The Nightly Mint: Daily NFT Recap
Amid geopolitical chaos, Ukraine will be the first developed country to create its own NFTs to help fund their defenses against Russia. Meanwhile, things have been developing in the Treasure NFT marketplace story we covered in yesterday’s edition of The Nightly Mint.
Let’s catch up on these leading headlines for today’s NFT recap.
The Nightly Coin
Ukraine’s War Efforts and NFTs
We have seen a variety of crypto aid funds, as well as formal crypto leaders at major blockchains, exchanges and elsewhere, who have used crypto to aid Ukraine in their fight against Russian forces. With nearly $50 million in donations to crypto addresses posted by Ukraine’s official social media account, government officials teased an airdrop — with limited details.
Now that that plan has shifted, and in lieu of an airdrop, the country’s deputy prime minister announced this today:
After careful consideration, we have decided to cancel airdrop. Every day more and more people want to help Ukraine to reduce the aggression. Instead, we will soon be announcing NFTs to support the Ukrainian Armed Forces. We have NO plans to issue replaceable tokens
— Mykhailo Fedorov (@FedorovMykhailo) March 3, 2022
Latest Coin: Treasure Marketplace Hacker Returns NFTs
Some “Smol Beans,” one of the most recognizable NFT projects on the Arbitrum-based NFT marketplace Treasure, started being returned earlier today after an exploit that allowed users to collect more than $1 million worth of NFTs for free. Developers stated on Discord that they believed they had identified and addressed the issue.
Users who do not receive their NFT will be made healthy through a plan approved by community members.
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MAGIC is the native token on Arbitrum-based NFT marketplace Treasure, which has seen significant volatility in recent days following an exploit. † Source: MAGIC-USDT on TradingView.com
The ‘Minty Fresh’ Take
Remember to keep your cool when it comes to influencers, artists and celebrities promoting NFTs – on yesterday’s Mint we broke the news that the SEC is investigating NFT marketplaces and possibly shillers. Stay grounded to avoid possible back pulls!
People trying to advertise their NFT drop by posing in front of cars or private jets is a huge red flag 🚩imo pic.twitter.com/cTSEmtN4Dq
— nathanhead.eth🏝 (@NathanHeadPhoto) March 3, 2022
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