Welcome to Nightly Mint – a new content series from our team at NewsBTC providing all the quick hits at the end of each day around all things NFT.
Every weekday, we bring you a daily NFT roundup of the latest action moments, spanning news headlines, community chatter, and one final “mint fresh” shot we’ll share each day to keep you curious.
the night mint
New TIMEPieces Mint
TIME magazine has been easily the most aggressive traditional publication to get NFTs right. TIME released its latest ‘TIMEPieces’ release today, raising funds for humanitarian relief efforts in Ukraine.
pixelmon takes heat
Conversation around the NFT community today was rife around the massive flop of Pixelmon, an NFT project that raised a staggering $70 million and promised a high-flying roadmap. It’s been a flop of epic proportions, quickly becoming the ‘flavor of the week’ laughingstock in the NFT space:
Pixelmon Had An Art Reveal So Terrible ‘Kevin’ Is Being Labeled A Historical NFT pic.twitter.com/A2ummGDypV
— ThreadGuy.eth 💫 (@DiscoverXnft) February 28, 2022
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KPMG Canada is buying an NFT just a few weeks after adding Bitcoin and Ethereum (ETH) to its portfolio. | Source: ETH-USD on TradingView.com
KPMG Canada Buys ‘World Of Women’ NFT
KPMG is one of the ‘big four’ accounting firms with operations around the world. In an announcement today, the Canadian division of KPMG has purchased a ‘World of Women’ NFT as “part of its corporate strategy”. The minimum price in WoW is currently around $25K. A Managing Partner of KPMG Canada Advisory Services, Benjie Thomas, stated:
“This acquisition reflects our belief not only in the continued growth of NFT, but also in the value of WoW and its mission. Having been through the process, we are well positioned to guide our clients in building a corporate NFT strategy, including the acquisition and protection of NFTs.”
Projects like WoW that champion gender equality in a predominantly male environment are poised to be major players for institutions that want purpose-driven NFT investments.
The take ‘Minty Fresh’
Today’s fresh take on mint comes courtesy of @mikethreezy on Twitter:
there is nothing in an NFT that is inherently related to art. NFTs are much broader, non-fungible things, and the kinds of things they represent will likely grow exponentially.
to expect people to be more interested in art chips is to set yourself up for disappointment
— mike three 🔻 (@mikethreezy) February 28, 2022
At NewsBTC and our sister network Bitcoinist, we have been covering all sorts of potential use cases for NFTs as we look to the future; don’t be surprised to see more and more projects that are less strictly focused on art and more focused on utility.
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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/