📈 $4.5 BILLION Raised To Invest In Web3 - 26th May, 2022

GM and welcome to the NFT Minter Daily - The daily no-bullshit newsletter with everything you need to know about NFTs, from the latest news, market recaps and the hottest mints, in less than 5 minutes! ☕

24hr Market Overview 📈

NFT Market Recap

On Wednesday, Opensea closed with $31.44 million in sales, a slight increase on Tuesday but still sitting inside its range.

It's interesting to watch the monthly volume chart as we head towards the end of the month. In the first week of May, we saw incredible volume coinciding with the Otherdeed launch. However, since the markets crashed in the middle of May, volume has been severely restricted.

Over the past 24 hours, we have seen Goblintown.wtf continue to explode. The project tops the volume charts with 3991 ETH in trades over the past 24 hrs, that's a 900% increase from Tuesday!

Not only did Goblin sales increase drastically, but the price has also rocketed up, with the collection currently sitting at a 1.89 ETH floor. That's a 273% increase in 24 hours!!

The project also hosted a 3hr Q&A yesterday which had over 42k listeners, the funniest part? It was just 3 hours of goblin noises! We highly recommend that you give it a listen. 😂

Wherever Golbintown goes next, we haven't seen this level of community participation in a while and it's great to see.

Boki (0.42 ETH, +125.8%), the project that we mentioned last week, saw a pump immediately after the art was revealed yesterday. This comes as a surprise and fades the recent meta of projects dumping post-art reveal. Boki was the third-highest traded project yesterday with 1,479 ETH in volume, a 1000% increase in 24 hrs!

goblintown and Boki were both outliers, whilst much of the rest of the NFT market retraced, especially this morning as ETH started moving downwards. Just some of the projects which have seen losses this morning include:

• CLONE X | 12.4 ETH, -10.66%

• BEANZ | 1.1 ETH, -15.38%

• Karafuru | 1.34 ETH, -16.2%

• Degen Toonz | 2 ETH, -29.33%

Hopefully, support for ETH holds here. Otherwise, we could be in for more dumping. On the brighter side, it's nice to see individual projects receive surges in volume and price despite overall negative market sentiment.

Biggest Purchases

🥇 #1) Bored Ape #2664 bought for 199.99 ETH ($390,125.06)| Link

🥈 #2) Fidenza #625 bought for 152.69 ETH ($298,956.92)| Link

🥉 #3) Bored Ape #591 bought for 122.9 ETH ($238,846.61)| Link

Latest NFT News 📰

🥁 Sir Ringo Starr has become the first Beatle to launch an NFT collection, called The Creative Mind of a Beatle, consisting of five pieces online each with a starting bid of $1,000. The NFTs will feature one-of-one artwork set to a drum beat specially composed and performed by Sir Ringo.

📈 Prominent crypto and NFT start-up investors, Marc Andreessen and Ben Horowitz's fund, a16z announced the launch of their new $4.5 billion fund that will be used to invest in Web3 start-ups.

Today's Biggest Drops 👀

There's nothing much on our radar today - check back tomorrow, degens! 👻

Meme of the Day 🤣

Credit: (twitter.com/PuffYatty)

That's all from us! Happy minting!

Disclaimer: The NFT Minter Daily DOES NOT provide financial advice. All content within this newsletter is for informational and entertainment purposes only. The NFT Minter Daily is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.