While the NFT industry had a more peaceful Wednesday, there was still plenty to be covered. Shanghai residents are minting NFTs to shed light on current conditions, and there’s drama in a non-Ethereum blockchain NFT marketplace that is causing rifts. Let’s dive into these latest stories from Wednesday’s activity.
Nightly Mint
Shanghai Residents: The Latest Mint
Residents in Shanghai have faced COVID-19 lockdowns, and are headed to OpenSea – with an OpenSea account titled ‘Voice of April‘ minting NFTs that show the inside perspective from Shanghai lockdowns.
China’s government has developed a reputation for its stance on censorship and COVID-19 and cryptography. While this move by Shanghai users might be risky, it is one some see as an opportunity to tell their story.
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Terra Luna's Luart might be the solution to community anger. Source: LUNA-USD on TradingView.com | Source: LUNA-USD on TradingView.com
Terra Luna’s NFT Ecosystem Faces Growing Pains
We don’t often cover NFTs on growing chains as much as we should here on Nightly Mint – however on a slower newsday on Wednesday, it was Terra Luna who faced NFT challenges through one of it’s major marketplaces, Luart.
Terra Luna NFT, like many other growing blockchains is still young. It has a number of markets that compete for the top spot such as Luart and Random Earth. Luart, among others, has been facing difficulties recently due to some users trying out a low-balling mechanism. According to some community members, the marketplace had a 3 hour-long AMA today on Twitter Spaces that was an apparent disaster.
The ‘Minty Fresh’ Take
This space is not without risks.
NFTs will be a regrettable investment.
— Mike DAOdas (🏌️♂️, ⛳️) (@mdudas) May 5, 2022
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