Nike unveils its NFT marketplace .Swoosh. CryptoPunks’ floor price flipped Bored Ape Yacht Club. Yuga Labs acquired Beeple’s WENEW.
New Project Spotlight
NFT Collectibles
[COMING SOON] “WearX by PUML” features in real-life and metaverse-compatible wearables by PUML Better Health, a move-to-earn fitness and wellness company from Brisbane, Australia. This collection drops on 21 November, exclusively on Crypto.com NFT.
[COMING SOON] In Ruben Kos’s “Welcome to Paradise”, the artist takes viewers on a journey through dead landscapes and eerie nothingness. Featuring a series of self-manufactured structures, this collection will drop on Crypto.com NFT on 29 November.
Blockchain Games
[LIVE] Defira reveals the most popular hero races purchased on Cronos. In addition, it launched new farm rates that enable players to earn sFIRA (Sealed Fira) to power up their NFT items.
[LIVE] CroSkulls is organising the Bonesville Cup on the FIFA World Cup™ fantasy game platform. The top three winners will receive prizes like the Founder Pet, S2 Pet Egg, and S2 Pet (Owl).
NFT Metrics
The following table shows select top creators (by weekly sales volume on each platform) and a sample of their art:
| Platform | Collection | Sales Volume (USD) | Floor Price (USD) | Sample |
|---|---|---|---|---|
| OpenSea | Bored Ape Yacht Club | $6,613,000 (+59%) | $73,100 | |
| OpenSea | CryptoPunks | $4,429,000 (-8%) | $80,900 | |
| Crypto.com NFT | Loaded Lions | $594,000 (+26%) | $2,200 | |
| Minted | VVS Miner Mole | $79,000 (-13%) | $340 | |
| Minted | Argonauts | $60,000 (-5%) | $80 | |
| Crypto.com NFT | Cyber Cubs | $38,000 (+119%) | $220 | |
Blockchain Game Metrics
The following table shows select top games by weekly Unique Active Wallets (UAW):
| Game | Blockchain(s) | UAW | Volume | Logo |
|---|---|---|---|---|
| Splinterlands | Hive, Wax | 256K (-8%) | $7K | |
| Trickshot Blitz | Flow | 65K (-51%) | $36K | |
| Axie Infinity | Ronin, ETH | 47K (-13%) | $7.3M | |
| Ultimate Champions | Polygon | 45K (+203%) | $1K | |
| Tiny World | BNB Chain | 42K (+31%) | $44K | |
Gaming Token Performance
The total market cap for gaming tokens now stands at US$6.65 billion, down -5% from last week.
News Highlights
- Nike unveiled its NFT marketplace, .Swoosh. It is currently in the beta phase, with its first collection set to launch in 2023. Virtual creations, such as digital sneakers, apparel, and accessories, will become available for collectors.
- CryptoPunks’ floor price flipped Bored Ape Yacht Club to regain the number one spot. The floor price of CryptoPunks remained relatively stable amidst the market turmoil, varying between 65 to 67 ETH in the past month.
- Bored Ape Yacht Club creator Yuga Labs acquired NFT startup WENEW, creator of the 10KTF project and other brand collaborations. As part of the deal, WENEW Co-founder Mike “Beeple” Winkelmann will join Yuga Labs as an advisor.
Recent Research Reports
| | |
| Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs. | Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility. | Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy? |
Disclaimer
The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.
The brands and the logos appearing in this report are registered trademarks of their respective owners.
Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.
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Research and Insights Team
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