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Wednesday, February 15, 2023
HomeNewsThe Nightly Mint: Every day NFT Recap

The Nightly Mint: Every day NFT Recap


The new Bored Ape Yacht Club metaverse mint, ‘The Otherside,’ is simply days away, and the chatter is palpable. While it’s on the heels of the extremely anticipated Ragnarok Meta – at present the highest traded NFT mission in OpenSea over the previous day – there’s loads of pleasure to go round concerning the Bored Ape metaverse play.

Meanwhile, a brand new report from a bevy of federal our bodies throughout the globe says that cash laundering and fraud through NFTs is a ache level that must be addressed within the area.

The Nightly Mint

Latest Mint: Otherside Hype

Headed to mint this weekend is ‘The Otherside,’ and the hypothesis alone can pull you right into a dozen completely different instructions into how issues may play out.

The key factors you might want to know? Yuga Labs, homeowners of arguably the three greatest NFT initiatives in the marketplace, are releasing land plots across the BAYC mission – and Yuga has the will to construct an NFT media empire; this might doubtless be step one in that try. The Otherside drops on Saturday and can price roughly 605 APE per plot.

Related Reading | Dogecoin Displays A Falling Wedge Pattern; Here’s What It Means

The new BAYC ‘Otherside’ property might be accessible for buy solely through the APE token. | Source: APE-USD on TradingView.com

New Report Regarding Fraud & Laundering

A brand new report from the IRS launched at the moment highlights a launch from the Joint Chiefs of Global Tax Enforcement (or J5) and is titled “J5 NFT Marketplace Red Flag Indicators.” The report is hefty, however one bite-sized line that has gained traction throughout publications is that this one:

“While the majority of cryptocurrency owners and those purchasing NFTs are doing so for righteous reasons, criminals look for any way to exploit new technologies. Cryptocurrencies and NFTs are not immune.”

The ‘Minty Fresh’ Take

There are loads of Otherside takes floating round NFT Twitter this week, so right here is one definitely value contemplating from @osf_nft:

1. The NFT market is about to see the BIGGEST occasion but within the subsequent few days…here is why 👇

— OSF (@osf_nft) April 28, 2022

Related Reading | Litecoin Drops 87% Trading Volume In Q1 2022

Featured picture from Pexels, Charts from TradingView.com
The author of this content material isn’t related or affiliated with any of the events talked about on this article. This isn’t monetary recommendation.


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