NFTs continue to stay a relatively cool market, but the Mint is here to keep you tuned in with a daily dose of NFTs. Each weekday, we tune in to some of the biggest stories from the day around NFTs, and a fresh take to hopefully leave you with something to chew on.
Let’s dive in.
The Nightly Mint
BAYC Donates $1M To Ukraine
Bored Ape Yacht Club announced a 389 ETH donation, just over $1M, to the official Ukrainian ETH wallet address. Bored Apes have seen a substantial decline in volume on the thirty day to sixty day comparison, but nonetheless still second in volume according to CryptoSlam, and still coming close to $100M in volume during that time.
Latest Mint: Solana NFTs On Adobe Behance
The latest mint is courtesy of Adobe and it’s product, Behance, which will now integrate Solana NFTs. NFTs on Ethereum were supported as of October last year, and other Adobe products have added NFT integration through a variety of means – such as Photoshop’s ‘Prepare As NFT’ feature.
Related Reading | CryptoPunk NFT Adds To Ukraine’s $33 Million Donation Campaign
Avalanche is the latest protocol to show major investment in the NFT space. | Source: AVAX-USD on TradingView.com
Avalanche’s Latest Financial Commitment Includes NFTs
Avalanche is committing over a quarter of a billion dollars through it’s latest ‘Multiverse’ incentive fund towards GameFi, DeFi, and NFT subnets. Subnets are a major pillar of Avalanche’s unique value-add, and one that the protocol continues to emphasize through it’s partnerships and dealings. Subnets allow Avalanche to avoid a critical Ethereum pitfall in streamlining consensus validation.
The ‘Minty Fresh’ Take
As premier auction houses list NFTs and more projects continue to evolve and grow, it’s important to keep it all in perspective. A lot of times it’s just jpegs – don’t take it too serious.
I just acquired one of the most important NFTs in my collection but also what is an iconic pieces of crypto art per my research. Excited to write about it, but for now just letting it all sink in… this is what I joined the space for and it feels really special. ✨
— Farokh.eth (🎙, 🎙) (@farokh) March 8, 2022
Related Reading | Ethereum Fees Fall To 6 Month Low As NFT Mania Fades