📈 Binance Invests $500 MILLION Into Web3- 6th June, 2022

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24hr Market Overview 📈

NFT Market Recap

NFT market volume remained consistent over the weekend, with Opensea trading in its $30 - $40 million daily range. Closing with $33.39 million on Saturday and $33.15 million on Sunday. Meanwhile, over on Solana, Magic Eden traded $16 million yesterday, up from $10 million on Saturday.

goblintown.wtf has witnessed turbulent price action over the weekend after peaking at highs of 8+ ETH last week. On Saturday, the project dropped to lows of 3.8 ETH before bouncing yesterday, the collection now currently sits at a 5.68 ETH floor. This came as Beeples newest daily art was based on the collection.

We are all going to die also saw a turbulent weekend, after executing a similar marketing style to the Goblins. The project was a free mint which exploded in popularity over the weekend peaking at a floor of 1.8 ETH, the floor has since dropped and hovers arond 0.7 ETH. Much of the initial hype which caused an explosion of volume on Saturday has since dropped off, with the collections trading volume down -70% on Sunday.

Murakami.Flowers Seed (5.67 ETH, +54.6%) saw a strong day of gains, this came with news that the project would be conducting an airdrop for holders, this was originally announced on Takashi Murakami's Instagram as there is no official Twitter account for the project.

Elsewhere, most of the other ETH projects which traded with solid volume over the past day were those trying to replicate goblintowns success with similar marketing styles. This includes ShitBeast which saw a +843% increase in volume and currently sits at a 0.19 ETH floor, and Tower of the Occult which traded over 650 ETH in the past 24 hrs.

Like mentioned previously, most of these copycat projects can be fun to trade but we wouldn't recommend holding onto them long term unless you were lucky enough to catch the free mint.

Over on Solana the most interesting moves that we saw were:

• Great Goats | 5.65 SOL, +36.13% (launched yesterday, floor lower than expected)

• SHROUD | 16.47 SOL, +153.38%

• Trippin' Ape Tribe | 22.9 SOL, -11.92%

• FatCats Capital | 4 SOL, +14.29%

Biggest Purchases

🥇 #1) Bored Ape #7725 bought for 189.9 ETH ($345,315.84)| Link

🥈 #2) Bored Ape #4890 bought for 185.69 ETH ($337,659.38)| Link

🥉 #3) Bored Ape #6281 bought for 141 ETH ($256,395.92)| Link

Latest NFT News 📰

🐵 Gordon Goner, one of the co-founders of the blue chip NFT giant Bored Ape Yacht Club yesterday took aim at Discord over twitter after its server was exploited and NFTs worth 200 ETH (~$350,000) were stolen from community members.

📈 Over the weekend, crypto trading exchange Binance announced the launch of their $500 million web3 development fund, backed by multiple high level venture capital firms.

Today's Biggest Drops 👀

Vandal City:Socials: Discord (CLOSED) - Twitter - WebsiteWhen: 6th June 13:45 EST / 18:45 GMTPrice: 3 SOL / 10,000Notes: A web3 Poker/Magic: The Gathering style game, with NFT cards.Hype: 🟩🟩⬛

CatBlox:Socials: Discord - Twitter - WebsiteWhen: 6th June 10:00 EST / 15:00 GMTPrice: 0.2 ETH / 2,500Notes: A capsule collection being released by CatBlox and sports brand, Puma.Hype: 🟩⬛⬛

Meme of the Day 🤣

Credit: (twitter.com/plum_eth)

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.