Are we… are we in an NFT bear market? It’s been a cool temperature of NFT seasonality with out query. What lies forward? It’s possible that NFTs aren’t about to vanish in a single day, however the insanity over late final yr going into the start of the yr will take a while to construct as much as once more.
Within the meantime, we’ll preserve you up to date with all the most recent happenings – which in the present day embody Robinhood’s intent to supply NFT assist and the rising scene round Solana.
The Nightly Mint
Newest Mint: Robinhood NFT Help
Robinhood isn’t precisely a crypto golden baby. If something, it’s been removed from the other. Nonetheless, the buying and selling platform is suggesting that NFT assist could possibly be included within the agency’s upcoming non-custodial pockets, which reportedly is approaching 2M sign-ups for it’s ready listing. It’s been an extended push and pull for Robinhood and crypto, however was by-and-large a serious shopper on-boarding for these newer to the house. We’ll see if the identical stays true right here.
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Solana NFTs have been booming these days. | Supply: SOL-USD on TradingView.com
In The Midst Of Quietness, Solana Has Been Shining
Regardless of a middling market at giant, the chatter across the NFT neighborhood over current days has undoubtedly had a spotlight on Solana, courtesy of initiatives like Okay Bears which appear to have that “taking on” form of really feel. It’s actually been dubbed “Solana Summer season.”
The ‘Minty Recent’ Take
In case you haven’t been via a crypto bear market, you would actually be experiencing one now – or perhaps the start of 1. We received’t faux to know what tomorrow holds. However we don’t see an excessive amount of basic distinction across the NFT panorama that exists in the present day relative to six months in the past available in the market.
quantity is down 93% month to this point
i’ve seen this just a few occasions since 2017, generally as unhealthy as 99%. we stayed, constructed and performed with our nfts whereas most left
i will be right here subsequent bull, will you be anon? pic.twitter.com/83tWrDK8Wm
— poopie (Jordan Castro) (@poopie) May 17, 2022
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Featured picture from Pexels, Charts from TradingView.com The author of this content material isn't related or affiliated with any of the events talked about on this article. This isn't monetary recommendation.