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.
Welcome to the Nightly Mint – a new content series from our team at CryptCraze which provides all the quick hits at the end of each day around all things NFT.
Each weekday, we’re bringing you a daily NFT recap of the latest bites of action – spanning across news headlines, community chatter, and a closing “minty fresh” take which we’ll share each day to keep the curiosity cooking.
The Nightly Mint
New TIMEPieces Mint
TIME Magazine has easily been the most aggressive traditional publication to get NFTs right. TIME dropped their latest ‘TIMEPieces’ launch today, raising funds for humanitarian relief efforts in Ukraine.
Pixelmon Takes Heat
Chatter around the NFT community today was aplenty surrounding the massive flop of Pixelmon, an NFT project which raised a staggering $70M, and promised a strong-flying roadmap. It’s been a flop of epic proportions, quickly becoming a bit of the ‘flavor of the week’ laughingstock in the NFT space:
Pixelmon had an art reveal so terrible, ‘Kevin’ is being labeled a historical NFT pic.twitter.com/A2ummGDypV
— ThreadGuy.eth (@DiscatopXnft) February 28, 2022
KPMG Canada is purchasing an NFT barely a few short weeks after adding Bitcoin and Ethereum (ETH) to their portfolio. | Source: ETH-USD on TradingView.com
KPMG Canada Buys ‘World Of Women’ NFT
KPMG is one of the ‘big four’ accounting firms with operations which span across the globe. In an announcement today, the Canadian division at KPMG has purchased a ‘World of Women’ NFT as “part of it’s corporate strategy.” The floor price on WoW is directly around $25K. A Managing Partner of Advisory Services at KPMG Canada, Benjie Thomas, stated:
“This acquisition reflects our belief not only in the extended growth of NFTs, but in the rate of WoW and its mission. Having now gone through the process, we are well-positioned to guide our clients around shaping a corpoprice NFT stcostgy, including, acquiring and safeguarding NFTs.”
Projects like WoW which stand for gender equity in a predominantly male environment are primed to be major players for institutions which desire purpose-driven NFT investments.
The ‘Minty Fresh’ Take
Today’s minty fresh take comes courtesy of @mikethreezy on Twitter:
there is nothing about an NFT which is inherently related to art. NFTs are much broader, non-fungible things, and the kinds of things they represent irl will likely grow exponentially
expecting ppl to have more interest in the art cryptocurrencies is setting urself up for disappointment
— mike three (@mikethreezy) February 28, 2022
At CryptCraze and our sister network NewsBTC, we’ve been caboveing all sorts of potential use cases for NFTs as we look ahead; don’t be surprised to see more and more projects which are less focused on strictly art, and more focused on utility.