CryptocurrencyThe Nightly Mint: Daily NFT Recap

The Nightly Mint: Daily NFT Recap

The new Bored Ape Yacht Club metaverse mint, ‘The Otherside,’ is just days away, and the chatter is palpable. While it’s on the heels of the highly anticipated Ragnarok Meta – currently the top traded NFT project in OpenSea over the past day – there’s plenty of excitement to go around regarding the Bored Ape metaverse play.

Meanwhile, a new report from a bevy of federal bodies across the globe says that money laundering and fraud via NFTs is a pain point that needs to be addressed in the space.

The Nightly Mint

Latest Mint: Otherside Hype

Headed to mint this weekend is ‘The Otherside,’ and the speculation alone can pull you into a dozen different directions into how things could play out.

The key points you need to know? Yuga Labs, owners of arguably the three biggest NFT projects on the market, are releasing land plots around the BAYC project – and Yuga has the desire to build an NFT media empire; this could likely be the first step in that attempt. The Otherside drops on Saturday and will cost roughly 605 APE per plot.

Related Reading | Dogecoin Displays A Falling Wedge Pattern; Here’s What It Means

The new BAYC 'Otherside' property will be available for purchase solely via the APE token. | Source: APE-USD on

New Report Regarding Fraud & Laundering

A new report from the IRS released today highlights a release from the Joint Chiefs of Global Tax Enforcement (or J5) and is titled “J5 NFT Marketplace Red Flag Indicators.” The report is hefty, but one bite-sized line that has gained traction across publications is this one:

“While the majority of cryptocurrency owners and those purchasing NFTs are doing so for righteous reasons, criminals look for any way to exploit new technologies. Cryptocurrencies and NFTs are not immune.”

The ‘Minty Fresh’ Take

There are plenty of Otherside takes floating around NFT Twitter this week, so here is one certainly worth considering from @osf_nft:

Related Reading | Litecoin Drops 87% Trading Volume In Q1 2022

Featured image from Pexels, Charts from
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

Original Source Link

Latest News

Apple’s apps of the year include a hiking guide, a unique streaming service, and more

The maker of iPhones, iPads, and Macs just revealed its annual picks for the year’s best apps. On Wednesday,...

Elon Musk tells advertisers trying to ‘blackmail’ X — ‘Go fuck yourself’

Billionaire entrepreneur Elon Musk is making the headlines again, this time for an expletive-laden outburst on live TV...

Federal Reserve not ready to start talking about interest rate cuts

Federal Reserve officials are preparing to leave their historic interest-rate raising campaign on hold next month for the...

Many former Linda Yaccarino's associates describe her as difficult, volatile but hardworking, and say high self-regard made her think she could manage Elon Musk...

Kim Masters / The Hollywood Reporter: Many former Linda Yaccarino's associates describe her as difficult, volatile but hardworking,...

OhioHealth Pickerington Methodist Hospital Poised To Open In Ohio

OhioHealth (Columbus, Ohio) expects to open the OhioHealth Pickerington Methodist Hospital in Pickerington, Ohio, in early December. Situated on 30...

Yes, Heavy Regulation Hurts the Economy. Just Look at France.

It's fashionable to claim that the free market ideas of Nobel laureate economist Milton Friedman have failed the...

Must Read

Blood thickening tied to gender-affirming testosterone is rare

People who take testosterone as gender-affirming care face...

How house hacking is helping Gen Z, millennials become homeowners

A couple assembling furniture.Drazen_ | E+ | Getty...
- Advertisement -

You might also likeRELATED
Recommended to you