#though because the nft market crashed

[secretmellowblog]

Me (an lotr fan): wow I don’t think I could be more heartbroken over the way giant corporations have taken the story I loved and reduced it to a hollow financial asset that does enormous real-world harm. I hate how the story is irrelevant and meaningless to executives who only see it as a hollow spectacle they can manipulate for profit. But thankfully I can’t be surprised anymore there is no way they can possibly make it worse

Warner Bros:

Me:

[shigure]

we've gone a decade without any major technological revolutions. we've had big changes, lots of refinement, fancier cartridges, newer programs. but the most impactful changes have been big companies deciding to switch to subscription service, with all of us powerless to stop them.

in the meantime, every day is the newest tech revolution. someone's started a new a.i. program. someone's designed an app to communicate with your team called teekup. it doesn't work. samsung has released a new phone, apple has released a new statement that they will be further taking away user privacy protections. we're oversaturated with ideas. not thinking ideas, just desperate vying for marketability. and the sick part is, even though all these people being interviewed about their new revolutionary product may as well have been built in a lab, they probably will starve if it doesn't go viral. they don't even have the creative freedom to give up on their idea. their best bet is delusion that they're offering a public service.

it's really not a surprise that nfts have taken off on the more corporate side of social media. techies need a new messiah. crypto saps need to believe some new shiny thing will somehow resuscitate their wallets. facebook's marketing team can't help but pray that they'll be able to sell something with the equivalent pull of bitmojis but for people under 40. and it's so easy to make them. you can just make a bunch of them. maybe one of them will sell, maybe not, but then you can give them away for free and lie to your boss that this counts as engagement. after the past few decades of the tech sector loudly trying to find a way to euthanize artists on the whole, this could be their big break.

everyone knows art doesn't pay. did you know law doesn't either? it used to be that companies would just hire hundreds of lawyers just in case, and you wouldn't have to do much of anything to get a fat paycheck. after the 2008 crash, these companies started downsizing, and asked if they really needed all these lawyers. so they fired them. haha! sucks to be them, these corporate lawyers leeching, now without a job and nobody is hiring. serves them right for hating art. for looking down on everyone else. if you were in law school in 2008, going in because your parents wanted you to make something of yourself, you left with no prospects. you worked at the apple store for a year, with a law degree. maybe someone came in that said all lawyers are liars, and maybe he's right, and maybe you would have looked down on him if you'd graduated five years earlier. but right now you're replacing his charging cable.

the crash didn't un-crash. nothing fixed itself. moderately well off people found new ways of not working, poor people got sick and died. uber started up, telling everyone they could be trendy and make money. airbnb started up, and the demand for housing just increased - not to live in, just to sell again and make money off of. we're still in the pit, and companies are starting to ask if they really need that many programmers. you went into tech because it would make money, and your parents wanted you to make something of yourself, and you're grappling with the despair of being a perfectly normal person in a world where only sterile talent seems to matter. of course you need ai art. of course you need nfts. tech was your path to literally just living comfortably. in 8 months you're going to be out of a job.

the apple store is still hiring.

[trylkstopocket]

The NFT Ecosystem Is a Burnout Machine

When serial entrepreneur Wil Lee first heard about nonfungible tokens, after Mike Winkelmann (aka Beeple) sold one for more than $69 million at Christie’s in March 2021, he waved them off as a money-laundering scam. But after noticing that they were showing up on his radar again and again, he began to pay attention.

In June 2021, almost four years after he became involved in the crypto industry, Lee decided to buy his first NFT. Within a week, he had transferred his entire portfolio into the NFT ecosystem. Within a month, he had sold one of his real estate properties and moved all of the money from the sale into NFTs.

After spending a few months investing, Lee decided to launch his own NFT project, the littles. Like many other NFT creators, Lee was in charge of his entire project: the tech, the community, the art, and the marketing. “Every day I’m just on Discord, making sure that it has not been hacked and that everything is performing and okay and on schedule,” he said.

Despite taking as many precautions as possible, Lee found that it didn’t take long for his worst fears to become reality. During a giveaway, he realized that hackers had infiltrated his website: “I thought, is everything I’ve built for the past couple of months going to trash because of this exploit?” But the scariest part of this mishap wasn’t that he could lose everything—it was that it could hurt the people in his community who had put their faith and money in his project. “That was when I realized that this was going to be a rough ride,” Lee stated.

Although NFTs have been around since 2014, when artist Kevin McCoy minted the first-known NFT, Quantum, on the NameCoin blockchain, most people had no idea they existed until the high-profile sale by Beeple in 2021. Since then, multiple major brands from Taco Bell to Gucci have jumped on the bandwagon and released their own NFTs.

For many observers, the entire NFT industry is a pointless joke that has gone on for far too long. Activists have also heavily criticized NFTs because most are minted using the energy-intensive proof-of-work method. In February, the World Wildlife Fund U.K. ended its NFT sale following backlash from environmentalists.

For enthusiasts, though, the backlash is just noise—they believe NFTs offer major can’t-miss opportunities. The community, innovation, and investment market are seductive, but the space moves quickly, and watching other people rave about their success makes it easy to feel like time is running out and you’re being left behind. The pressure to move quickly (and the FOMO that comes with it), the way the ecosystem is set up, and the chance that the entire field of NFTs could all come crashing down at any moment is leading to collectors and creators pushing as hard as they can to succeed. But you can’t push yourself forever. Eventually, you begin to burn out.

Being in the NFT world, of course, means competing to buy NFTs. But to get even a chance of acquiring some of the most-sought-after ones, you have to get onto a project’s whitelist: a list of the people who get first dibs on NFTs, often for a cheaper price and sometimes even for free.

Getting onto a whitelist isn’t always easy, and every project has its own set of instructions users must follow in order to get whitelisted, like filling out a Google form, inviting people to a Discord community, or signing up to a lottery system that picks addresses at random.

Applying for a single whitelist can take anywhere from a couple of minutes to a few hours. While some people will only apply for projects they’re really excited about, other investors will apply for multiple whilelists per day. This process is referred to as “whitelist grinding,” and burnout often follows close behind.

Rita is an NFT collector and creator who is known online as _​​_ritanevermind. During the worst stages of her lead-up to burnout, Rita stopped taking breaks so she could be more productive, and even began skipping meals. “Last time I had FOMO [that] led me to burnout, I was trying to get on the whitelist on one of the new NFT projects that are launching soon,” she told me. “I was logged in their Discord literally 24/7 for a week. I got whitelisted, but the [psychological] price was tremendous. My free time, my time for making art, my family time, everything was replaced with my phone. I slept on average four hours per night because I had to stay active there.”

