OpenSea Running Dry
0x162F
August 29th, 2022

Due to the ongoing BendDAO NFT liquidity crisis, NFT marketplaces are feeling the rippling effects from it.  OpenSea, arguably the most popular NFT marketplace, has seen a 99% drop in trading volume, from its' last highest volume set back on May 1st.  Volumes this low might suggest a looming NFT bubble about to burst with users' interest waning in digital collectibles, coupled with Ethereum's prices dropping in parallel.

All of us who own NFT's have felt the pinch here.  I've lost an estimated 80% peak value across my NFT portfolio.  However, what I've been getting into recently is free minting!  There are plenty of projects out there that are looking to mint for free, in order to gain popularity afterwards.  A great place to start looking is on NFT Mint Radar, where there's a calendar of free mints.  As always, exercise caution when minting anything.  Some projects might seem valid, but can employ rug pulls easily.  Check their Twitter/Discord accounts to make sure they are on the up and up!

Written by: nikethereum.eth / Medium / Mirror

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