Your Weekly NFT Digest From Ayzd🔥
Aloha 👋 While our team is working diligently on the first version of ayzd.com, crypto market is suffering volatility due to tweets of Elon Musk and China ban, whereas the NFT market continues growing and gladdening us with high-profile sales and intriguing news. Three major events have rocked the NFT market over the last weeks, such as the massive growth of Axie Infinity, the success of R-planet’s primary NFT sale, and AtomicMarket’s rise to the top 4 of NFT marketplaces.
Let's take a look at the major and most fascinating events of the past week.
The game Axie Infinity - hits #1 in NFT weekly trading volume.
Over the past seven days, the number of traders on the Axie Marketplace has increased by 51.44% to 7,793. With this increase, the number of sales exceeded 29,487. Generating a transaction volume of over $6.88 million. The surge is significant when you realize that Axie Infinity had just over 43,645 traders and a trading volume of $48 million.
There are two main reasons for the massive growth of Axie Infinity
First of all, let's talk about Axie Infinity's migration to the Ronin sidechain. This migration will reduce ether commissions and give more economic freedom to Axie Infinity users. High fees only make sense when you're transferring thousands of dollars, but when it comes to NFT in the gaming industry, high transfer fees can devalue an asset.
On the other hand, the explosive growth of the Axie Infinity project may have been influenced by the publication of the new documentary Play-To-Earn. The documentary shows how Axie Infinity helped people in the Philippines to cope with financial hardship and even earn an income in cryptocurrency during the COVID-19 pandemic.
If you want to learn more about Play-To-Earn, you should better check out the link
It promises to be interesting to keep an eye on the growing popularity of the Play-to-earn concept and the evolution of the Axie Infinity project in 2021
R-Planet sees a 242.43% increase in 7-days sales volume after their successful primary NFT pack sale
The R-Planet is a project based on the WAX blockchain. The reason why it hits the top sales for the week is due to the successful launch of the pack sale. In the previous week, R-Planet held a drop of packs containing a variety of NFT cards of mining tools. In fact players of R-Planet can earn AETHER tokens by stacking these NFTs. The drop consisted of two sorts of packs. Total number of packs reached 11250.
Here's what it is all about
Mini Pack of Mining Tools contains 6 NFT cards of mining tools.
Probability of cards by different rarities in percentages
Common - 63%
Uncommon - 22,5%
Rare - 9,5%
Epic - 4%
Legendary - 0,8%
Mythic - 0,2%The price per pack was 30$ and 9000 Mini Packs were available.
Mega Pack of Mining Tools — 24 NFT cards of mining tools.
Probability of cards by different rarities in percentages
Common - 63%
Uncommon - 22,5%
Rare - 9,5%
Epic - 4%
Legendary - 0,8%
Mythic - 0,2%The price per pack was $120 and 2250 Mega Packs were available.
If you’re not familiar with the R-Planet project, you should definitely check it out! More interesting releases shall be expected soon.
AtomicMarket surpasses CryptoPunks by 7-days trading volume and is targeting to surpass NBA Top Shot
AtomicMarket is a smart contract which makes it easy to build NFT marketplaces using the AtomicAsset NFTs standard. This implies that AtomicMarket represents the total amount of sales volume generated on WAX blockchain.
During the last week the trading volume on dApps built on WAX blockchain increased more than 2.5 times, which allowed AtomicMarket to reach the top 4 of NFT marketplaces, replacing CryptoPunks.
Three main projects on the AtomicMarket-WAX blockchain lead to such a significant rise. To a certain extent this growth is due to successful sales of R-planet packs, for other major projects made at WAX the last week was not so successful (Alien Words (-31.82%) and Toops MLB (-17.02%)). But let's take a deeper look at each of the following projects.
Alien Worlds
Alien Worlds' trading volumes have fallen despite the announcement of a quite important update to the game mechanics by its team.
Here is a short recap of the update: there are 6 major types of NFTs in Alien Worlds, such as land, avatars, tools, weapons, minions, and artifacts. Most of these NFTs have two main features- rarity and shiness. And these two features themselves have degrees that determine their value and rareness. Until the last update, you could “shine” only NFT avatars and tools and now you can also “shine” NFT minions and weapons.
On the chart, you can see a short increase in trading volume on the 21st of may when the update went into effect. However, this did not allow the Alien Worlds project to end the week in the green zone…
R-Planet
As seen above the R-planet project's significant increase over the past 7 days is related to the successful launch of pack sales. The sale of packs took place on the 21st of may raising the interest of R-planet ecosystem fans and enthusiasts.
Topps MLB
Topps MLB lost 16.92% in transaction volume compared to last week. But as we can see on the chart, despite the successful launch at the end of April, the project Toops MLB continues to drop positions. However, collecting baseball cards, favored by nostalgic grown men, still remains something timeless.