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
Latest Mint: eBay NFTs Unrolling
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
A Look At GameStop’s Ethereum NFT Wallet
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.