTs, just behind Ethereum.

Check out our research report: Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT.

New Project Spotlight

NFT Collectibles

[COMING SOON] ‘Jewelry ART 1.0’ is a project by Jewelry cryptoART, a jewelry designer based in France. Dropping on 5 June on Crypto.com NFT, it explores the marriage of technology and craftsmanship, and offers collectors a new way to appreciate and own jewelry-inspired artwork.

[COMING SOON] ‘MindScape: A Journey into the Inner Mind’ is a collection by fantasy artist Rosco Adrian. This drop highlights the surreal and fantastical nature of how our subconscious works and its beautiful inner chaos. The collection goes live on Crypto.com NFT on 16 June.

Blockchain Games

[LIVE] D.G.Pals has launched free-to-play game Merge Defence, where players are able to participate by creating an account on the D.G.Pals website. Players who rank among the top 500 teams are eligible to earn a whitelist spot for the game’s subsequent Starter Bundle Mint.

[LIVE] Snook has released the Themed Rooms feature, where players can design and play in their own environment with their community. This helps to foster crypto communities, and enables Snook playing grounds with distinct branding and graphics.

NFT Metrics

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

Blockchain Game Metrics

The following table shows select top games by weekly Unique Active Wallets (UAW):

Gaming Token Performance

The total market cap for gaming tokens now stands at US$11.01 billion, up +1% from last week.

News Highlights

• The BRC-721E token standard, jointly launched by the Ordinals market and the ‘Bitcoin Miladys’ NFT collection, allows traders to transfer their ERC-721 NFTs to Ordinals. During the process, Ethereum-based NFT holders will burn their tokens and inscribe them onto a satoshi in the Bitcoin network.
• Reddit Collectible Avatars NFTs have surpassed 10 million holders, driven by a recent free minting of Ubisoft’s Rabbids NFTs. The Rabbids NFTs are traded on marketplaces like OpenSea, with the highest recorded sale being Unicorn Rabbid #9 for $669 (0.35 ETH).
• Mercedes Benz’s Web3 arm is set to release an NFT collection titled ‘Maschine’. The generative art collection draws inspiration from automotive concepts, and consists of 1,000 unique Ethereum-based tokens featuring themes of velocity and perception, with the artwork mimicking a wheel in motion.
• All Nippon Airways (ANA), the largest airline in Japan, has launched an aeronautical-themed NFT marketplace. The platform, named the ‘ANA GranWhale NFT Marketplace’, will feature an inaugural collection created by aerial photographer Luke Ozawa.

Recent Research Reports

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