Welcome back to The Nightly Mint. While NFT volumes and overall sentiment have been running low so far in March, the numbers are still comparable to Q4 2021, which outperformed last year’s numbers. So while critics claim that NFTs are falling, if we look at the big picture, it’s a bit of a problem during the last year of growth. Until we see sustained weeks or months of slider activity, there are still few conclusions to be drawn.
the night mint
Last Mint: LimeWire Turns Back Time
Do you remember LimeWire? Yes, the old P2P file-sharing platform is apparently launching a new token, LMWR, and is also working on plans to launch an NFT marketplace later this year. While the chosen blockchain has yet to be revealed, members of the core team have stated that they will be partnering with “a leading blockchain.” ‘Right-click save’ is taking a new twist on this one.
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OneOf has found its latest partner in music with the estate of Biggie Smalls. The OneOf platform trades on Tezos (XTZ). | Source: XTZ-USD on TradingView.com
Notorious NFT
Today marks the 25th anniversary of the passing of hip-hop legend Notorious BIG, and Biggie’s estate has shared a new NFT to celebrate the life of one of music’s most recognizable artists. Growing OneOf NFT platform to announce the first equity NFT. OneOf co-founder and COO Josh James stated in the statement:
“Using NFT technology, Biggie’s legacy and his enormous impact on music and culture will be forever cemented on the blockchain, to be honored and shared with fans around the world and for generations to come.”
The take ‘Minty Fresh’
Is the world of NFTs falling apart? Despite an NFT ‘bear market’, the likely answer is no. There is nothing new under the sun, and everything is cyclical, so while it may not be the brightest days with this month’s price action so far, we are still in the early days. Don’t be afraid to walk away.
We are currently in the “Death” phase of the NFT macro life cycle.
Being in crypto since 2016, I have survived my fair share of bear markets.
While your favorite influencer is manic, depressed, or keeps NFTing you, let’s dig deeper.
How to crush the phase of death? 🧵 pic.twitter.com/ux1aQl1mgR
— The NFT Edge🛡️ (@thenftedge) March 8, 2022
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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.
This post The Nightly Mint: NFT Daily Recap
was published first on https://www.newsbtc.com/news/the-nightly-mint-daily-nft-recap-8/
