NFT & Blockchain Gaming Weekly (11/08/2023)

Cronos Discover launches, showcasing popular Cronos apps. Reebok and VeeFriends collaborate on a sneaker. Game developer nWay announces a game with Bored Ape characters.

Chart of the Week

ERC-6551 is a token standard that enables token-bound accounts, giving each NFT its own account and wallet address. The protocol requires no changes to the original ERC-721 contract, while enabling each NFT to own ETH and other ERC-20, ERC-721, and ERC-1155 tokens. ERC-6551 gives each NFT the ability to record its own on-chain history, where the value is accrued within the NFT instead of an external wallet. Token-bound accounts have the potential to enable new use cases such as NFT member loyalty programmes, true on-chain identities, as well as game mechanics involving digital outfits and items.

New Project Spotlight

NFT Collectibles

[COMING SOON] ‘Inside the mind II’ is a project by 2J STARY, an artist specialising in 3D animation. Dropping on 14 August on Crypto.com NFT, it features distinctive and colourful compositions that bring the viewer on a trip through the artist’s mind.

[COMING SOON] ‘SYNTHTOPIA’ is a collection by DESTABILIZED, a collective of visionary artists, entrepreneurs, and creatives. This drop features 3,000 unique avatars, artefacts, robots, supercars, treasure bundles, cinematic moments, and more. The collection goes live on Crypto.com NFT on 16 August.

Blockchain Games

[LIVE]Ballies, CroSkull, and Marbleverse have been named as reward recipients in the eighth batch of the Cronos Ecosystem Grant. The three gaming projects stood out among 180 other winners of the grant, which supports projects on Cronos by bootstrapping initial product development and providing monetary, technical, and marketing support.

[LIVE] The Eyeball Games team has been focusing on improving the visual details of the pool balls in the Eyeball Pool game. The upcoming Phase 2 of the game will also include new features such as multiplayer PvP, a revamped UI, and time-based tournaments.

NFT Metrics

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

Platform	Collection	Sales Volume (USD)	Floor Price (USD)	Sample
OpenSea	DeGods	$12,345,000 (—)	$13,300
OpenSea	Bored Ape Yacht Club	$7,358,000 (+434%)	$57,400
Crypto.com NFT	Crypto.com Land – The First Frontier	$44,200 (+37%)	$70
Crypto.com NFT	Loaded Lions	$25,600 (-42%)	$1,000
Minted	ArgoPetz	$21,900 (—)	$20
Minted	MiCROchips	$20,500 (-9%)	$40

Blockchain Game Metrics

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

Game	Blockchain(s)	UAW	Volume	Logo
Sweat Economy	Ethereum, Near	199K (-24%)	$171K
Hippo Dash by Gameta	BNB Chain	198K (+2%)	$0.3K
Pandra War	Polygon	135K (+44%)	$753K
Carrom Blitz	Flow	97K (+1%)	$2K
PlayEmber	Near	72K (-18%)	$0.7K

Gaming Token Performance

The total market cap for gaming tokens now stands at US$10.02 billion, up +1% from last week.

News Highlights

• Cronos Discover officially launched as an improved portal to showcase the most popular Cronos apps to both newcomers and experienced users. NFT projects featured on Cronos Discover include Cronos ID, Minted, and Ebisus Bay.
• Reebok and VeeFriends have collaborated on a special release inspired by one of VeeFriends’ 283 unique characters. The VeeFriends Aspiring Alpaca Classic Nylon sneakers will be available for purchase starting from 24 August on Reebok’s official website and the VeeFriends online shop.
• Game developer nWay, a subsidiary of Animoca Brands, announced the September launch of Wreck League — a 3D mech-fighting game that will incorporate Bored Ape Yacht Club (BAYC) and other Yuga Labs-created NFT collections. The game comes in both an NFT-driven version as well as a free-to-play, non-crypto version.
• CBS Studios, the television production company behind Star Trek, has applied to use the name ‘Star Trek Continuum’ for NFTs. The NFTs are set to feature starships from various adventures in the science fiction universe, customised to each user’s liking.
• NFT and DeFi protocol JPEG’d confirmed the return of 5,495 ETH (~US$70 million) from the hacker who drained several pools on Curve Finance. In exchange for returning the stolen funds, the hacker received a 610.6 ETH (~$1.1 million) bounty.

Recent Research Report
Alpha Navigator: Quest for Alpha [July 2023]	Real-World Assets: Bridging Real-World Value to DeFi	Crypto Market Sizing Report H1 2023

• Crypto Market Sizing Report H1 2023: Global crypto owners reached 516 million by the first half of 2023.
• 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. Macro calendar is quiet up until mid-August when we have the US CPI and release of FOMC minutes.

Recent University Articles
What Are Layer-0 Protocols? Infrastructure for Customised Blockchains	Top Governance Tokens to Know in 2023	The Future of Ethereum: What to Expect in the Coming Years

• What Are Layer-0 Protocols? Infrastructure for Customised Blockchains: Layer-0 protocols are the infrastructure on which customised Layer-1 blockchains are built. We explore notable projects like Cosmos, Polkadot, and Avalanche.
• Top Governance Tokens to Know in 2023: Discover the top crypto governance tokens making waves in the decentralised finance and blockchain sectors.
• The Future of Ethereum: What to Expect in the Coming Years: Exploring the upcoming upgrades and developments that will shape the Ethereum network’s future.

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Research and Insights Team

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