Lately, the NFT market has been experiencing a lull.
Following a minor recovery after a recent market crash, there hasn’t been any significant new developments. Revisiting the same projects repeatedly is getting tedious.
However, despite this static phase, there are a few exciting opportunities worth discussing, particularly around Ether and Memeland.
Ether’s Mint Fiasco
Unsurprisingly, Ether’s recent mint attempt was unsuccessful, which is disappointing considering the project’s promising art and dedicated team. When the secondary floor price matches the mint price, it’s virtually impossible to sell 3,500 NFTs with no apparent benefits for the buyers.
The floor price on Blur has fallen to 0.47. However, it seems to be undergoing a V-shaped recovery purely based on speculation since there’s no official statement about their plans.
Memeland Pre-sale Insights
In other news, Memeland finally shared some details about their pre-sale allocation based on the assets held by individuals.
For instance, owning a human Captain earns you one spot, while owning an MVP secures 12 spots. Interestingly, holders of MVPs, Potatoes, and Captains are also eligible for the Meme coin airdrop.
The slight decrease in Captain’s floor might not be directly related to this news, but it does bring an ongoing staking issue to light: staked NFTs can be listed but not sold for up to three hours.
Promising Projects: Garbage Friends and Pluto
There aren’t many upcoming projects on Ether that I’m particularly excited about.
However, Garbage Friends continually releases low-supply collections that seem to perform well. Their recent mystery drop sold out in just one minute!
NFT Market Update: Fatzuki, Ether, Pudgy Penguins, Art Blocks, Terraforms, CryptoPunk
As for Polygon NFTs, the spotlight is on the Pluto project set to mint this week. This project’s success could be pivotal for Polygon’s future.
Exploring Airdrops and Dew Names
Also noteworthy is the recent announcement of the Dew Name mint. It promises a variety of benefits for those who trade on their platform. The only way to qualify for the Dew airdrop is by owning one of these new names.
The ideal strategy to maximize rewards is to own the shortest name possible with a good letter combination.
While the NFT market might be in a standstill, there are always exciting developments and opportunities to explore, from project mints to potential airdrops. Make sure to stay informed and keep exploring your options.
Note: This is not financial advice, Always do your own research. The crypto market can be highly volatile and unpredictable, so always invest wisely.