The Nightly Mint: Daily NFT Recap
It was a quiet Friday for the NFT market, but as we close out mid-April, despite a slower number of eye-popping headlines, there is still strong engagement with NFTs. According to Nansen NFT data, April is on-par with March data regarding volume, transactions, and users. Alt-chains such as Terra, Avalanche, Cardano, Solana, and others, are likely eating into market share as their respective NFT markets begin to take shape (to the point where referring to them as “alt-chains” is practically disrespectful).
Let’s close out the week with a refreshing ‘Nightly Mint‘ to head into the weekend.
The Nightly Mint
Latest Mint: Another Congressional Candidate NFT
We’ve seen a handful of potential congressional candidates across the U.S. look at NFTs as a potential fundraising option – but for the most part politicians have been steering away from addressing them publicly. Add another candidate who’s giving the ‘wild west’ landscape a try, Oregon’s Matt West. According to Axios, West has launched a ‘Crypto Beavers’ NFT collection ranging from 0.05 ETH to 1.5 ETH in pricing, and are expected to be released early next week. West, the Democratic candidate, is a Yearn Finance contributor and will release his NFTs on Ethereum.
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Ethereum has been voiced by critics in the general population as one of the most energy-consuming chains available to the NFT market. That didn't slow potential congressional candidate Matt West from utilizing it for his fundraising effort. | Source: ETH-USD on TradingView.com
Emirates Going In Big With NFTs
Emirates is the latest brand to take a splash into NFTs, announcing a new NFT project aimed to address customer service and drive new revenues. The airliner doubled down, adding that their Emirates Pavilion at the Dubai Expo 2020 would be repurposed as an innovation hub aimed to help build future-first products that are involved with blockchain technology, NFTs, and/or Web3.
The ‘Minty Fresh’ Take
There are often a few tell-tale signs of potential NFT rugs. @zachxbt brings an insane cash flow graphic of monies that funneled across various NFT scam projects.
Visualizing a $3.7m NFT project scam ring. The common theme between all of these projects are Fiverr art, fake engagement, high mint prices, & sketchy teams. pic.twitter.com/oMbcr222Jl
— zachxbt (@zachxbt) April 15, 2022
Related Reading | Ripple CEO Optimistic On SEC Case, Why XRP Saw Weak Response
Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.