Non-Fungible Weekly #8

Are Solana mints oversaturated? Trippin' Ape Tribe breaks the 24hr volume record after mint, GhostKidDAO is taking over Twitter, and Bridgesplit has some big updates coming...

 Bridgesplit Updates...

• Bridgesplit is going through a massive revamp and update... 👀

• We have brought on 3 interns for Solana Summer! 🎉

• Last week we announced our index launches with Drakos Unchained and Metahelix and we are moving into this next week with 3 more partners lined up to launch 🚀

• Our NFT NYC events are nearly finalized and will be announced shortly

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

Trippin Ape Tribe...   

Over 350,000 followers and one of the most anticipated launches in 2022.Trippin' Ape Tribe came out of the gate smashing records with an instant floor price of around 50 SOL and soon after shooting upwards of 85. On top of this, they shattered the 24-hour volume record after mint. In just 5 hours they broke the record at over 200,000 SOL in volume on secondary.How are they doing now? The floor is currently sitting around 30-35 SOL. There has been a little bit of FUD around the project with all of the extreme hype which is to be expected. The team looks to be strong with them consistently showing up on Twitter Spaces and Discord AMAs addressing all of the questions and concerns of the community. As of today, they have airdropped all of their holders "Chorles Sacrifice" which is a magical mushroom to which the utility is unknown. They announced there will be a "Massive" NFT NYC event which is apparently going to show web3 what a real event looks like. We will see how things play out... we have also been informed there will be staking involved utilizing the $TRIBE token.

There are definitely some mixed feelings behind Trippin' Ape Tribe. Will we see the team deliver and establish a blue-chip? Let us know your thoughts over in our Discord!

NFT Market Updates

We are holding steady this past week in the NFT markets

• GhostkidDAO is creating some havoc on Twitter shooting up to a 17 SOL floor

• JustApe and Great Goats are big upcoming mints in the first week of June

• Over on ETH, projects are exploding that have almost no meaning or roadmap - Goblintown, Rektguys, Elftown, etc.

• DeGods, Catalina Whales, Okay Bears, SMB, and Cets are all maintaining

The NFT markets are putting us into an unorthodox time right now. A lot of projects are trying to catch the hype of Okay Bears. Now we have seen projects like JustApe announce a 5 SOL mint price on their 10k collection. We have also seen Great Goats announce their supply and mint price increase moving from 10k to 11.1K and 2 SOL to 2.75 SOL. In the eyes of a regular NFT trader, these are very bold and interesting advances to make. Will these projects use the extra funds to really deliver on their roadmaps or is it a cash grab? Let us know your thoughts!

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