May 17 2022
NFT Market Update
There was a total of 33.9 million dollars traded on OpenSea yesterday, which is barely an increase from the trading volume from the day prior which was at 33.8 million dollars.
There has been an increased amount of FUD (fear, uncertainty, and doubt) in the NFT space, and many investors are tightening down on trading and minting new collections which can be observed by looking at the recent daily trading volume on OpenSea.
Source: Dune Analytics
An uptick for most of the major cryptocurrencies over the last 24 hours. Bitcoin is up 3.3% over the last 24 hours at $30,646 and Ether is up 4.2% at $2,091.
Trending Projects (Mostly Degen Plays)
Not Okay Bears
The “Not Okay Bears” project had its stealth launch less than 24 hours ago, and they are the #1 trending collection on OpenSea since its launch. Not Okay Bears is a derivative art project which has the same art as the Original Okay Bears, except the Not Okay Bears NFTs are facing the other way and reside on the Ethereum blockchain instead of Solana. The mint price for this collection was 0.02 ETH and those who had the courage to mint this derivative project during tumultuous times were handsomely rewarded. Some NFTs from the Not Okay Bears collection sold for as high as 3 ETH, and many other rare traits ended up selling for 2 ETH or more. The current floor price of this collection is sitting at 0.315 ETH at the time of writing which is more than a 1500% profit.
Supply Count: 10,000
WL & Public Mint Price: 0.02 ETH
Current Floor Price: 0.315 ETH
Moon Quacks is a pixelated NFT project that launched its stealth mint earlier today. The project is created by an anonymous team, and it’s a semi derivative project as it copies various traits from some of the most popular projects in the NFT space (most notably Moonbirds). The project does not have a Discord server as of yet, and there is no utility associated with this project whatsoever.
Supply Count: 3,500
WL & Public Mint Price: 0.015 ETH
Current Floor Price: 0.01 ETH
BLVCK Genesis had their reveal phase less than 24 hours ago, and the collection lost 50% of its floor price. The floor price for BLVCK is sitting just above 0.11 ETH at the time of writing which is above 50% of the mint price.
Total Supply: 9,999
Public Mint Price: 0.2 ETH
Current Floor Price: 0.115 ETH
Not Reptilian Renegade
Not Reptilian Renegade seems to be a project launched by the same team behind Not Okay Bears judging from their website and M.O. This project is a derivative of Reptilian Renegade from the Solana blockchain, except they launched on ETH. The first 500 NFTs were free to mint, and the rest were minted for 0.015 ETH. The floor price of this collection is sitting at 0.037 ETH at the time of writing, making this another degen play with high risks involved.
Augminted Labs Scientists
Augminted Labs Scientists is the latest project to be released from the team behind Kaiju Kingz, and it’s free to mint project with a lot of new and interesting features. Those who wish to mint can start out by choosing available traits of their choice. They can choose to pay 0.066 ETH to turn their NFT into an animated NFT, and 0.4 ETH to add special effects to their NFT. Anyone who pays any amount of ETH will also be eligible to get a pro-rated share of profit sharing within the Scientists ecosystem. This project is still in its mint phase and there is still more than 24 hours left before the public mint phase will close.
NFTs to the skies!✈️
Emirates to Leverage Blockchain Tech, the Metaverse and NFTs to Lift-Off Into Web3.
Read the… https://t.co/pT76s29SUV
Do you think Solana NFTs will be the new trend?