Original author: M6 Labs

The NFT space has been more resilient than expected, as demonstrated by its ability to survive a bear market. The entire industry is filled with a series of partnerships, with developers sticking to their projects regardless of market fluctuations. Although NFT indicators have been trending downward for several months, a recovery is underway. NFT-related tokens are experiencing significant price surges, popular NFT games are attracting large player communities, and platforms like Magical Eden are gearing up for the coming bull run and influx of users. Let’s dive right in!

Project updates

• ReadON and MOBOX announce strategic partnership to unify Web3 gaming community

• Ubisoft’s “Champions Tactics” NFT game is coming to Animoca’s “Mocaverse”.

• Japanese giant SquareEnix will launch NFT auction for new Web3 game built on Ethereum and Polygon

• Azuki DAO renames itself Bean and drops lawsuit against founder Zagabond

• Pudgy Pendguins Launches Exclusive Walmart Influencer Box

• Matr1x Fire Game studio behind raises $10 million for NFT mobile shooter

• Magic Eden Magic Eden launches a wallet that supports Bitcoin, Ethereum, Solana, and Polygon. Users can apply for the waitlist via a link posted on Twitter

• According to CoinGecko research, 2,127 Web3 games failed in the past five years, accounting for 75.5% of the total, with an average failure rate of 80.8%

• Blast,Blast, the new L2 built by founder Pacman, reached $600 million in TVL in 10 days

Social activity continues to reach new highs across many programs. Blur is expected, but the additions of Floki, Naka, and VRA are also noteworthy.

Source: LunarCrush

Introduction to Blue Chip

NFT transaction volume continues to rise, indicating continued user interest in traditional NFTs. Despite concerns that a bear market will negatively impact NFTs, their popularity remains strong, with users recognizing the value of these digital collectibles. Established blue-chip NFT collectibles are likely to retain their importance and value well into the future. Notably, while Crypto Punks have dominated top sales over the past seven days, this originally blue-chip collectible has either dropped out of the top spots or moved towards lower spots. Furthermore, Ordinals are experiencing significant trading volumes on markets like OKX, indicating that this trend is becoming a permanent feature of the BTC ecosystem.

Top 10 sales of the past 7 days. Source: DappRadar

Top 10 sales of the past 7 days. Source: DappRadar

Solana’s NFT ecosystem is on a significant growth trajectory, solidifying its position as a strong alternative to Ethereum and second-layer solutions. Among the vibrant Solana NFT collections, Mad Lads has emerged as the top blue-chip collection, boasting impressive transaction volumes and a massive user base that surpasses its competitors.

Solana’s top 10 NFT collectibles in the past 7 days. Source: Nansen

Blur continues to lead in NFT transaction volume, surpassing OpenSea and demonstrating that a well-thought-out incentive structure can overcome the advantages of being a first mover in the space. However, users should note that Blur has been flagged for higher levels of wash trading. OKX’s recently launched NFT marketplace has successfully launched and seen a significant increase in trading volume, with the majority coming from BTC Ordinals. Meanwhile, Magic Eden has solidified itself as the go-to marketplace for NFTs on Solana.

Top 5 NFT Markets in the Last 30 Days. Source: Footprint Analytics

Top 5 NFT markets over the past 30 days, including non-EVM metrics. Source: DappRadar

The Ethereum mainnet remains the main hub for NFT transactions, with many users preferring to conduct transactions on the mainnet. Despite the successful growth of NFT platforms on second-layer solutions such as Arbitrum and Optimism, NFT transactions on these networks have still not made significant progress. Interestingly, even with increasing trading volume and liquidity in the Arbitrum ecosystem, NFTs do not appear to be a top priority for Arbitrum traders, while Polygon continues to be the second-tier choice for NFTs.