Although Rita mostly enjoyed participating in the Discord channel and chatting with fellow community members, being on social media all day made her feel like she was missing out on real-life experiences. As a result, she ultimately decided to leave the channel: “I’m not there anymore because it’s not worth it. My life is not worth wasting on some Discord server to get a presale opportunity I’m not even sure I’ll buy.”

Many investors come into the space trying to flip NFTs for profit after reading success stories about other investors becoming “instant millionaires” by investing in the right projects. But while the stock market includes a blueprint of how to evaluate investments, NFT projects have no such thing. As a result, many investors resort to “going with their gut” when it comes to deciding which projects to invest in. This means that even for experienced investors, figuring out which project to invest in can be difficult.

Flur is a “whale investor” in the NFT space, which means he holds a large collection of NFTs. (“Whale investors” get their name because their movements within the NFT space can disturb the waters that smaller fish swim in.) Flur is well known within the community for having one of the best NFT collections; it currently includes more than 10,000 assets. His tweets have a reputation for driving people to new and upcoming projects.

However, despite his wealth of experience in the space, Flur still sometimes finds himself struggling with how quickly the space is moving. “The NFT community is experiencing exponential growth, which means nonstop new projects and information,” he said. “It’s very hard to keep up with, but the potential payout and the rewards are huge when it comes to catching the next big blue chip early.”

Many people decide to enter the NFT space when market confidence is high because they see others making a profit and want to get in on it. When Beeple made headlines in March 2021, the NFT market skyrocketed, and it has been volatile since then. Prices rose again in January of this year following an influx of celebrity collaborations, then slumped again sharply, reaching a low in March. Now, it looks like sales are on the up again—but how long this will last is anyone’s guess. That doesn’t stop people from making speculations: Last weekend, OpenSea—the largest NFT marketplace—set a new daily trading record of $476 million in Ethereum. A couple of days later, the Wall Street Journal reported that “the NFT market is collapsing.”

For founders bearing the weight of an entire community made up of thousands of new investors relying on their art to get rich, the responsibility can feel overwhelming. “The people and the investors within this space are very green, and they fall for anything and everything,” Lee said. “And once they buy into your project at a very high price and they don’t see action right away, or they see any type of misinformation, they panic and sell at a loss.”

Loopify is an NFT artist–turned-collector who founded Treeverse, an open-world fantasy in the metaverse. He also owns Interleave, an NFT production team. Thanks to NFTs, Loopify has become a millionaire. But that doesn’t mean he is immune to the stressors that come with being an NFT creator and investor. “Around a year ago, the market was stale for quite a bit,” he said. “This happens quite often when the price is down. Because the market slowed down, it means engagement slowed down. People stopped responding to my posts and less things were happening. My art wasn’t selling, nor were some of the things I collected.”

Loopify described this event as his “first burnout moment.” He began to question his involvement in the NFT community altogether. But just when he had begun to rethink his decisions, the market slowly began to recover, and engagement and sales returned.

Even when things are going well, it can be tricky to keep your investors and followers satisfied. Loopify said, “You have people that continuously ask questions on every social media [platform]. Even if you answer them a hundred times, they’ll keep coming.”

But not everyone chooses to return to the NFT space after taking some time away. For one anonymous NFT collector, it all became too much. “This space has become so toxic,” they told me. “People are saying WAGMI [“we are all gonna make it”—an acronym used widely within the crypto community] but that’s a baldfaced lie.”

They tell me that the NFT industry has changed significantly over the past year—and not in a good way: “So many devs mint then make promises and never deliver.” In the NFT world, “minting” digital assets is the process of uniquely publishing a token on the blockchain so others can publish it. This allows creators to monetize their work. “Or they take forever to do so, which in this space is a death sentence,” they continued, seemingly confirming the fears of many creators who told me they feel like they’re falling behind.

When I asked if they had any advice for newbies in the space trying not to burn out, they emphasized the highs and lows of the market and encouraged people not to panic and sell when prices are low.

But their final piece of advice fell along the same lines as the advice from everyone else that I spoke to: “Always put in real life first.”

[bitcofun]

Metaverse video gaming has actually been the topic of a great deal of buzz, however has actually up until now stopped working to provide. Sooner or later on, however, somebody will get it. Key Takeaways Despite enormous buzz, Metaverse jobs have actually up until now stopped working to provide engaging jobs. Even significant names, like Decentraland and obviously Meta, have actually gone to pieces compared to the buzz. Still, with so much skill streaming into the market, it's possible that somebody will ultimately get it. The Metaverse has actually been among the most popular subjects in crypto for more than a year, though actually outstanding jobs are still doing not have. Still, with skill flooding into the market and the tech quickly developing, it's most likely simply a matter of time prior to we see some winners. Unrealized Potential This week, a report from crypto information platform DappRadar made the news by indicating that Decentraland, the $1.1 billion "Metaverse" job, had just 38 daily active users. Naturally, just like a lot of sensationalist headings, the devil remains in the information. In truth, those 38 users were just those who communicated with Decentraland's clever agreements-- as DCL Metrics has validated, the variety of gamers hanging out in the video game is in fact in the thousands. Still, the report raises an essential concern: even with approximately 7,000 daily active gamers, is Decentraland truly worth over a billion dollars? The concept of the "Metaverse," and crypto video gaming more broadly, appears to have actually suffered more than a lot of other parts of the crypto area throughout the present bearish market. The 2 huge jobs-- Decentraland and The Sandbox-- have actually seen their tokens drop 90% from their highs, and sales of the video games' land parcels are slow. It appears that now the buzz has actually dissipated, financiers have actually gotten sensible to the truth that these video games use users really little factor to remain. To make matters worse, Meta's (previously Facebook) pivot to developing its own Metaverse is beginning to take shape, and it's offering the idea of virtual worlds a quite bad image. Aside from the slightly dystopian undertones, Zuckerberg's offering looks soulless and unpolished. As our U.S. editor Jacob just recently stated in action to the current Meta teaser, "I can't reveal completely sufficient just how much I do not desire this item." But while the present Metaverse versions are showing not to be "it," there are a number of up-and-coming crypto video gaming jobs that look a lot like how video games are expected to be-- enjoyable. The pseudonymous developer Pas and his business OhBabyGames are creating a kart video game in the vein of Mario Kart or Crash Team Racing, however rather of playing as an Italian plumbing professional or a clever bandicoot, well-known "Crypto Twitter" characters comprise the video game's lineup of playable characters. Elsewhere, Studio369 is hectic constructing what it calls the "just online competitive squad-based VR mech video game," MetalCore Like other efforts at putting video games on the blockchain, MetalCore tokenizes lots of in-game products as NFTs and even lets so-called "barons" provide them out to gamers in return for a cut of their in-game revenues. MetalCore stands out from the pack due to the fact that it has graphics and gameplay to measure up to that of existing triple-A video games like Halo or Titanfall Have a look at the trailer here to see what I indicate. Finally, I can't discuss crypto video games without acknowledging the elephant-- or rather monkey-- in the space. Yuga Labs' Otherside Metaverse has actually remained fairly under the radar because its record-breaking land sale at the start of June, however that does not suggest its designers aren't hard at work. With near-limitless financing, it promises that the Bored Ape Yacht Club developer is formulating something unique. From the

