In the midst of crypto chaos, the NFT market is basically following swimsuit. We’re right here by rain, sleet and snow (and sunshine, in fact) with our five-day-a-week report shortly overlaying among the temporary tales every day round all issues NFTs.
While the markets at giant proceed to get hammered, Instagram is lastly shifting their toes, and one NFT undertaking that was virtually touching ‘blue chip’ standing, is seemingly at it’s demise mattress. Let’s dive in.
The Nightly Mint
Latest Mint: Instagram Finally Begins NFT Testing?
Meta’s Instagram is finally testing NFT integration, after lengthy hypothesis and dialogue round when and the way we might see non-fungible tokens built-in on the platform. In a tweet announcement, Instagram CEO Adam Mosseri acknowledged that testing would start with “a handful of US creators and collectors who will be able to share NFTs on Instagram,” including that “there will be no fees associated with posting or sharing a digital collectible on IG.”
Related Reading | Shiba Inu: Biggest Dollar Holding Among Wealthiest Ethereum Whales
Facebook's Meta has lengthy tried to combine crypto, blockchain, and different 'Web3' compatibility, with little to no success to present for it. Could NFTs on Instagram change that? | Source: NASDAQ: FB on TradingView.com
Are Azuki’s Done For?
NFT Twitter is taking Azuki’s by the mud as chatter spurred throughout channels that the founder beforehand created a rugged undertaking, Phunks (and different deserted tasks) – which all began from a weblog submit from the pseudonymous founder. The flooring worth virtually reduce in half – and presently sits round 15 ETH (after averaging double that worth earlier this month). Nothing is promised on this house.
The ‘Minty Fresh’ Take
Stay optimistic, and bear in mind to solely danger in these markets what you may afford to lose – in spite of everything, your JPEG isn’t going wherever.
I had this saved. Probably applicable now to share it. pic.twitter.com/wHKbNkYzMt
— Early Adopter NFT 🦊 🟠 (@EarlyAdopterNFT) May 9, 2022
Related Reading | Ethereum Miners Surpass Bitcoin Miner Revenue By $224M
Featured picture from Pexels, Charts from TradingView.com The author of this content material is not related or affiliated with any of the events talked about on this article. This is not monetary recommendation.