🤠 Epic Games Lists First NFT Game!- 8th June, 2022

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24hr Market Overview 📈

NFT Market Recap

On Tuesday Opensea traded $26.02 million, a slight decrease from Monday but still within the range that has formed over the past few weeks.

We Are All Going To Die was the most traded project on Ethereum over the past 24 hours, with 1,454 ETH in volume, the floor also increased slightly to 1.399 ETH, a 23% increase from yesterday.

Yesterday we saw the project and holders burn a number of the collection. The project has a burn mechanism that allows holders to sacrifice their NFTs. Furthermore, we saw Opensea delist the project, which was coincidentally timed with 200 NFTs being burnt.

Some speculated that this was a marketing move, with the project posting a cryptic tweet before the delisting. However, they have since been relisted on Opensea.

I was digging further into the project today and came across their official wiki page, which you can check out below. They're definitely taking an interesting approach with building such a solid and mysterious lore which feels refreshing although I'm not sure how long the hype can last in current market conditions.

Taking a look at the rest of the most traded projects over the past 24 hours, we see a lot of derivative projects and low-quality goblintown clones which we don't expect to have a long life cycle. This includes projects such as pablos.lol, troll-town.wtf, and begin as nothing.

The biggest project which launched yesterday was Just Ape, which currently sits at a 7.4 SOL floor. There was a lot of hate surrounding the project, which charged 5 SOL to initially mint and was mostly taken up by whitelist spots.

We are definitely seeing a slow down in momentum with Solana projects. Over the past few months, if you had a whitelist spot you were guaranteed solid profits, but with so many projects being churned out in such a short space of time, these profits are shrinking with every launch.

Biggest Purchases

🥇 #1)  Otherdeed #95607 bought for 135 ETH ($250,798.78)| Link

🥈 #2)  Bored Ape #3796 bought for 125.69 ETH ($233,502.03)| Link

🥉 #3)  Bored Ape #1717 bought for 127 ETH ($226,642.56)| Link

Latest NFT News 📰

🤠 Epic Games announces plans to list Web3 gaming company Gala Games’ wild west, free-to-play shooter, GRIT, to their Epic Games store. This will make it the first NFT based game on the platform!

☀️ “It’s Always Sunny in Philadelphia” actor and British football club owner Rob McElhenney announced that he plans to launch an Ethereum based 'Web3 Writers' Room', where Rob and the members will 'co-create characters and stories and share in the royalties and revenue with NFT holders'.

Today's Biggest Drops 👀

Hello Pantha:Socials: Discord - Twitter - WebsiteWhen: 7th June 19:20 EST / 22:20 GMTPrice:  2.5 SOL / 10,001Notes: Hello Pantha will be launching on Magic Eden's launchpad HERE.Hype: 🟩⬛⬛

Meme of the Day 🤣

Credit: (twitter.com/rektguyNFT)

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.