Started by Bitcoin, Mar 18, 2022, 03:38 am
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In today’s Nightly Mint, we’re checking in on a follow up from yesterday’s report on the new Bored Ape Yacht Club token, ApeCoin. We’re taking a quick look at a major entertainment and tech company that could be the next in line to integrate NFTs. Oh, and we found the ultimate finesse courtesy of an Ethereum flash-loan.
Sit back, relax, and enjoy a refreshing evening Mint.
Yesterday’s Mint covered ApeCoin, the first-ever official Bored Ape Yacht Club token. Shortly after yesterday’s report, the token quickly began trading on dApps like Uniswap.
As expected, many airdropped holders seemingly sold their free bag for some quick cash, and many buyers faced liquidity issues in early trading. According to CoinGecko at time of publishing, the ApeCoin token has already surged to a top 100 in market cap – an impressive feat in such short time.
Additionally, data from Nansen showcases that the floor price of BAYC and MAYC NFTs has dropped over the past 24 hours, with Bored Apes falling roughly 10% and Mutants falling roughly 20% throughout the first day of Ape token trading.
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The rumor mill is buzzing today as Spotify is rumored to be evaluating NFTs; the music streaming powerhouse has new job listings that allude to crypto and NFT engagement. What’s the size and scope of potential utilization on Spotify? Of course, the ceiling is sky-high, by the company’s conduciveness to engage in the space is yet to be determined.
The hustle in crypto can get pretty giga-brained. This finesse move is one that you simply have to respect.
Someone just flashloaned 6 apes from NTFX, claimed the $APE, and sent them back in one transaction https://t.co/9nYYFyI6JS
— Jorge (@nftjorge) March 17, 2022
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