teasers launched up until now, the job looks miles ahead of other Metaverses under building. And with huge names like Eminem and Snoop Dogg repping Otherside at the MTV Video Music Awards in August, it'll likely attract a huge gamer base once it releases. The very first wave of crypto video gaming may have guaranteed excessive and dissatisfied, however that does not indicate there aren't quality jobs out there if you look. Now is the time to begin focusing, so you're prepared once the buzz returns. Disclosure: At the time of composing, the author of this piece owned ETH, BTC, and a number of other cryptocurrencies. The info in this piece is for instructional functions just and ought to not be thought about financial investment guidance. A Week in the Metaverse: Miami Art Week 2021 Reviewed Crypto Briefing checks out the NFT and Metaverse occasions accompanying Miami Art Week2021 On the Ground at Miami Art Week Miami in the winter season is a wonderful location ... A Metaverse Wolf? That'll Be $80,000 in Ethereum, Please Several forks have actually generated following Wolf Game's launch. Wolf Game Trading Volume Soars on Launch After digital rocks and felines, NFT collectors have actually moved onto trading sheep and wolves in ... ApeCoin Jumps 36% as Otherside Unveils Its Metaverse ApeCoin has actually taken pleasure in a considerable spike in purchasing pressure that accompanies the demonstration release of Yuga Labs' Metaverse world, Otherside. ApeCoin Gains Bullish Momentum ApeCoin seems breaking ... Read More

[bisluthq]

So I’ve been looking into NFTs and crypto lately because I just wanted to try and understand it, despite not being a tech person.

my understanding of NFTs is a lot of them are just a status symbol and bragging rights, but literally any piece of digital content can be an NFT. This ask could be an NFT that you, Nat, could sell, even though you don’t own tumblr. Like the dude who made twitter - Jack - he sold his first tweet for a ridiculous amount of money and someone now owns the digital code to that tweet. Anyone can screenshot it or copy and paste it and print it on a t shirt, anyone can access the code to it, also unless specified at the time of sale, Jack could sell his tweet as an NFT another 100 times and there is nothing the person who bought the first NFT can do to try and stop or stall it.

Where it actually gets cool to me though is that tech is going FAST in developing virtual reality stuff. Like Zuckerberg changing Facebook to Meta is all part of eventually turning all online experiences into an emmersive experience - that’s the goal anyway. Like does anyone remember Google Glasses? You could wear them as sunglasses and using your voice say “google pictures of cats” and it was meant to be able to show you pictures of cats through the glasses, but you’re meant to still be able to see through the glasses at the same time - like spy glasses with grids on them in movies. Idk how that project went lmao but tech peeps were loving it. Right well now the tech has gone from that idea to being the idea that everyone will have a virtual reality headset of some sort and say in a zoom / Skype group chat, you can essentially turn yourself into a sim and all the people you chat with have an avatar/ sim and it’s like you’re sitting at a table with them and depending where you turn your head, you see the room as a 3D thing instead of a pic on a screen of them talking.

Ok so now with the visual art NFTs, the NFTs you have can be used to decorate your virtual / sim world. So you could host your zoom meeting in something that looks like a London street, or a beach, or a replica of your bedroom etc etc etc. some people are already designing art galleries where all the art is digital and then they can have the option of inviting people to come and view it - like any website - OR they can put up a paywall and charge admission. It sounds ridiculous because yeah, if they say they have all of Banksy’s art in their gallery, they would’ve paid heaps for it, but we can google it to get the same experience, however some people think there will be a market for more virtual experiences and instead of scrolling Instagram by ourselves, we’ll put on our virtual reality headset and “meet” with friends and “visit” an NFT gallery and talk about it all in real time together. The use for graphics goes further, tbh I’m really not convinced they’ll be worth money (and most art NFTs crash in value as soon as they’re bought and are sold for only 20% of what they were first bought for 💀 which is why it’s easy for people to think it’s part of a crime organisation because who would sell something at an 80% loss within a month.... but whatever....)

The other big place for NFTs is the gaming industry. I’m not a gamer except for words with friends and candy crush type games lmao, but holy shit gamers spend a LOT of money! So since I’m not a gamer I’m just going back to the Sims example because it’s one I understand. So atm heaps of games have you constantly buying stuff to advance in an endless story and it’s like ‘if you want to fight this dragon you need one of these swords that you need to buy additionally’ or ‘you need more land to expand your castle’ or ‘you have to have a special piece of clothing to complete this task’ — I consider these to be like expansion packs for the sims lol. Well some games would release something like an outfit but only have it available for a limited time. So people bought this limited time outfit, but then when they advanced in the game they eventually had no use for that outfit anymore, but other players did - so they sold them to the newer players. The original gamers had money to spend on new shit in the game and the new gamers had the cool outfit they missed out on and everyone was happy. Then people realised some gamers REALLY wanted that special outfit and they sold it for twice the price, because new gamers were prepared to pay that much. It’s like it all the sim expansion packs sold out in store and the only way to get them was going on eBay, only by the time they got to eBay, the game was 10x as popular and 10x as many people wanted the expansion pack, so the sellers could make a fair profit selling them again.

