A brief and concise summary of events in the NFT space over the last 24 hours.

Daily Newsletter

NFT Market Update

It’s continuing the same narrative that we’ve been seeing all week – low volume under $50 million with less action than what we’ve been used to seeing. Currently, the cryptocurrency market has been showing a lot of traction during the past 48 hours, and on the other hand, the NFT market has been looking relatively slow. 

The daily trading volume on OpenSea yesterday was down -14.7% for the day with approximately $26 million dollars traded.

Source: Dune Analytics

Crypto Update

The global cryptocurrency market has been seeing a positive resurgence during the last two days, and most major altcoins have been up and in the green. The market is hopeful that we may have bottomed out, and the global cryptocurrency market cap today is 1.31 trillion (up 2.7% from the day before). 

Bitcoin is up approximately +2.7% in the last 24 hours at $31,546 per BTC, and Ether is up +3.2% at $1,966.

Source: CoinGecko

Launched and Trending Projects


Cheebs NFT

‘Cheebs’ is a community-focused NFT collection of cutesy and colorful generative characters on the Ethereum network, with a total supply of 10,000 NFTs. The project was initially planning to have a paid mint but, due to the current NFT market conditions, they decided to go with a free mint launch instead. Everyone was allowed up to three NFTs at a time with no max limit and, needless to say, the entire 10k collection sold out in a matter of minutes. The floor price of Cheebs sat around the 0.015 ETH range right before the reveal took place. Since then the collection has seen a massive sell-off, and the floor price dropped to as low as 0.008 ETH earlier today, but it has since then picked back up. The floor price sits at 0.015 ETH at writing. 

Supply Count: 10,000

Mint Price: Free + gas

Current Floor Price: 0.015 ETH

Website: https://cheebsnft.com/

Twitter: https://twitter.com/cheebsnft

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

OpenSea: 
https://opensea.io/collection/cheebs-nft-official

UNSEEN UNIVERSE

UNSEEN UNIVERSE is a collaboration between OMR and Audi raising funds for UNO-Flüchtlingshilfe, the national partner of UNHCR in Germany. The collection was first minted on May 27th and any remaining NFTs were sold earlier today during their public sale phase. The collection had a modest mint cost of 0.05 ETH and since its release has seen more than 743 ETH worth of trading volume. The floor price sits at 0.113 ETH at writing.

Supply Count: 7,000

Mint Price: 0.05 ETH

Current Floor Price: 0.113 ETH

Website: 
https://the-art-of-progress.com/

Twitter: N/A

Discord: 
https://discord.gg/unseenuniverse

OpenSea: 
https://opensea.io/collection/unseen-universe-official

Memurs

Memurs is a collection of 4,444 NFTs on Ethereum with no roadmap, no Discord, no utility, and instead, just cute art and memes. The floor price of this collection sits at 0.025 ETH at writing, but previously saw its floor price reach as high as 0.1 ETH. This free to mint collection saw more than 300 ETH of trading volume since its launch, but since then the trading volume has dropped off significantly.

Supply Count: 4,444

Mint Price: Free + gas

Current Floor Price: 0.069 ETH

Website: https://memursnft.com/

Twitter: 
https://twitter.com/MemursNFT

Discord: N/A

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

Tigerbob

Tigerbob is a brand based on handmade tiger designs by Gossamer Rozen who is a renowned tattoo artist who is famous for his tiger tattoo designs. There are a total of 1,000 NFTs in this pixelated NFT collection, and the mint phase was only open to allow listed members for 0.25 ETH each. Since its mint phase a few days prior, this collection has been garnering a lot of attention as the current floor price for the Tigerbob collection sits at 2.03 ETH which is approximately 8x its mint price. 

Supply Count: 1,000

Mint Price: 0.25 ETH

Current Floor Price: 2.03 ETH

Website: https://tigerbob.io/

Twitter: 
https://twitter.com/tigerbobnft

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

OpenSea: 
https://opensea.io/collection/tigerbobnft-genesis

Elftown.wtf

Elftown was a free-to-mint project inspired by the recent success of goblintown. Elftown is a derivative project that promoted elves instead of goblins, but the M.O. was quite similar to goblintown: Create an ugly NFT project with zero utility. The current floor price of this collection sits at 0.076 ETH at writing, but just 24 hours ago it was sitting at 0.21 ETH. Many people who got in late got ‘rekt’ as the collection floor price dropped to as low as 0.03 earlier today. Since then the floor price has picked back fractionally to 0.04 ETH.

Supply Count: 9,999

Mint Price: Free + gas

Current Floor Price: 0.04 ETH

Website: https://elftown.wtf

Twitter: 
https://twitter.com/elftownwtf

Discord: N/A

OpenSea: 
https://opensea.io/collection/elftown-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 480 ETH in trading volume since its launch, and the current floor price is around 0.024 ETH.

Supply Count: 9,980

Mint Price: 1 free + up to 9 for 0.005 ETH

Current Floor Price: 0.024 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 dropped significantly in the last 24 hours dropping from 1.069 ETH to 0.85 ETH where it currently sits. This collection has seen more than 4.6k ETH worth of trading volume since its launch which is an incredible feat for a free-to-mint project.

Supply Count: 8,801

Mint Price: Free + gas

Current Floor Price: 0.85 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

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