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  • 🦉 Would You Buy AI Generated Moonbirds? - 27th May, 2022

🦉 Would You Buy AI Generated Moonbirds? - 27th May, 2022

As well as Opensea's design overhaul and Gary Vee!

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NFT Minter
May 27, 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

Thursday saw Opensea close with $48 million in volume, a small increase in activity from the start of the week. Unfortunately, this raise in trading volume came as ETH started to move lower, and subsequently, people began to panic sell their NFTs once again.

ETH is currently sitting below $1800, with little sign of support. With many other altcoins looking weak, we could be heading into further tough times.

Interestingly, an AI derivative project of the popular Moonbirds collection has been trading consistently high volumes for the past few days.

Whilst the collection has no ties with the original project, it was originally named AI Moonbirds. This caused some confusion amongst the community and led to one of the founders of Moonbirds asking the derivative project to change its name, which they did. The project is now called AINightBirds.

Honestly, they look pretty awesome, and we have seen some really cool traits. The collection traded 2,070 ETH yesterday which makes it the most traded project of the day.

Whilst derivative projects can be fun and this is by far one of the best AI versions of a project that we have seen, you should always be careful with buying a derivative of a big project, as the hype rarely lasts long.

Unfortunately, for much of the rest of the market, it was a day of further pain.

goblintown.wtf which yesterday traded at highs of 2.3 ETH is currently sitting at a 1.4 ETH floor, Showing just how difficult current market conditions currently are.

Meanwhile, Azuki is sitting at 10 ETH, down -18.03% over the past 24 hrs.

Other losses we have seen over the past 24 hrs include:

  • Otherdeed | 2.75 ETH, -6.78%

  • Doodles | 12.44 ETH, -7.16%

  • Karafuru | 0.84 ETH, -37.90%

  • NFT Worlds | 2.75 ETH, -14.06%

It's been another tough day for the markets with little news in the NFT space

Biggest Purchases

🥇 #1)  Bored Ape #5034 bought for 199 ETH ($361,211.94)| Link

🥈 #2)  CryptoPunk 7144 bought for 200 ETH ($352,915.51)| Link

🥉 #3)  Bored Ape #6901 bought for 185 ETH ($337,651.16)| Link

Latest NFT News 📰

🌊 As you might have already noticed yesterday, Opensea has rolled out a large UI overhaul, in order to make the marketplace easier to navigate, 'make it easier to highlight your favorite content, find new stuff from creators you love and discover more NFTs'. 

🏐 Entrepreneur Gary Vee announced that holders of VeeFriends containing the Competitive Clown character or the Pickleball Court background will be eligible to attend the Major Leage Pickleball in Texas this June. Read the official blog post HERE.

Today's Biggest Drops 👀

Kings of Da Street:Socials: Discord - Twitter - WebsiteWhen: 27th May 10:00 EST / 15:00 GMTPrice:  2 SOL / 10,000Notes: Relatively hyped Solana drop - with current Solana prices, they should cost around $80 each.Hype: 🟩🟩⬛

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.