In the midst of crypto chaos, the NFT market is essentially following suit. We’re here through rain, sleet and snow (and sunshine, of course) with our five-day-a-week report quickly covering some of the brief stories each day around all things NFTs.
While the markets at large continue to get hammered, Instagram is finally moving their feet, and one NFT project that was practically touching ‘blue chip’ status, is seemingly at it’s death bed. Let’s dive in.
The Nightly Mint
Latest Mint: Instagram Finally Begins NFT Testing?
Meta’s Instagram is finally testing NFT integration, after long speculation and dialogue around when and how we could see non-fungible tokens integrated on the platform. In a tweet announcement, Instagram CEO Adam Mosseri stated that testing would begin with “a handful of US creators and collectors who will be able to share NFTs on Instagram,” adding that “there will be no fees associated with posting or sharing a digital collectible on IG.”
Related Reading | Shiba Inu: Biggest Dollar Holding Among Wealthiest Ethereum Whales
Facebook's Meta has long tried to integrate crypto, blockchain, and other 'Web3' compatibility, with little to no success to show for it. Could NFTs on Instagram change that? | Source: NASDAQ: FB on TradingView.com
Are Azuki’s Done For?
NFT Twitter is taking Azuki’s through the mud as chatter spurred across channels that the founder previously created a rugged project, Phunks (and other abandoned projects) – which all started from a blog post from the pseudonymous founder. The floor price practically cut in half – and currently sits around 15 ETH (after averaging double that price earlier this month). Nothing is promised in this space.
The ‘Minty Fresh’ Take
Stay positive, and remember to only risk in these markets what you can afford to lose – after all, your JPEG isn’t going anywhere.
I had this saved. Probably appropriate now to share it. pic.twitter.com/wHKbNkYzMt
— Early Adopter NFT 🦊 🟠 (@EarlyAdopterNFT) May 9, 2022
Related Reading | Ethereum Miners Surpass Bitcoin Miner Revenue By $224M
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.