There are more than 60 fungible token collections with market caps >$1B but not one non-fungible token collection with the same. 

Do you think non-fungibility is an inherently negative value characteristic or do you think that might change?

Looks like $367M via @nftpricefloor.eth

It was looking at their site before doing a spaces with them earlier today that led me to the surprise realization there was no collection or brand over $1b

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

Rome, Metropolitan City of Rome Capital, Italy

This is a fascinating observation. I wonder what the total market cap of the Art Blocks contract is. 

Fidenza alone is ~$100M.

Onchain art, culture and markets | Newsletter & podcast: https://www.kaloh.xyz | Working on /blindgallery /onchain-charts | Channel /kaloh

@kaloh recently shared a comparison between the market cap of Pepe coin and the entire blue chip NFT collections, and there was considerably more money invested in Pepe. Couldn’t find it to share it with you but it was unbelievable. 

As an art collector it makes me sad, but I believe even in the art space most of the money seems to be from people who have no genuine interest in the art or non-fungible aspect and are only here for the quick profit. The downfall of blue chip collectibles proved that the fungible tokens serve that purpose better.

Fungible tokens are a more liquid market. NFTs are more niche in that aspect and when a vast majority of market participants are profit oriented, fungible tokens are the “better” choice