We’ve had a brief hiatus from our Nightly Mint NFT recaps, but not to worry – we’re back on the wagon. While there’s been plenty of commotion over the past couple weeks during our quick break (yes I’m looking at you goblintown, and you, milady’s), we’re unfortunately going to skip past some of that and stick to the program: covering each day’s latest in a bite-sized report.
As we kick off a closing week in May, let’s look some of Monday’s NFT activity.
The Nightly Mint
We’ve heard for quite some time now some brief details around eBay’s interest in engaging with crypto and non-fungible tokens, but little has come to life – until now. The company’s initial release, in partnership with OneOf, has finally debuted – featuring “animated interpretations of Sports Illustrated covers of iconic athletes,” starting with hockey legend Wayne Gretzky.
Related Reading | FTX Token Becomes Second-Largest Holdings Among Ethereum Whales
Ethereum NFTs continue to be the undisputed leader, despite continually emerging challengers. | Source: ETH-USD on TradingView.com
Ethereum continues to be the NFT gold standard, despite emerging chains such as Solana that are gaining ground (courtesy of Okay Bears and the like). Now we’re seeing competitors come out of left field, and in comes GameStop with their first look at an Ethereum-based wallet today.
The beta version has launched and is available to the public, following a formal announcement from the firm.
The ‘Minty Fresh’ Take
Can music NFTs turn the corner? The industry’s lack of innovation around financial models would seem to suggest so… but consumer adoption and integration will undoubtedly take time.
Spotify is 16 years old, billions invested, went public making investors a boatload, barely turns a profit. No new ideas.
Still vaunted as the most plausible future model for music.
Opensea likely makes 9 figures profit yearly. Artists happy.
When does the narrative shift?
— Mat Dryhurst (@matdryhurst) May 23, 2022
Related Reading | Fed Report: 12% Of American Adults Invested In Crypto In 2021
Featured image from Pexels, Charts from TradingView.comThe writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
The World Bank has issued a €100 million digital bond on Euroclear's blockchain platform, marking the debut of Euroclear's Digital Securities Issuance service.
JasperRicardo Salinas advocates for Bitcoin as an inflation-resistant alternative to conventional banks.
Hui XinLegal counsel representing Binance and CZ contended that the CFTC's legal actions could be interpreted as an effort to assume a role akin to the "world’s derivatives police."
Kikyo
AlexBinance has responded to the U.S. Commodity Futures Trading Commission (CFTC) in a court filing, asserting that the CFTC's attempt to regulate global cryptocurrency activities goes beyond its jurisdiction.
JasperThe heightened US restrictions on AI chips are impacting not just China's innovation but also the European Union.
Hui XinInjective's collaboration with Google Cloud opens a new chapter in Web3 finance by integrating its blockchain data into BigQuery. This alliance promises to accelerate mainstream adoption of decentralised technologies.
YouQuanTottenham Hotspur is based in White Hart Lane, North London. Reports by Socios reveal that their ecosystem has disbursed over $400 million to the global sports industry, nurturing increased fan engagement and interaction.
BrianMastercard believes that inincorporating a payments card into wallet providers' offerings can significantly boost the number of active users
AlexCrypto wallets serve as the digital equivalents of traditional bank accounts, but it is the undeniable truth that using a crypto wallet is a double-edged sword.
Catherine