The Nightly Mint: Daily NFT Recap
May 25 2022 - 9:31PM
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We’re wrapping up the last full week of May, and the NFT market is
seemingly still performing strongly – considering the middling
cryptocurrency market at large. Meanwhile, Solana NFTs are getting
a nice boost in what the community is calling ‘Solana Summer.’ Can
a rising tide lift all boats? Additionally, U.S. case law around
NFTs – largely unprecedented thus far – is seeing new decisions
that could have major impacts on how legal courts interpret NFT
cases in the future. The Nightly Mint Latest Mint: Solana NFTs,
Apparently If you’re keeping up with the hype, dominating the
conversation this week has been goblintown and Trippin Ape Tribe.
The latter has been an explosive project on Solana (the former
being on Ethereum), and for a brief period today took the lead over
Ethereum in 24-hour volume. Related Reading | Market Sentiment
Dangerously Negative As Crypto Fear Index Drops To Two-Year Low
Solana has been featured as the leading 'altcoin' NFT community
behind NFTs, and while other blockchains continue to make strides,
it's a 'long game play' for the broader NFT community. | Source:
SOL-USD on TradingView.com Historic NFT Federal Case Law Underway
With ‘MetaBirkins’ A new precedent in NFT case law could be
underway, as Hermès battles with artist Mason Rothschild over his
‘MetaBirkins’ NFT project. An analysis of some recent decisions in
the case by Pierce Atwood LLP reflects that Rothschild’s were a
form of artistic expression fitting under the First Amendment.
However, the court will still need to decide whether the project’s
name has had “sufficiently compelling” enough evidence to show a
likelihood of confusion between the fashion firm’s item and the NFT
project name. The ‘Minty Fresh’ Take Not wrong. Holy shit Solana
NFTs are exploding — Magic Eden 🪄 (@MagicEden) May 25, 2022 Related
Reading | TA: Ethereum Forms Bullish Pattern But This Level Is
Crucial 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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