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- 📝 Will the first blockchain gaming handheld be a smash hit?
📝 Will the first blockchain gaming handheld be a smash hit?
PLUS: Dimensionals drops Web3, NFT market slumps in August and more!
Nifty Notes Team
September 06, 2024
In partnership with
GM. This is Nifty Notes, the weekly newsletter that highlights all the major stories across NFTs, web3 and the metaverse.
Here’s what we’ve got for you today:
SuiPlay0×1 opens for pre-orders 🕹️
Dimensionals drops all blockchain features 🚨
August sees NFT market slump to 2024 low 🔻
INSIGHTS: Pudgy Puppets (a parody collection) flew as the connected $XD token rocketed up, PIXELORD’s Cryptomnesia art series rose as interest increased, and Jirasan continued its climb after the announcement of a snapshot. Jungle Bay Ape Club declined as interest cooled, Sugartown Oras lost value as Zynga sold the collection to D20 Labs, and Otherdeed slid after the conclusion of Project Dragon: Episode 2.
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SuiPlay0x1 opens for pre-orders 🕹️
The SuiPlay0x1, a handheld games console that supports both blockchain games and PC titles, is now available for pre-order, priced at $599 USD.
The device features a 7-inch 1080p screen, with 512GB of storage and powerful AMD CPU and GPU components. Wallet setup, funding and asset management will also be possible on-device.
The device aims to rival Valve’s Steam Deck in both pricing and specs, and enters an increasingly competitive handheld gaming market.
Shipping is set to commence in 2025.
Dimensionals drops all blockchain features 🚨
Turn-based rogue-like deck-builder Dimensionals has dropped all of its blockchain features in favour of a web2 model, ending support for its NFT collection.
Numerous elements factored into the decision, including the state of creator royalties, backlash from traditional gaming audiences, and a general decline in NFT prices.
This follows the launch of a non-blockchain version of the game on Steam in March 2024, with Sash MacKinnon, CEO at Mino Games, stating that the average gamer has “a complete and utter rejection of [web3] technology”.
August sees NFT market slump to 2024 low 🔻
Reports have confirmed that August has been the worst month for NFT trading in 2024 so far, with total sales volume of $376.3M USD - a 41% drop from July’s tally.
The number of NFT buyers dropped by 29%, with NFT sellers falling by 17%, with 7.45 million transactions recorded - less than a third than what was seen in March 2024.
Despite this, Mythos bucked the trend with a 14% rise in NFT sales volume, buoyed by preparations for the Year 2 season of officially-licensed sports title NFL Rivals, which launched on September 5.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and always do your own research.