Although Friday was quiet for NFT markets, it is closing in mid-April with fewer headline-grabbing stories. However, NFTs are still attracting strong attention despite the slower pace of news. Nansen NFT data indicates that April has the same volume and transactions as March, with no significant differences in users, volumes, or transactional data. Alt-chains such as Terra, Avalanche, Cardano, Solana, and others, are likely eating into market share as their respective NFT markets begin to take shape (to the point where referring to them as “alt-chains” is practically disrespectful).
Let’s close out the week with a refreshing ‘Nightly Mint‘ to head into the weekend.
Nightly Mint
Recent Mint: A New Congressional Candidate for NFT
We’ve seen a handful of potential congressional candidates across the U.S. look at NFTs as a potential fundraising option – but for the most part politicians have been steering away from addressing them publicly. Add another candidate who’s giving the ‘wild west’ landscape a try, Oregon’s Matt West. According to Axios, West has launched a ‘Crypto Beavers’ NFT collection ranging from 0.05 ETH to 1.5 ETH in pricing, and are expected to be released early next week. The Democratic candidate is also a Yearn Finance contributor. He will be releasing his NFTs via Ethereum.
ADA To Rebound With Integration Of USDT And USDC On Cardano?| ADA To Rebound With Integration Of USDT And USDC On Cardano?
Criticisms of Ethereum have been raised by the public as the NFT's most energy-consuming chain. It didn't stop Matt West, a potential candidate for Congress from using it in his fundraising efforts. Source: ETH-USD on TradingView.com | Source: ETH-USD on TradingView.com
Emirates Going Big with NFTs
Emirates, the latest company to make a big splash in NFTs announced a brand new NFT project that aims to improve customer service and generate new revenue. Emirates announced that its pavilion at Dubai Expo 2020, the Emirates Pavilion, would be transformed into an innovation hub that will help create future-first products using NFTs and blockchain technology.
The ‘Minty Fresh’ Take
You can often spot potential NFT rugs by looking for these signs. @zachxbt shows an incredible cash flow graph of the monies funneled through various NFT fraud projects.
Imagine a $3.7m NFT scam ring. The common theme between all of these projects are Fiverr art, fake engagement, high mint prices, & sketchy teams. pic.twitter.com/oMbcr222Jl
— zachxbt (@zachxbt) April 15, 2022
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Featured image taken from TradingView.com Charts, and Pexels Disclaimer: The author of this content has not been associated or affiliated to any of these parties. This article is not meant to provide financial advice.