A brief and concise summary of events in the NFT space over the weekend.

Daily Newsletter

NFT Market Update

The trading volume on OpenSea has been holding relatively steady over the weekend and it looks like we may have bottomed out for the time being. The daily trading volume on OpenSea yesterday was up +17% for the day with approximately $30.4 million dollars traded.

Source: Dune Analytics

Crypto Update

The global cryptocurrency market cap was looking bearish over the weekend, but we’ve seen a nice resurgence during the last 24 hours, and most major altcoins were in the green.

Bitcoin is up approximately +5.4% in the last 24 hours at $30,597, and Ether is up +6.6% at $1,900. Solana is up +8.5% for the day and trading at $46 while Avalanche is up +10.9% and trading over $27 per AVAX. 

Source: CoinGecko

Project Launches


Elftown.wtf

Elftown was a free-to-mint project inspired by the recent success of goblintown. Elftown seems to be a derivative project that’s promoting elves instead of goblins, but the M.O. seems to be the same: Create an ugly NFT project with zero utility. The current floor price of this collection sits at 0.18 ETH, and this collection is the top trending project in the last 24 hours by sales. There have been more than 1.6k ETH in volume traded at the time of writing which is a spectacular feat for any free to mint project.

Supply Count: 9,999

Mint Price: Free + gas

Current Floor Price: 0.18 ETH

Website: https://elftown.wtf

Twitter: https://twitter.com/elftownwtf

Discord: N/A

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

Toto By Snobs

Toto by Snobs was another degen free-to-mint project that recently took off. Toto has a total supply count of 5,678 NFTs and the project was first minted over the weekend. The floor price of this collection went as high as 0.054 ETH at the top. The collection currently sits at 0.017 ETH, as both the trade volume and floor price for this collection have been falling at a rapid pace.

Supply Count: 5,678

Mint Price: Free + gas

Current Floor Price: 0.017 ETH

Website: https://www.snobverse.com/

Twitter: https://twitter.com/snobverse

Discord: 
https://discord.com/invite/RmUdB3XXda

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

Trolltown.wtf

Trolltown is yet another free-to-mint degen NFT project that was inspired by the recent success of goblintown. The project has no website or utility, and the only project description that they have is, “6,900 trolltown.wtf on eth. We are trolls no goblins.” The floor price of this collection currently sits at 0.01 ETH at the time of writing, and there have been more than 114 ETH in trading volume for this collection since they launched less than 24 hours ago.

Supply Count: 6,900

Mint Price: Free + gas

Current Floor Price: 0.01 ETH

Website: N/A

Twitter: https://twitter.com/trolltownwtf_

Discord: N/A

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

MinionSilhouete

MinionSilhouete (which is misspelled on purpose) is another free-to-mint project that launched during the past weekend. The first mint was free, and each additional mint cost 0.005 ETH + gas with a maximum of 10 mints per wallet. The project has seen more than 258 ETH in trading volume since its launch.

Supply Count: 9,998

Mint Price: 1st mint free + 0.005 ETH (up to 9 more)

Current Floor Price: 0.058 ETH

Website: https://minion-silhouetelfg.com/

Twitter:  https://twitter.com/MinionSilhouete

Discord: N/A

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

REKTGUY

REKTGUY is a free-to-mint project created by @osf_nft and @AlienqueenNFT who are digital artists on Twitter. In order to be eligible for the ‘allowlist’, minters needed to be holding a previous NFT created by either @OSF_NFT or @AlienqueenNFT. The floor price of this collection currently sits at 1 ETH, which is quite extraordinary and not a common occurrence when it comes to free-to-mint projects. The collection has seen more than 4.1k worth of ETH trading volume on OpenSea since its launch around nine days ago. 

Supply Count: 8,814

Mint Price: Free + gas (allowlist only)

Current Floor Price: 1 ETH

Website: https://www.osf.art/rektguy

Twitter: https://twitter.com/osf_nft

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

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

Flippr Access Pass

Flippr Access Pass is the latest trading tool platform to hit the NFT Space. The mint price for this collection ranged from 0.09 ETH to 0.12 ETH, and the tools are scheduled to go live in about a weeks time. The collection was intended to have a max supply of 6k NFTs, but it ended up not selling out and only 4,600 were ever minted. The floor price for this collection sits at 0.23 ETH (at writing), and the community is excited about the many features that are scheduled to be released soon by the Flippr team.

Supply Count: 4,600

Mint Price: WL – 0.09 ETH | Public – 0.12 ETH

Current Floor Price: 0.23 ETH

Website: https://flipprtool.com/

Twitter:  https://twitter.com/FlipprTool

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

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

Trippin’ Ape Tribe

The Trippin’ Ape Tribe is a 10k collection of 2D hand-illustrated monkey NFTs on the Solana blockchain, which was one of the most hyped projects to launch on Solana. Trippin’ Ape began its mint phase for 4 SOL each. The 10k collection of the Trippin Ape Tribe ended up selling out within minutes, and the floor price of this collection shot up to more than 70 SOL at one point. Certain NFTs from the collection sold for as high as 180 SOL and 160 SOL. The floor price of this collection sat at a 53 SOL range on Friday right before the start of the weekend. The current floor price sits at 34.6 SOL, which is about a 33% drop in floor price since last Friday.

Supply Count: 10,000

Mint Price: 4 SOL

Current Floor Price: 34.6 SOL

Website: https://www.trippinapetribe.xyz/

Twitter: https://twitter.com/TrippinApeNFT

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

OpenSea: 
https://opensea.io/collection/trippin-ape-tribe-solana


goblintown.wtf

The goblintown.wtf is a generative art 2D avatar collection of ugly low-browed goblin characters. The project has no roadmap, no Discord, nor any utilities, and it’s quite distinguishable from other cutesy characters which used to be the meta in the NFT space at one point. This free-to-mint project ended up taking NFT world by storm, and the current floor price of this collection sits at a whopping 2.68 ETH at the time of writing. There has been more than 13.4k worth of ETH traded in total volume for this ugly PFP collection.

Supply Count: 9,999

Mint Price: free + gas

Current Floor Price: 2.68 ETH

Website: https://goblintown.wtf/

Twitter: https://twitter.com/elftownwtf

Discord: N/A

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

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