Welcome back, Cryptonaire Weekly readers! If you’ve been keeping up with the NFT market, you know it’s been more of a rollercoaster ride than a day at Six Flags. But don’t worry, we’ve got your back. Buckle up as we dive into the latest trends, movers, and shakers in the NFT space. And remember, in the world of crypto, the only constant is change (and the occasional meme coin).
Major Movers and Top Volume Collections:
First up, let’s talk about the big players in the game. DeGods have been making some serious moves, breaking the 10 ETH floor and witnessing a rare sale of 63 ETH. It’s like they’ve been hitting the crypto gym, and those gains are showing. On the other hand, GRIDS by Tristan Rettich have seen a massive 140% pop to 0.41 ETH. It’s like they’ve discovered the secret sauce of the NFT world, and everyone wants a taste.
But let’s not forget about the other players in the game. Goblintown and Checks – VV Editions have also seen significant price increases. It’s like they’ve been quietly working in the background, and now they’re ready to take the spotlight. And let’s not forget about the top volume collections, including BAYC, Azuki, Wrapped Cryptopunks, MAYC, and DeGods. These collections are like the popular kids in school, everyone wants to be them or be with them.
CryptoPunk Burned for OMB Whitelist:
Now, let’s talk about the CryptoPunk that was burned for an OMB whitelist. Yes, you read that right. Someone burned a CryptoPunk, one of the most valuable and sought-after NFTs, to get on an OMB whitelist. It’s like burning a Picasso to get into an exclusive art gallery. It’s a bold move, and it got people talking. But hey, in the world of NFTs, sometimes you have to burn a CryptoPunk to make an omelette.
The Rise of Ordinals:
Next up, we have the rise of Ordinals. Now, this is a new concept in the NFT world, where MVPs are tele burned to celebrate their 1-year anniversary. The details are still mostly TBD, but the supply is 111 and the mint price is “expensive.” It’s like the mysterious new kid who just moved into town, everyone is curious and wants to know more. And who knows, maybe Ordinals will be the next big thing in the NFT world.
The “Goose” Auction at Sotheby’s:
Let’s not forget about the “Goose” that was auctioned off at Sotheby’s for a whopping $6.2M. It’s like the golden goose of the NFT world, laying golden eggs for the lucky owner. This event has generated a lot of buzz in the NFT community and has been a major talking point in the digital art world.
OCM Dimensions Mint Out:
OCM Dimensions, a project by OnChainMonkey, minted out their 300 pieces in just seconds at a 0.08 BTC price. It’s like they’ve got the Midas touch, turning everything they touch into crypto gold. The floor price now sits at 0.67 BTC, including sales of 1 and 1.5 BTC. It’s like they’ve hit the crypto jackpot, and everyone wants a piece of the action.
ZK Shark’s Provocative Punk Burn:
In a move that’s got the NFT community buzzing, ZK Shark, a BTC NFT founder and personality, opened a provocative burn event for the next wave of his OMB project. It’s like he’s playing a high-stakes game of poker, and he’s just gone all in. The catch? You have to burn a CryptoPunk to mint. It’s a bold move, but in the world of NFTs, fortune favours the bold.
PROOF Opens IRL Space “Foundry”:
In a move that’s got everyone talking, PROOF announced a new IRL space called “Foundry by PROOF” in the arts District of downtown LA. It’s like they’ve taken the concept of NFTs and brought it into the real world. This space allows the community to connect with each other and offers artists a place to showcase their work. It’s like they’ve built a bridge between the digital and physical worlds, and everyone wants to cross it.
BlackRock Files for BTC ETF:
In a significant development for the broader crypto market, BlackRock has officially filed to create a Bitcoin ETF. It’s like they’ve just opened the floodgates for mainstream investors to enter the crypto market. This move offers easier access to BTC for the masses and could potentially drive further interest and investment in the crypto and NFT markets.
NFT Market Cooling Off:
According to a report by Altcoin Buzz, the NFT market seems to be cooling off a bit in the first week of June. The total trading volume for this week was $81.71 million, a slight 1.97% decline from the prior week. It’s like the NFT market has decided to take a little summer vacation. But don’t worry, even on vacation, the NFT market is still more exciting than your average 9 to 5 job.
In conclusion, the NFT market is like a wild rollercoaster ride, full of ups, downs, twists, and turns. But despite the volatility, it’s a ride that many are eager to be on. With major movers like DeGods and GRIDS, the burning of a CryptoPunk for an OMB whitelist, the rise of Ordinals, and the auction of the “Goose” at Sotheby’s, the NFT market continues to be a hotbed of activity and innovation. So, buckle up, hold on tight, and enjoy the ride. And remember, in the world of NFTs, the only thing you can expect is the unexpected.