The Nightly Mint: Daily NFT Recap
06 Mai 2022 - 10:47AM
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Coinbase’s NFT marketplace has underwhelmed by all intents and
purposes, and this major coffee monster continues to invite chatter
around NFT engagement. Will either of them deliver in the long-run?
Only time will tell, but in the meantime, we’ll grab a daily dose
of Nightly Mint to recap some of Thursday’s NFT activity. The
Nightly Mint Latest Mint: Coinbase NFT Marketplace Struggles
According to Dune data, Coinbase’s NFT marketplace release to the
public has been exceptionally disappointing. The marketplace has
less than 2,000 users at time of publishing, and the beta release –
which had limited access only to select users – was also widely
considered as particularly disappointing (after long hype) from the
community. In today’s market, expectations are high, are the need
for top-tier players to deliver at a premium level is essentially
where the bar is set. To date, few marketplaces have released
products that have shown the potential to truly compete with some
of the dedicated marketplace products that have established
early-mover advantage. Related Reading | Bitcoin Broke Above The
Multi-Week Resistance; What’s Next? Coinbase has high expectations
and thus far, has a lot left to deliver. | Source: NASDAQ: COIN on
TradingView.com Starbucks Loyalty Program We’ve covered Starbucks
intent to delve into NFTs in recent weeks, and now we’re hearing
more as the coffee behemoth looks to overcome other struggles
throughout it’s business. Starbucks is slated to launch it’s first
NFT release sometime later this year, and is reportedly aiming to
integrate them into it’s massive loyalty program – which boasts
over twenty million active members. The ‘Minty Fresh’ Take Can NFTs
serve as the ultimate on-ramp for newcomers? DeFi had a chance to
be the crypto on-ramp for beginners (what clearer value prop than
higher APY vs. bank?) but somewhere along the way shit got too
complicated. Now it’s pretty clear to me that the on-ramp is NFTs
with creators and brands providing the utility. — Peter Yang
(@petergyang) May 6, 2022 Related Reading | Cardano Prepares For
Major Update; Will It Be Enough To Push Bears Back? 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.
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