26 Aug 2022|MARKET UPDATES

NFT & GameFi Weekly (26/08/2022)

Nike’s NFT-related projects made over US$185M in revenue. An NFT from the Pudgy Penguins collection sold for 400 ETH. Splinterlands surpassed the 3 billion games played milestone.

Weekly NFT and Gamefi Newsletter

Key Takeaways

  • Nike’s NFT-related projects have made over US$185 million in revenue, positioning the brand as the biggest earner in the space. Dolce & Gabbana and Tiffany & Co. are the next largest brands at $26 million and $13 million, respectively.
  • An NFT from the Pudgy Penguins collection sold for 400 ETH (around $600K). In the long-term, the project aims to introduce a range of physical plush toys and a children’s book.
  • On 24 August, Splinterlands announced that it surpassed the 3 billion battles milestone. The trading card game previously passed the 2 billion threshold in March 2022.
  • X2Y2 recorded a -16% decrease in sales and a -18% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +50% and its transaction count also increased +48%.
  • The total market cap for GameFi tokens now stands at US$9.63 billion, down -3% from last week.

Crypto.com NFT in the Spotlight

  • “Shining Harmony” consists of digital sculptures created using procedural geometry and shapes found in nature. It is a tribute to nature, the universe, and the synergy that exists in its functioning. The abstract sculptures imitate the flow of nature, creating new meaning in their own reality through colour and form.
  • Wickana is an Indonesia-based illustrator and visual artist who loves to create metaphoric and beautifully disturbing imagery. “The Dream Archive” is a collection of visual interpretations inspired by recurring dreams. Each image emerges from our minds as a reflection of what we experienced in our waking state.

NFT Highlights

GameFi Highlights

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:

PlatformCollectionSales Volume (USD)Sample
Crypto.com NFTLove Potions: The Birth Of Generation Q$239,400
MintedVVS Miner Mole$153,500
Magic EdenABC$2,432,380
OpenSeaBored Ape Yacht Club$8,912,523

GameFi Top Gainers & Losers

*Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX
*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT, DAR, AURY, APE, PYR
*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV

Top Games Metrics

* Week-on-Week (WoW) % change is calculated based on the differences between two consecutive seven-day periods
* Users refer to the number of unique wallet addresses interacting with the dApp’s smart contracts
* Weekly Volume refers to the total amount of incoming value to the dApp’s smart contracts during the seven-day period
* Weekly Transactions refer to the no. of transactions made on the dApp’s smart contracts during the seven-day period
* Stickiness refers to the ratio of daily active users (DAU) to monthly active users (MAU). A high stickiness means users consistently return to the dApp.
* Weekly volume using Splinterlands data is approx US$422K.
* Alien Worlds, Splinterlands, MOBOX, Sunflower Land, Pegaxy, SecondLive, Axie Infinity, DeFi Kingdoms data 
from DappRadar
* STEPN data from Dune Analytics

Daily Gamers by Blockchain

Authors

Research and Insights Team

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