The gaming tech keeps getting bigger and moving at a fast rate so another popular NFT to buy atm is in game land. The idea behind owning land in the game is a lot like land in real life, it depends on the location and the stuff around it as to how much it could be worth. So let’s say to play a game you have to cross a field, if you buy the digital space that field fits on, you can charge a tax for people to cross it. Games already do this, and it’s usually a coin of the in game currency; the currency isn’t worth anything outside of the game, but you can use “real” money to buy more of the game currency to advance further faster. The way games are going, the thought is that you could convert the in game currency to real world money. Maybe it’ll be bitcoin or some other form of crypto, but if tech people can do what they want to where you can swap game coins for a real life coin - people will make a LOT of money by owning digital land. I was reading about it and actually thought it sounded good, but most plots of digital land in places that are expected to make a profit are starting at SIXTY THOUSAND USD 💀 $60,000 USD. I thought it’d be like $20 lol.

There are also some people who talk about “digital real estate” as if it will replace real world real estate because cost of housing is too much, so they expect us to sit in a one bedroom apartment and then put on our virtual reality headset and enter our mansion — that we have to pay a lot of real money for ??? — and invite friends over to our virtual homes while we sit on the couch of our actual home, but I can’t see that idea taking off.

You can buy a whole lot of other NFTs that will be able to be used in games - like costumes, add ons (weapons, special powers etc) and scenery, which again can be traded from one gamer to another, or rented / taxed that could see it profitable, but my current understanding is that it’s like buying bricks for a house before you have land to build on — the NFTs are the bricks and the tech is the land — cause atm we can’t do everything I’ve mentioned, but tech developers are working towards making it real, which could happen in six months or six years etc.

But yeah I did a lot of research into it cause I thought maybe there was a possibility of making money selling digital art as NFTs instead of via red bubble designs lol. There is, but there’s a lot of work to get started and build hype to be successful at it.

Thank you for coming to my ted talk, I hope NFTs still exist by the time I’ve finished typing all this

Damn dude just found this and thanks for teaching us about NFTs and tech I guess.

[wyrmoffastring]

There's been some discussion about "ethical" NFTs and I'm here to explain why that won't happen.

The discussion in the comments of this tweet is full of people who don't understand why and how we can't just have NFTs but good. That's by design. They're made obscure and difficult to grasp by design, so your FOMO gets you before you can even research. Long Post incoming. This is re-formatted from a twitter thread so sorry if it looks a bit weird.

Artists feel pressured to mint NFTs because they see a demand, or they see others are just stealing their art and minting it. They feel like they're between a rock and a hard place and they don't even know where to start looking for answers and many cave into the pressure and mint their own.

NFTs currently are almost all hosted on the Ethereum blockchain, which is incredibly destructive and uses a Proof of Work system. That means each new addition to it requires more and more energy, driving up the cost of each minted coin or NFT.

This isn't a bug, it's a feature. That's half of how this type of crypto becomes valuable. You need to make sure people can't just go and mint a shitload of NFTs and flood the market with cheap versions, or the value tanks. However, since NFTs are digital only, there is no labor, no material cost, nothing that could boost the value of an NFT beyond what an artist might charge normally for a print. And that's not enough to make it worth people's time and money.

And this is the second part of how NFTs become valuable - you convince people they need them. You make it look like an investment, trading cards etc. The point isn't for the people collecting them to make money though. It's for your specific blockchain to make money.

If you collect beanie babies you might sell some for an inflated price. But the entity that actually benefits is Ty INC. When you mint an NFT you may sell it for ETH of value that's beneficial to you.

But the people really benefiting are the founders of the blockchain. When they started ETH, minting was cheap. It always starts that way.Crypto in a PoW system is mined by making computers solve more and more complex puzzles, but they start off fairly easy and any PC can mine a bunch of coins at the start. They all have a decent amount of ETH in their crypto wallets. But if you want to get some now, you get it from them or contribute to mining new coins by wasting a shitload of energy in crypto mining setups.

I will use ETH as the main example, but know that just replacing ETH with a currently less damaging Proof Of Work crypto coin won't solve anything, because it will get to a similar energy drain eventually. It's designed to. It doesn't matter if it's ETH, or BTC, or DOGE, it all sucks.

So, moving on to NFTs.

Every new NFT that's minted on that blockchain is paid for with ETH. You have to buy ETH from them to even make an NFT. You pay them cash. They get real money. You get a token. Then you don't keep that ETH, you spend it to mint an NFT. If someone buys it, you then lose some ETH to transaction fees. On every step, you lose. The way to profit from this is to be either someone who already has ETH and wants it to raise in value ( when more people invest in it, for example via NFTs) or are an already established, usually rich artist, who knows everyone will buy their art.

This is why it's so often called a pyramid scheme, or ponzi scheme. People who have ETH in their wallets pay out when you buy their ETH to mint your NFTs. But if everyone suddenly decided to pay out all of their ETH they made on NFTs, the market would crash, because there would not be enough people to sell their ETH too. Sure, the founders probably have some cash to pay out small amounts, but they do not have anywhere near enough to actually pay everything out, because this isn't, in reality, a currency exchange.

You're swapping tokens for cash at a casino that only functions because all of the people who think they're winners were convinced they will be bigger winners if they hold on to their chips for just a bit longer.

Basically even if you had a perpetual motion machine, you'd reach a point where you can't get more crypto. If you make it easier to get enough processing power, the puzzles needed to mine new coins will just become too difficult to solve for existing hardware. Then you can't get new coins and make it harder for new people to get into the system. If you can't feed new people into the system, you don't get new cash to pay out to the initial buy-ins and the pyramid collapses. This is why you hear a lot of promises and you have people make their own crypto mines with solar panels, but the coins are still incredibly environmentally damaging.

With ETH especially, each transaction costs massive amounts of energy and even if we got it all from solar, that would require for our entire global grid to be solar. Which is possible nowadays, but the creators of the coin do not have the ability to do that. No one single entity does. We've had this talk for years now and it's against the holders of the majority of the world's capital to swap to solar, they don't give a shit if the planet dies because they're all too old to live through the fallout.

Replacing a Proof of Work system with a less damaging one like Proof of Stake won't fix much. It will fix the environmental aspect but not the pyramid scheme. You end up with a situation where you might have theoretical income, but can't pay it out. It's less than exposure.

You see, if you want to pay out crypto, you trade it for a fiat currency, just like you would stock. And as someone who used to hold some inherited stock and had trouble selling it when I desperately needed to fix my car, that doesn't always go well. It requires someone to want to buy it, and while for now people are excited about NFTs and crypto, that doesn't mean they'll buy it all the time, or at the price you believed you'd be able to sell.

Oh and participating in the NFT market doesn't protect you from getting your work stolen and sold for less, by the way. The anonymous aspect of the blockchain means you don't even know who to send a CnA to. This might change soon though, since the IRS is now demanding NFTs are declared.

