Chart of the Week
The overall NFT lending market experienced a substantial growth of 43.6% QoQ, reaching a record quarterly high of US$2.13 billion in Q1 2024. Blend emerged as the dominant player, capturing 92.9% of the market share. Launched in May 2023 by leading NFT marketplace Blur, Blend swiftly gained traction, commanding an 82.7% market share in its debut month and maintaining its lead with a market share ranging from 88.8% to 96.5% since then.
New Project Spotlight
NFT Collectibles
[Upcoming] The Depot
Good news for Loaded Lions: Mane City adventurers! ‘The Depot’ has been restocked with a batch of 6,000 Elite Tactical Gear NFTs! You can now enhance your experience with more Crypto.com Tactical Gear – Get your hands on the NFTs to strengthen your arsenal.
[Upcoming] STELSI : Prestigious 2
The STELSI team is back with another architectural marvel, ‘Prestigious 2’. Featuring the Healing Ground and Inverse Idea Department Store, the largest-scale buildings in STELSI to date, the drop lets owners receive the most STELSI TOKEN (STLS) rewards through staking, among other benefits.
The following table shows selected top games by weekly volume in USD:
Gaming Token Performance
The total market cap for gaming tokens now stands at $29.2 billion, decreasing by -5.03% from last week.
News Highlights
- Following the unveiling of the Moonbirds Universe metaverse, Moonbirds NFTs surged by over 225% in trading volume within 24 hours. Meanwhile, under Yuga Labs’s ownership, Moonbirds reversed its copyright policy, now requiring a Moonbird token for commercialisation, departing from its previous Creative Commons CC0 model.
- The AnimeCoin Foundation, spearheaded by Azuki and partners, launched “Gacha Grab”. Azuki NFT sales soared to $1.1 million in a day despite a crypto market decline.
- Solana Labs partners with Google Cloud to integrate GameShift, enabling developers to build blockchain games with simplified onboarding and NFT marketplaces on Solana, aiming to accelerate mainstream adoption of blockchain technology in gaming.
- Casio collaborates with Astar Network to release a collection of NFTs commemorating its 50th anniversary, featuring artwork inspired by Casio timepieces. The NFTs are purchasable with Ethereum and are part of Astar Network’s “Yoki Origins” game, offering rewards such as limited-edition watches and native tokens.
- CryptoPunk’s Punk 635 has been sold for $12 million, marking the fourth-highest sale for a CryptoPunk in dollar terms and the sixth-highest in terms of ETH. This is the first sale for Punk 635 since its initial claim in 2017.
- Heroes of Mavia adjusts token unlock schedule amidst a 65% price decline since the February launch, aiming to curb supply inflation. The MAVIA token, currently at $3.72, fell further after the announcement plan to keep circulating supply under 14% until February 2025.
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