The inflation numbers are in, and it was better than expected as inflation slowed down to 8.5% when in June, US inflation reached a year 40-year high of 9.1%. Anytime the actual inflation numbers are better than expected, this is usually bullish for various financial sectors such as cryptocurrencies and NFTs.
Source: NBC National News
NFT Market Update
The NFT market has been pumping for the second day in a row, largely due to the aforementioned macroeconomic factors. Yesterday, we saw the highest trade volume on OS in more than two months as the volume on OS was up by +21.5% from the day before, with slightly more than 25.5 million traded.
Source: Dune Analytics
Most major altcoins and cryptocurrencies are in the green for the day. The global cryptocurrency market cap was up by +6.8% yesterday, with a total valuation of slightly more than 1.2 trillion dollars.
Bitcoin is up by +6.5% and trading at $24,368. Ether is up by +12.5% and trading at $1,882.
Recent Launches and Trending Projects
Onigiri Pepes is a collection of 6,198 Pepes created by an OG Rare Pepe artist from 2017 by the name of ONI-GIRI.
The collection combines hints of Japanese culture, eye-popping colors, and the undeniable allure of Pepe himself. There is no utility and no roadmap — only the finest Onigiri Pepes.
Onigiri Pepes first minted on July 7th at a price of 0.03 ETH. After the reveal phase, the collection picked up steam as the NFT community noticed that “each NFT has incredibly unique and insane traits.”.
The floor price of the collection stayed stagnant until last week when the collection floor price rose from 0.03 ETH all the way up to 0.09 ETH, where it currently sits.
Supply Count: 6,198
Mint Price: 0.03 ETH
Current Floor Price: 0.09 ETH
8liens is a free-to-mint collection of 10k pixelated alien NFTs. The 8liens collection has no secondary market royalties; instead, 10% of the collection is split amongst four founders. Another 10% of the collection will be locked for one year in their treasury for development purposes.
All 8liens will be CC0, excluding the 1/1 pieces, which will be determined individually by each artist. The 8liens has no roadmap, and it is purely NFT art inspired by the CryptoPunks collection.
The current floor price of 8liens sits at 0.47 ETH, and the collection has seen more than 2.6k ETH worth of trade volume since its launch approximately three days ago.
Supply Count: 10,000
Mint Price: free + gas
Current Floor Price: 0.47 ETH
Shellz Orb is a collection of 9,000 incredibly detailed hand-illustrated PFPs based on a unique and fictional storyline of mutant turtles created by an NFT team from Japan. The purpose of the Shellz Orb collection is to make Web3 within arm’s reach of every person on earth.
The Shellz Orb team has been giving 40 whitelist spots weekly to the NFT community, which began in May. Thanks to their diligent organic marketing efforts, the team has been able to amass more than 82.3k followers on Twitter, and the entire collection sold out in less than three hours.
The official Discord server for Shellz Orb is currently closed to prevent its community from any potential exploits and scams.
The Shellz Orb collection floor price currently sits at 0.11 ETH, which is slightly above the initial mint price, and the collection has seen more than 481 ETH of trade volume since launching less than 24 hours ago, making this project one of the top trending collections of the day.
Supply Count: 9,000
Mint Price: 0.089 ETH
Current Floor Price: 0.11 ETH
Moodies by Hanuka
Moodies by Hanuka is a 7,401-piece collection from award-winning artists, Asaf and Tomer Hanuka, which is their first ever Fine Art PFP, and a first-ever emotional mint where people were allowed to “pay what they felt” as the mint fee.
The Moodies is a generative art project visualizing a wide array of emotions through symbols, references from pop culture, and story-telling. There are 32 pure souls in the collection that each come with a signed print. The 32 pure souls are the building blocks of the entire collection.
“Moodies by Hanuka is a culture shock, a paradigm shift in how we talk about and allow ourselves to be comfortable with our thoughts, emotions, and feelings.. It’s a mess to be human… but it’s also beautiful. . Welcome to Moodies by Hanuka. #WEAREALLMOODIES #WAGMOOD”
The Moodies by Hanuka collection gained a lot of traction once word hit the streets that a Yuga Labs founder and the OpenSea team follow the artists behind the project.
Upon additional research, it was further revealed that one of the creators was featured on MoMA and is currently working with Netflix on a new TV show with AMC based on one of his earlier graphic novels.
The current floor price of Moodies by Hanuka sits at 0.16 ETH, and the collection has seen more than 770 ETH of trade volume since its launch approximately three days ago.
Supply Count: 7.401
Mint Price: “Pay What You Feel”
Current Floor Price: 0.16 ETH
DigiDaigaku is a free-to-mint collection of 2m022 unique anime-style characters developed by Limit Break, a company founded by world-famous game designers Gabriel Leydon and Halbert Nakagawa.
Currently, DigiDaigaku characters live in a mysterious world unknown to outsiders, but in time, exciting details about their world will be revealed.
Halbert Nakagawa (MZ Co-Founder) and Gabriel Leydon started a new Web3 gaming company called Limit Break, receiving funding from Josh Buckly and Matt Huang from Paradigm and Alok Vasudev at Standard Crypto.
The NFT community has been hyped about investing into projects that are affiliated with venture capital groups, a trend that began with the success of the Moonbirds collection which was backed by VCs from the Web2 space.
The floor price of the DigiDaigaku collection peaked at more than 2.3 ETH, but since then, the collection has seen a retracement, and the current floor price sits at 1.68 ETH at writing. The collection has seen more than 734 ETH of trade volume since its launch less than 24 hours ago.
Supply Count: 2,022
Mint Price: free + gas
Current Floor Price: 1.68 ETH
Read more: https://t.co/wuSbJ4enyN
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