NFT markets are following in the footsteps of cryptocurrency chaos. We’re here through rain, sleet and snow (and sunshine, of course) with our five-day-a-week report quickly covering some of the brief stories each day around all things NFTs.
While the markets at large continue to get hammered, Instagram is finally moving their feet, and one NFT project that was practically touching ‘blue chip’ status, is seemingly at it’s death bed. Let’s dive in.
Nightly Mint
Recent Mint: Instagram finally begins NFT testing
Meta’s You can find it herestagram is finally testing NFT integration, after long speculation and dialogue around when and how we could see non-fungible tokens integrated on the platform. In a tweet announcement, Instagram CEO Adam Mosseri stated that testing would begin with “a handful of US creators and collectors who will be able to share NFTs on Instagram,” adding that “there will be no fees associated with posting or sharing a digital collectible on IG.”
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Facebook Meta tried for years to incorporate crypto and blockchain compatibility. However, it has had little or no success. Are NFTs possible on Instagram to make this better?Source: TradingView.com - NASDAQ: Facebook | Source: NASDAQ: FB on TradingView.com
Are Azuki’s Done For?
NFT Twitter is taking Azuki’s through the mud as chatter spurred across channels that the founder previously created a rugged project, Phunks (and other abandoned projects) – which all started from a blog post from the pseudonymous founder. The floor price practically cut in half – and currently sits around 15 ETH (after averaging double that price earlier this month). There is no guarantee in this area.
The ‘Minty Fresh’ Take
Stay positive, and remember to only risk in these markets what you can afford to lose – after all, your JPEG isn’t going anywhere.
This was something I already had. It’s probably appropriate that I share this now. pic.twitter.com/wHKbNkYzMt
— Early Adopter NFT 🦊 🟠 (@EarlyAdopterNFT) May 9, 2022
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Featured image taken from TradingView.com Charts, and Pexels Disclaimer: The author of this content has not been associated with or paid any money to the companies mentioned. This article is not meant to provide financial advice.