NFT Digest 40, October 2024
This issue of the digest, as it is, is mostly about blockchains using dedicated NFT solutions. You can find more details in the Analytics section. But just yesterday, an announcement came out that only reinforced this trend.
Xsolla ZK
Xsolla has introduced Xsolla ZK, a blockchain-based solution designed to help game developers and players manage virtual items.
More than 2,500 games are monetized using Xsolla's commercial solutions and more than 1,000 developers rely on Xsolla's technology.
Built on ZKsync, Xsolla ZK provides a scalable and secure way to store and organize in-game assets through a digital backpack. This solution offers game creators new monetization opportunities while simplifying asset management for developers and users.
Xsolla ZK will be part of the Elastic Chain ecosystem, a growing network of interconnected chains utilizing Zksync technology to work with Web3 solutions. Leveraging the security and scalability of Ethereum, Xsolla ZK is uniquely positioned to help game developers, item creators and game infrastructure providers easily integrate blockchain technology into their ecosystems.
The Xsolla ZK Digital Backpack introduces a revolutionary way for developers and gamers to manage virtual assets. The solution makes it easy for game developers to create and maintain in-game items that players can securely store on the blockchain.
Digital Backpack allows developers to leverage new monetization models, providing a seamless experience for users who want more control over their in-game assets.
Xsolla offers enterprise-grade wallet-as-a-service:
- Mint retro achievements on Xsolla ZK gamer IDs for targeted UAs
- Set up “play-to-earn” mechanics for your game
- Create cross-game marketing campaigns with revenue sharing via blockchain
- Sell pre-orders and founder's packs as NFTs
Xsolla ZK Features
- Asset Tokenization. Transform game items into tokens on the blockchain, giving players true ownership and the ability to trade assets securely.
- Unified trading platforms. Launch primary and secondary trading platforms under your brand to increase player engagement and monetization.
- Cross-platform compatibility. Provide seamless integration across web, desktop and mobile platforms, expanding the reach and accessibility of the game.
- New monetization models with recurring royalties from secondary market sales.
- Developer-centric tools. Utilize comprehensive SDKs and analytics dashboards refined over years of developer support.
NFT news
Hyperlane introduced Warp Tokens, a new interchain token standard that scales to every VM and chain, without vendor lock-in.
A Blast social betting game Fantasy.top is live on Dune.
PosIND, as the largest postal company in Indonesiahas launched the first NFT stamps in the country. The stamps, featuring the image of a bird of Cenderawasih, are issued in limited quantities. This inaugural NFT stamp in Indonesia will be released in the form of a booklet.
XP.NETWORK has launched a decentralized multi-chain NFT Bridge.
Secret Network will provide Solana with decentralized confidential computing (DeCC) tooling, documentation, and support. Utilizing DeCC enables features such as private voting for DAOs, encrypted data storage for various applications, secure random number generation for games, confidential data linked to NFTs, sealed bid auctions for NFTs and other assets, and encrypted order books for DeFi applications. DeCC (Decentralized Confidential Computing) is a category of technology enabling blockchain applications to store and compute encrypted data, without having to reveal that data to the entire world.
Blastr integrated Across protocol and now you can mint refundable NFTs from any of the 10 EVM-compatible chains.
Runes integrated on Bitcoin scaling solution Fractal. It opens up new opportunities for developers, creators and enthusiasts to push blockchain utilities forward, from NFTs to dApps. Runes allow Bitcoin transactions to etch, mint, and transfer Bitcoin-native digital commodities.
Wasabi launched Vaults trading. No need to withdraw funds in order to trade with size. No need to break your vault streak just to make a trade. Keep the momentum going and enjoy the flexibility to trade whenever you want. Every closed trade feeds back into the vault, helping you earn Yield, Wasabi Points, and more.
NFT platform Magic Eden has added Berachain and ApeChain as its eighth and ninth supported blockchains. The marketplace is also targeting the EVM-enabled Monad network - once the network goes live in test mode. More about Apechain.
NFT Building
1inch introduced the concept of Token Plugins. Imagine risk-free multifarming, efficient on-chain delegations and much more dynamic functionality - all without the need for upgrades.
Token plugins are smart contracts that extend the functionality of ERC20 tokens and wrappers by adding custom accounting functions to the original token. These plugins allow users to dynamically extend the functionality of their tokens without having to transfer the token to a dedicated smart contract.
Deployment and usage does not require authorization from the token contract holder's point of view, as it is the token holder who decides which plugin to subscribe to.
Technically, plugins are a set of smart contracts that track changes in ERC20 token balances and perform additional tasks to keep track of those balances. They are particularly useful when you need to track, for example, token fractions without actually transferring the tokens to a dedicated accounting contract.