If this means they have to show what they're selling as NFT, then you can just take them to court without the need to make your own NFT. If they just have to declare they sell NFT, which is unlikely, then making your own won't help you locate them to DMCA.

There is a hypothetical use for blockchain technology that isn't destructive. Maybe. But not under capitalism. I don't think it was created to be a scam, but neither was the stock market, at least not entirely. Yet both only benefit those who are already established in them.

As blockchain exists now, as we exist now, there is no way to "redeem" NFTs. There's no option where this won't lose a lot of people a lot of money. The system being pay to play should already make people realize it, but with MLMs thriving, I'm not surprised so many fall for it.

We shouldn't dismiss every artist that feels pressured to participate. We shouldn't demonize people who feel they have to do this before someone just steals their art. But I genuinely believe there's no way we can salvage anything out of this. This was meant to fuck people over.

[theexistentialeasel]

Exegesis: Isabelle Graw and The Triumphant Progress of Market Success

Week 6 | August 12th, 2021

In 2009 Isabelle Graw, an art critic, theorist, and co-founder of Texte zur Kunst published a short book entitled The Triumphant Progress of Market Success. The book came in the midst of the global financial crisis of 2008 and early 2009, when the art world was still in panic mode. For Graw, this allowed her to evaluate how the art market has changed since the 20th century.

Graw argues that “the market and its players [have] […] an increasing say in establishing artistic value.” She thinks that this is because the art market has become more globalized and now obeys celebrity culture. Therefore, instead of relying on critics to create symbolic value, the Market can now rely on social media and marketing to create cultural relevance. For example, Daniel Hirst’s For the Love of God (2007), a skull covered in diamonds, had no inherent symbolic value whatsoever. Still, because of its ridiculous price, it gained cultural significance. Moreover, because the Hirst brand was already established and marketed on social media, the symbolic value didn’t matter much anymore because people were already willing to buy it regardless of what a critic would have said. However, Graw nuances this claim, citing that we now live in a knowledge society (cognitive capitalism), meaning that critics are still relevant because they are the knowledge makers in our knowledge-based economy. In other words, even if the art market can generate cultural relevance, cultural relevance also depends on the symbolic meaning that art history provides.

Although no one can deny the importance of symbolic value that critics still provide, the Market has gained a lot more power thanks to the rise of social media. An interesting case study is the debate surrounding the selling of NFT art. NFT (non-fungible tokens) allow you to buy and sell digital art as you would in a gallery or auction by keeping track of who owns the art. However, it is controversial because, unlike physical art, anybody can copy/paste it anywhere they want. Thus, it would be the same as the original.

Beeple, “ Everyday: The Last 5000,″ 2021

On March 11th, an artist known as Beeple, who had previously never sold an artwork for more than $100, sold a digital collage entitled Everyday: The Last 5000 Days for $69 million at Christie’s, instantly making him among the top three most valuable artists in the world. The collage consists of art he has completed every day for the past 5000 days in a grid format. However, it has been slammed by art critics berating it for its lack of artistic value. In other words, it has no symbolic value. So why was it sold for so much? It’s because of the Market. First, there might have been market manipulation as both the buyer and the underbidder have large stakes in the success of NFTs. By buying the art at such a high price, they might have knowingly inflated the overall value of NFTs to their own advantage. Second, social media also played a role in creating hype around NFT which has not only given Beeple a large fanbase but has planted a seed in the minds of many that NFTs are the way going forward. Christie's auctioning one-off legitimizes that claim. Therefore, in this day and age, when it comes to art that has been introduced into popular culture, such as NFT art, art critics can do little to change the valuation because even though we live in a knowledge society, public opinion is also the bread and butter of this day and age.

 Sources:

Chayka, Kayla.“How Beeple Crashed the Art World.” The New Yorker, March 22, 2021.  https://www.newyorker.com/tech/annals-of-technology/how-beeple-crashed-the-art-world

Graw, Isabelle. “Isabelle Graw.” Interview by Alex Gartenfeld, Purple Magazine. Spring 2011. https://purple.fr/magazine/ss-2011-issue-15/isabelle-graw/

Graw, Isabelle. “The Triumphant Progress of Market Success.” In High Price:

Art Between the Market and Celebrity Culture. pp. 19-79.

Kastrenakes, Jacob. “Beeple Sold an NFT for $69 million.” The Verge, March 11, 2021. https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million

Smee, Sebastian. “Beeple’s digital ‘artwork’ sold for more than any painting by Titian or Raphael. But as art it is a great big zero.” The Washington Post, March 16, 2021. https://www.washingtonpost.com/entertainment/museums/beeple-digital-artwork-sale-perspective/2021/03/15/6afc1540-8369-11eb-81db-b02f0398f49a_story.html

[nftdawnio]

Ethereum just became a lot more eco-friendly. The team behind Ethereum made a change to its software architecture on Wednesday. This change is called "the Merge." As part of this update, Ethereum switched from the proof-of-work system to the proof-of-stake system. The proof-of-work system requires a lot of computational energy to "mine" Ethereum and has been criticized for releasing a lot of carbon dioxide because it uses so much electricity. The proof-of-stake system allows users to validate new blocks on the chain (the so-called permanent ledger) and earn new Eth tokens by using their existing Eth tokens as collateral. Recent studies show that Proof-of-Stake is much better for the environment and will cut Ethereum's total carbon dioxide levels by 99.99%. (The Ethereum website says that the switch uses about as much electricity as all of Finland does in a year.) Proof-of-stake is not new, though. Ethereum's competitors like Tezos and Solana already use it. The switch to proof-of-stake took so long because Ethereum was originally built on a proof-of-work system. Changing the architecture without any glitches was a difficult technical task that at times seemed impossible to solve. But the change, which started on Thursday, has been going very well so far. Josh Hardy, the head of technology for the NFT platform Daata, told ARTnews, "This is one of the most important times in crypto history so far." "There was a lot of noise made about the environment, and that has been a real problem for the whole movement. It was a perfectly valid worry, but the fact that it led to the creation of whole new blockchains is crazy." As the environmental debate around Ethereum heated up, the team at Daata, like many others in the NFT space, seriously thought about getting their artists' work minted on a different chain, like Tezos, which was already proof-of-stake. But Hardy pushed for Ethereum to keep growing. He said, "I knew the Merge was coming," which is why it didn't make sense for Daata to switch to less valuable chains. At its peak, one Eth token was worth about $4,000, while one Tezos token was worth about $8. Even though the environmental debate sometimes made Hardy angry, he admitted that he doesn't think the Merge would have happened so quickly if environmental activists hadn't made such a fuss. "I think that's why the people at the Ethereum Foundation really pushed it," he said. Jon Perkins, who helped start the NFT marketplace SuperRare, has a different take on why the Merge was done. "I remember going to conferences in the very early days, and proof-of-work was always talked about as a kind of necessary evil to get Eth going," he said. "But almost from the beginning, the developer community made it clear that the plan was to switch to proof-of-stake as soon as possible." It shouldn't be ignored that the Merge comes after the 2021 bull run for NFTs and cryptocurrency in general, as well as the criticisms that came with it. No matter what, this is a big win in a hard time for those in the NFT space. After the crypto crash of 2022, the value of the crypto market dropped from $3 trillion to $1 trillion, and sales on the NFT market fell by a lot as a result. Vitalik Buterin made Ethereum when he was still a teenager. When it came out in 2015, it had some major technical flaws that he planned to fix over time. One of the upcoming technical changes will fix another big problem: Ethereum's ability to handle loads. When a lot of people are using Ethereum, it can be too expensive to make transactions. This is because "gas fees" go up, which can be anywhere from $10 to thousands of dollars depending on the type of transaction being made. Since the Merge went well, people are more confident that the developers can make these other changes. Building on Ethereum was seen as a bit of a risk because it wasn't clear whether these fixes could be made. "When we started building on Ethereum in 2017, we put a lot of faith