Top 5 NFT transaction chains in the past 30 days. Source: Footprint Analytics

Gaming Events: The blockchain gaming space has experienced significant changes over the past few weeks, with most activity moving away from Polygon. Surprisingly, games like MotoDex and Sweat Economy have managed to outdo Alien Worlds/span> Alien Worlds is a community-built metaverse that simulates economic competition and cooperation between players. By incentivizing players to strive for Trilium (TLM), users can control autonomous organizations (Planet DAOs) and gain more necessary for gameplay. In the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in battles, and complete in-game tasks. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game./span>Alien Worlds is a community-built metaverse that simulates economic competition and cooperation among players. By incentivizing players to strive for Trilium (TLM), users can control an autonomous organization (PlanetPlanetPlanet (AQUA) is a cryptocurrency launched in 2021 that runs on the BNB Smart Chain (BEP20) platform. See more DAOs) and get more Required for gameplay. Within the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in combat, and complete in-game quests. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game./span>Alien Worlds is a community-built metaverse that simulates economic competition and cooperation among players. By incentivizing players to strive for Trilium (TLM), users can control autonomous organizations (PlanetPlanetPlanet (AQUA) is a cryptocurrency launched in 2021 and runs on the BNB Smart Chain (BEP 20) platform. See more DAOs) and get more Required for multi-game play. Within the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in combat, and complete in-game quests. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game./span>Alien Worlds is a community-built metaverse that simulates economic competition and cooperation among players. By incentivizing players to strive for Trilium (TLM), users can control autonomous organizations (PlanetPlanetPlanet (AQUA) is a cryptocurrency launched in 2021 and runs on the BNB Smart Chain (BEP 20) platform. See more DAOs) and get more Required for multi-game play. Within the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in combat, and complete in-game quests. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game./span>Alien Worlds is a community-built metaverse that simulates economic competition and cooperation among players. By incentivizing players to strive for Trilium (TLM), users can control autonomous organizations (PlanetPlanetPlanet (AQUA) is a cryptocurrency launched in 2021 and runs on the BNB Smart Chain (BEP 20) platform. See more DAOs) and get more Required for multi-game play. Within the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in combat, and complete in-game quests. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game./span>Alien Worlds is a community-built metaverse that simulates economic competition and cooperation among players. By incentivizing players to strive for Trilium (TLM), users can control autonomous organizations (PlanetPlanetPlanet (AQUA) is a cryptocurrency launched in 2021 and runs on the BNB Smart Chain (BEP 20) platform. See more DAOs) and get more Required for multi-game play. Within the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in combat, and complete in-game quests. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game./span>Alien Worlds is a community-built metaverse that simulates economic competition and cooperation among players. By incentivizing players to strive for Trilium (TLM), users can control autonomous organizations (PlanetPlanetPlanet (AQUA) is a cryptocurrency launched in 2021 and runs on the BNB Smart Chain (BEP 20) platform. See more DAOs) and get more Required for multi-game play. Within the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in combat, and complete in-game quests. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game./span>Alien Worlds is a community-built metaverse that simulates economic competition and cooperation among players. By incentivizing players to strive for Trilium (TLM), users can control autonomous organizations (PlanetPlanetPlanet (AQUA) is a cryptocurrency launched in 2021 and runs on the BNB Smart Chain (BEP 20) platform. See more DAOs) and get more Required for multi-game play. Within the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in combat, and complete in-game quests. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game./span>Alien Worlds is a community-built metaverse that simulates economic competition and cooperation among players. By incentivizing players to strive for Trilium (TLM), users can control autonomous organizations (PlanetPlanetPlanet (AQUA) is a cryptocurrency launched in 2021 and runs on the BNB Smart Chain (BEP 20) platform. See more DAOs) and get more Required for multi-game play. Within the Alien Worlds universe, players can acquire NFTs (digital game items) to mine TLM, engage in combat, and complete in-game quests. Depending on their strategy, players can purchase and assemble NFTs that best suit their gameplay. In addition, players can participate in management by electing six Planet DAO committee members to influence the direction of the game.popularity.

This may be due to their “play and earn” mechanism. Additionally, the surge in players using chains such as Flow, Near, Ronin, and Wax in blockchain games demonstrates the existence of a vibrant and evolving gaming ecosystem across multiple platforms.

Top 10 NFT games in the past 7 days. Source: DappRadar

Degen Corner

• DeFimons continues to make significant progress. The game is currently free to play and will have significant blockchain integration. Please try it here

• Capsule Heroes is a PvP fighting game in the style of Overwatch. While some gameplay testing has taken place, with more to come, the games on-chain and NFT implementation has yet to be announced, so further details are expected in the future

• Illuvium Beta 3 will introduce Arena PvP, marking the first player-versus-player content in the auto-battle game. The release coincides with the addition of Illuvium to the Epic Games Store

• Pixels is a casual farming game popular on the Ronin chain within the Axie Infinity ecosystem. The concept of the game revolves around resource gathering, farming, and building your home while encouraging others to join in. View here

• Cambria is a new blockchain game played on Base. The game has caught the attention of some players, who are competing for higher stakes, up to 3 eth. Try it here

• Gala Games is migrating its treasure chest functionality to GalaChain and renaming it Inventory. Players can now mint tokens and items from their inventory for free

• Duel Arena is a 1 v1 ETH reward duel game that has been integrated into Cambria. The game is currently live and over $1 million in ETH has been staked on its showdown

• Kamigotchi is an on-chain pet RPG game developed based on Canto and will now be launched on Optimism Layer 2 (L2). While theres no firm release date, its expected to launch in the first half of 2024. Please pay close attention.

• Gaming-related tokens have seen significant gains over the past week: $MAGIC (+16%), $ILV (+8.3%), $RON (+28.2%), $WILD (+32.9%), $ RARE (76.4%), TLM (16.9%) and $GENE (48.1%).

• Major leaders in the NFT space, such as $IMX (-9.3% ) and $BLUR (-2.3% ), have retreated after their recent gains.