A brief break from the Nightly Mint NFT recap, but nothing to worry about. I got on the wagon again. There’s been a lot of fuss over the past few weeks during our quick break (yes, I’m watching You Goblintown and You, Ladies), but unfortunately I’ll skip some of them and stick with the program. The most recent in a bite-sized report.
As we begin the closing week of May, let’s take a look at Monday’s NFT activity.
Latest Issue: eBay NFT Unrolling
We’ve been hearing brief details about eBay’s interest in crypto and non-fungible tokens for quite some time, but so far little has come to fruition. The company’s initial release, in collaboration with OneOf, finally debuted – “Animation Interpretation Sports Illustrated The cover of the iconic athlete, starting with hockey legend Wayne Gretzky.
Read Related | FTX Token Holds Second Largest Ethereum Whale Holdings
Ethereum NFTs continue to be the undisputed leader, despite continually emerging challengers. | Source: ETH-USD on TradingView.com
Explore GameStop’s Ethereum NFT Wallet
Ethereum continues to be the NFT gold standard despite emerging chains like Solana gaining ground (provided by Okay Bears and others). Now we are seeing competitors coming out of the left wing and GameStop seeing their first Ethereum-based wallet today.
A beta version has been released and is open to the public as follows: official announcement at work.
‘Minty Fresh’ Take
Can the music NFT turn the corner? The industry’s lack of innovation in financial models seems to suggest this, but… Consumer adoption and integration will undoubtedly take time.
Spotify has invested billions of dollars in 16 years and has gone public, putting a lot of pressure on investors and barely making money. No new ideas.
Still proud to be the most plausible future music model.
Opensea can generate 9 digit revenue each year. Artists are happy.
When does the narrative change?
— Matt Dryhurst (@matdryhurst) May 23, 2022
Read Related | Fed Report: 12% of U.S. Adults Will Invest in Crypto by 2021
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.