The Nightly Mint: Daily NFT Recap
04 May 2022 - 2:06PM
NEWSBTC
The NFT chaos continues. From more mainstream outlets citing an
impending doomsday, to Yuga Labs discourse flying high, and more
exchange marketplaces emerging – it’s a high-flying debacle to
start this week. The Nightly Mint Latest Mint: Kraken NFT
Marketplace Move aside, Coinbase NFT? Traditional cryptocurrency
exchanges are continuing to show interest and investment around
building their own NFT marketplaces, chomping at the bit to chip
into OpenSea’s market dominance. The latest to do so today was
Kraken, who opened up their waitlist for beta usage. The exchange
has said that users will not incur any gas fees for NFTs on the
platform. The exchange joins the likes of Coinbase, who opened up
their beta release last month, and FTX, who began their marketplace
tools late last year. Related Reading | Demand For Polkadot Slumps;
Where’s It Headed Next? Yuga Labs has faced a fair share of
criticism since last weekend's metaverse land release, and it's
native APE token hasn't been a bright light since the release,
either. | Source: APE-USD on TradingView.com The Yuga Labs
Discourse While @NFTethics on Twitter has seen a fair share of
criticism from the NFT community for ‘reaching’ at time, and many
have accused the content of essentially content farming, there is
certainly something worth considering around some of the latest
posts regarding Yuga Labs. The posts come after a heavy barrage of
criticism over the past three to four days around Yuga Labs
handling, and subsequent messaging, over their ‘The Overside’
metaverse release. ‘Otherdeeds’ are taking a beating as well, with
mainstream outlets like Bloomberg covering a bit of the chaos
today. Improbable is the company creating Yuga Labs metaverse. They
have contracts with the US & UK army, and at the same time
received a lot of funding from Saudi Arabia & UAE (via
SoftBank's Vision Fund), both large arms importers. They also made
$150m loss and a16z is on their board. pic.twitter.com/7ClnmpaCcK —
NFT Ethics (@NFTethics) May 3, 2022 The ‘Minty Fresh’ Take A lot of
traditional media has cited the “beginning of the end” of NFTs for…
months on end. Nansen’s Alex Svanevik rebuttals aptly. Is this the
beginning of the end of @WSJ? pic.twitter.com/FQF5os9POv — Alex
Svanevik🐧 (@ASvanevik) May 3, 2022 Related Reading | Experts Say
Ethereum Will Grow 100% To Hit $5,783 By Year-End 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.
Polkadot (COIN:DOTUSD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Polkadot (COIN:DOTUSD)
Historical Stock Chart
From Apr 2023 to Apr 2024