Despite the slowdown in the holidays, there’s a lot of news in the NFT market this week: a crypto exchange is looking into the possibility of using your NFTs as collateral, Elon Musk and Jack Dorsey showed a lack of enthusiasm …

NFT Market News: Leveraged NFT? Kraken said … why not?

An NFT marketplace that doubles as a credit platform? Mortgage NFT is an idea that has grown in popularity quite a bit, but the idea has not yet been implemented by the biggest players. Kraken appears to be changing that according to recent reports.

NFT Market News: The Debate About the Term “Web3”

Like it or not, celebrity crypto advocates Elon Musk and Jack Dorsey have certainly driven growth when it comes to brick and mortar awareness and acceptance of cryptocurrencies. However, both Musk and Dorsey have recently voiced skepticism about much of the fuss surrounding Web3.0, describing the phenomenon as some sort of “repackaged Web2.0”. ‘Bitcoin maxi’, although he claims the big pictures are more than just Bitcoin.

This week, a crypto personality and writer, CroissantEth, voiced a reprimand. Other people in the crypto room, like Chris Dixon from a16z, also have something to say.

NFT Market News- NFT ‘Flippening’: BAYC exchange challenges CryptoPunks …

While the traditional crypto conversation revolves around the battle between Bitcoin and Ethereum, there is increasing discussion of the “flipping” in the NFT world, typically Bored Ape Yacht Club and CryptoPunks.

Of course, punks had a “hereditary” identity as the man behind the early days of NFT’s performance. CryptoPunks is arguably the first NFT profile photo, a status and community symbol that paved the way for the NFT space. However, the Bored Ape Yacht Club has taken a pioneering role in the community position – it has created a group of individuals with a common sense of identity that is unparalleled in the world of NFTs. The Yacht Club’s recent partnership with Adidas is a perfect example of this. Even so, both monkeys and punks have certainly cemented themselves as “blue chip” NFT projects in an emerging sea of ​​NFT communities.

Currently, BAYC has a minimum price of 54.19 ETH on OpenSea, while the CryptoPunk exchange on the Larva Labs website is 65.50 ETH. This week, however, there is increasing talk of a possible “discount” between monkeys and punks. In the last few days, the BAYC exchange has really turned the punk exchange inside out – but it didn’t take long. However, the growing momentum in the ape community suggests the turnaround could be a permanent change.

NFT Market News: Instagram could launch NFT in 2022

Instagram CEO Adam Mosseri hosted this week’s AMA on the platform last weekend and raised questions about the future of the platform. When asked about NFTs, Mosseri suggested that the social media platform investigate them, saying:

“Nothing to announce yet, but we are definitely actively researching NFTs and how we can make them more accessible to a wider audience. I think it’s a fun place for us to play and hopefully a way to help YouTubers. “

No potential features or details on how the platform might enter the room have been released. However, Mosseri’s statement should come as no surprise to those watching crypto engagement on social media, especially given the newly redesigned Instagram brand owned by Meta (Facebook).

Facebook (meta) and the image-focused social media platform Instagram are examining potential NFT integration options. Don’t be surprised if one or both platforms opt out of NFT functionality starting in 2022.

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