NFTs do not have PMF.

Coins do.

Embrace the market.

Yesterday's NFT volume was $5M.

Token volume was $132B.

26,400x higher.

Please keep telling me how NFTs have PMF though.

summoning /daylight | kylemccollom.com | we are hiring: careers.daylight.xyz

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

Onchain is the new online - FID 206 -  cooprecords.xyz

Makes sense. 

My point is that NFTs don’t have PMF, and that those building in the NFT space need to think much bigger.

Accepting that current iterations of NFTs are nowhere near PMF, and focusing on whatever will get clear, unmistakable PMF.

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