Daily NFT Update - 8th March, 2022

GM! 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 Volume

Opensea volume is down again, even on yesterdays already low figure, closing at $63 million for the day.

Many projects are trading at volumes far lower than 7 days ago, mfers traded 177 ETH, down -57.69% on last week. Other projects which have suffered from a steep decline in trading volume over the past week include Doodles, which traded 255 ETH, down -46.83%, Cool Cats which traded 134 ETH, down -56.60% and even Crypto Punks, which volume has declined -40.77% over the past 7 days.

Despite the decline in volume, Decentraland has found itself some renewed interest with volume increasing by 120% in the past 24 hours and 26% over the past 7 days.

NFT Floor Changes

Bored Ape Yacht Club's floor briefly slipped below 70 ETH yesterday for the first time in a while, as the celebrity hype surrounding the project has cooled off. The project is down nearly 17% in the past week, however the floor was quickly bought up below 70 ETH and the floor now sits at 73.5 ETH.

It's a similar story with most other high volume projects. Clone X - Takashi Murakami (10.85 ETH, -5.64%), Azuki (9.3 ETH, -4.12%) and Cool Cats (6.6 ETH, -9.59%) have all continued their downtrends.

Last week when Doodles floor dropped below 10 ETH, it was quickly rebought. This week it does not appear to be the case, the project is down 9.83% in the past 24hrs, sitting at 9.35 ETH with little attention from buyers.

Biggest Purchases

🥇 #1) Bored Ape #3666 bought for 250 ETH ($634,996.09)| Link

🥈 #2) Ringers #82 bought for 120 ETH ($312,205.83)| Link

🥉 #3) Bored Ape #6147 bought for 105 ETH ($264,249.03)| Link

News

💸Crypto start-up, Immutable, has raised $200 million in its latest round of funding, putting the company value at a whopping $2.5 billion.

🎵The music festival, Tomorrowland is set to be the first ever festival to host an NFT artist. Ape Rave Club (ARC) will be performing and will release a set of ARC NFTs.

💻Draft Kings Partners with Zero Hash to Become Polygon Validator, becoming one of the largest validators on the network.

Today's Biggest Drops

Battlefly Public Mint (Wave 1/2):Socials: Discord - Twitter - WebsiteWhen: 8th March 12:00 EST / 17:00 GMTPrice: 0.0001 MAGIC / 3,000Notes: Battlefly's ongoing public mint is a 'FREE MINT'. You will need 5 $MAGIC in your wallet to mint. Hype: 🟩🟩🟩

Super Ordinary Villains:Socials: Discord - Twitter - WebsiteWhen: 8th March 10:00 EST / 15:00 GMTPrice: 0.1 Ξ / 8,888Notes: N/AHype: 🟩🟩⬛

Land of Karuti:Socials: Discord - Twitter - WebsiteWhen: 8th March 10:00 EST / 15:00 GMTPrice: 0.09 Ξ / 7,777Notes: Only around 1600 places left for the public sale with around 800 minted so far and a 0.069 ETH floor.Hype: 🟩⬛⬛

Meme of the Day

"When u spot crypto going back up 1.3%" - @sartoshi_nft

Credit: (twitter.com/sartoshi_nft)

That's all from us! Happy minting!