in what the core developers of this open source ecosystem would do in the future," said John Crain, the other cofounder of SuperRare. "The success of this gives a lot of hope for the future because it makes building on Ethereum less risky in the long run." Crain and Perkins hope that the Merge will make it possible for NFTs to not only get back to where they were in mid-2021, but also bring in more people than ever before. Perkins said, "There are probably hundreds of thousands of people who have been sitting on the sidelines but now feel like they can join the crypto market in the next few months or year." Now that Ethereum is just as good for the environment as other proof-of-stake chains, it's not clear if other chains can really compete with Eth without that environmental edge. But artist and environmentalist Joanie Lemercier, who has been minting his work on Tezos since the beginning, has no plans to leave the platform any time soon. "I'm not a millionaire like a few of my friends who got rich on Ethereum and didn't care about the environment," Lemercier said. But he doesn't regret his decision to mint on Tezos. He says that while his work hasn't sold for "ridiculous" prices, sales have been steady and haven't been nearly as affected by the crypto crash as artists who trade on Ethereum. He says that his sales have been about the same as last year and that he's making more money than he does with his physical work, which is sold in a New York gallery. "And the fact that the Merge didn't really help to boost the value of Ethereum is not a good sign," Lemercier said. "Since Ethereum doesn't sell well, there's no reason to switch right now. It just doesn't sell." Even though good news was all over news sites and social media, the price of Ethereum barely moved. At the moment, Eth is worth about $1,400, which is more than 60% less than what it was worth at the same time last year. But it's still early. https://nftdawn.io/the-impact-of-ethereum-merge-on-the-nft-space/?feed_id=2074&_unique_id=63257cee2be32

[thebeardynerd]

10 New Cryptocurrencies That Could Explode On Binance

There are many cryptocurrencies out there, it can be tough to find the right one. This list includes 10 crypto coins that are worth researching and investing in.

This article introduces you to cryptocurrencies, which are likely to increase in value and be used for long-term investments. These coins aren’t just random, volatile investments that can hurt your portfolio but create long-term growth and stability. 

To create our predictions, we looked at the past price of cryptocurrency, sustainability, applicability, and scalability. We put together a list of cryptocurrencies that are predicted to explode in 2022 that will be on Binance.

A list of the top ten most likely to explode in 2022 in Binance:

Ethereum (ETH) 

It’s a safe bet that Ethereum (ETH) will be the most popular cryptocurrency in 2022.

As a result of the long-term durability of blockchain technology and the positive outlook for the future, Ethereum is the most probable cryptocurrency to explode in 2022. Today, Ethereum is the most widely used smart contract platform. dApps, meme currencies, NFTs, and other new crypto technologies are all represented here.

Long-term demand for ETH tokens is likely to rise due to these factors. The Ethereum 2.0 upgrade is predicted to result in a big price increase for ETH tokens due to a decreased supply and a more efficient network.

We think Ethereum will be the next great thing, in addition to its price history. Ethereum was founded in 2015, and its initial investors have earned an ROI of more than 650,000 per cent since then. Its capacity to recover fast from even the most dramatic market crashes has shown its resilience during this period.”

Ripple (XRP)

If you’re looking for the most popular cryptocurrency, go no further than Ripple (XRP).

Ripple’s popularity and controversy are inseparable. Currently, the SEC and the company’s creators are locked in a legal fight in US federal courts on allegations that they advertised and sold unregistered securities to the general public. Though it is no longer the greatest cryptocurrency to purchase in 2022, it is still regarded as the top option.

Because of its sturdiness, it’s ranked highly on the list of the next cryptocurrencies to take off. With an ROI reaching 7000 per cent, Ripple has maintained its place as one of the top ten most valuable cryptocurrencies despite an ongoing court struggle and negative news around the company. The altcoin’s popularity has surged, and its community has constantly increased, despite the lack of investor interest.

ApeCoin (APE)

Topping the list of promising altcoins is ApeCoin (APE). Cryptocurrencies predicted to take off in 2022 have put them on the list. Because of its price history and rapid growth, it earns a spot on our list. An ROI of 500% may be achieved in three months.

ApeCoin has a very active community that includes celebrities and popular crypto influencers. The token also has many crypto products, some of which are oversubscribed, which points to the net outcome of driving up APE token prices.

With a cryptocurrency market on the rise, ApeCoin is predicted to increase in popularity and value.

Binance Coin (BNB)

The next crypto-based exchange-based currency to burst is Binance Coin (BNB).

The Binance-affiliated Binance chain network uses Binance currencies as utility tokens. As one of the most widely used blockchains, it is also one of the most popular. Also, in the almost five years that it’s been operating, it’s generated an ROI of more than 200,000 per cent.

Solana (SOL)

Smart contract blockchain token Solana (SOL) might be the next big thing.

The Solana smart contract ecosystem is one of the most rapidly expanding. After less than two years, it has risen to the top ten list of cryptocurrency assets, seeing its market capitalization reach $78 billion. It now boasts a return on investment (ROI) of 18,000 per cent or more.

