🎮 Square Enix To Create NFTs! - 24th June, 2022

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24hr Market Overview 📈

NFT Market Recap

On Saturday, Opensea traded $15.35 million whilst Magic Eden traded $10.11 million in what was a mostly positive day for the space.

Moonrunners, the free project which launched a couple of days ago once again saw some of the greatest trading volume. Moonrunners briefly hit highs of 0.7 ETH yesterday before settling at a 0.5 ETH floor, this is a 66% increase on yesterday's 0.3 ETH floor.

Moonrunners' art is very reminiscent of Moonbirds. There is also an interesting feature in the smart contract which allows the art to change based on the current real life moon cycle, a pretty cool and unique feature. We're surprised how far these have managed to rally but it's a good sign that there is still money to be made in the NFT space.

Milady Maker's (0.6 ETH, +58.31%), the project which was almost entirely canceled a few weeks ago saw big gains over the past 24 hrs. This came as the project hosted a rave in New York whilst NFT NYC was ongoing, which seems to have gone down as a success.

Unfortunately, the hype surrounding Doodles 2.0 and dooplicators didn't last very long, Doodles (13.5 ETH, -2.88%) continued to bleed lower, whilst dooplicators (2.29 ETH, -22%) saw bigger losses.

Some of the other most notable movements yesterday included:

• Cryptopunks | 66 ETH, +3.21%

• Otherdeed | 2.48 ETH, +3.77%

• Cool Cats | 4.39 ETH, +5.78%

I came across this interesting thread today, which shared some insights into how NFT floors move, definitely worth a quick read.

The TLDR?

When NFT floors go up, they go up a lot. When they go down, they bleed lower slowly.

Biggest Purchases

🥇 #1) Bored Ape #2565 bought for 125 ETH ($152,965.09)| Link

🥈 #2) CryptoPunk 1222 bought for 119.98 ETH ($144,642.93)| Link

🥉 #3) CryptoPunk 8569 bought for 102.99 ETH ($127,845.44)| Link

Latest NFT News 📰

🎮 Square Enix plans to create “story-focused” NFTs, it’s been reported. According to the company’s 2022 Shareholders’ Meeting Report (as reported by michsuzuki,) it plans to continue to integrate blockchain technology into game development.

Today's Biggest Drops 👀

👻 There's nothing worth minting on our radar today - it's been a slow week so keep that capital safe - check back tomorrow!

Meme of the Day 🤣

Credit: (twitter.com/kmoney_69)

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.