{"id":489749,"date":"2022-05-05T05:41:16","date_gmt":"2022-05-05T05:41:16","guid":{"rendered":"https:\/\/wncen.com\/?p=489749"},"modified":"2024-06-11T14:19:38","modified_gmt":"2024-06-11T14:19:38","slug":"the-nightly-mint-daily-nft-recap-32","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/the-nightly-mint-daily-nft-recap-32\/","title":{"rendered":"The Nightly Mint: Daily NFT Recap 2022-05-05"},"content":{"rendered":"

The NFT ecosystem had a quieter day on Wednesday, but there is always action to cover. 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.<\/p>\n

The Nightly Mint<\/strong><\/p>\n

Latest Mint: Shanghai Residents<\/h2>\n

Residents in Shanghai have faced COVID-19 lockdowns, and are headed to OpenSea – with an OpenSea account titled ‘Voice of April<\/a>‘ minting NFTs that show the inside perspective from Shanghai lockdowns.<\/p>\n

The Chinese government has grown a particular stance and reputation around censorship, COVID-19, and even crypto. This latest move from some Shanghai users could very well be a risky one, but one that some individuals see as clearly a way to tell their story.<\/p>\n

Related Reading | Institutional Investsors Exit Market As Crypto Declines, New Report Reveals<\/a><\/strong><\/em><\/p>\n

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Terra Luna's Luart could be on the way out after community frustration has bubbled to the surface lately. | Source: LUNA-USD on TradingView.com<\/a><\/pre>\n

Terra Luna’s NFT Ecosystem Faces Growing Pains<\/h2>\n

We don’t often cover NFTs on growing chains as much as we should here on The Nightly Mint<\/em> – however on a slower newsday on Wednesday, it was Terra Luna who faced NFT challenges through one of it’s major marketplaces, Luart.<\/p>\n

Like many growing blockchains, the Terra Luna NFT ecosystem is a young one, with a variety of marketplaces that are grappling for the top spot, such as Luart, Random Earth, and OnePlanet. Luart has faced challenges recently, with some users trying to take advantage of a low-balling mechanic, among other issues. The marketplace held a ~3 hour AMA on Twitter Spaces today that apparently was a disaster, according to community members.<\/p>\n

The ‘Minty Fresh’ Take<\/span><\/p>\n

There are few guarantees in this space.<\/p>\n

https:\/\/twitter.com\/mdudas\/status\/46074880?s=20&t=7jb_10Jz2LBCUFhoI5EF1g<\/p>\n

Related Reading | Amidst A New Development, Algorand Could Be Eyeing $1<\/a><\/strong><\/em><\/p>\n

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Featured image from Pexels, Charts from TradingView.com\r\nThe writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.<\/pre>\n