Solana is an altcoin to keep an eye on because of its rapid development on its blockchain network, making it a worthy addition to the list of upcoming cryptocurrencies.

Cardano (ADA)

Cardano (ADA) is the clear winner in terms of the most secure blockchain.

Proof of stake consensus is the most energy-efficient way to operate a smart contract platform. All Cardano programs and improvements must be peer-reviewed before deployment, making it one of the most secure blockchains. As a result, the network has been inundated by security-conscious crypto developers and companies.

Decentraland (MANA)

The most promising metaverse token is Decentraland (MANA). One of the most popular and profitable metaverse projects, Decentraland, was included on our list of the next big things in crypto. For this reason, it has grown to be the biggest and most valuable virtual world since it is the oldest in the metaverse.

Additionally, this has enabled them to secure important collaborations with big businesses on and off the blockchain.

Uniswap (UNI)

The next decentralized exchange currency is Uniswap (UNI). It is general knowledge that Uniswap is known as the DeFi king. Built on Ethereum, it will issue its UNI coins, which will serve as a utility and governance token, before the end of 2020. These now have a return on investment of over 1000 per cent.

Due to its growing popularity and following, we believe its token values will continue to climb, putting it on our list of the next cryptocurrencies to burst in 2022.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is my favorite when it comes to the next meme currency.

In terms of meme currency, Shiba is a close second. As of August 2020, the market capitalization of SHIB tokens has increased to $6 billion (it peaked at $41 billion in October 2021). Investors’ capital grew by more than 5 million per cent by May 2021.

Bitcoin (BTC)

If you want to invest in cryptocurrencies in 2022, Bitcoin (BTC) is the best bet.

Since Bitcoin can withstand the worst news and political opposition, it will be the best cryptocurrency investment in 2022. To make matters worse, the first cryptocurrency is now selling at a discount of almost 60% off its normal price. After a brief dip in recent weeks, however, it is likely to restart an uptrend and break above the 2021 highs, making it a candidate to explode.

Conclusion

Finally, in 2022, we may expect the next big cryptocurrency boom. Over 18,000+ crypto-assets might be intimidating when looking for the next big thing to take off.

This crypto investment guide has exposed you to the ten most promising cryptocurrencies expected to skyrocket in 2022. Each has been examined in detail, explaining what makes it the best crypto to purcha

Source links - 10 New Cryptocurrencies That Could Explode On Binance

[coinprojects]

New Post has been published on https://coinprojects.net/bear-market-will-last-until-crypto-apps-are-actually-useful-mark-cuban/

Bear market will last until crypto apps are actually useful: Mark Cuban

Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won’t be over until there’s a better focus on applications with utility.

He also doesn’t think the market has hit “cheap” prices yet.

Cuban has stated in the past around 80% of his non-Shark Tank portfolio was in crypto. Appearing on a June 23 episode of the Bankless Podcast, he was asked how long he believes the current crypto bear market will last:

“It lasts until there’s a catalyst and that catalyst is going to be an application, or we get so low people go ‘fuck it I’ll buy some’”.

He believes a better focus on applications with utility will pull crypto from its slump and with so many apps focused on financial technology or collectibles, the launch of a business focused application would be one of such events that could spark a reversal for markets.

Using the example of a “decentralized version of Quickbooks”, a small business accounting management software, Cuban predicted a rush of users if something like that launched.

Despite analysts predicting that Bitcoin (BTC) as well as many other cryptocurrencies have hit a price bottom, Cuban says “it’s not cheap yet” when analyzing the high market capitalization of some projects.

“You look at the market caps, and you see it’s a billion dollar plus market cap or $6 billion or $8 billion or $40 billion you don’t look at that and go ‘that’s cheap’. If you remember back to DeFi summer, these things were selling for less than a penny and their market caps were in the hundreds of millions.”

He adds even with lower market cap cryptos “there’s no utility”, and gives an example of the decentralized exchange SushiSwap (SUSHI) token as a “relatively cheap” buy with its $215 million market cap, but added:

“You get paid it if you’re a liquidity provider, but then who’s going to buy it from you? What’s the reason to buy it from you?”

Cuban believes mergers between different protocols and blockchains will eventually see the crypto industry consolidate, as “that’s what happens in every industry”.

“I’d rather get with somebody who says ‘let’s do a roll-up’,” with Cuban saying that he’d support a merge of various blockchains, close others and then move applications and communities over to just one and offer a token exchange or bridge from the closing blockchains to port users over.

“Now all of a sudden your user base is 10x, you still have a problem of better applications, you still have to have some reason people want to use that blockchain but at least you may be able to have a better community to come up with ideas because otherwise you’re gone.”

With the crypto space having various sub sectors such as Layer 1’s, Layer 2’s, NFTs and DeFi tokens, Cuban was asked which he was most optimistic on.

Related: Mark Cuban says crypto crash highlights Warren Buffett’s wisdom

Cuban said he was particularly interested in carbon offset DeFi tokens which he burns to offset his own personal carbon footprint. He added whilst not everyone cares about offsetting their carbon emissions, it was the “easiest way” in comparison to buying carbon offsets from a broker, which he claims is “a pain in the ass.”

Ultimately though, Cuban said “all of them have potential, that’s why they got all this money, all of them have a reason why they think they’re better and will succeed”.

Source link By Cointelegraph By Jesse Coghlan

#Altcoin #Bitcoin #BlockChain #BlockchainNews #Crypto

[metaverse-guide]

WHAT IS METAVERSE?

Introduction:

 This is a guide to understanding the concept of metaverse by Jaymin Kim. The term METAVERSE has been around for a long time (up to 30 years now) and despite that, just like any other buzzword, its meaning has not gotten any clearer and it is still a mystery to most laymen and even some experts.

The first thing to know about the metaverse is that the word was coined by Neal Stephenson in 1992. The word was primally mentioned in his science fiction novel 'Snow Crash'. He imagined a 21st-century dystopian future as a medium for people to escape from their reality just as displayed in 'The Matrix', though with a dye of unwillingness.

Meaning: 

I think the meaning of metaverse cannot necessarily be bound by the confines of a definition as it is not yet credibly incorporated and implemented in our world today. It can, however, be conceptualized as an evolutionary development to our today's internet that involves a 3D virtual reality and augmented reality in which users can enter a virtual world to work, shop, play, communicate and socialize with the feeling of being present, though virtually.

