Steve
@sdv.eth
https://warpcast.com/wanderloots.eth/0xfb4a2a5d
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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
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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?
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Steve
@sdv.eth
I would not equate usage to quality or even success. Only real winners out of maximizing usage are platforms that earn on trading volumes (Zora, Base, Solana, etc). Usage is way higher not because of the liquidity but because of how it gets easier and easier to launch these coins. Image + text + hit send and done. The launcher handles the distribution problem for you. Not to mention it's way cheaper computationally to aggregate trading metrics for coins than collectibles. To be clear I am not anti-coins; they are much more straightforward of a game that we played speculating on NFTs with infinitely more complex mechanics. This is good for all participants. re: creativity This is probably the central point to my frustration. Less than 12 months ago Zoras message was "mint your imagination". If this was some random platform that didn't inspire so much culture no one would bat an eye, it would be business as usual. This just feels like toxic air for creators in and out of the space.
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