Author: Taylor Scott

The NFT market is in certified goblin mode. The goblintown NFTs surged past the 1ETH ceiling and were once again the 2nd most traded NFT collection behind only BAYC. Ridiculous Twitter Spaces, an embraced and cherished lack of roadmap, and other nice touches have made this project truly the ultimate meme pfp collection. The true test will be longevity, though.

The Nightly Mint

Latest Mint: Seth Green’s TV Show?

Will Seth Green’s show on his Bored Ape end up making it to the air? If you haven’t caught the story this week, mainstream headlines have hit the wire about actor and producer Seth Green’s intent to create an animated comedy centered around his Bored Ape, which has since been stolen in a likely phishing attack – leaving NFT watchers to speculate around what happens next, and where rights ownership begins and ends.

For the latter issue, we noted earlier this week that fashion brand Hermes is in the midst of a legal battle with creator Mason Rothschild over his ‘MetaBirkin’ NFT collection. We’re clearly on the precipice of much-needed legal rulings around some of these issues that will set a standard for future issues.

Related Reading | TA: Ethereum Divves 10%, Why ETH Might Test $1,500

The bear market continues this week as tokens big and small have been taking hits, including NFT market leader Ethereum.| Source: ETH-USD on TradingView.com
Updates To NFT Marketplace OpenSea

Announced and integrated today are some new OpenSea updates to user profile page and collection page layout. The leading NFT platform also shared in the announcement that they will “continue to roll out changes through the coming weeks, with the goal of putting more focus on our community’s content, simplifying the experience and making room for richer experiences for our OpenSea community.”

The ‘Minty Fresh’ Take

We don’t create the news, we simply report it.

breaking: person who bought cartoon monkey puzzled someone bought cartoon goblin. more at 11.

— sartoshi (@sartoshi_nft) May 26, 2022

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

We’re wrapping up the last full week of May, and the NFT market is seemingly still performing strongly – considering the middling cryptocurrency market at large.

Meanwhile, Solana NFTs are getting a nice boost in what the community is calling ‘Solana Summer.’ Can a rising tide lift all boats? Additionally, U.S. case law around NFTs – largely unprecedented thus far – is seeing new decisions that could have major impacts on how legal courts interpret NFT cases in the future.

The Nightly Mint

Latest Mint: Solana NFTs, Apparently

If you’re keeping up with the hype, dominating the conversation this week has been goblintown and Trippin Ape Tribe. The latter has been an explosive project on Solana (the former being on Ethereum), and for a brief period today took the lead over Ethereum in 24-hour volume.

Related Reading | Market Sentiment Dangerously Negative As Crypto Fear Index Drops To Two-Year Low

Solana has been featured as the leading ‘altcoin’ NFT community behind NFTs, and while other blockchains continue to make strides, it’s a ‘long game play’ for the broader NFT community. | Source: SOL-USD on TradingView.com
Historic NFT Federal Case Law Underway With ‘MetaBirkins’

A new precedent in NFT case law could be underway, as Hermès battles with artist Mason Rothschild over his ‘MetaBirkins’ NFT project. An analysis of some recent decisions in the case by Pierce Atwood LLP reflects that Rothschild’s were a form of artistic expression fitting under the First Amendment. However, the court will still need to decide whether the project’s name has had “sufficiently compelling” enough evidence to show a likelihood of confusion between the fashion firm’s item and the NFT project name.

The ‘Minty Fresh’ Take

Not wrong.

Holy shit Solana NFTs are exploding

— Magic Eden (@MagicEden) May 25, 2022

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

We’ve had a brief hiatus from our Nightly Mint NFT recaps, but not to worry – we’re back on the wagon. While there’s been plenty of commotion over the past couple weeks during our quick break (yes I’m looking at you goblintown, and you, milady’s), we’re unfortunately going to skip past some of that and stick to the program: covering each day’s latest in a bite-sized report.

As we kick off a closing week in May, let’s look some of Monday’s NFT activity.

