📷 Instagram Reveals NFTs Will Be FREE! - 8th 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, Opensea saw a continued decline in trading volume, trading $79.69 million. This huge drop comes as volume drops below $100 million for the first time since Moonbirds launched 3 weeks ago. In the past 24 hours, there has been a mixture of movement. The majority of projects have began to slow bleed as volume declined significantly, with lots of small losses across the boardCryptoPunks saw small losses, with its floor now sitting at 55.97 ETH, down -4.5%. Even though Crypto Punks doesn’t retain the #1 space in NFTs at the moment, it will be tough for holders to see the project drop below 50 ETH after such a strong year of trading activity.Other big projects which continued to see losses include:

• Moonbirds | 22.5 ETH, -7.21%

• Azuki | 21.30 ETH, -8.29%

• Doodles | 19.8 ETH, -9.4%

Both Cool Cats (4.4 ETH, -5.98%) and World of Women (4.6 ETH, -8.55%) have reached levels below 5 ETH that at the start of the year would have seemed unlikely. Since neither project is particularly innovative but both were considered some of the biggest in the space in 2021, it will be fascinating to see how low price can really go before buyers step in.

Biggest Purchases

🥇 #1) Otherdeed #55197 bought for 214.39 ETH ($563,376)| Link

🥈 #2) Autoglyph 209 bought for 175 ETH ($470,192)| Link

🥉 #3) Bored Ape #5959 bought for 145 ETH ($390,219)| Link

Latest NFT News 📰

📷 Instagram, the photo sharing platform by Meta, is planning NFT integration for NFTs on the Ethereum, Polygon, Solana and Flow blockchains, and intends to support MetaMask. News platform Coindesk also confirmed that Instagram will not charge users to display their NFTs, as Twitter did.

Today's Biggest Drops 👀

Lost Eden:Socials: Discord - Twitter When: 8th May 10:00 EST / 15:00 GMTPrice: 0.18 ETH / 8,888Notes: This drop will open as a Dutch Auction after the presale.Hype: 🟩🟩⬛

The NFT Minter Guide to NFTs 💸

Meme of the Day 🤣

Credit: (twitter.com/IcedKnife)

That's all from us! See you next time!

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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.