The NFT “Blue-chip” collections of nonfungible tokens ( ) have seen their market capitalization and floor prices drop over the past 30 Days, with some of most well-recognized project’s values halving for these key metrics.
Data from DappRadar shows that the floor prices for established collections like CryptoPunks and Mutant Ape Yacht Clubs (BAYC), Moonbirds (MAYC) are only down about 55% in 30 days.
The MAYC is the most affected of the four, with the floor price falling 55% to 16.7ETH ($31,000.300). Popular BAYC has dropped 47% to 86.7ETH ($163,000), while CryptoPunks has fallen by nearly 49% to 45ETH ($85,000).
Moonbirds, up 22% and with a 19.6 ETH floor cost, approximately $37,000, was the only collection that gained in the month.
Although the Moonbirds’ floor price is up, its market capital has dropped 55% to $368million. Other losses have also been felt, with the MAYC falling more than 71% to below $610 million. BAYC was down 62%, and CryptoPunks fell 51%.
Despite falling metrics, the collections continue to dominate NFT sales in the last 30 days. The most expensive was a BAYC NFT that sold for 410ETH on May 5th, worth approximately $1.2 million.
Tops the charts: Free-to-mint collection
Goblintown, a free-to-mint NFT Collection that was launched May 22nd, now has a market cap of nearly $50 million and is among the top 30 NFT collections.
The website states that NFTs do not have a roadmap. No Discord. No utility.” Goblintown is second in volume at almost $23 million over the past seven days according to DappRadar. This beats out collections like Otherdeeds or the Bored Ape Yacht Club.
The 9999 “goblins”, which were released without any marketing or fanfare, debuted without the usual hype-building that NFT projects require. Goblintown’s team is unknown and posts often bizarre and crude tweets via the official Twitter account.
aaauuuugggg numbur one pic.twitter.com/eLGl6ASJXI
— goblintown.wtf (@goblintownwtf)
May 22, 2022
The floor price for the collection was 2.7ETH, or about $5,000 on the NFT marketplace OpenSea as of writing. was the most expensive NFT that was sold from this collection, fetching around $130,000 or 69.4ETH.
Imagine spending months working on a NFT project, building collabs with the largest projects/alpha groups and getting 200K followers engagement farming giveaways. Then, after mint everyone bricks the ground under the mint price
goblintown: free mint, no collabs, no WL, no discord pic.twitter.com/bMiJoWufyg
— ashrobin (@ashrobinqt).
May 22, 2022
Nike acquires the ENS domain
RTFKT, the Web3 arm Nike’s sneaker giant, has added an Ethereum Name Service domain to its repertoire. purchasing “dotswoosh.eth”, for 19.72ETH, or about $37,000
Related: NFT 2.0 – The next generation NFTs will be more efficient and trustworthy
While it is not clear what Nike will do with the domain, the company has been actively investing in HTML3 through the creation multiple sneaker-based NFT collections using RTFKT. It has also defended its claim to this space by taking a reseller for Nike NFT sneakers to court.
With the purchase of the latest ENS domain, the total number of ENS domains owned by the company has now reached ten.
More Nifty News
Stepn, a popular game that allows you to earn NFT by moving to earn money, has removed users from China from its app in order to comply with Chinese regulations. Stepn’s founder stated that the move would not have any significant impact on the company’s finances.
After the developer of the game raised 98% royalties on a series of NFTs that were stolen from a Discord hack-phishing scam, the community for a Solana ( SOOL)-based NFT game has paid back the scammer. The hacker earned a pitiful 2% per sale while the community bought back the NFTs.