The token plugin standard is designed to provide security and prevent asset loss, gas and DoS attacks on transfers.
Support for ERC721 (NFT) and ERC1155 (Multi-token) coming soon!
NFT Analytics
Review of TON NFT and games landscape. A TON shows an increase in NFT that cannot be ignored. It is confidently among the top 10 blockchains in terms of trading volumes, ahead of Arbitrum, Flow, Blast.
This graph shows the daily number of unique wallets transmitting NFT, whether it's to send to a friend, purchase, or use in-game. The data shows that gamers on Telegram are not just creating wallets, but also actively interacting with NFT, indicating an active level of interaction.
Distinct Adresses Trading TON NFTs image widget. Press Enter to type after or press Shift + Enter to type before the widget
Compare Zora and Mint Blockchain. Conducted an extensive comparison of two NFT blockchains on the following parameters:
- search volume
- onchain activity
- quantity and quality of ecosystem projects
- key features and market positioning
Somnia blockchain review. The new EVM-compatible Layer 1 network offers the highest performance on the market by utilizing a new architecture. New concepts of dynamic NFTs, marketplaces and a special focus on metaverses and games are built into the design.
So, current NFT chain landscape you can find here.
DSCVR review
DSCVR is one of the largest onchain social platforms built on Solana. On DSCVR, users can create communities, share posts in their feed, win subscribers, utilize comments, reactions, reposts and notifications. All of this is combined with basic crypto functionality - built-in wallet, airdrops, Lootboxes with NFTs and tokens, embedded dApps in posts, token-stamping, token-gating, token marketplace communities and verified NFT profile pictures.
After developing and refining the product on ICP, DSCVR attracted community and customer growth on Solana, where the team launched their product in November 2023. Judging by the data, the move has worked - daily active users have jumped 1000% since launch and now consistently exceed 60k.
Over the past 90 days, DSCVR has an average of 63k daily active users (DAUs), 108k weekly active users (WAUs), and 168k monthly active users (MAUs).
DSCVR engagement actions is steadily increasing. In the last year, the cumulative number of actions has doubled from less than 25 million to 52.6 million.
So far, users have created more than 730,000 DSCVR profiles.
Monthly unique visitors reached 1M in August
Lootboxes are DSCVR's flagship product, which active users earn by interacting with the platform and creating popular content. They contain NFTs - some positioned as art, some as utility - as well as some of the most popular SPL tokens in the Solana ecosystem. In total, users have received over 600,000 lootboxes.
DSCVR is more than holding its own against the other notable players in this space - Lens and Farcaster.
Canvas is a framework for creating web applications called Canvases that are embedded and distributed on the DSCVR platform. Developers can build Canvases using familiar web and server frameworks such as Vue, React, Next.js. They can also deploy them on the infrastructure of their choice, including Vercel, Heroku, Cloudflare, and others. Any web app can be converted to Canvas in a few steps and go viral to 700,000+ users in a single application. DSCVR launched Canvas in August 2024, and last month DSCVR Canvas generated ~10x more onchain transactions than Farcaster Frames, a similar product in the Farcaster ecosystem. Canvas is quickly catching up to Farcaster Frames in terms of total transactions, despite Frames having a six month head start.
NFT Market
Disclaimer. To date, analytical tools are still evolving and provide only approximate data that do not cover all chains, DAG systems and other types of distributed ledgers, as well as NFTs or less common types, such as utility or financial.
NFT Marketcap is $22,679,753,330
NFT Sales Volume $469,749,093
Total Sales 1,967,967
More all users are on Solana, and there is a constant battle for places 3 through 6. Solana is also leading in trading revenue, but here its advantage is minimal over Ethereum and Bitcoin.
Ethereum is the clear leader by volume, with Solana and Polygon sharing 2nd and 3rd place. However, Solana is ahead of Ethereum by royalties.
Magic Eden flipped Opensea by users this month. Magic Eden is the clear leader by trading revenue.
Blur is the leader again by volume. Magic Eden regained the lead by royalties. This month Tensor is the leader by royalties.
Blockchains by NFT Sales Volume
It's a great chart, but still not complete. As we found out above, new ecosystems appear so often and grow so fast that aggregators cannot keep up. TON is confidently in 8th place by trading volume.
Pay attention to Froganas, which were last week's leader, and DMarket with their incredible number of transactions.
All L2 NFT transaction count in this month. Immutable X is still the undisputed leader.
Zora is still the leader in NFT finace category.
NFT lending stats
NFT Lending TVL for all chains in October.
Top-10 NFT lending protocols.
Ethereum NFT Borrow Ranking
Blast NFT Market
Market capitalization increased significantly compared to last month, despite a drop in sales volumes and number of sales.
