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- 💰 Immutable X Commits $500 MILLION To Web3!- 20th June, 2022
💰 Immutable X Commits $500 MILLION To Web3!- 20th June, 2022
As well as Inventing Anna and Bored Ape Sales!
NFT Minter
June 20, 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! ☕
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24hr Market Overview 📈
NFT Market Recap
Over the weekend we saw two days of flat trading volume, with $16.75 million in sales on Saturday and $15.61 million in sales on Sunday.
Cryptopunks (68 ETH, +10.12%) saw solid gains as the co-founder of Yuga Labs which acquired punks earlier in the year tweeted some updates. The team is bringing on Noah Davis (@NonFungibleNoah) to work full time as the brand lead for the project. Noah has a solid record in the art world, previously bringing NFTs to the world-famous Christies auction house.
Punks, art, and other news 🧵
— Garga.eth (@CryptoGarga)
6:03 PM • Jun 19, 2022
There has been some controversy surrounding the move. Whilst this is a great step forward for the project and Noah is a great addition to the team. There was unusually large trading volume in the 24 hours leading up to the announcement, with the floor price increasing by over 30%. We have seen similar activity before previous Yuga Labs announcements, suggesting that some people close to Yuga Labs are insider trading.
An abnormally high spike of crypto punk sales was witnessed a day prior to the announcement by Yuga Labs and punks. Is regulation the only way to prevent insider trading from ruining the market? #punks#nft#crypto
— NFTspike_io (@NFTspike_io)
8:33 PM • Jun 19, 2022
Elsewhere, much of the NFT market was green, just some of the price movements that we saw in the past 24 hours include:
Bored Ape Yacht Club | 92 ETH, +5.95%
Otherdeed | 2.39 ETH, +7.66%
Doodles | 12.55 ETH, +14.09%
Meebits | 4.95 ETH, +24.06%
Azuki | 9.99 ETH, +3.52%
Biggest Purchases
🥇 #1) CryptoPunk 6634 bought for 350 ETH ($370,120.89)| Link
🥈 #2) CryptoPunk 8713 bought for 230 ETH ($236,524.12)| Link
🥉 #3) CryptoPunk 7023 bought for 146 ETH ($154,538.01)| Link
Latest NFT News 📰
💰 According to Decrypt, Immutable, the firm behind the layer-2 scaling solution for Ethereum, announced the launch of a $500 million fund to boost developer adoption of the platform. The Immutable Ventures fund will invest in and provide grants to projects that build on Immutable X using a mix of IMX tokens and cash in partnership with an array of VC funds and ecosystem allies
Today's Biggest Drops 👀
👻 There's nothing worth minting on our radar today - check back tomorrow!
Meme of the Day 🤣
Credit: (twitter.com/The__Solstice)
That's all from us! Enjoy your weekend!
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.