OpenSea implements 0% fees, Spotify is testing a new service called 'token-enabled playlists'
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OpenSea implements 0% fees for a limited time. Uniswap allows traders to buy NFTs using any Ethereum-based token. Spotify tests new ‘token-enabled playlists’ service.
New Project Spotlight
NFT Collectibles
[COMING SOON]“Mad Era: The Invasion of the Mutants” is a project by DaRealGenius, the creator and co-creator of the Mad Hare Society and PsychoKitties projects, respectively. The collection goes live on 27 February 2023.
[COMING SOON] “NaturAI“ is a collection by Paloma Rincón, a visual artist based in Madrid. Dropping on 3 March, it features images of birds generated using AI technology, and set against the backdrop of real and natural lush greenery.
Blockchain Games
[LIVE] The recent episode of Cronos Stream featured blockchain game projects Versa Games and Degen Brain Finance. Versa Games is a next-generation Web3 gaming platform, while Degen Brain Finance is a learn-to-earn project that aims to educate crypto investors.
[LIVE]Croskull was featured in an episode of Cronos Ecosystem Spotlight. The Croskull team shared that they are developing a multi-level game for the project, with Adventures, Seasons, and Missions being the first phases of the roadmap.
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The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art:
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$12.32 billion, up +4% from last week.
News Highlights
- OpenSea implements 0% fees for a limited time in an attempt to attract and win back its user base. Other major changes on the NFT marketplace include introducing optional creator earnings and ensuring other marketplaces would not be blocked by its operator filter.
- Uniswap’s NFT marketplace launched a feature that allows traders to buy NFTs using any Ethereum-based token. This would help to simplify the NFT purchasing process for traders, who previously needed to swap one cryptocurrency for another before buying an NFT.
- Popular music streaming platform Spotify is testing a new service called ‘token-enabled playlists’, which would allow holders of select NFTs to connect their wallets and listen to curated music.
Recent Research Reports
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| Research Roundup Newsletter [January 2023]: In our latest issue, we feature market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3. | Alpha Navigator: Quest for Alpha [January 2023]: Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio are at a yearly low, implying a positive sentiment shift. | AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3. |
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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.
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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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