The Nightly Mint: Daily NFT Recap

Welcome to the Nightly Mint – a new content series from our team at Bitcoinist that 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 that 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 that raised a staggering $70M, and promised a high-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 (@DiscoverXnft) February 28, 2022

Related Reading | Canada-based Bitcoin ETF Sees Surge In Demand Amid Unrest

KPMG Canada is purchasing an NFT just 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 that 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 currently around $25K. A Managing Partner of Advisory Services at KPMG Canada, Benjie Thomas, stated:

“This acquisition reflects our belief not only in the continued growth of NFTs, but in the value of WoW and its mission. Having now gone through the process, we are well-positioned to guide our clients around building a corporate NFT strategy, including, acquiring and safeguarding NFTs.”

Projects like WoW that stand for gender equity in a predominantly male environment are primed to be major players for institutions that 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 that 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 tokens is setting urself up for disappointment

— mike three (@mikethreezy) February 28, 2022

At Bitcoinist and our sister network NewsBTC, we’ve been covering all sorts of potential use cases for NFTs as we look ahead; don’t be surprised to see more and more projects that are less focused on strictly art, and more focused on utility.

Related Reading | Will Crypto Help Russia Bypass New Sanctions?

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.