ALGOUSD Algorand

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. The Nightly Mint Latest Mint: Shanghai Residents Residents in Shanghai have faced COVID-19 lockdowns, and are headed to OpenSea – with an OpenSea account titled ‘Voice of April‘ minting NFTs that show the inside perspective from Shanghai lockdowns. 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. Related Reading | Institutional Investsors Exit Market As Crypto Declines, New Report Reveals 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 Terra Luna’s NFT Ecosystem Faces Growing Pains We don’t often cover NFTs on growing chains as much as we should here on The Nightly Mint – however on a slower newsday on Wednesday, it was Terra Luna who faced NFT challenges through one of it’s major marketplaces, Luart. 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. The ‘Minty Fresh’ Take There are few guarantees in this space. You will regret not owning NFTs. — Mike DAOdas (🏌️‍♂️, ⛳️) (@mdudas) May 5, 2022 Related Reading | Amidst A New Development, Algorand Could Be Eyeing $1 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.