The Nightly Mint: Daily NFT Recap

Share This Post

NFTs continue to stay a relatively cool market, but the Mint is here to keep you tuned in with a daily dose of NFTs. Each weekday, we tune in to some of the biggest stories from the day around NFTs, and a fresh take to hopefully leave you with something to chew on.

Let’s dive in.

The Nightly Mint

BAYC Donates $1M To Ukraine

Bored Ape Yacht Club announced a 389 ETH donation, just over $1M, to the official Ukrainian ETH wallet address. Bored Apes have seen a substantial decline in volume on the thirty day to sixty day comparison, but nonetheless still second in volume according to CryptoSlam, and still coming close to $100M in volume during that time.

Latest Mint: Solana NFTs On Adobe Behance

The latest mint is courtesy of Adobe and it’s product, Behance, which will now integrate Solana NFTs. NFTs on Ethereum were supported as of October last year, and other Adobe products have added NFT integration through a variety of means – such as Photoshop’s ‘Prepare As NFT’ feature.

Related Reading | CryptoPunk NFT Adds To Ukraine’s $33 Million Donation Campaign

Avalanche is the latest protocol to show major investment in the NFT space. | Source: AVAX-USD on TradingView.com

Avalanche’s Latest Financial Commitment Includes NFTs

Avalanche is committing over a quarter of a billion dollars through it’s latest ‘Multiverse’ incentive fund towards GameFi, DeFi, and NFT subnets. Subnets are a major pillar of Avalanche’s unique value-add, and one that the protocol continues to emphasize through it’s partnerships and dealings. Subnets allow Avalanche to avoid a critical Ethereum pitfall in streamlining consensus validation.

The ‘Minty Fresh’ Take

As premier auction houses list NFTs and more projects continue to evolve and grow, it’s important to keep it all in perspective. A lot of times it’s just jpegs – don’t take it too serious.

Related Reading | Ethereum Fees Fall To 6 Month Low As NFT Mania Fades

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.
Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Sky’s Rune Christensen Reveals Star Allocation Proposal—and Possibly a Return to the Old Maker Name

Rune Christensen, founder of Makerdao, has outlined a comprehensive plan for the future of the decentralized finance (defi) ecosystem, highlighting the success of the USDS stablecoin and introducing

Whale Spent $2.5 Million to Buy GOAT as Experts Eye 10X Growth

The post Whale Spent $25 Million to Buy GOAT as Experts Eye 10X Growth appeared first on Coinpedia Fintech News Amid the ongoing struggles in the cryptocurrency market, the recently launched meme

Expert Sets $285,000 Bitcoin Price Target Based On Quantile Model

Sina—a professor, consultant, and co-founder & COO of 21stCapitalcom—is projecting that the Bitcoin price could rise as high as $285,000 by the end of 2025 in a new analysis shared on X

Billionaire Paul Tudor Jones is ‘long’ on Bitcoin and gold to hedge against inflation

Billionaire hedge fund manager Paul Tudor Jones II revealed that he is investing heavily in gold and Bitcoin (BTC) as he expects inflationary pressures will persist regardless of who wins the 2024 US

Paul Tudor Jones Points To Bitcoin And Gold As Shields Against US Inflation Threats

Billionaire hedge fund manager Paul Tudor Jones, CEO of Tudor Investment Corporation, highlighted the growing threat of inflation in a recent interview with CNBC, describing Bitcoin and gold as

BTC Miner Core Scientific Expands Contract With Coreweave, Eyes $8.7B in HPC Revenue

Core Scientific has revealed that Coreweave has chosen to expand its high-performance computing (HPC) infrastructure by another 120 megawatts (MW), pushing the total contracted capacity to around 500