The NFT ecosystem had a quiet day on Wednesday, but there is always action to cover. Residents of Shanghai are creating NFTs to shed light on the current situation, and there are dramas that are causing cracks in the blockchain NFT market other than Ethereum. Dive into these latest stories from Wednesday’s activities.
Nightly mint
Latest Mint: Shanghai Residents
Shanghai residents are facing the blockade of COVID-19 and heading for OpenSea – have an OpenSea account titled “”April voice‘Creating an NFT showing an internal perspective from the lockdown in Shanghai.
The Chinese government has gained a particular stance and reputation for censorship, COVID-19, and even cryptocurrencies. This latest move from some Shanghai users can be very dangerous, but some individuals clearly see it as a way to tell their story.
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Terra Luna's Luart could be on the way out after community frustration has bubbled to the surface lately. | Source: LUNA-USD on TradingView.com
Terraluna’s NFT ecosystem faces growth pain
We won’t cover the growing chain of NFTs as much as we need to discuss here. Nightly mint – But on Wednesday’s late News Day, it was Terra Luna who faced NFT challenges through one of its major markets, Luart.
Like many growing blockchains, the Terra Luna NFT ecosystem is young, with various marketplaces such as Luart, Random Earth, and One Planet competing for the top spot. Luart has recently faced challenges, including some users trying to take advantage of the low ball mechanism. According to community members, Marketplace today hosted about three hours of AMA on Twitter Spaces, which was clearly a disaster.
“Mint Fresh” Take
There is little guarantee for this space.
I regret not owning an NFT.
— Mike DAOdas (🏌️♂️, ⛳️) (@mdudas) May 5, 2022
Related reading | Is crypto legalization still unknown in Pakistan?
Featured image from Pexels, Charts from TradingView.comThe writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
