Welcome to the Nightly Mint – a new content series from our team at NewsBTC that provides all the quick hits at the end of each day around all things NFT.
Each weekday, we’re bringing you a daily NFT recap of the latest bites of action – spanning across news headlines, community chatter, and a closing “minty fresh” take that we’ll share each day to keep the curiosity cooking.
Nightly Mint
New TIMEPieces Mint
TIME Magazine is the traditional magazine that has been most successful in getting NFTs right. TIME dropped their latest ‘TIMEPieces’ launch today, raising funds for humanitarian relief efforts in Ukraine.
Pixelmon Takes Heat
The massive failure of Pixelmon was the subject of much chatter in the NFT community. It was an NFT project which raised $70M and promised a highly-flying roadmap. It’s been a flop of epic proportions, quickly becoming a bit of 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 has purchased an NFT in a matter of weeks, just a few weeks after they added Ethereum (ETH), and Bitcoin (BTC) to their portfolio.Source: ETHUSD at TradingView.com | Source: ETH-USD on TradingView.com
KPMG Canada Buys ‘World Of Women’ NFT
KPMG is one of the ‘big four’ accounting firms with operations that span across the globe. In an announcement today, the Canadian division at KPMG has purchased a ‘World of Women’ NFT as “part of it’s corporate strategy.” The floor price on WoW is currently around $25K. Benjie Thomas is the Managing Partner for Advisory Services at KPMG Canada.
“This acquisition reflects our belief not only in the continued growth of NFTs, but in the value of WoW and its mission. Having now gone through the process, we are well-positioned to guide our clients around building a corporate NFT strategy, including, acquiring and safeguarding NFTs.”
Institutions that seek purpose-driven NFT investment are likely to look at WoW as a major player, since it stands for gender equality in a male environment.
The ‘Minty Fresh’ Take
Today’s minty fresh take comes courtesy of @mikethreezy on Twitter:
An NFT is not inherently connected to art. The NFTs represent much more, non-fungible objects, so the variety of items they are irl to will increase exponentially.
You are setting yourself up for disappointment by expecting people to take more interest in the art tokens.
— mike three 🔻 (@mikethreezy) February 28, 2022
At NewsBTC and our sister network Bitcoinist, we’ve been covering all sorts of potential use cases for NFTs as we look ahead; don’t be surprised to see more and more projects that are less focused on strictly art, and more focused on utility.
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Featured Image from TradingView.com, Charts and Pexels This content was not written by or associated with the mentioned parties. This article is not meant to provide financial advice.