Steve
@sdv.eth
https://warpcast.com/wanderloots.eth/0xfb4a2a5d
12 replies
15 recasts
88 reactions
๐๐ก๐๐ฃ๐
@blankspace
> ask yourself why NFTs are a dead narrative? 721/1155 vs 20 - biggest difference is liquidity structure which i think is why coins are winning we have launchers for nfts and coins but one of them has way more usage > coin value always been about attention (nft or coin) copy trading was occurring on nfts as well, things are just happening quicker (volatility) bc of more liquid and fluid market > creativity this upgrade was not about creativity, it was about building better infra imo im excited to see new things built upon this infra, maybe that's where you can see more creativity spark to me i see it as: more liquid and less clunky market for both creators and collectors, why would i not want that?
2 replies
0 recast
6 reactions
triumph
@triumph
i feel like thereโs no real difference between a โliquidโ market worth almost-nothing and an illiquid market worth actually nothing yes these are more liquid but for 99.9% of them the liquidity will be peanuts (= why bother trading) and the rare exceptions that do pick up volume will fall off a cliff within days bc thereโs not much to drive sustained interest this is basically a repackaged but fractionalized version of their โfree mintโ era to me. and those mightโve all gone to zero but at least in that case i was left *owning* _something_ that holds sentimental value this goes to zero and i essentially ownโฆshares of something. in other words no sentimental value. so why should i care?
2 replies
1 recast
7 reactions
๐๐ก๐๐ฃ๐
@blankspace
i see it as all the same as before but i can buy and sell freely with an LP - i have more market freedom i still own content it just is a different token standard how does a different standard change the sentimental value- to me it's the same bc the context of it hasn't changed
1 reply
0 recast
1 reaction
Steve
@sdv.eth
The context is entirely different imo. Worthless/broken JPEGs have more sentimental value than dust coins. What happened to provenance? How can you implement more interesting and complex mechanics with such a simple standard? Why own 100000 "cointent" vs 1 cointent vs 0.00001 cointent? What value is there in a coin if not its monetary value?
1 reply
0 recast
3 reactions
๐๐ก๐๐ฃ๐
@blankspace
it's just a different standard to me, it's kinda like arguing file types like .jpg to .png it's still an image, maybe one has a bigger file size than the other but it's the same thing the units changed yes but the content hasn't
1 reply
0 recast
1 reaction
triumph
@triumph
maybe i am just weirdly emotional and sappy about it but the units changing matters to me haha july did an open edition for a lil notepad phrase. heโs a homie and someone i greatly admire and appreciate so i minted some. lets say it was 1 of the eventual 40 that exist. but i own one. a full one. itโs not the only one, itโs not particularly rare nor financially valuable. but itโs mine. that tangibly feels different to me than owning 10% of the supply of a single notepad phrase that he minted. i donโt have any real emotional connection to that โ it feels less personal, moreโฆ.transactional almost I dunno how to fully articulate it and maybe i really am making a distinction without a difference๐ฅฒ
1 reply
0 recast
2 reactions
๐๐ก๐๐ฃ๐
@blankspace
i get what you are saying @agrimony.eth was kinda making the same point right now to me, this can be solved via frontend but i get it, in the backend its not the same as the traditional nft standard
1 reply
0 recast
2 reactions
triumph
@triumph
will say its ofc impossible to lump all content types under one umbrella. there are some where this change is advantageous to the priors mostly feel like some of the hype was a weee lil bit premature (like jihad alluded to) all for experimentation, have lots of dear friends at zora + hope for the bestโ
1 reply
0 recast
1 reaction
๐๐ก๐๐ฃ๐
@blankspace
๐ฏ
0 reply
0 recast
1 reaction