A brief and concise overview of the NFT market over the past weekend.

Daily Newsletter

NFT Market Update

The NFT market trading volume on OpenSea continues its bearish trend, and hasn’t seen over $50m daily trading volume since May 14. Daily trading volume on OS was slightly above $33m on both Saturday and Sunday this past weekend. 

Source: Dune 

Crypto Update

The global cryptocurrency market cap has remained relatively stable over the weekend with the total global market cap around the 1.3 trillion dollars range. The global cryptocurrency market was up +5.49% during the last 24 hours with a total market cap of 1.29 trillion dollars, with most major altcoins in the green for the day. 

Bitcoin was up approximately +6.1% in the last 24 hours at $31,391 per BTC, and Ether is up +6.9% at $1,902. Solana and Avalanche have both seen a nice pump as SOL is up +12.4% and trading around $42 while AVAX is up +10.2% and trading around $27.

Source: CoinGecko

Project Launches


Tower of the Occult

Tower of the Occult is a pixelated 2D art project with a total supply count of 7,777 NFTs which was minted less than 24 hours ago on June 4th, 2022. Tower of the Occult is another free-to-mint project taking advantage of the revival of the free mint degen meta which was kickstarted by the recent success of goblintown.wtf. The project purposefully has no website and no Discord, and there is no utility that is attached to this collection. The floor price of this collection sits at 0.03 ETH at the time of writing with more than 660 ETH in trade volume and more than 4,500 transactions on OpenSea. Tower of the Occult is the #1 trending project in the last 24 hours in terms of the number of sales on OS.

Supply Count: 7,777

Mint Price: Free + gas

Current Floor Price: 0.03 ETH

Website: No Website

Twitter: 
https://twitter.com/OccultTower

Discord: No Discord

OpenSea: 
https://opensea.io/collection/tower-of-the-occult

REKTFOLIOS

Rektfolios is a collection of 10,000 wrecked portfolios that are riding the current free-to-mint and the meme train meta. This 10k collection pokes fun at the NFT community and our NFT portfolios which were breaming with riches before we got rekt by the NFT bear market. The collection floor price sits at 0.012 ETH at writing with more than 118 ETH traded on OS since its launch. 

Supply Count: 10,000

Mint Price: Free + gas

Current Floor Price: 0.012 ETH

Website: https://rektfolios.com/

Twitter: https://twitter.com/rektfolios

Discord: No Discord

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

ShitBeast

ShitBeast is a 10k collection of meme-based NFTs with no community, roadmap, or a Discord server. This collection enjoyed a successful launch, being another free-to-mint NFT project that ended up with a lot of hype and momentum. The floor price of this collection sits at 0.21 ETH at writing, and the collection has seen more than 820 ETH of trading volume since its launch in less than 48 hours. 

Supply Count: 10,000

Mint Price: Free + gas

Current Floor Price: 0.21 ETH

Website: https://pieceofshit.wtf/

Twitter: 
https://twitter.com/pieceofshit_wtf

Discord: No Discord

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

Psychonautz

Psychonautz is a generative art collection of 9,999 unique works hand-drawn by Sander Jansen and curated by Gabriel Santos. The floor price of this free-to-mint collection sits at 0.08 ETH at writing and each WL member was allowed to mint up to three NFTs. The collection initially launched on April 23rd, and they recently had their second mint phase on June 3rd. The collection has seen more than 1.1k ETH in total trading volume since its launch with more than 3,170 sales just in the last 24 hours. Each Psychonautz NFT also serves as an access pass to the GBLSTS Alpha Discord server.

Supply Count: 9,999

Mint Price: Free + gas

Current Floor Price: 0.08 ETH

Website: https://psychonautznft.com/

Twitter: 
https://twitter.com/PsychonautzNFT

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

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

Rebels in Disguise

Rebels in Disguise is a collection of 5,555 hand-drawn NFTs that first minted on March 30th for 0.055 ETH and saw little to no trading volume. The project had its second public free-to-mint phase earlier today which ended up selling out while actively reviving the NFT collection from complete obscurity. The collection has since seen more than 3,085 sales transactions just in the last 24 hours where it has seen the most action despite having launched a couple of months prior. 

Supply Count: 5,555

Mint Price: 0.055 ETH -> free

Current Floor Price: 0.047 ETH

Website: https://rebelsindisguise.co/

Twitter: 
https://twitter.com/REBELSinDSGS

Discord: https://discord.gg/pAgSEKsv

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

For The Culture

For The Culture is one of the latest free-to-mint meme projects on the Ethereum Network that has garnered a lot of attention and success. For The Culture (FTC) is a collection of 6,969 meme NFTs without a roadmap or any utility. The project was not only free to mint, but everyone who minted received 0.01 ETH so in a way the collection paid people to mint (minus gas fees). For the Culture has a floor price of 0.3 ETH at writing, and it has seen more than 894 ETH worth of trading volume since launching less than 24 hours ago which is a notable feat, to say the least. 

Supply Count: 6,969

Mint Price: Free + gas

Current Floor Price: 0.3 ETH

Website: https://nftftc.com/

Twitter: 
https://twitter.com/nftftc

Discord: 
https://discord.gg/fortheculture

OpenSea: 
https://opensea.io/collection/ftc-official

Piece of Shit

Piece of Shit is a collection of 10,000 meme-based NFTs, and they are also known as the “I’ll poop it” NFT collection. This collection is inspired by the recent success of goblintown and the artwork as well as their official website gives off a similar vibe. The project was first minted on May 31st, 2022, and the floor price currently sits at 0.52 ETH. The project has no community, Discord, utility, or roadmap that is planned or announced to date. 

Supply Count: 10,000

Mint Price: First 2,000 free and rest for 0.00777 ETH

Current Floor Price: 0.52 ETH

Website: https://pieceofshit.wtf/

Twitter: 
https://twitter.com/pieceofshit_wtf

Discord: No Discord

OpenSea: 
https://opensea.io/collection/pieceofshit-wtf


We Are All Going to Die

‘We Are All Going to Die’ is another degen free-to-mint NFT project with a total circulating supply of 6,666 NFTs. According to their Twitter description, the project has no website, no Twitter, and no roadmap, and instead, only death. Despite the gloomy name, the collection floor price sits at 0.729 ETH at writing, and the collection has seen more than 5.8k worth of trading volume on OpenSea since its launch, making this one of the most successful projects that launched this week. 

Supply Count: 6,666

Mint Price: Free + gas

Current Floor Price: 0.729 ETH

Website: No Website

Twitter: 
https://twitter.com/wagdie_eth

Discord: No Discord

OpenSea: 
https://opensea.io/collection/we-are-all-going-to-die

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June 4, 2022




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