👮 Azuki Founder Returns Millions to RUGGED Projects! - 16th 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

Yesterday, Opensea traded $33.84 million in volume, which is by far the lowest day of volume in 2022 so far. This came as no new projects traded large amounts of volume and existing blue chips saw very little attention from buyers. This resulted in a variety of price movements, with some barely moving at all.

CryptoPunks (54.75 ETH, +11.6%) saw a much-welcomed surge in floor price. The floor had dipped below 50 ETH for a few days, which was alarming for Punk holders who once held the most valuable project in the NFT space but over recent months have watched the price decline. The pump-in floor price started with @KeyboardMonkey3 acquiring 4 punks, followed by Kevin rose acquiring one.

Invisible Friends (4.79 ETH, +29.7%) also saw a strong pump yesterday, Invisible friends are currently running a collaboration with clothing brand Kith. Every day they reveal a new 1/1 Invisible friend wearing Kith's Summer 2022 collection which will be auctioned with proceeds going to charity. This is a pretty cool collaboration, in my opinion. You can see yesterday's below.

Yesterday we also saw Cool Cats lose any of the gains that it had made since its price bounced a couple of days ago, with the floor falling -7.4% to 3.85 ETH. Cool Cats is really in a tricky spot, with most of its hype and momentum gone, it's hard to see any positive solution which could revive the project back to its former glory.

Across the rest of the space, there were a lot of projects which saw very tiny movements as their activity completely dried up. Hopefully, as the market settles, we will see a return in trading activity.

Biggest Purchases

🥇 #1) Autoglyph:108 bought for 169 ETH ($349,280.08)| Link

🥈 #2) CryptoPunk 7901 bought for 155 ETH ($323,158.08)| Link

🥉 #3) Bored Ape #8532 bought for 147 ETH ($312,378.72)| Link

Latest NFT News 📰

👮 Pseudonymous Azuki founder, ZAGABOND, who was recently exposed as the founder of rugged projects Phunks, Zunks and Tendies, announced that all raised funds and project royalties had ben returned to the community. You can read his twitter thread detailing the controversy below:

🧊 Popular NFT tracking site icy.tools announced in a tweet that they had been acquired by blockchain infrastructure company QuickNode. The terms of the deal were not disclosed.

Today's Biggest Drops 👀

Elysium Megagods:Socials: Discord - Twitter - WebsiteWhen: 15th May 10:00 EST / 15:00 GMTPrice: 0.07 ETH / 5,000Notes: NFT Play-2-Earn game, where users can 'Use $GOD Tokens to mint NFT upgrades for your MetaGod to make them stronger or create a New World by building your own virtual utopia'Hype: 🟩🟩⬛

Meme of the Day 🤣

Credit: (twitter.com/IcedKnife)

That's all from us! Happy minting!

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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.