The Nightly Mint

Latest Mint: eBay NFTs Unrolling

We’ve heard for quite some time now some brief details around eBay’s interest in engaging with NFTs, but little has come to life – until now. The company’s initial release, in partnership with OneOf, has finally debuted – featuring “animated interpretations of Sports Illustrated covers of iconic athletes,” starting with hockey legend Wayne Gretzky.

Related Reading | XRP Has Broken Below It’s Long Standing Support, What’s Next?

Ethereum NFTs continue to be the undisputed leader, despite continually emerging challengers. | Source: ETH-USD on TradingView.com
A Look At GameStop’s Ethereum NFT Wallet

Ethereum continues to be the NFT gold standard, despite emerging chains such as Solana that are gaining ground (courtesy of Okay Bears and the like). Now we’re seeing competitors come out of left field, and in comes GameStop with their first look at an Ethereum-based NFT wallet today.

The beta version has launched and is available to the public, following a formal announcement from the firm.

The ‘Minty Fresh’ Take

Can music NFTs turn the corner? The industry’s lack of innovation around financial models would seem to suggest so… but consumer adoption and integration will undoubtedly take time.

Spotify is 16 years old, billions invested, went public making investors a boatload, barely turns a profit. No new ideas.

Still vaunted as the most plausible future model for music.

Opensea likely makes 9 figures profit yearly. Artists happy.

When does the narrative shift?

— Mat Dryhurst (@matdryhurst) May 23, 2022

Related Reading | Solana (SOL) Could Register An Upswing Thanks To This Pattern

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

Are we… are we in an NFT bear market? It’s been a cool temperature of NFT seasonality without question. What lies ahead? It’s likely that NFTs aren’t about to disappear overnight, but the madness over late last year going into the beginning of the year will take some time to build up to again.

In the meantime, we’ll keep you updated with all the latest happenings – which today include Robinhood’s intent to offer NFT support and the rising scene around Solana.

The Nightly Mint

Latest Mint: Robinhood NFT Support

Robinhood isn’t exactly a crypto golden child. If anything, it’s been far from the opposite. However, the trading platform is suggesting that NFT support could be included in the firm’s upcoming non-custodial wallet, which reportedly is approaching 2M sign-ups for it’s waiting list. It’s been a long push and pull for Robinhood and crypto, but was by-and-large a major consumer on-boarding for those newer to the space. We’ll see if the same remains true here.

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Solana NFTs have been booming lately. | Source: SOL-USD on TradingView.com
In The Midst Of Quietness, Solana Has Been Shining

Despite a middling market at large, the chatter around the NFT community over recent days has undoubtedly had a highlight on Solana, courtesy of projects like Okay Bears which seem to have that “taking over” sort of feel. It’s literally been dubbed “Solana Summer.”

The ‘Minty Fresh’ Take

If you haven’t been through a crypto bear market, you could certainly be experiencing one now – or maybe the beginning of one. We won’t pretend to know what tomorrow holds. But we don’t see too much fundamental difference around the NFT landscape that exists today relative to 6 months ago in the market.

volume is down 93% month to date

i have seen this a few times since 2017, sometimes as bad as 99%. we stayed, built and played with our nfts while most left

i'll be here next bull, will you be anon? pic.twitter.com/83tWrDK8Wm

— poopie (Jordan Castro) (@poopie) May 17, 2022

Related Reading | This Analyst Believes Ethereum May Lose 80% Of Its Value

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

In the midst of crypto chaos, the NFT market is essentially following suit. We’re here through rain, sleet and snow (and sunshine, of course) with our five-day-a-week report quickly covering some of the brief stories each day around all things NFTs.

While the markets at large continue to get hammered, Instagram is finally moving their feet, and one NFT project that was practically touching ‘blue chip’ status, is seemingly at it’s death bed. Let’s dive in.

The Nightly Mint

Latest Mint: Instagram Finally Begins NFT Testing?

