🤔 Would You Buy NFTs On Spotify?? - 17th 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 we saw Opensea trade $33.92 million in volume, a very similar day to Sunday which was the lowest trading day in 2022. Across the market, many projects saw small retracements although there weren't that many huge moves.

MURI by Haus, an anime project which had struggled during the dumping of last week found support yesterday, with the price pumping 27% up to 0.75 ETH. This came as MURI airdropped holders a land NFT for their metaverse expansion, alongside teasers of a manga in the works and a complete rebrand.

Personally, I'm very bullish on MURI and own one myself. The team is sometimes quite poor at communicating with the community in Discord. However, with the art and project's future plans, if the markets remain stable we could see further growth of the project.

Toxic Skulls Club (0.37 ETH, +70.41%) saw a big surge in activity yesterday, this came as news spread that Neymar Jr had purchased a Toxic skull. Unfortunately, this wasn't the case, he had just been sent one by the dev team. Nevertheless, the project saw a strong pump and so far hasn't retraced much of the move.

Another project which saw a nice pump was DuskBreakers (0.27 ETH, +52.29%). This came as more substantial news was released that the project's parent company had raised funding of $24M in a Series A Round, with funding from FTX and other notable players in the space.

Other movements which we've seen over the past 24 hours include:

• Creepz Genesis | 1.6 ETH, +18.44%

• Quirkies | 2.65 ETH, +10.42%

• RTFKT-MNLTH | 6.69 ETH, +15.34%

• Mutant Ape Yacht Club | 20.20 ETH, -3.34%

Overall, not too many significant movements today. Most of the larger blue-chip projects only saw very small movements as the market is starved of volume. However, it was nice to see some smaller projects witness big gains yesterday which we didn't see much of last week.

Biggest Purchases

🥇 #1)  Bored Ape #3431 bought for 110 ETH ($221,428.08)| Link

🥈 #2)  Bored Ape #1179 bought for 104.88 ETH ($213,065.73)| Link

🥉 #3)  Bored Ape #7340 bought for 104 ETH ($211,660.05)| Link

Latest NFT News 📰

🎵 Global music streaming platform, Spotify, is testing a feature for artists to display their own NFT collections in their app. The platform has announced that they rolled out the first tests for a small amount of users on Android in the US, allowing them to view NFT collections from artists like Steve Aoki and The Wombats.

⚾ America’s Major League Baseball (MLB) has announced a partnership with NFT trading card platform, Sorare, to release a free-to-play, NFT-based baseball game releasing in in summer 2022. Further details are expected to release closer to the launch time! Users can sign up to the waitlist below:

Today's Biggest Drops 👀

Karafuru 3D Dutch Auction:Socials: Discord - Twitter - WebsiteWhen: 17th May 10:00 EST / 15:00 GMTPrice:  0.5 ETH / 15,555Notes: The much-hyped Karafuru's second project is a collaboration with Hypebeast and Atmos. The public launch will have a 4,000 NFT supply and will be a dutch auction format, starting at 0.5 ETH and decreasing by 0.025 ETH every 30 minutes. Minters will be refunded the difference of their bid and the final price.Hype: 🟩🟩🟩

Meme of the Day 🤣

Credit: (twitter.com/Brendelbored)

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.