Daily NFT Update - 7th March, 2022

GM! Welcome to the NFT Daily Minter - 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 Volume

Opensea saw a steep decline in trading volume (not unusual for a Sunday, but spurred on by the downturn in the NFT market), with a total of $66.8 million, which is a 43% drop from Saturday with Opensea having it's lowest day in volume since November 2021.

DourDarcels has seen good volume over the past 24 hours, trading 854 ETH with 3,884 sales, DourDarecels are currently sitting at a 0.18 ETH floor which has lifted due to the increased volume.

Candy Digital, the official MLB NFT collection witnessed a huge surge in volume, trading 61.3 ETH up from 0.85 ETH the previous day, after a tweet from Gary Vaynerchuck suggesting that they were a good purchase for those into sports cards.

NFT Floor Changes

A lot of big projects have seen either stagnation in floor prices or a slight decline. This includes Bored Ape Yacht Club (72 ETH, -7.93%), Clone X - Takashi Murakami (11.37 ETH, -3.64%) and Azuki (9.3 ETH, -8.82%).

Gary Vaynerchuk's VeeFriends (17.98 ETH, +0.5%) has managed to largely hold onto its gains over the past week, after a short sell off yesterday was quickly rebought.

Mfers (2.05 ETH, -15.98%) had a red day with 73 total sales, largely wiping out any gains made over the past few days.

A lot of smaller projects have seen floors dropping with very little in sales as people attempt to undercut each other so that they can recover their ETH and remain more liquid.

Biggest Purchases

🥇 #1) Bored Ape #8686 bought for 120 ETH ($312,322.17)| Link

🥈 #2) Bored Ape #6503 bought for 111 ETH ($280,787.85)| Link

🥉 #3) Bored Ape #6002 bought for 85 ETH ($215,430.78)| Link

News

🎵 Sony and Universal Music Group pen a deal with Solana-based NFT marketplace 'Snowcrash' to develop a markeplace for artists.

📰 Papa Johns is doing an NFT giveaway on Tezos. Click here to claim yours.

Today's Biggest Drops

Battlefly Public Mint (Wave 1/2):Socials: Discord - Twitter - WebsiteWhen: 8th March 12:00 EST / 04:59 GMTPrice: 0.0001 MAGIC / 3,000Notes: Battlefly's public mint is a 'FREE MINT'. You will need 5 $MAGIC in your wallet to mint. Hype: 🟩🟩🟩

Heroes of Mavia (Public sale):Socials: Discord - Twitter - WebsiteWhen: 7th March 10:00 EST / 15:00 GMTPrice: 0.3 Ξ / 3,000Notes: You must create an account on the Mavia website. Each user will be able to mint 5 common, 5 rare and 5 legendary lands.Hype: 🟩🟩🟩

Big Time Passes:Socials: Discord - Twitter - WebsiteWhen: 7th March 10:00 EST / 15:00 GMTPrice: 0.15 Ξ / 3,260Notes: The Big Time Passes will release directly on Opensea POLYGON chain.Hype: 🟩🟩⬛

Meme of the Day

A nice reminder of Einstein's Theory of Special Dickbuttivity...

Credit: (twitter.com/sartoshi_nft)

That's all from us! Happy minting!