Forget the rumor mill, we’re here for the mint mill. South By Southwest (SXSW) is the latest festival to be host to an abundance of NFTs. Disney and Dapper Labs found themselves in the same sentence with rumors floating left and right over the weekend, and an announcement that followed today. And in other news, Solana-based marketplace Magic Eden closed a Series A funding round, collecting $27M in the process.
It’s a few of the biggest stories in NFTs from Monday, March 14. Let’s dive in.
The Nightly Mint
Latest Mint: SXSW Flooded With NFTs
South By Southwest (SXSW) started nearly 40 years ago, and what started as a festival celebrating music, film, and media has evolved to ingrain much more verticals of broader ‘culture.’ It’s hard to think of a word more mentioned in a sentence with ‘culture’ over the past year than NFTs, and NFTs have managed to make a splash at SXSW in recent days.
Doodles were ever-present, and even traditional brands were releasing NFTs at the festival this year. Digital characters, crypto-focused panels, and blockchain-related interactive experiences all made their way to the festival.
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Flow-based Genies had a major announcement to start the week - but the hype on crypto Twitter over the weekend set higher expectations. | Source: FLOW-USD on TradingView.com
Disney And Dapper Rumors Fall Short
Crypto Twitter was flooded over the weekend with rumors left and right about a potential Disney acquisition. That came up a bit short from the high-flying expectations, with an actual announcement today being that Dapper Labs’ product Genies was bringing on ex-Disney exec Bob Iger to their board of directors.
BOB IGER LADIES AND GENTLEMEN
We’re thrilled to officially bring on @RobertIger to our Board of Directors as he joins our mission to empower people to create their own avatar ecosystems https://t.co/584bPahW9V
— GENIES (@genies) March 14, 2022
Also floating in the Disney / NFT news was Disney’s latest ‘Pixar Pals’ release, in partnership with VeVe, swiftly sell out today.
The ‘Minty Fresh’ Take
We still have so far to go. Today’s ‘minty fresh’ take is a friendly reminder of just that. There’s still substantial efficiency that can improve the user experience in NFTs – and crypto at large – across many and most ecosystems. Remain patient as builders do what they do best.
“oh crypto UX isn’t that bad”
the crypto UX: pic.twitter.com/JfBuf8zFdu
— gaut (@0xgaut) March 13, 2022
Related Reading | How Crypto Will Transform Financial World, PayPal CEO Says
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.