NFT Market Update - 3rd May, 2022

Yuga Labs announced they would refund failed gas transactions.

Since the inception of EIP-1559, Otherdeeds has been the sixth largest ETH burner from a single mint.

On Monday afternoon, Azuki teased a date, potentially for the reveal of BEANZ, the collection’s companion project. The price of Beanz increased from 5eth to 6eth+ upon the news.

Speculation about the utility and value of Otherdeeds continues as the community focuses on three types of land.

3-letter ENS domains sold out, and 4-digits continue to spike in demand this week.