Ukraine, a country in the middle of geopolitical turmoil will become the first to issue its own NFTs for funding their defence against Russia. Meanwhile, things have developed in the Treasure NFT marketplace story that we covered in yesterday’s edition of Nightly Mint.
Let’s catch up on these leading headlines for today’s NFT recap.
Nightly Mint
Ukraine’s War Efforts & NFTs
We’ve seen a variety of crypto relief funds, as well as formal crypto leaders at major blockchains, exchanges, and elsewhere, that have utilized crypto to assist Ukraine in their fight against Russian forces. With nearly $50M in donations to crypto addresses posted by Ukraine’s official social media account, government officials had been teasing an airdrop – with limited details.
Now that plan has shifted, and instead of an airdrop, the country’s Vice Prime Minister announced this today:
We decided after careful thought to stop airdrop. There are increasing numbers of people who want to support Ukraine in its fight against aggression every day. Instead we are going to announce NFTs for support of the Ukrainian Armed Forces shortly. No plans are made to issue any fungible tokens.
— Mykhailo Fedorov (@FedorovMykhailo) March 3, 2022
Recent Mint: The Treasure Marketplace Hacker Returns NFTs
Some ‘Smol Beans,’ one of the most recognizable NFT projects on the Arbitrum-based NFT marketplace Treasure, have started to be returned earlier today following an exploit that resulted in users being able to collect over $1M worth of NFTs at no cost. Devs said on Discord they believe they have identified the problem and resolved it.
A plan will be developed by the community to compensate users who don’t receive their NFT.
Related Reading | Cardano (ADA) Ready For Rally Towards $1.50? What are the Indicators Saying?
MAGIC, the native token of Arbitrum's NFT market Treasure, saw significant volatility in recent days after an exploit.Source: MAGICUSDT at TradingView.com | Source: MAGIC-USDT on TradingView.com
The ‘Minty Fresh’ Take
Don’t forget to keep a level head when it comes to influencers, artists, and celebrities promoting NFTs – on yesterday’s MintWe reported on news that NFT markets and possibly shillers are being investigated by the SEC. Keep your cool to avoid any potential scams.
People trying to advertise their NFT drop by posing in front of cars or private jets is a huge red flag ?imo pic.twitter.com/cTSEmtN4Dq
— ?nathanhead.eth? (@NathanHeadPhoto) March 3, 2022
Related reading: Ethereum sports bearish signals as the crypto market shifts back into fear| Ethereum Sports Bearish Signals As Crypto Market Shifts Back Into Fear
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 content is not intended to be financial advice.
