NFT Market Update 21st December 2022

Polygon blockchain has partnered with neobanking app hi and Mastercard to introduce a platform that allows users to create personalized, web3-focused NFT debit card. The partnership is the latest strategic move by Polygon, which is trying to become the face of gasless fees for NFTs.

Multiple news outlets have reported that Sam Bankman Fried is heading back to the United States as early as Wednesday. Once he lands in the U.S., Bankman-Fried is facing several charges, including fraud, money laundering, and conspiracy linked to the collapse of FTX. If found guilty on all counts, the former billionaire could spend the rest of his life in prison.

Sandeep Nailwal, co-founder of Polygon, has launched a new Web3 accelerator in New York City called Beacon. Beacon describes itself as “an accelerator built by Web3 founders for Web3 founders,” and its mission is to create the next 100 Web3 unicorns.

Solana News

Major upcoming mint, Taiyo Pilots officially announced their mint date on 29th December 2022. The looming mint has long been touted as a pivotal influx of volume for the Solana NFT ecosystem.

Hyped Solana mint, Knittables sold out their 10K 3D-animated collection today. Whilst other high supply projects have struggled to mint out over the last two weeks, Knittables raised 500K USD and the collection has over 50% unique ownership.