NFT & Blockchain Gaming Weekly - 📈 Bitcoin ordinal projects rebounce; Ubisoft is developing game on Arbitrum
BTC Ordinal projects surge amid market fears. Ronin audits US$12 million bridge hack after recovering funds. Ubisoft develops Captain Laserhawk on Arbitrum.
Quick Take
Weekly Trend: Over the past week, leading Bitcoin Ordinal projects rebounded despite global market sell-offs and recession fears. NodeMonkes and Bitcoin Puppets saw notable rallies in their floor prices.Â
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Notable NFT News: Ubisoft develops a new game on Arbitrum; Ronin’s bridge is hacked with $12 million lost; Immutable closes its marketplace.
Chart of the Week
Leading Bitcoin Ordinal projects rebounded over the past week despite recent global market sell-offs and recession fears. NodeMonkes, the largest Ordinal project by market cap, recorded US$2.56 million in sales over the last seven days. During this period, its floor price rose by 11.4% to 0.125 BTC. Another popular project, Bitcoin Puppets, saw $2.01 million in sales and floor price climbed by 12.0% to 0.091 BTC in the same period.
Other notable Ordinal collections also experienced price increases, which could be driven by the promotion of an Ordinal profile picture (PFP) project called Airhead from Arthur Hayes.
The following table shows selected top games by weekly volume in USD:
Gaming Token Performance
The total market cap for gaming tokens now stands at $17.89 billion, decreasing by -20.06% from last week.
News Highlights
Ubisoft is developing Captain Laserhawk: The G.A.M.E. on Ethereum Layer-2 Arbitrum, featuring characters from Assassin’s Creed and Rayman. The community-driven project will allow players to influence the narrative through Web3 governance and various challenges.
Ronin’s Ethereum bridge was attacked, resulting in a $12 million loss, but most of the funds have been returned thanks to white hat hackers. Ronin will audit the bridge code and work on improving its security structure to prevent future exploits.
Immutable is closing its Immutable X Marketplace starting 13 August, fully ceasing operations by 27 September, to focus on supporting third-party marketplaces. Users’ NFTs and tokens remain accessible and active across various marketplaces using the Immutable Global Orderbook.
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This is the best time to enter into this market, with these prices there is plenty of opportunities too make profit