Meta’s Instagram is finally testing NFT integration, after long speculation and dialogue around when and how we could see non-fungible tokens integrated on the platform. In a tweet announcement, Instagram CEO Adam Mosseri stated that testing would begin with “a handful of US creators and collectors who will be able to share NFTs on Instagram,” adding that “there will be no fees associated with posting or sharing a digital collectible on IG.”

Related Reading | Shiba Inu: Biggest Dollar Holding Among Wealthiest Ethereum Whales

Facebook’s Meta has long tried to integrate crypto, blockchain, and other ‘Web3′ compatibility, with little to no success to show for it. Could NFTs on Instagram change that? | Source: NASDAQ: FB on TradingView.com
Are Azuki’s Done For?

NFT Twitter is taking Azuki’s through the mud as chatter spurred across channels that the founder previously created a rugged project, Phunks (and other abandoned projects) – which all started from a blog post from the pseudonymous founder. The floor price practically cut in half – and currently sits around 15 ETH (after averaging double that price earlier this month). Nothing is promised in this space.

The ‘Minty Fresh’ Take

Stay positive, and remember to only risk in these markets what you can afford to lose – after all, your JPEG isn’t going anywhere.

I had this saved. Probably appropriate now to share it. pic.twitter.com/wHKbNkYzMt

— Early Adopter NFT (@EarlyAdopterNFT) May 9, 2022

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Coinbase’s NFT marketplace has underwhelmed by all intents and purposes, and this major coffee monster continues to invite chatter around NFT engagement. Will either of them deliver in the long-run?

Only time will tell, but in the meantime, we’ll grab a daily dose of Nightly Mint to recap some of Thursday’s NFT activity.

The Nightly Mint

Latest Mint: Coinbase NFT Marketplace Struggles

According to Dune data, Coinbase’s NFT marketplace release to the public has been exceptionally disappointing. The marketplace has less than 2,000 users at time of publishing, and the beta release – which had limited access only to select users – was also widely considered as particularly disappointing (after long hype) from the community.

In today’s market, expectations are high, are the need for top-tier players to deliver at a premium level is essentially where the bar is set. To date, few marketplaces have released products that have shown the potential to truly compete with some of the dedicated marketplace products that have established early-mover advantage.

Related Reading | Bitcoin Broke Above The Multi-Week Resistance; What’s Next?

Coinbase has high expectations and thus far, has a lot left to deliver. | Source: NASDAQ: COIN on TradingView.com
Starbucks Loyalty Program

We’ve covered Starbucks intent to delve into NFTs in recent weeks, and now we’re hearing more as the coffee behemoth looks to overcome other struggles throughout it’s business.

Starbucks is slated to launch it’s first NFT release sometime later this year, and is reportedly aiming to integrate them into it’s massive loyalty program – which boasts over twenty million active members.

The ‘Minty Fresh’ Take

Can NFTs serve as the ultimate on-ramp for newcomers?

DeFi had a chance to be the crypto on-ramp for beginners (what clearer value prop than higher APY vs. bank?) but somewhere along the way shit got too complicated.

Now it’s pretty clear to me that the on-ramp is NFTs with creators and brands providing the utility.

— Peter Yang (@petergyang) May 6, 2022

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

Over the weekend we saw how the NFT mint of ‘The Otherside’ metaverse land caused major bottlenecks in Ethereum, and while the discussion of how BAYC can improve – be it through it’s own dedicated chain, or through a more efficient and effective utilization of a non-Ethereum chain – the NFT world continues to turn.

Monday through Friday, we cover each weekday’s action in all things NFTs; let’s pour a refreshing glass of ‘The Nightly Mint‘ and review the action hitting the market as we kick off the month of May.

The Nightly Mint

Latest Mint: A VanEck NFT?

Asset management firm VanEck isn’t releasing an NFT ETF… at least not yet. But VanEck is seemingly deciding to be the first of it’s class to release their own NFTs, in what we would certainly bucket as a “non-traditional” NFT release. Is any NFT release traditional anymore?

