The Nightly Mint: Daily NFT Recap

Stripe is the most recent firm to be highlighted in our ‘Latest Mint’ section, FTX is spending a few dollars in partnerships that span beyond sport, and we’re back with more affirmations that you should probably be zooming out. It’s all in a day’s work here at the Nightly Mint. Let’s dive into some of the biggest stories surrounding NFTs from the past 24 hours.

The Nightly Mint
Latest Mint: Stripe’s Support Of NFTs

Stripe co-founder John Collison tweeted today that the financial services firm would now be supporting businesses around “exchanges, on-ramps, wallets, and NFT marketplaces.” What does that fully entail?

Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces. Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more. https://t.co/3X173SkdPd

— John Collison (@collision) March 10, 2022

Full scope is still to be determined, even as it applies in the short-term, but it looks like NFTs could see substantial support. The formal announcement stated that Stripe will “help you launch your first NFT or crypto project fast, while fulfilling regulatory requirements, reducing fraud losses, and keeping sensitive data secure.”

Related Reading | How Secretum Plans To Take Over NFT Gaming

FTX’s token (FTT) has run the gambit on price swings lately, and is beginning to look at music partnerships at a major level for the first time. | Source: FTT-USDT on TradingView.com
FTX Enters Music Industry With NFTs In Partnership With Tomorrowland Festival

FTX has taken a big position in sports sponsorship over the past year or two, and now the growing exchange is expanding it’s focus to broader entertainment – securing a deal with massive Belgian electronic festival Tomorrowland.

The ‘Minty Fresh’ Take

There’s been chatter in CT around EtherRocks, and the fact that despite being not nearly as frequently mentioned as big projects (and not mentioned nearly as frequently as it used to be) – but yet, the floor price is still over $600M.

The NFT market’s attention span feels painfully short

— nathanhead.eth (@NathanHeadPhoto) March 10, 2022

Related Reading | Ethereum Crosses $5 Billion In ETH Burned As Momentum Picks Up

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.