The Nightly Mint: Day by day NFT Recap

by Cryptospacey

The brand new Bored Ape Yacht Membership metaverse mint, ‘The Otherside,’ is simply days away, and the chatter is palpable. Whereas it’s on the heels of the extremely anticipated Ragnarok Meta – at the moment the high traded NFT mission in OpenSea over the previous day – there’s loads of pleasure to go round relating to the Bored Ape metaverse play.

In the meantime, a brand new report from a bevy of federal our bodies throughout the globe says that cash laundering and fraud by way of NFTs is a ache level that must be addressed within the area.

The Nightly Mint

Newest Mint: Otherside Hype

Headed to mint this weekend is ‘The Otherside,’ and the hypothesis alone can pull you right into a dozen totally different instructions into how issues might play out.

The important thing factors it’s essential know? Yuga Labs, house owners of arguably the three greatest NFT initiatives available on the market, are releasing land plots across the BAYC mission – and Yuga has the need to construct an NFT media empire; this might possible be step one in that try. The Otherside drops on Saturday and can price roughly 605 APE per plot.

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The brand new BAYC 'Otherside' property will probably be obtainable for buy solely by way of the APE token. | Supply: APE-USD on TradingView.com

New Report Concerning Fraud & Laundering

A brand new report from the IRS launched at present highlights a launch from the Joint Chiefs of World Tax Enforcement (or J5) and is titled “J5 NFT Market Pink Flag Indicators.” The report is hefty, however one bite-sized line that has gained traction throughout publications is that this one:

“Whereas nearly all of cryptocurrency house owners and people buying NFTs are doing so for righteous causes, criminals search for any technique to exploit new applied sciences. Cryptocurrencies and NFTs will not be immune.”

The ‘Minty Recent’ Take

There are many Otherside takes floating round NFT Twitter this week, so right here is one actually price contemplating from @osf_nft:

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Featured picture from Pexels, Charts from TradingView.com
 The author of this content material shouldn't be related or affiliated with any of the events talked about on this article. This isn't monetary recommendation.



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