The firm will release 1,000 NFTs, according to emerging reports today, which will be aimed to provide early access to the company’s digital asset research as well as exclusive invites to events – hosted both digitally and physically. The NFTs will be minted on the Ethereum network.

Related Reading | Why Terra’s Anchor Protocol Changed Earn Rate To 18% APY

The Ethereum blockchain faced major gas issues and bottlenecks during the mint of ‘The Otherside’ NFTs over the weekend. | Source: ETH-USD on TradingView.com
Yuga Labs Response Leaves Many Less Than Enthused

If you’re paying even just an inkling of attention to the NFT space, you likely heard about Bored Ape Yacht Club’s metaverse NFTs that were released over the weekend. Yuga Labs generated massive revenue from the mint, and secondary sales continue to cook. We’re talking about nearly $1B in sales volume here.

Many users expressed disappointment in how the mint took place, and Yuga Labs took some time to address that in a tweet thread – but many have criticized that Yuga’s response was not in good faith. The truth of the matter is, it is likely that only time will tell.

The ‘Minty Fresh’ Take

Our ‘Minty Fresh’ takes usually highlight funny or insightful tweets that we stumble across, but today we’ll switch it up to provide some spice. While traditional stocks still take a hammering, the NFT market has held up surprisingly well in comparison.

gm pic.twitter.com/46BbOCC3Zv

— Alex Cohen (@anothercohen) May 2, 2022

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

Ragnaroks, Okay Bears, Moonbirds… oh my? A lot of projects that have just headed to mint are showing how quickly this space can move. In just a few short weeks, we’ve got projects – Moonbirds being a prime example – that are being categorized with some of the NFTs GOATs. Seemingly, we’re early. Don’t worry, we didn’t forget about The Otherside NFTs – which are headed to mint tomorrow.

However, we’re closing out the week with quick-hitting stories on a new sports property entering the NFT world and a new record high for BAYC.

The Nightly Mint

Latest Mint: PGA Tour NFTs

We’ve seen the NBA, WNBA, NFL, UFC, MLB and other major leagues across the U.S. test the waters with NFTs. One major sports property we haven’t seen dive in yet is the PGA Tour, golf’s flagship pro property.

The PGA is finalizing a variety of NFT programs that will reward top-performing players with guaranteed funds, according to reports today. The league has locked in Autograph and Sorare as formal partners thus far, and there could be more to come. The opt-in program will reward players on their highlights on a pro-rata basis, and the league is looking to build out a program “designed to create incremental and perpetual royalties to players that requires little to no time commitment.” Digital rights ownership is on the rise.

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The APE token will be utilized in tomorrow’s ‘The Otherside’ drop, leading to massive speculation over the token’s potential price action over the days to come. | Source: APE-USD on TradingView.com
BAYC Sets A New Record Floor

The floor price for a Bored Ape Yacht Club NFT has hit record-highs today, sitting north of 150 ETH – a new high in terms of both ETH and USD. The half a million dollar price tag is over 5X from prices in just October and November. The new ‘status symbol’ is showing no signs of slowing down.

The ‘Minty Fresh’ Take

When you think the top is in, go ahead and buy in.

I’m buying an okay bear so y’alls fun can stop I’m sick of it

— tmas.eth (@itstylersays) April 29, 2022

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

The new Bored Ape Yacht Club metaverse mint, ‘The Otherside,’ is just days away, and the chatter is palpable. While it’s on the heels of the highly anticipated Ragnarok Meta – currently the top traded NFT project in OpenSea over the past day – there’s plenty of excitement to go around regarding the Bored Ape metaverse play.

Meanwhile, a new report from a bevy of federal bodies across the globe says that money laundering and fraud via NFTs is a pain point that needs to be addressed in the space.

The Nightly Mint

Latest Mint: Otherside Hype

Headed to mint this weekend is ‘The Otherside,’ and the speculation alone can pull you into a dozen different directions into how things could play out.

