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- ☕ Daily gm. Otherside minted. NFT floors rising.
☕ Daily gm. Otherside minted. NFT floors rising.
Was the Otherside launch the biggest opportunity to buy the dip??
Gm gm,
So the biggest mint in NFT history is done, gas burned, lessons learned. And as expected, we now see only Kodas and lands all over NFT Twitter.
The opposite happened for everyone who was worried that Yuga would take all the liquidity out of the market, and many “Non-Yuga” collections are now experiencing a big rise in floors.
Enjoy today’s overview!
ENS 3 and 4-digits domains are still hot. A few days ago, I wrote in “☕ Daily gm. 3-digits ENS for life” about how people are willing to spend 0.5 ETH for 4-digits and 5 ETH for 3-digits ENS domains. This is not stopping, and people now pay almost four times more than they did before the Otherside drop. Holders are betting on the future utility and scarcity. Congrats if you sniped any!👏
We were all focused on the @OthersideMeta drop when the real alpha was to mint 3 and 4 digit ENS names. Down bad from fading that one. A few weeks ago it cost around 0.1 ETH to mint a 3 digit ENS name. Today the floor is 20 ETH. That’s a 200 X
Welcome to crypto 😂💀
— Renegademaster.eth 🫡 (@renegademasterr)
4:51 PM • May 2, 2022
Otherside was the biggest mint in NFT history. $318 million from the primary sale. $510 million in total secondary volume traded. $180 million in gas fees burned. Roughly $550k worth of ETH was burned every ~12 seconds for about 3 hours. Yuga apologized, refunded people with failed transactions, and suggested they are moving to their own blockchain in the future. The current floor is 4.2 ETH. OpenSea collection here.
Image: Daily volume traded on OpenSea
Non-Yuga NFT collections are ON again.🔥 Doodles broke 22 ETH floor without any announcement. CyberBrokers up 79% past 24 hours. Coolmans up 42%. And many others. Was the Otherside launch the biggest opportunity to buy the dip??
the entire NFT market is on 🔥
Doodles up 28%
WoW Galaxy up 30%
CyberBrokers up 43%
Moonbirds up 8%
Cool Cats up 18%
CyberKongs up 16%
Cryptoadz up 8%
Otherdeed 43%
Azuki up 11%
Murukami up 11%is this the start of a major bull market?
— Puff 🍄 (@PuffYachty)
5:46 PM • May 1, 2022
Now we can start thinking about other #NFTs again!
@doodles@CyberBrokers_@RTFKT@AzukiOfficial@AkuDreams@The_Picaroons@worldofwomennft@nftworldsNFT@Worldwide_WEB3@arcadedotinc & so many more 🚀
Let's watch @OthersideMeta's volume head back towards other #NFT projects
— Pranksy 📦 (@pranksy)
7:09 AM • May 1, 2022
OpenSea has done $3.5 billion in trading volume in April. The market experienced a ton of consolidation in April. The biggest NFT collections were thriving while the mid-caps and small-caps were experiencing a downtrend. The market moves in cycles, so let’s see how this month goes.💪
Image: Monthly volume traded on OpenSea
NFT Worlds airdropped Avatar Whitelist Passes to their holders. Each whitelist pass allows the holder to mint one NFT Worlds Genesis Avatar on May 4th for 0.4 ETH. The current floor of Passes is 0.6 ETH.
Whitelist Passes for the NFT Worlds Genesis Avatars mint have been airdropped
Passes can be traded on OpenSea here (0% Royalty): opensea.io/assets/0x52a0a…
For EACH whitelist pass you hold you can mint one Genesis Avatar for 0.4eth on May 4th.
Public Mint is May 5th @ 1 Eth (DA)
— HYTOPIA (@HYTOPIAgg)
6:29 AM • May 2, 2022
Beanz by Azuki reveal is scheduled for May 5th. Azuki just tweeted “5.5.22,” and Beanz almost doubled and hit 7 ETH floor. Let’s go! Collection here.
.@ChiruLabs is building an incredible brand with Azuki, producing some of the best Avatar design in the space
Imagine they'll do the same with Beanz
I'm ready for the reveal
— Andrew Kang (@Rewkang)
1:48 PM • May 2, 2022
Hot NFTs
Source: Nansen.ai
Crypto Watchlist
Tweets of the day
We can’t verify if this person is trolling or is really the second largest Otherside holder and Murakami Flowers bot. But the story is crazy… initially inspiring, and then “wtf”.. Type into comments what do you think about🙌
Have an awesome Monday!
- beast
Disclaimer: This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.
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