The Nightly Mint: Daily NFT Recap
The NFT ecosystem had a calmer day on Wednesday, but there is always action to be taken. Shanghai residents coin NFTs to shed light on current conditions, and there is drama in a non-Ethereum blockchain NFT marketplace causing rifts. Let’s dive into these latest stories from Wednesday’s activity.
The Nightly Coin
Last Coin: Shanghai Residents
Shanghai residents have faced COVID-19 lockdowns and are moving towards OpenSea – with an OpenSea account titled ‘April votesmashing NFTs showing the inner perspective of the Shanghai lockdowns.
The Chinese government has built a certain attitude and reputation around censorship, COVID-19 and even crypto. This latest move by some Shanghai users could very well be a risky one, but one that some individuals see as an obvious way to tell their story.
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Terra Luna’s Luart could be on its way after community frustration has surfaced lately. † Source: LUNA USD on TradingView.com
Terra Luna’s NFT Ecosystem Faces Growing Pains
We don’t often cover NFTs on growing chains like we should here on The Nightly Mint – but on a slower news day on Wednesday, it was Terra Luna taking on NFT challenges through one of its main marketplaces, Luart.
Like many growing blockchains, the Terra Luna NFT ecosystem is young, with a variety of marketplaces struggling for the top spot, such as Luart, Random Earth, and OnePlanet. Luart has faced challenges recently, with some users trying to take advantage of a low-balling mechanic, among other things. The marketplace today held a ~3 hour AMA on Twitter Spaces that was apparently a disaster according to community members.
The ‘Minty Fresh’ Take
There are few guarantees in this space.
You will regret not owning NFTs.
— Mike DAOdas (🏌️♂️, ⛳️) (@mdudas) May 5, 2022
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Featured Image from Pexels, Charts from TradingView.com The author of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.