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The Nightly Mint: Daily NFT Recap

The Nightly Mint: Daily NFT Recap

Taylor Scott
by Taylor Scott
3 years ago
·
Posted in NFT
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Welcome back to The Nightly Mint. While NFT volumes and general sentiment has been running low on steam thus far in March, the numbers are still comparable to Q4 2021 – which blew last year’s numbers out of the water. So while critics claim that NFTs are on their downfall, if we look at the big picture, it’s a small blip over the past year of growth. Until we see sustained weeks to months of sliding activity, there’s little conclusions to draw quite yet.

The Nightly Mint

Latest Mint: LimeWire Turns Back Time

Remember LimeWire? Yes, the old P2P file-sharing platform is apparently releasing a new token, LMWR, and is also working on plans to release an NFT marketplace later this year. While the blockchain of choice is yet to be disclosed, core team members have stated that they will be partnering with “a leading blockchain.” ‘Right click save’ is taking a whole new twist on this one.

Related Reading | Fellowship, Advanced Or Legendary: Which Potion NFT Are You Going To Bid For?

OneOf has found it's latest partner in music with Biggie Smalls' estate. The OneOf platform operates on Tezos (XTZ). | Source: XTZ-USD on TradingView.com

Notorious N.F.T

Today is the 25th anniversary of the passing of hip-hop legend Notorious B.I.G., and Biggie’s estate has shared a new NFT to celebrate the life of one of music’s most recognizable artists. Growing NFT platform OneOf to announce the estate’s first-ever NFT. OneOf cofounder and COO Josh James stated on the release:

“Using NFT technology, Biggie’s legacy and his outsized impact on music and culture will be forever cemented on blockchain, to be honored and shared with fans around the world and for generations to come.”

The ‘Minty Fresh’ Take

Is the NFT world falling apart? Despite an NFT ‘bear market,’ the likely answer is no. There’s nothing new under the sun – and everything is cyclical – so while it might not be the brightest days with this month’s price action thus far, we’re still in the very early days. Don’t be afraid to zoom out.

We are currently in the "Death" phase of the NFT Macro Life Cycle.

Being in crypto since 2016, I've survived my fair share of bear markets.

While your favorite influencer is manic, depressed or keeps shilling you NFT's, let's dive in.

How to crush the Death phase? 🧵 pic.twitter.com/ux1aQl1mgR

— on_stan_ (@on_stan_) March 8, 2022

Related Reading | YouTube Detective Exposes Jake Paul’s Alleged Secret Wallet For Crypto Scams

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.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Taylor Scott

Taylor Scott

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Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

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