The key points you need to know? Yuga Labs, owners of arguably the three biggest NFT projects on the market, are releasing land plots around the BAYC project – and Yuga has the desire to build an NFT media empire; this could likely be the first step in that attempt. The Otherside drops on Saturday and will cost roughly 605 APE per plot.

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The new BAYC ‘Otherside’ property will be available for purchase solely via the APE token. | Source: APE-USD on TradingView.com
New Report Regarding Fraud & Laundering

A new report from the IRS released today highlights a release from the Joint Chiefs of Global Tax Enforcement (or J5) and is titled “J5 NFT Marketplace Red Flag Indicators.” The report is hefty, but one bite-sized line that has gained traction across publications is 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 plenty of Otherside takes floating around NFT Twitter this week, so here is one certainly worth considering from @osf_nft:

1. The NFT market is about to see the BIGGEST event yet in the next few days…here's why

— OSF (@osf_nft) April 28, 2022

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

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It was a rough start to the week for legacy NFT project Bored Ape Yacht Club, as the project’s Instagram account was hacked – resulting in over $10M worth of NFTs exploited. Meanwhile, the NFL is celebrating the draft with a new collection.

The Nightly Mint

Latest Mint: NFL Draft NFTs

This week is host to the NFL Draft in Las Vegas, where many young athletes will achieve a life-long dream of making it to the league. For the league themselves, however, they’re finding new realms to explore fan engagement, courtesy of the league’s partner in Polygon.

The league’s NFT platform has launched 2022 NFL Draft NFTs for each team, mimicking traditional playing cards.

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Polygon is host to the NFL’s NFT platform, which is breaking out a new collection this week in celebration of the 2022 NFL Draft. | Source: MATIC-USD on TradingView.com
BAYC Instagram Hacked

Over $10M worth of NFTs were hacked due to a fake Instagram post on the official BAYC instagram account today, including 4 Bored Apes, 7 Mutant Apes, and much more. It’s another vulnerability in social media that has costed users their tokens – one that is typically reserved for sites like Twitter and Discord thus far. However, no social media is safe – and today is no exception. In this case, the scammer used the social media channel to offer a fake airdrop that utilized a contract signature on user wallets enabling the scammer to seize wallet assets from the unsuspecting non-fungible token owners.

Zachxbt has traced the funds to accounts on KuCoin and Binance, but as he notes, they are likely accounts that are utilizing stolen identities.

The ‘Minty Fresh’ Take

Sometimes that’s just how it goes.

it is becoming increasingly clear that i hate money pic.twitter.com/x2PCfh8hgj

— NateAlex ლ⚈෴⚈ლ (@NateAlexNFT) April 26, 2022

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A mint fee that got lost in the… ether? We save our puns for Friday. A new NFT project had a contract bug that is resulting in tens of millions of dollars potentially locked for eternity.

The Nightly Mint

Latest Mint: AkuDreams & A Stuck Contract

Over 11,000 ETH was seemingly permanently locked in new NFT collection, AkuDreams, after a programming error left the contract stuck – unable to be retrieved both by individuals and by the dev team. We’ll spare the technical details, but the development around a ‘processRefunds()’ function, paired with a griefer who took advantage of the sloppy code, resulted in the contract being permanently stuck.

$34 million, or 11,539 eth, is permanently locked into the AkuDreams contract forever. It cannot be retrieved by individual users or by the dev team.

The refund processing, which is complete, sets each bid status to 1. pic.twitter.com/6GnQPnddC6

— foobar (@0xfoobar) April 23, 2022

However, the griefer’s motives were unintentional, according to a tweet thread from the AkuDreams team; nonetheless, it seems that the contract code is still resulting in 11K+ ETH locked.

Related Reading | Time Vs Price: Why This Bitcoin Correction Was The Most Painful Yet

Over 11,000 ETH are seemingly locked as part of a faulty contract error in new NFT project, AkuDreams. | Source: ETH-USD on TradingView.com
RTFKT’s New Release… Underwhelms?

