NFT Morning Minute | Feeling Woolish
Good morning!
Take a minute to catch up on the latest in the web3 space. Here are today's NFT market analysis, top movers, and upcoming mints:
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Tyler Warner's NFT Market Summary
Monday was a slower day in the NFT markets, recording about 17,000 ETH in trading volume across marketplaces - the lowest in 10 days. But one project is catching major steam even in the volume downturn, and that is Wolf Game.
Wolf Game started heating up at the end of last week, with the end of the Alpha Game and Snowfro buying a rare Wolf for 77 ETH. Then Saturday the first part of the Woolpaper dropped, and the market started trending up. Well, it's in full steam now, with all of the project floors in the green, led by Farmers at 0.83 ETH (+43%) and Land at 0.5 ETH (+11%). The game's token, $WOOL, did fall about 40 percent from peak local highs around $0.06, now $0.043. Now all eyes turn to the release of the second part of the Woolpaper and the launch of The Full Game (expected soon).
The Gutter Cat Gang was another winner on the day, up to 2.48 ETH (+35%). Doodles Dooplicator jumped to 0.96 ETH (+20%) on a new roadmap announcement from the Doodles team, stating that the Dooplicators utility will be shared in Jan. 2023, Genesis Boxes will be revealed shortly after, and then Doodles 2 Beta will launch sometime in 2023. The Doodles floor was unchanged on the day, at 6.62 ETH. Colorspace was the big winner in Art Blocks world, jumping almost 100 percent to 1.86 ETH.
Trump NFTs continue their slow decline, now at 0.25 ETH (-15%). The OpenSea Polygon volume chart from this past weekend looks eerily similar to the few days of the Reddit NFT pump, where volume spiked off the charts for a few days and then returned to normal. Without extra liquidity in the Polygon market, it's hard to see the 45,000 Trump NFT set able to hold its floor (even if half still cannot be sold due to lack of gas).
In major NFT news, Yuga Labs hired a new CEO from Activision Blizzard. Daniel Alegre will replace Nicole Muniz, who will stay on as an advisor. Alegre has 16 years of experience at Google in a variety of positions before moving to Blizzard where he worked on Call of Duty, Diablo, Candy Crush, and World of Warcraft.
Elsewhere in Web3, Polygon has partnered with neo-bank hi to launch a Web3 debit card allowing both crypto and fiat payment at 90M merchants worldwide. And RTFKT partnered with Division Street to benefit University of Oregon student-athletes with 291 AR Helmet digital collectibles.
NFT Total Volume*
- Bored Ape Yacht Club (2,454 ETH, 64.2 ETH Floor Price)
- Moonbirds (1,258 ETH, 7.63 ETH Floor Price)
- Doodles (1,239 ETH, 6.62 ETH Floor Price)
- Azuki (1,175 ETH, 11.75 ETH Floor Price)
- Otherdeed (1,019 ETH, 1.3 ETH Floor Price)
NFT Floor Price Increase*
- Colorspace (96%, 1.86 ETH Floor Price)
- Wolfgame - Farmer (43%, 0.83 ETH Floor Price)
- Gutter Cat Gang (37%, 2.48 ETH)
- Dooplicator (20%, 0.96 ETH)
- Mutant Hound Collars (10%, 0.63 ETH Floor Price)
- Wolf Game - Land (11%, 0.5 ETH Floor Price)
NFT Floor Price Decrease*
- Meta Monopoly (-30%, 0.77 ETH Floor Price)
- Invisible Friends (-17%, 1.5 ETH Floor Price)
- COCKPUNCH (-11%, 0.67 ETH Floor Price)
- Keungz Genesis (-8%, 11 ETH Floor Price)
- Cel Mates (-12%, 0.35 ETH Floor Price)
Upcoming NFT Mints and Reveals
- NFL ALL DAY: Immaculate Reception (12:00 p.m. ET)
- Scottie Pippen Sneaker NFT Collection (2:00 p.m. ET)
- Seasons of Gangland (3:00 p.m. ET)
It's a lighter day of drops today, headlined by Scottie Pippen's virtual kicks drop. They're a bit pricey at 0.2 ETH, but they have just 1,000 supply. It will be worth watching to see how they move, though they seem to be priced pretty efficiently, so it's tough to see a ton of upside.
Otherwise, expect more editions (and open editions) to drop, as it is full-on OE SZN right now. Yesterday saw Jak and Neurocolor make notable edition drops, and look for more artists to capitalize on the momentum created by Lascaux.
For all volume and floor price data, see Lucky Trader's Project Rankings page.
For all upcoming mints, see Lucky Trader's Project Schedule page.
*data retrieved at 8:00 a.m. ET. Volume and percentages are based on the last 24 hours. Notable projects are included, typically with a 0.25 ETH minimum on the projects listed in this roundup.
