*Values are presented as per time of writing the article
Last month saw a hefty rise in total sales volume for the NFT marketplace. Having about $20 billion in sales in the last week of March, it was disheartening to see a 15% decrease in sales from mid-April. With total NFT sales dipping to $17.6 million this month, well performing tokens that have displayed a steady demeanour over the months, have now apparently stagnated.
But NFT collectors will surely be ecstatic to know that about $280 million has flown into the market in the form of fresh liquidity – which won’t keep the current declining trend last for long. The recent liquidity may circulate in the form of upcoming collections and brand collaborations. Pumping the NFT market with some much-needed fuel, we are already seeing its effects as the Mutant Ape Yacht Club (MAYC) exhibited a 200% increase over just last week.
With a rapidly increasing number of NFT buyers and collectors, investors are looking to add value to the marketplace and build out an even larger ecosystem. Apart from ecosystem building, some NFT launches are rather focused on proprietary rights and brand value. Below we have taken a closer look at some anticipated collections to be launched soon.
Recently Launched and Upcoming NFTs
- The Moonbirds NFT launched by Kevin Rose’s PROOF Collective, rose by over 390% since it hit the markets and is now trading at nearly $97K i.e, 33.5 ETH Credit for the NFT’s rapid upward trend may be given to the recent liquidity boost. Total volume generated by the Moonbirds have hit an (impressive) $354 million in less than a week, adding to traders’ bewilderment.
- The CloneX NFT has been trading inclusively at a stable pace. But after the MNLTH NFT was airdropped to all CloneX holders, its price surged. The MNLTH, initially a sort of mystery box revealed Nike’s first unique NFT sneakers – Cryptokicks. The sneakers are customizable and come with a DNA vial for coming crypto events. Items achieved are worth at least $26K on burning a single MNLTH.
- Coming to the Nike Cryptokicks, it is the sports apparel company’s first Ethereum-based NFTs. The metaverse wearables are now live and also feature Skin vials for further customization. Named as RTFKT x Nike Dunk Genesis CryptoKicks, Nike forged its own virtual future in the Metaverse by coming forward with these wearable (or so to say) ETH digital sneakers. The sneaker giant acquired RTFKT Studios last December and have since airdropped this NFT pack to MNLTH holders. The MNLTH vaults contain a pair of CryptoKicks, accompanied by a Skin Vial, and a second MNLTH vault. The Vials are collectible and can be used to attune different styles for the accompanying sneakers, according to the holders’ wishes. Recently, a Murakami RTFKT Skin Vial sold for 72 ETH or nearly $212,976.
- If you are an F1 fan, then you will absolutely love this one. The Mercedes-AMG Petronas Motorsports F1 Team has just launched their own NFT collection. The auction starts in about a week from now and feature neon retro-themed artworks that bring their 8 championship cars to the digital marketplace. The winner of the auctions will also receive the physical rear wings that were on the cars of 7-time F1 world champion Lewis Hamilton and George Russell, who is the newest addition to their team this race season. These limited edition NFTs are exclusively designed by artist Mad Dog Jones and the proceeds from the auction will go towards Ignite, a charity that aims to promote greater diversity and inclusion in motorsports.
- The Anata NFT which was launched just a week ago, comes with dynamic features for those users whose anonymity is important to them. Anata comes with 2,000 avatars – each of which use webcams to track and emulate facial expressions as well as movements of the holders and provide an avatar for the user to incorporate. The anime-inspired NFT comes at a time where static profile pictures are dwindling in value and collectors are looking for dynamic features integrated in their tokens that not only provide unique value but bring a sense of proud proprietorship to the holder.
Currently being minted at 0.25 ETH, Anata is being traded below closing auction price on OpenSea for 3.49 ETH. It is limited to only 3 NFTs per wallet and 50% of trade proceeds will go towards its DAO.
- The Aku Mint Pass NFT, deemed to be highly unique, recently increased over 4 ETH. It gives each holder an Akutar and was auctioned at 3.5 ETH, with its closing price at 2.1 ETH. However, it was revealed that their contract was (improperly) written so holders were concerned that they might be vulnerable to security breaches. The developers who later acknowledged their mistake have since distributed all earnings to the bidders and have offered a 0.5 ETH discount to all holders who placed a bid.
- Online P2E virtual game, Ragnarok Labyrinth, have also come up with a PFP collection which is similar to a virtual MMO game. It will feature role-playing, lore and integrate other Web3 features that is sure to appeal to the modern metaverse player. The NFT game will also enable to holders to trade digital real estate and enable players in this play-to-earn game to interact visually and textually. This awaited NFT will be auctioned between 0.5 ETH and 0.1 ETH.
It will be interesting to see which way the pendulum swings with investors looking for new NFT projects that provide dynamic value and pump the marketplace with fresh liquidity.
