NFTs are fraught with chaos. Good, bad and somewhere in between, there’s seemingly always some madness happening in the space; that’s why we aim for routine coverage that gives you bite-sized daily recaps of all things NFTs with Nightly Mint – no matter the time of day you digest it.
One of the most tenured and controversial celebrities is reportedly entering the non-fungible token world, an ex-OpenSea executive is facing heat from the Department of Justice, and that’s just the tip of the NFT iceberg.
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Latest Mint: Kanye NFTs?
“STOP ASKING ME TO DO NFT’s,” was the leading copy on an Instagram caption posted earlier this year by Kanye West. According to multiple reports, Kanye NFTs may very well be reality just four months later. West has apparently filed several trademark applications with the USPTO that are around “blockchain-based non-fungible assets,” “currencies and tokens,” and “online retail store services featuring … digital art.”
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Federal Charges for Ex-OpenSea Exec Over Front-Running NFT
OpenSea former Head of Product Nate Chastain, was highly valued within the NFT Community. But Chastain’s popularity has fallen rapidly as the Southern District New York detained Chastain. They will be looking to bring charges for wire fraud or money laundering. It would not be surprising to see the DoJ look to pursue the charges aggressively, given Chastain’s visibility in the NFT community; the DoJ states that he utilized “confidential information about what NFTs were going to be featured on OpenSea’s homepage for his personal financial gain.”
The ‘Minty Fresh’ Take
Between goblins (with a ~7.5 ETH floor at time of publishing) and crypto Twitter reactions to an hour of OpenSea downtime alone, I think we’re losing our minds.
Opensea is now down, which confirms that the NFT bull has resumed.?
— ThreadGuy.eth ? (@notthreadguy) June 1, 2022
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Featured image taken 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.
