NiftyNoon: Ether Continues to Struggle in the Market
Ether's market struggles continue despite its former status as the most hyped mint of 2023 (July 13, 2023)
Nifty Thought
Ether’s solution to their struggles to mint out were unconventional. They shifted their mint to a dutch auction and airdropped more Ether capsules to current holders as compensation. They also raised their royalties from 5% to 7.5% which are currently being enforced by both Blur and OpenSea. The increase in royalties was particularly upsetting for many in the NFT community. Furthermore, although the Ether art was wildly lauded prior to its mint, the actual reveal of the NFT art was met with much more mixed criticism. The biggest point of concern was the picture’s messiness when viewed in a small view (such as when viewed as a profile picture).
Overall, the fall of Ether has been sad for many fans of the project to witness. As mentioned previously, the biggest takeaway for all of this is simply that timing in the NFT market is everything. Vii, the project’s founder, and his team can still utilize the $1 million they raised to attempt to right the ship but it will be a long and arduous road ahead.
Highlighted News
ETHER announce they will be airdropping every holder 1 Free Ether Capsule per 1 Ether Capsule held:
https://twitter.com/ether/status/1679004070538018816?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
While the Ether mint has fallen short of the team's expectations, they have already made around 550 ETH ($1,040,000) between royalties (~55 ETH) and mint (495 ETH):
https://twitter.com/punk9059/status/1679110398874624000?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
ETHER share reasoning for Fair Dutch Auction and outlines its details:
https://twitter.com/ether/status/1679139189646925830?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Moonbirds Mythics collection will be created in real-time as many are able to choose which Mythic to mint and which they'll pass up:
Starcatchers share Burn To Create Launch Date- July 17th:
https://twitter.com/starcatchersnft/status/1678877394487189505?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
81 new Squiggles minted today:
https://twitter.com/artonblockchain/status/1679133894073778177?s=61&t=Pb8Xhna7S6BWVnRHiLanrg
Discover the money that might be waiting for you by easily checking all the offers on your NFTs across all marketplaces right in Rainbow:
The Google Play Store will now allow apps and games that incorporate NFTs onto its platform:
Over the last 30 days, Rollbit’s 1000x Crypto Futures has broken yet another record- $72.2B in volume:
‘Breathe It In’ by @joepease sold to @dmitricherniak for 50 ETH:
Quick Stats:
OpenSea ETH Daily Volume: 1,877 ETH (▲ 18.21%)
Blur ETH Daily Volume: 6,829 ETH (▼ 10.06%)
BTC: $30,533.15 (▼ 0.75%)
ETH: $1,880.48 (▼ 0.59%)
Solana: $22.26 (▼ 0.95%)
Polygon: $0.76 (▲ 2.42%)
NFT Daily Winners:
🏴☠️ Captainz: 5.58 ETH (▲ 10.17%)
🧝🏼♀️ DigiDaigaku: 3.10 ETH (▲ 3.36%)
⛩️ Azuki: 6.85 ETH (▲ 0.44%)
🏳️🌈 Chromie Squiggles: 9.65 ETH (► 0.00%)
🥃 Proof Collective: 6.69 ETH (► 0.00%)
🐈⬛ VeeFriends: 1.82 ETH (► 0.00%)
NFT Daily Losers:
🥔 Potatoz: 1.60 ETH (▼ 0.62%)
🦧 Bored Ape Yacht Club: 33.75 ETH (▼ 0.74%)
🚬 CryptoPunks: 49.99 ETH (▼ 0.89%)
🧬 Clone X: 1.72 ETH (▼ 1.71%)
🐧 Pudgy Penguins: 3.79 ETH (▼ 1.81%)
🦉 Moonbirds: 1.74 ETH (▼ 2.09%)
🧟 Mutant Ape Yacht Club: 6.42 ETH (▼ 2.68%)
🌈 Doodles: 1.54 ETH (▼ 5.98%)
Notes:
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