A brief and concise look at the NFT market over the last 24 hours.

Daily Newsletter

NFT Market Update

The NFT market has seen less trade volume this weekend than before, averaging only around 13 million dollars daily. The trade volume on OpenSea yesterday was down by -4%, with slightly more than 13.1 million traded.

Source: Dune Analytics

Crypto Update

The cryptocurrency market remained stagnant over the weekend, with a slight decline in the overall market cap. The global cryptocurrency market cap was down by -1.2% yesterday, with a total valuation of slightly more than 1.13 trillion dollars. 

Bitcoin is down by -1.8% in the last 24 hours and is trading at $23,356. Ether is down by -0.7% and trading at $1,689.

Source: CoinGecko

Recent Launches and Trending Projects

Rare Apepes

Rare Apepes is a 10k derivative collection inspired by both Bored Ape Yacht Club and Rare Pepes (unaffiliated). 

The project is an intersection of Memes and NFT culture, and it is a collaboration between Rare Labs (an NFT Studio), Jiro (BAYC holder), and kntvlr (Rare Pepes Collector). 

Rare labs is an agency dedicated to NFT digital art design, and it was founded by the OG artist of the crypto community, ‘Rare Designer’. This agency intends to offer the design/illustration service for clients who seek seriousness and commitment in the final product. 

Rare Designer is one of the original creators of art for Rare Pepe’s a cultural phenomenon that has seduced the crypto and NFT world at large.

The Rare Apepe collection first launched on March 5th, 2022, at a mint price of 0.05 ETH. On Jul 31, 2022, after the community’s suggestion and the team’s decision, Rare Apepes was made into a free mint, allowing Rare Apepes to reach the hands of even more people. 

The floor price of Rare Apepes sits at 0.03 ETH at writing, and the collection has seen slightly more than 175 ETH worth of trade volume.

Supply Count: 10,000

Mint Price: 
0.05 ETH (batch one) or free + gas (batch 2)

Current Floor Price: 0.03 ETH

Website: https://www.rareapepeyachtclub.com

Twitter: https://twitter.com/RareApepeYC

Discord: https://discord.com/invite/vC6QY8P9DR


Ugha Bugha

Ugha Bugha is a 5k collection of pixelated cavemen created by three team members who are not doxxed, going by Ugha Baba, Ugha Bobo, and Ugha Agha. 

According to their latest announcement, the team has affirmed that they are not just another degen project.

A Twitter Space event is scheduled to take place sometime later today, where more information regarding the project and roadmap will be shared. 

Ugha Bugha currently has more than 122.6k followers on Twitter and 45.9k members on Discord which is quite a big following. The floor price of Ugha Bugha sits at 0.01 ETH at writing. 

Supply Count: 5,000

Mint Price: 0.0099 ETH

Current Floor Price: 0.01 ETH

Website: https://ughabugha.net/

Twitter: https://twitter.com/UghaBughaNFT

Discord: https://discord.com/invite/ughabugha

OpenSea: https://opensea.io/collection/ughabugha

Big Eye Rebellion

Big Eye Rebellion is a  free-to-mint 10k collection of hand-illustrated one-eyed NFT characters with a core focus on storytelling.

According to its lore, “Viceburg, a remote city, has become financially and morally bankrupt since the latest economic meltdown. The streets are crumbling and brimming with crime and betrayal. And corrupt city officials collude with the underworld boss, trying to snatch citizens’ last penny. 

“Big Eye Rebellion is a clan whose members come from every walk of life. They decide to take on the corruption and degradation, for their suffering seems endless, and they have just had enough. With an eye for an eye as the motto. Big Eye masks as the trademark, and strong egos as the fuel, they choose the path of revenge.”

The floor price of Big Eye Rebellion sits at 0.0067 ETH at writing, and the collection has seen more than 345 ETH worth of trade volume since its launch earlier today. 

Supply Count: 10,000

Mint Price: free + gas

Current Floor Price: 0.0067 ETH

Website: https://bigeyerebellion.world

Twitter: https://twitter.com/BigEyeRebellion

Discord: No Discord

OpenSea: https://opensea.io/collection/big-eye-rebellion

Very Long CNP

Very Long CNP is an 11,111 collection of elongated Crypto Ninjas and friends. 

The Original Crypto Ninjas is a Japanese-based project, and they have multiple collections, including Crypto Ninja, Crypto Ninja Partners, and CNP Jobs, which all have a high supply count. 

Their previous collection launched less than two weeks ago, and earlier today, they just launched yet another ambiguous collection. 

The story behind the Very Long CNP collection is simple. Crypto Ninja Partners’ and ‘Very Long Animals’ met, and an art collection was born. 

The mint price of Very Long CNP was 0.001 ETH, and the current floor price sits at 0.02 ETH at writing.  

Supply Count: 11,111

Mint Price: 0.001 ETH

Current Floor Price: 0.02 ETH

Website: http://mint.verylongcnp.xyz/

Twitter: https://twitter.com/verylongcnp

Discord: https://discord.com/invite/mkQ3Zau4Am

OpenSea: https://opensea.io/collection/very-long-cnp


SubwayRats is a free-to-mint 10k collection of pixelated subway rats which are dynamic collectible NFTs with utility built on Ethereum. 

SubwayRats combines play-to-earn and DeFi staking mechanics using their own Web3-based subway game. 

The current floor price of Subway Rats sits at 0.04 ETH and the collection has seen more than 102 ETH worth of trade volume since its launch earlier today. 

Supply Count: 10,000

Mint Price: free + gas

Current Floor Price: 0.03 ETH

Website: https://subwayrats.io/

Twitter: https://twitter.com/SubwayRatsNft

Discord: https://discord.com/invite/subwayrats

OpenSea: https://opensea.io/collection/subwayrats

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