RTFKT has been building hype over it’s upcoming Monolith (MNLTH) release, and the official reveal finally dropped today with new NFTs of digital sneakers. RTFKT first made headlines last year after being acquired by Nike. So it shouldn’t be too shocking to see Nike’s first real attempt at digital sneakers coming to life – after all, the company has previously shown efforts to pursue legal battles against StockX to protect digital IP usage of the Nike swoosh. Nonetheless, NFT collectors had a pretty high bar of expectations set around MNLTH.

While public feedback seemed to show some essence of disappointment, the MNLTH floor is still above 10 ETH at time of writing.

The ‘Minty Fresh’ Take

Who could’ve fathomed?

literally NO ONE could have seen that NIKE'S new NFT reveal was a DIGITAL SHOE it's WILDLY out of left field here and I am DEVASTATED I simply cannot believe NIKE is in the business of DIGITAL SHOES IN SHOE BOXES (MNLTH)

— Jacob Martin (@thenftattorney) April 22, 2022

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It was a slow news day for all things NFT, but many of the concurrent stories that have dominated headlines throughout the week thus far have continued on their journeys, as we spectate the progression of MoonBirds, as well as the NBA’s struggling ‘The Association’ project, and more.

Thank goodness it’s Thursday, headed into Friday, with another Nightly Mint.

The Nightly Mint

Latest Mint: MoonBird Criticism

MoonBirds were criticized from the jump about their high mint price, and that isn’t slowing down one bit. There’s increased criticism over the last day regarding MoonBirds being gifted to celebrities and influencers. Nonetheless, price action around the project still remains strong, as the floor is now surged strongly above 30ETH, and volume within the project is still far above any other NFT collection currently. The floor over the past 24 hours (at time of publishing) has risen by over 35%, according to Nansen’s NFT data.

Moonbirds themselves are not to blame, but the mental effects & discouragement in result, is real. High mint price, while everyone else is struggling. Influencers showing off. It’s really taking the inclusiveness away from NFTs. If you’re reading this, just know you aren’t alone.

— NFT Update (@NFTupdate) April 22, 2022

Related Reading | Why A “Boring” Bitcoin Could Be A Good Thing

The UFC’s partnership with Dapper Labs runs on the Flow blockchain; UFC fighter Nate Diaz had some choice words surrounding the league’s latest NFT release. | Source: FLOW-USD on TradingView.com
Sports & NFT Update: UFC’s Nate Diaz & NBAxNFT’s Latest

UFC fighter Nate Diaz has been making the rounds over the past day after tweets from Wednesday gained traction regarding the fighter’s disdain for the UFC’s latest NFT release via Dapper Labs. Diaz accuses the league of taking advantage of a situation for personal gain in releasing NFTs on 4/20 (widely considered a ‘cannabis holiday’) after suspending his brother from the league for several years for cannabis use.

Meanwhile, the NBA continues to take a toll with it’s NBAxNFT project, dubbed ‘The Association.’ After major flaws were exposed in the project’s contract, the team released an update early on Thursday that resulted in an expansion of minting from the initial 18,000 to 30,000. If you’re familiar with NFTs, you can guess how the community reacted to that news.

The ‘Minty Fresh’ Take

Can Yuga Labs Otherside overpower the momentum of MoonBirds?

If you thought the fomo with Moonbirds was bad, just wait for @yugalabs Otherside. This is arguably the biggest drop in the history of NFT’s. The level of fomo will be at an all time high. It’s going to be a fun week. Stay safe and don’t overextend yourself. #BAYC #OTHERSIDE

— renegademaster / guccibayc.eth (@renegademasterr) April 21, 2022

Related Reading | The Top 5 Most Valuable NFT Collections And A Tool To Track Them Down

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

After yesterday’s Mint coverage around the incoming NBA NFT release, today’s drop was more… flop. Meanwhile, the long-awaited Coinbase NFT platform is finally opening it’s doors, albeit only to a limited amount of beta testers thus far.

