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Bored Ape Sewer Pass NFTs can be transformed into robots. Sotheby’s to hold NFT auction featuring artists such as Beeple. Square Enix launched a trailer for its NFT game Symbiogenesis.
New Project Spotlight
NFT Collectibles
[COMING SOON] ‘76ers Heritage – Born and Raised’ is a project by the Philadelphia 76ers, the storied NBA team with three World Championships to their name.This drop lets collectors unlock ultimate fan packages, VIP experiences, and custom merchandise.The collection goes live on Crypto.com NFT on 20 March.
[COMING SOON] ‘STARDUST’ is a collection by Natacha Einat, a digital artist based in Paris. Dropping on 22 March on Crypto.com NFT, it features a dream-like world where distant objects from our reality combine to create endless possibilities.
Blockchain Games
[COMING SOON] D.G.Pals will be co-hosting a networking and panel discussion together with Cronos, Blockchain Game Alliance, and others called ‘A new frontier of blockchain games: Fun first, followed by ownership and autonomy’.
[LIVE] Legends of Bezogia Beta 0.11.1 is now live,and it includes improved features as well as bug fixes. For the month of March, Zogi Labs is dropping the creator fee on OpenSea from 5% to 0.5% for Bezogi V2 NFTs.
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 | Mutant Ape Yacht Club | $33,960,000 (-25%) |
$23,900 |  |
| OpenSea | Moonbirds | $23,772,000 (+11%) |
$6,900 |  |
| Crypto.com NFT | Loaded Lions | $46,300 (-20%) |
$1,200 |  |
| Crypto.com NFT | Crypto.com Land – The First Frontier | $21,600 (+53%) |
$40 |  |
| Minted | VVS Miner Mole | $44,000 (+3%) |
$210 |  |
| Minted | Eyeball Balldroid Gen 0 | $9,900 (-2%) |
$50 |  |
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 | 218K (+42%) |
$2K |  |
| Iskra | Klaytn, ETH | 104K (—) |
$23K |  |
| Planet IX | Polygon | 87K (-4%) |
$389K |  |
| Farmers World | WAX | 85K (+3%) |
$12K |  |
| Axie Infinity | Ronin, ETH | 42K (+4%) |
$19.2M |  |
Gaming Token Performance
The total market cap for gaming tokens now stands at US$9.99 billion, up +14% from last week.
News Highlights
- Yuga Labs announced that the Bored Ape Sewer Pass NFTs can be transformed into robots. The new NFT collection, ‘HV-MTL’, is minted through a ‘summoning’ process, in which owners of Sewer Pass NFTs can burn them in exchange for robots described as Mechs.
- Sotheby’s, one of the world’s largest brokers of fine art, will be holding a meme-inspired NFT auction featuring artists such as Beeple. The auction, named ‘Natively Digital: Oddly Satisfying’, will run from March 17 to March 24 in Paris.
- Japanese gaming giant Square Enix launched a trailer for its NFT game, Symbiogenesis. The fantasy game will feature around 10,000 NFT artworks with in-game utility.
- Meta is winding down support for NFTs on Instagram and Facebook. It will be shifting its investments away from NFTs toward products like Meta Pay, as well as tipping features on Meta platforms.
Recent Research Reports
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| Research Roundup Newsletter [February 2023]: In this issue, we feature trending market insights and our analyses of the current state of the decentralised derivatives market. | Alpha Navigator: Quest for Alpha [February 2023]: Asset classes took a breather in February and sold off, although crypto bucked the trend. BTC and ETH options implied volatilities remain at subdued levels. | Overview of Decentralised Derivatives: Crypto derivatives dominate the industry, representing about 70% of the entire market. In this report, we shed light on derivatives in DeFi, their market overview, and some innovations in the space. |
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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.
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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Source: crypto.com