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Daily NFT/Crypto Market Update: Free Mint, Fintech Gear, and Massive Haul

Daily NFT/Crypto Market Update 11/16/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

The market was pretty boring again today, but we did see some small losses in the crypto market. BTC has dipped down to 16.5k and ETH is just below 1.2k. NFTs continue to

1/ see low volume, however, we have seen the occasional hyped mint that does well. Overall, however, I think that the market sentiment is still bearish, so I would be especially careful right now.

2/ Degen/free mint of the day: FREENFTs

FreeNFT @igorlenterman is a 6969 collection that led the market in total sales today. Garnering close to 5000 sales on secondary, this project sits at a current floor of close to 0.02 ETH.

3/ These FreeNFT @igorlenterman collectibles are launch tickets commemorating FreeNFT's launch day. FreeNFT is the world's first home for free mints where projects can sell their NFTs on one unified platform. This is a cool idea that may be worth the watch.

4/ HOMA GAMES MINT

@HomaGames began their mint a couple of hours ago and it is already doing well. This free mint has got over 1200 sales on secondary and has been hovering between a 0.1-0.15 ETH floor. Homa Games is a leading game publisher building a world of

5/ interconnected games around the genesis @HomaGames Gang. This is a VC funded project that will pretty much just get its income from royalties right now so this is worth a watch to see how they continue to build.

6/ ADIDAS VIRTUAL GEAR

@adidas has been making metaverse moves recently and their latest one was their Adidas Virtual Gear collection. To reveal these, holders needed to burn their Capsule and they would get 1/16 new digital wearables.

7/ These are meant to be worn by virtual avatars and they are proof of @adidas's">@adidass desire to fully immerse themselves in the metaverse which is very bullish. This is great and I would recommend keeping an eye on these large Web 2 companies trying to break into the space.

8/ ANTI ROYALTY PROJECTS??

Something that we have begun to see recently is the blacklisting of other marketplaces such as X2Y2 and Blur thanks to their no-royalties policy. We begun to see this more popularly with Japanese NFTs solely allowing trades on @opensea but we

9/ recently saw this with @HomaGames too. This is a big development that has already created changes with @blur_io as they have begun to enforce royalties too.

10/ OVERALL THOUGHTS

The markets are still dry as ever but profit is still possible. For crypto traders, shorts and futures have been hitting (although they are maximum risk), and for NFT investors, hyped mints like Homa continue to give fanatics profit.

11/ If you play your cards right, money is still to be made in Web 3, just don't let your emotions control your decisions. As always, thanks for reading and have a great day Kings. Follow if you enjoyed! 💵👑

This post is based on this twitter thread.

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