A lot of hype with limited delivery in today’s Mint, but that’s just how the cookie crumbles sometimes. We’ll give you a quick dose of reality Monday through Friday with all the biggest stories around NFTs.

The Nightly Mint

Latest Mint: Coinbase’s NFT Platform

In a new announcement today, Coinbase shared that after first introducing Coinbase NFT last year, the company is finally rolling out the product. It started today with limited access for beta testers, based on their position on the waitlist. Ethereum, of course, is the first blockchain to be supported on Coinbase NFT; screenshots shared thus far have compared Coinbase NFT to the likes of Instagram, with profile pages, ‘followers’ and ‘following’ tabs, verified checkmarks, and comment sections. The crossover between social media and NFTs is inevitable, and Coinbase certainly could serve as the first true bridge.

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Coinbase has taken heat for it’s lack of movement on it’s NFT product, but critics will need to shift their critique this week, as the company has finally unveiled it’s beta version to limited testers. | Source: NASDAQ: COIN on TradingView.com
A Follow Up On NBAxNFT

Yesterday’s Mint praised the NBA for being one of the most aggressive sports leagues in the growing blockchain landscape. Unfortunately with aggressive moves, comes risk, and the dynamic NFTs – powered on Ethereum – released today fell short of expectations. ‘The Association’ collection had a contract error that did not limit or gate transactions as intended, leaving some users with the ability to mint over 100 NFTs.

We recognize the issues with the smart contract which caused the Allow List supply to sell out prematurely. We apologize for this situation and are currently identifying the Allow List wallets that were not able to mint as a result.

— NBAxNFT (@NBAxNFT) April 20, 2022

The ‘Minty Fresh’ Take

A great recap from @TopshotTandy on Twitter to reflect how much of a mess today’s NBAxNFT release was. Kudos to the league for continuing to take risk, but as we’ve seen time and time again in this space, without diligent and careful engineers, things can go south quickly.

Today was @NBAxNFT 10,000 Allow List mint. The rules were "1 NFT per wallet". Yet there are 15,925 minted, some wallets with up to 100 NFTs. pic.twitter.com/Lt2TMkp8Rf

— Tandyman (@TopshotTandy) April 20, 2022

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

As the NBA gets it’s playoff action in full swing, the league is minting a new dynamic NFT collection, there’s a new potential exploit on OpenSea’s Solana NFTs – oh and yes, Moonbirds are still going crazy.

Let’s jump into some of the biggest stories from the past day in NFT action.

The Nightly Mint

Latest Mint: NBA’s New Dynamic NFT

The NBA was one of the first major sports to dabble with NFTs with a deal with Dapper Labs. Other leagues and properties have followed suit. Could the league be leading the way again this week? The NBA is releasing an NFT collection consisting of 18,000 dynamic NFTs that change based on individual athlete performance.

The collection will be dubbed ‘The Association,’ and will consist of 75 NFTs of each player from the 16 different NBA teams participating. The mint is reportedly free (just gas on Ethereum) and consists of player IP integration in the design.

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Solana is recently added to OpenSea, and there may be an exploit that users aren’t keeping in mind. | Source: SOL-USD on TradingView.com
Moonbirds… Still

After Monday’s wild recap over some of the weekend activity with Moonbirds, we can confirm… Moonbirds are still going crazy. At time of publishing, the floor still sits around 20 ETH, and the project has been a volume-leader for NFTs, according to data from Nansen. The digital howls have booming since the start of last weekend, blowing some of the biggest project volumes out of the water.

The ‘Minty Fresh’ Take

Revoking access on wallet’s access to old, unused, and/or vulnerable dApps:

Mini-Thread: Possible @opensea x $SOL NFTs exploit

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— Ichigo (@0xIchigo) April 19, 2022

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.