NFTs are dead, right? Nah. Or should we call them digital collectibles?

Or, for Ordinals fans, “inscriptions”? Esports gamer Kyle “Mongraal” Jackson probably calls them the best single payday of his life, having just sold one for the equivalent of US$1.6 million.

The 18-year-old gun Fortnite player has sold his winning “Dookey Dash” NFT key to a scrap-metal billionaire, Adam Weitsman, for 1,000 ETH – which is about US$1.63m at the time of writing.

Dookey Dash is an “infinite runner game” created by Yuga Labs, which is the creator of the Bored Ape Yacht Club (BAYC) NFT/gaming/metaverse ecosystem.

The game, which requires a “Sewer Pass” NFT to play (costing a ridonculous 2.3 ETH floor price, or US$3,700 at time of writing), involves advancing through a sewer-tunnel system as far as you can on some sort of jet bike, or something or other. Here, look…

The game has been part of an integrated BAYC storyline run by Yuga Labs this year, based around the “Trial of Jimmy the Monkey” – a short animated film in which Jimmy accidentally rips open the spacetime continuum by taking “an atomic sh*t”.

Other stuff happens, resulting in Jimmy accidentally (again) swallowing a special key that Jimmy then sharts down the toilet. Hence the Dookey Dash game in search of the key in the sewer. Yep, it’s all stupendously daft… here, watch:

But anyway, the upshot is that this hotshot Fortnite player won the Dookey Dash comp, won the key and can now afford to outright buy a three-bedroom apartment in Sydney. When housing prices dump later this year. Possibly.

Referring to the sale to Weitsman, “Mongraal” said: “Super nice guy and thrilled the sale went through with him.”

Yuga Labs, meanwhile will pocket 5% of the sale in royalties, which translates to 50 ETH – about US$81,500.

Source: OpenSea.io

 

Top 10 overview

With the overall crypto market cap at US$1.11 trillion, down about 1.2% since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

So, that’s all well and good for the Dookey Dash gaming junkie, but what about us long-term Bitcoin and crypto believers/hopium-pipe addicts? How are BTC and pals tracking?

A bit tentatively today, tbh. US stocks closed slightly in the red, the US dollar closed slightly in the green, and so there you have it – that’s how the seemingly never-ending story of crypto/stonks correlation rolls.

The next US Fed FOMC meeting is still about three weeks away, so hopefully – for interest’s sake at the very least – the crypto market can find some other narrative to pin itself to in-between.

The macro horizon looks a little iffy, so you wouldn’t be blamed for treading with a cautious investor’s mindset moving further ahead into 2023. That path doesn’t seem to be too prevalent on the minds of some trader/analysts, however…

 

Uppers and downers: 11–100

Sweeping a market-cap range of about US$10.5 billion to about US$462 million in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)

DAILY PUMPERS

• SingularityNET (AGIX), (market cap: US$602 million) +15%

• ImmutableX (IMX), (mc: US$905 million) +11%

• Toncoin (TON), (mc: US$3.7 billion) +3%

• EOS (EOS), (mc: US$1.26 billion) +3%

• Fetch.ai (FET), (mc: US$462 million) +2%

 

DAILY SLUMPERS

• NEM (XEM), (market cap: US$472 million) -12%

• NEO (NEO), (mc: US$853 million) -9%

• WEMIX (WEMIX), (mc: US$515 million) -9%

• Lido DAO (LDO), (mc: US$2.56 billion) -7%

• Optimism (OP), (mc: US$583 million) -6%

 

Around the blocks

Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.

Meanwhile… play-to-earn crypto gaming. Is it a dead concept? After seeing a steady decline in several projects based on that model, it’s a question we’ve been pondering for a little while.

But, according to former Goldman Sachs analyst Grant Haseley, founder of Web3 zombie shooter Undead Blocks, play to earn is “undead” – as long as you get the tokenomics right.

We enjoyed an absorbing chat with him the other day about it all, which you can read here. In the meantime, his game has just moved out of beta and is ready for players to “kill to earn” some daily pizza money, or maybe even a bit more if you get lucky. But no, you’re not going to make it insanely rich from finding a key crapped out from a monkey, or otherwise, in this game.

 

 

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