Kyle McCollom
@kyle
Yesterday's NFT volume was $5M. Token volume was $132B. 26,400x higher. Please keep telling me how NFTs have PMF though.
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Coop
@coopahtroopa.eth
NFTs do not have PMF But I think it's important to highlight that volume is not 1:1 when it comes to NFTs vs Tokens. Creators make upwards of 100% of proceeds with NFTs. Creators make (on the high end) 1% of swap fees with tokens. Treating them the same feels wrong - they both have unique purposes and can coexist in new and exciting ways
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Kyle McCollom
@kyle
Makes sense. My point is that NFTs don’t have PMF, and that those building in the NFT space need to think much bigger.
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Coop
@coopahtroopa.eth
What does thinking much bigger mean to you? To me it means making collecting easy, accessible and compelling. Not everyone wants to gamble - and I think NFTs are a far more likely way of getting normal people to buy something sentimental to them without needing to think about all the other baggage
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Kyle McCollom
@kyle
Accepting that current iterations of NFTs are nowhere near PMF, and focusing on whatever will get clear, unmistakable PMF.
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Coop
@coopahtroopa.eth
Easier said than done. What has clear, unmistakable PMF in the creator landscape today? I would say nothing does. Sure you can say tokens have 10000x more volume but that's not due to creators - it's largely from stablecoins and legacy assets. I actually wholeheartedly agree with your point that NFTs do not have PMF but I think it's unfair to say people should focus on something else instead when a better solution is not immediately obvious
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