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The Nightly Mint: Daily NFT Recap

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Is chaos ever not ensuing in NFT environment? 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 The 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.

The Nightly Mint

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. Kanye NFTs, just a mere four months later, could very much be a reality, according to numerous reports today. 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.”

Related Reading | Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential To Perform Well In Bear Trend

Solana has seen teases of a booming 'Solana Summer' but has taken a major hit today with the blockchain halted. | Source: SOL-USD on TradingView.com

Ex-OpenSea Exec Faces Federal Charges Over NFT Front-Running

Former OpenSea Head of Product Nate Chastain was highly valued by many within the NFT community, but is facing a swift fall from high times as the Southern District of New York has detained Chastain and will look to pursue charges of wire fraud and 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.

Related Reading | LUNA2 Records Losses As Market Rebounds, Investors Lost Faith?

Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

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