balajis
@balajis.eth
NFTs have evolved into at least four categories. First, there are name NFTs like yourname.eth. These are the easiest to understand because they are just like domain names or usernames. Next, there are profile NFTs like Bored Ape. These have value because they are like club memberships, and people make them part of their public identity. Next, there are Zora-style content coins like horse (see reply), which update the art NFT model by setting up a market for every Instagram-style post. Buyers buy these coins to show appreciation for the creator, to speculate on how much more popular a given post will get, and sometimes to show (via onchain timestamps) that they’re early to spotting new talent. Finally, there are micro-NFTs that just represent onchain data, akin to “typed likes”. Many social actions are now cheap enough to record onchain.
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Catch0x22 (2025 variant)
@catch0x22.eth
strongly suggest artists 100x the micro use zora type coins lock you to a platform, use it as distro and don't take it seriously profile NFTs are largely untapped imo. think brands like doodles are much higher EV than BAYC. until i see a major political party run by someone using one of these as a pfp i think there's a tonne of potential cc: @lambchop wen PFP collection name NFTs are lowkey the most centralised thing in crypto last I checked but they are fun
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fashion snoop⊹ ࣪ ˖
@lambchop
zora confusing
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Catch0x22 (2025 variant)
@catch0x22.eth
yup it is over hyped can poke holes in most of the ideas presented here. like what is an "instagram style post" ppl post heaps of different stuff on every platform
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fashion snoop⊹ ࣪ ˖
@lambchop
what’s different between zora and rodeo
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