NFT MARKET UPDATE
The NFT market along with most other financial sectors have been negatively affected due to the recent US consumer price index report showing more signs of inflation and interest rate hikes to come.
The daily trading volume on OS was down 14.6% yesterday, with slightly less than 10.5 million dollars traded.
Source: Dune Analytics
The cryptocurrency market continues to move sideways while on a slight downtrend, The global cryptocurrency market cap was down by -0.6% yesterday, with a valuation of just over $1.03 trillion dollars.
Bitcoin is down by -0.9%, trading at $20,191. Ether is down by -0.5% and trading at $1,593.
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Set In Merge
“Set In Merge” or SIM for short, is a free-to-mint NFT collection of 10,325 NFTs dedicated to #EthereumMerge. The Ethereum Mege is a crucial event that will determine Ethereum’s future for years ahead, and the project is giving people an opportunity to inscribe themselves into ETH history by minting a memorable NFT.
There are several different tiers in the Set in Merge collection. The tier you received depended on what block the NFT was minted. The closer to the first PoS block, the higher tier would be received. For example, NFT minted on the first PoS block is considered superior as it would cost the most gas/transaction fee.
The SIM NFT Collection is digital art where the value of an item lies in its historical significance and rarity. The SIM collection captures a key moment in the history of the entire crypto industry, particularly Ethereum. Only exceptionally lucky people could mint a SIM NFT in the last PoW blocks and the first PoS blocks because of limited block space and imminent gas wars. Whether or not this is a significant value will be determined solely by the NFT space and its collectors.
Since its release earlier today, the collection has seen more than 55 ETH in terms of transaction volume. At this point in time, it is safe to say that the NFT community is giving little to no value to the SIM collection as the current floor price of SIM sits at 0.0078 ETH, which is way less than the amount of ETH that was spent on the gas/transaction fee.
Supply Count: 10,325
Mint Price: free + gas
Current Floor Price: 0.0078 ETH
A R C H E T Y P E S
Archetypes is a collection of 222 continuously evolving NFTs, an AI-based collection created by N8 (a.k.a. Nate_Talbot). Unsold works randomly evolve over time using a combination of VR, 3d Scans, AI, and holograms. Multiple-edition holders are airdropped synthesized/remixed works. This collection explores what art means when genres are combined, aesthetics are synthesized, and how a work’s meaning can change when its form is constantly in flux.
ARCHETYPES explores the idea that AI art engages with the collective consciousness of all of art history. Through combining the aesthetics of artists both living and dead, the project explores what kinds of essential & universal symbols emerge. The mint price for an ARCHETYPES NFT was 0.11 ETH, the floor price of the collection sits at 0.15 ETH at the time of writing, and the collection has seen slightly more than 40 ETH traded since its launch less than 24 hours ago.
Supply Count: 222
Mint Price: 0.11 ETH
Current Floor Price: 0.15 ETH
Website: No Website
Discord: No Discord
Jadu AVA is a collection of 11,111 avatars designed for augmented reality in collaboration with legendary film director/producer Michael Bay. Each AVA has full-body 3D files optimized for AR and other digital worlds. Ownership unlocks full commercial rights & voting power to award hundreds of thousands of dollars from the AVA Community Treasury.
With $44M raised to date, Jadu is a 50-person team of designers, technologists, and creatives building an ever-evolving augmented reality game world. Jadu’s signature gameplay involves controlling a 3D avatar in AR, with the Jadu mobile app that will be released in October 2022 on iOS & Android. The Jadu Mirrorverse is an Augmented Reality game-world built around virtual items owned by its community of players.
The mint price of Jadu AVA was 0.111 ETH, and its current floor price sits at 0.13 ETH. The collection has seen more than 803 ETH traded since its launch last week. There have been more than 436 NFTs sold in the last 24 hours. Jadu AVA’s reveal phase earlier today tanked the collection’s floor price as more and more holders have been undercutting each other and trying to get rid of their Jadu AVA.
Supply Count: 11,000
Mint Price: 0.111 ETH
Current Floor Price: 0.14 ETH