After yesterday’s Mint coverage around the incoming NBA NFT release, today’s drop was more… flop. Meanwhile, the long-awaited Coinbase NFT platform is finally opening it’s doors, albeit only to a limited amount of beta testers thus far.
A lot of hype with limited delivery in today’s Mint, but that’s just how the cookie crumbles sometimes. We’ll give you a quick dose of reality Monday through Friday with all the biggest stories around NFTs.
Nightly Mint
Latest Mint: Coinbase’s NFT Platform
Coinbase announced today that the company has finally launched Coinbase NFT after it introduced the product last year. Today’s beta testing began with limited access to those who are currently on the waitlist. Ethereum, of course, is the first blockchain to be supported on Coinbase NFT; screenshots shared thus far have compared Coinbase NFT to the likes of Instagram, with profile pages, ‘followers’ and ‘following’ tabs, verified checkmarks, and comment sections. Coinbase could be the bridge that allows for social media to NFTs.
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Coinbase was criticised for not moving on its NFT product. But, this week the company will be changing their tune. The beta version has been released to limited testers.Source: TradingView.com: NASDAQ COIN | Source: NASDAQ: COIN on TradingView.com
An Update on NBAxNFT
Yesterday’s MintThe NBA was praised for its aggressive nature as a sports league in the rapidly growing blockchain world. Unfortunately with aggressive moves, comes risk, and the dynamic NFTs – powered on Ethereum – released today fell short of expectations. ‘The Association’ collection had a contract error that did not limit or gate transactions as intended, leaving some users with the ability to mint over 100 NFTs.
We are aware of the problems with smart contracts that caused the Allow List supply prematurely to go out of stock. We are sorry for the situation.
— NBAxNFT (@NBAxNFT) April 20, 2022
The ‘Minty Fresh’ Take
A great recap from @TopshotTandy on Twitter to reflect how much of a mess today’s NBAxNFT release was. Kudos to the league for continuing to take risk, but as we’ve seen time and time again in this space, without diligent and careful engineers, things can go south quickly.
Today was @NBAxNFTAllow List mint 10,000 These rules stated that each wallet could have 1 NFT. However, there were 15,925 mints and wallets that had up to 100 NFTs. 🤦♂️ pic.twitter.com/Lt2TMkp8Rf
— Tandyman ☘️ (@TopshotTandy) April 20, 2022
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