The value of "blue chip" NFT was halved, the transaction volume of a free minted NFT surged, and Nike purchased the ENS domain name again...

The "blue-chip" non-fungible token (NFT) family has seen its floor price and market capitalization decline over the past 30 days, with some of the most high-profile projects losing half their value on these key metrics.

Data collected by DappRadar on key Ethereum NFT projects shows that the reserve prices of well-known NFT series such as CryptoPunks, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC) and Moonbirds have dropped by as much as 55% in 30 days.

Among them, MAYC fell the most, with the floor price falling 55% to 16.7 ether (ETH), $31,300 at the time of writing. The more popular BAYC dropped 47% to 86.7 ETH, around $163,000, and CryptoPunks dropped nearly 49% to 45 ETH, $85,000.

The only rising series is Moonbirds, up 22%, with a floor price of 19.6 ETH, about $37,000 as of press time.

While Moonbirds' floor may still be rising, its market value has fallen 55% to $368 million. The market value of other NFTs also fell, among which MAYC fell the most, falling by more than 71% to below $610 million, BAYC and CryptoPunks fell by 62% and 51% respectively.

Despite the decline in metrics, these NFT series still dominate the top NFT sales of the past 30 days, with the most expensive BAYC NFT sold for 410 ETH on May 5, worth about $1.2 million at the time.

Free casting series tops charts

Released on May 22, Goblintown, a free-to-mint NFT series, now ranks among the top 30 NFT series with a market cap of nearly $50 million.

Although the site says NFTs have "no roadmap, no Discord, no app," according to DappRadar, Goblintown has the second-highest sales at nearly $23 million over the past seven days, beating out Otherdeeds and the Bored Ape Yacht Club Wait for the NFT series.

There are 9,999 leprechauns in the collection, which debuted without any real NFT marketing, publicity, or hype. Goblintown's development team is not well-known, and they often post some seemingly ridiculous and crude tweets through the official Twitter account.

Despite all of these factors, the series has a floor price of 2.7 ETH, or about $5,000, on the NFT marketplace OpenSea. The most expensive NFT in the series sold for 69.4 ETH, or about $130,000.

Nike Buys ENS Domain Again

RTFKT, the Web3 arm of athletic apparel and sneaker giant Nike, has purchased “dotswoosh,” adding an Ethereum Name Service (ENS) domain name. The domain fetched 19.72 ETH, or roughly $37,000 at press time.

While it's unclear what Nike will use the domain name for, the company has been investing in Web3, partnering with RTFKT to create multiple collections of sneaker-based NFTs, and defending its copyright in the NFT space, having used the Nike NFT Distributors of sneakers take to court.

With the purchase of this latest ENS domain name, the total number of ENS domain names owned by Nike reaches 10.

other news

The popular "move-to-earn" NFT game "STEPN" has banned Chinese users from using its app in accordance with Chinese regulations. Mainland Chinese users account for 5% of the total number of users on the platform, and the founder of "STEPN" said that the move will not have a significant impact on the company's financial situation.

After the developer of a Solana-based NFT game raised its royalties to 98% on a batch of NFTs stolen in a Discord hack-phishing scam, the gaming community paid the scammers back. Community members bought back the NFTs and returned them to their original owners, while the hackers made a pitiful 2% profit on each unit sold.