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Web3News- May 2022

The crypto market and NFTs are a fast-moving environment. It is as if you wake up in the morning, not knowing what will happen next until you turn on your mobile device or your laptop. So, Sisterhood NFT is here for you to gather all important information related to NFTs and crypto. If you are new to NFTs and crypto or if you just love to browse through different NFT & crypto-related blogs, you are more than welcome to stay and look around. If you like to be alerted about every new post, there will be an integration of a newsletter at some point. I will make an announcement for it on Twitter, once it will happen.

New Releases and New Artists

Sisterhood NFT, as the name indicates, is about a safe space for everyone who is interested in NFTs and crypto. It is a “hood” symbolizing the value of a community, which is driven by the appreciation of humans in general. So values like honesty, encouragement, fun, trustworthiness and acceptance play a major role. Since NFTS live on the relationship between artists and buyers, there will be some representations of artists and their work. Of course, we will try to show the art of artists with meaning and value to the artist and the potential buyer. We would like to increase the visibility of artists, as well as encourage buyers to inform themselves about a variety of art and artists. This blog is not intending to curate art but, since NFTs live of communities, we will try to unite everyone who is interested in NFTs.

Current Trends

Trends in the NFT Space come and go very quickly. We will try to display all important trends that mark the roadmap of NFTS. The last trend is probably the mint-for-free NFT trend. Doesn’t it sound inviting to approach an NFT for free? The minting process on a creator’s website is free, but the gas fees have to be paid. Some may ask why would a creator offer his art for free. If you dig a little deeper, you will see and understand, that most of these free mints also come without a roadmap, discord or utilities. With that being said, it appears to be a good way to earn crypto through royalties. Some projects however start developing a roadmap and utilities after the NFTs have sold out. So the real reason, why free mints exist, could also be a sentimental move because of the depressing bear market, which basically has slowed down sales in general. But these are all just theoretical thoughts. There are a few successful NFTS that have started as free mints. One that outshines all is Goblintown. A project, which is said to have no roadmap, seems to be in the works of publishing one. Two other quite successful mint-for-free NFT projects are Trolltown and I’ll poop it nft.

Market situation

Well, we have been in a bear market the last few weeks. What exactly determines a bear market? A bear market is when the price of an asset continues to decline for a considerable amount of time. Bear markets are markets that dropped 20% from recent highs. We wouldn’t go into details for now, but let’s just say, bear markets can be a bit scary because supply is greater than demand, almost no confidence is left and prices are more on the downtrend. For inexperienced or new people in the NFT space, this can be tricky. However, after every low, comes a high and there are few ways, where a bear market can be of benefit. For a starter, buying in a bear market means buying from a discount, which can save up crypto.

Date	07/06/2022
Time	12.34am
BTC	31.311,40 $
ETH	1.856,23 $

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