Non-Fungible Weekly #11

NFT NYC is finally here! One of the premier NFT events of the year kicks off this week. Primates swings past other simian communities to claim the top spot for current monkey mints. How long can they remain king ape?

 Bridgesplit Updates...

• We will be releasing our beta very shortly. The app is going through bug testing and fixes and is just about ready for release!

• Bridgesplit is sponsoring an event with MonkeDAO and Project Serum at NFT NYC 🏙

• Last week we announced our index launch with Kreechures

• We are actively looking for a Head of Marketing! If you think you can fill that role, please reach out to [email protected] or apply here.

• Also, If you are a collection looking to get launched on our app, let us know!

Primates

Primates minted out their 10K collection on 6/14.  They came out to a humble start on secondary under the 4 SOL mint price. The NFT space can be unforgiving, and many people quickly wrote the project off. They were able to maintain, though, and within a day, the floor price began to climb. It seems the combination of art and community engagement was enough to catch people's eye. Five days after mint, Primates hit an ATH of 38 SOL. In the current economic climate, minting a 10K collection at a 4 SOL price is commendable enough, but reaching past many OG projects in a matter of days speaks volumes about the collective power of the community.

The team has managed to build a community base to work with, at least temporarily. Their current plan appears to be along the same lines as Okay Bears, Great Goats, and Just Ape. Web3 collaborations merging with real-world businesses. Currently in the form of merch. If the Primates team wants to retain their position as the head ape of new monkey mints, they will need to provide reasons for their community to stick with them. 

Primates have followed a blueprint that has worked tremendously well for some projects, like Okay Bears, and disastrously for others. In NFTs, the meta changes quickly along with investor sentiments.  What will Primates do differently to stand out? Will they seize this small window of opportunity or will they give way to the next monkey mint?

NFT Market Updates

Primates rocket from a 1 SOL floor to over 38 🚀 (Now 20) 

Solana Monkey Business climbs from 144 SOL to 200+ with monkedao news.

Catalina Whale Mixers drops from 140 to 62 after Bubblegoose Ballers mint.

Projects like Okay Bears, Trippin Ape Tribe, Cets on Creck, Famous Fox Federation, OG Atadians, etc are all just riding the wave of the bear market - Slowly decreasing but holding steady. As we see a bit of green, we have to wonder if this is going to lead us to a bit of a rally or are we headed even lower. In these market conditions, it is pretty hard to predict where we are headed. Let us know your thoughts on if we are headed up or down from here!

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