Starting to think Art NFTs are the only ones that will hold much value
Community is powerful, but comes and goes
Art and the feelings it evokes are forever
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The current version of an NFT project where creators receive mint funds immediately for their vision doesn't make any sense
Incentives are completely misaligned and anyone releasing this kind of project is grifting most of the time, or will find it easy to give up
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hey I noticed you confused "this space" with "people"
"people are so ugly sometimes..."
fixed it for you
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Meta Commander retweeted
The @BlocksmithLabs upgrade will remind everyone why Solana NFTs are unmatched in terms of innovation. Let's bring back the NFT bull run and make it fun again.
Short sighted take. No royalties isn't a "solana problem."
It's a natural evolution of market dynamics that happened on solana because innovation is happening faster here
But I guess most NFT "projects" are in search of short-sighted gains anyway
I've had a few calls with new projects who were thinking about going to $SOL but have now decided to switch to ETH.
Their main point was that on ETH they can make more money from minting and that people are mostly happy to pay royalties on secondary.
Also, NFTs don't want to be like coins - they're already the same. Mostly worthless digital assets that can be easily traded and speculated on
This is pure cope for his SMB stack going down 90% and most every other NFT going to 0
Did you really think royalties was the best part of NFTs 😂😂
Starting to think going neck deep into NFTs was not one of my better ideas…
With the primary narrative for NFTs stripped away I am failing to see the appeal anymore (gaming assets being an exception). They are now literal jpegs that just want to be coins so bad.
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I think this is less that they are competing with other projects, and more that they are low effort and think the market will still reward them
True competition breeds innovation and new ideas, not more of the same
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Well I clearly picked the wrong day to question Taiyo robotics. Surprised to see so many mints selling out and doing volume on ME
Maybe there has been some liquidity from y00ts, but my position is still bearish going forward and 30-45k revenue/month will be hard to maintain
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apologies to @TaiyoRobotics for the misinformation here. I've had a bad taste in my mouth with them after watching how they handled @SolsteadsNFT
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yeah it's called having an opinion. glad to see taiyos having a good month, I didn't realize projects were selling out right now, which is still crazy to me
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Thanks for the info. I guess the y00ts frenzy enabled degens to mint and trade more low quality projects than I thought
