One of the biggest NFT projects might not be releasing a new mint, but they are releasing a new token. A new network has added NFT support. And the ‘doc’ is doubling down after a recent announcement.
Just a daily dose of NFTs courtesy of your Nightly Mint. Let’s review.
The Nightly Mint
Latest Mint: The New Bored Ape Token
Yuga Labs has had a smashing March. After easily the biggest acquisition yet to be seen in the NFT space in just the past week, the Bored Ape Yacht Club creators came back with a splash with the announcement of their new ApeCoin token. In recent days, Yuga acquired CryptoPunks and Meebits from Larva Labs.
The ApeCoin token is expected to be trading within the next 24 hours, with supported exchanges to be announced soon.
Related Reading | Small Cap Altcoins In The Green In Pre-Spring Crypto Surge
1inch's wallet service is now supporting NFTs. The network has traditionally taken a stronger approach towards DeFi. | Source: 1INCH-USD on TradingView.com
1inch Adds NFT Support
DeFi blockchain protocol network 1inch has added NFT support for it’s native wallet. The 1inch Wallet now features a direct OpenSea API (courtesy of some collaborative efforts between the two), allowing users to see their owned NFTs directly in the 1inch Wallet, and can send NFTs to other wallets.
The maneuver comes following NFT releases from the protocol, as well as sponsorship of a crypto-themed animated NFT series.
The ‘Minty Fresh’ Take
The impact of ApeCoin is difficult to measure, and finding a ceiling for potential is unbelievably difficult.
The BAYC is in some ways a bit of a double edged sword, giving NFTs both a good and bad reputation — they've done a LOT for mainstream adoption, but they're also gaining all the wrong sorts of attention too (ie people thinking all NFTs = expensive monkey jpegs; but to be fair,…
— zeneca.eth (3,3) 🔮 (@Zeneca_33) March 17, 2022
Related Reading | TA: Ethereum Climbs To $2,800, Why Dips Could Be Attractive
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.