NFTs & Gaming: Reports & Releases

Blockchain is inherently a financial innovation, originally designed to facilitate the self-custody of funds and trustless transfer or value. What isn’t widely discussed is how, in our pursuit of programmable blockchains and novel in-game token designs, the industry’s most prominent pillar has become shockingly underutilized in games. This report will illustrate how a fundamentals-first approach to integrating blockchain into existing casual mobile games is producing a meaningful uplift in key metrics across a number of real-world case studies.

Introduction It’s tough to be a brand today. In today’s hyper-connected, digital-first world, brands face a plethora of challenges as […]

Foreword The number of well-funded blockchain games that are opening their doors to the public with playable builds is swelling. […]

Introduction Exactly one year ago, we wrote about how credit markets for NFTs were developing and why they would be […]

This report serves as a partial update of a previous report written by Ceteris, ‘Came for the Tech, Stayed for […]

In our “Reflecting on EthCC” report, we mentioned how most of the crypto discourse has been about the infra layer as opposed to the application layer. Friend.tech, a new social app launched on Coinbase’s rollup Base, has proven to be an exception to this trend.

Mobile is the dominant global gaming platform. The proliferation of fast wireless internet and comparatively low hardware costs are all key factors that are driving widespread adoption. It has been reported that in 2022, consumers spent an average of five hours per day on their mobile devices.

Is the NFT market gasping its last breath? A quick glance at the plummeting prices of the so-called "blue-chip" NFTs might lead you to believe so. Indeed, since the start of the year, the market has only been on a downward trajectory, with most of these collections losing 30-60% of their value in ETH terms.

At some point, Yuga Labs understood that it could not perpetually release additional NFTs or minor perks in order to maintain user engagement and the FOMO-driven high valuations. Thus, the company adjusted its strategy to focus on content and revenue-generating business models.

Imagine the first artist who smeared pigment on a cave wall. They didn't have a paintbrush or palette, but they had a medium of expression, and with it, they told stories that have lasted millennia.

Despite the total number of deals in June falling by 47% compared to May, the total funding raised remained relatively stable ($89.4M vs. $85.8M). That said, Mythical Games’ $37M Series C1 round of funding skews the data to make it look like the average raise per project has increased from last month.

If you believe blockchain’s role in gaming is to evolve beyond an incremental value add, then a natural path of progression for many projects will be towards an end-state that is fully on-chain. This transition of state will subsequently lead to a meaningful expansion of the surface area for experimentation.