Metaverse involves the use of virtual and augmented reality headsets and it emphasizes 'presence'. Presence is the major and most important definitive attribute of the metaverse as technological advancement is proposed to make people feel present in virtual reality, mixed reality, and augmented reality by choosing their avatar that can be personally customized.

  Incorporation: 

The popularity of the term 'metaverse' has radically heightened since big technological enterprises and business organizations started showing a high amount of interest in the concept and envision it as the new future of social connection and business. Facebook hinted interest in the metaverse in 2014 when 'Oculus' was bought. Interests in the metaverse spiked when Mark Zuckerberg declared that Facebook's commitment has been directed to the development of the metaverse in 2021, Facebook was renamed 'Meta Platforms'.

The metaverse technology has already been incorporated into video games and is now widely used. The game that is the closest to the metaverse ideal is 'Second Life' which, just as the name suggests, displays a virtual world that is populated with live people that choose a representative avatar to live in a persistent three-dimensional world, as defined by its creator Philip Rosedale in an interview in 2022. Second Life is often regarded as the first metaverse. Roblox is another acclaimed metaverse software that has gained significant usage in the marketing world today.

Metaverse involves the use of virtual reality headsets with a price range of $300-$3000 as of 2022

Criticisms:

 Despite the proposed wide range of use of the metaverse, there are some criticisms of the concept. The most prominent issue with metaverse is privacy this is because most users would have to give personal information collected by related companies thereby violating the privacy of the users.

It is also thought that addiction and problematic social media use which are already displayed aftermath of the internet today would be displayed in more chronic ways with the incorporation of the metaverse. People will probably get addicted to it and will see it as a medium to escape reality and that will lead to depression and other mental health problems. 

 Jaymin Kim, have written articles on metaverse, Web 3.0, NFTs, Crypto, Bitcoin, and the digital World. Do visit my profile for more related quality content.

[nickgerlich]

FOMO In Store

Back in the 1990s, a Gold Rush of sorts took place in the business world. Unlike the 19th century folks trying to stake claims, this rush was companies and individuals trying to stake their claims on the internet. And instead of gold, it was names.

Dotcom names.

There were winners and losers, to be sure, and some companies wound up paying exorbitant ransoms from savvy extortionists who were smart enough to gobble up domain names with no intent whatsoever of actually using them.

And then there were the companies who, even until this day, never quite embraced the idea that e-commerce could achieve critical mass and relevancy. They were the ones left most vulnerable during COVID, and it is hard to muster sympathy when you realize they had 25 or more years to figure this out.

But there’s another Gold Rush of sorts happening now, and it involves securing trademarks for brands, which includes products, services, and retailers, in the Metaverse. Walmart, long excoriated for ruining Main Street America, is among the companies silently registering trademarks so they can do business in a virtual reality that has yet to play out.

Call it a fear of missing out. Lesson learned. We ain’t gonna miss out this time around.

Most of the world is still trying to figure out exactly what the hell this Metaverse thing means. We can thank Facebook for catapulting it into the limelight last year when it renamed its company Meta. It often pays well to be an early mover, especially when you think there’s gold in them thar hills.

Basically, it involves cryptocurrencies and NFTs. If you are still scratching your head, you are not alone. This may all be just a fad, kind of like one of my former Deans proclaimed back in the late-90s when I wanted to teach a course in E-Commerce. God rest his soul, he finally came around, and saw that my undergrad class was so successful that he wanted one for MBAs. The regular evolution of the subject has resulted in my current courses in Digital Marketing.

Yeah, I’d say E-Commerce and Digital marketing are relevant. But the jury is still out on the Metaverse. After all, it’s virtual, and while there is “value” ascribed to the various currencies and digital products, no one really knows yet if this will all come crashing down. There’s a lot of speculation going on here.

Where Walmart thinks it might be going with this is anyone’s guess, especially given that Walmart ranks pretty low on the coolness scale. But I understand their eagerness to stake their claim now, because it took them about 25 years (and COVID) to figure out e-commerce. I doubt, though, that their primary target market really cares. This is the stuff of tech folks and the wealthy.

Retail chain GAP has launched its own NFT experience, linking collectible artwork to hoodies. It’s a noble effort from GAP to try to regain relevance, especially since it had drifted into that boring sector of middle-aged consumers. By gamifying the experience, they hope to attract a new generation of shoppers.

As for Walmart, I am still trying to wrap my head around this. Are they going to launch NFTs for their Ol’ Roy Dog Food? Great Value Pasta Sauce? They gonna have to up their game considerably, if you can pardon my street talk.

At the same time, though, I applaud Walmart and everyone else for thinking forward. It’s always easier to be proactive than reactive, and if none of this goes anywhere, they are only out the cost of those trademark filings. It sure beats trying to catch up, like Walmart and many others had to do in the E-Commerce era.

All of which has me wondering if I should create some NFTs of my photography. Why wait until I’m dead and gone for my notoriety to soar? There might just be gold out there. I don’t want to miss out.

Dr “Time To Fund My Retirement“ Gerlich

Audio Blog

[pandainu]

What might happen to PandaInu coin this winter 2021?

As per the cryptocurrency experts prediction the future of PandaInu coin is so hot in this coming winter 2021. And it will grow rapidly.

According to the cryptocurrency influencer has been sharing support for PandaInu coin recently, which has some, believing the coin, will rise significantly soon. Cryptocurrency influencer recently posted a new YouTube video to their accounts that PandaInu coin may rise on the top. They said in the video, “there might be more to this token than meets the eye.”

They also keeping an eye on PandaInu coin for a few weeks now, especially after negative rumors will add PandaInu coin to its portfolio, but after the watch according to The Daily Hodl.

• PandaInu is one of the most successful cryptos in this category. And it will be listing SHIB, however, I consider the possibility that there are highly chance to PandaInu coin meets the $2 in this winter 2021.

Why PandaInu coin may climb Fast?

As Per market FX traders, we suggested that the coin’s success could hinge on Dogecoin’s & Shiba drop in success. Dogecoin was one of the biggest cryptocurrencies in April and May — especially as Tesla CEO Elon Musk tweeted and chatted about it before falling off, where PandaInu is different as per the connections they have to the crypto community. PandaInu really just a meme and nothing more as per the users said, but this is not true, PandaInu is a Decentralized Finance Dapp protocol. As per the core development community-of PandaInu is driven as Shiba Inu & Dogecoin Killer. It is all because there are definitely seem to be some seriously prolific people behind the project.

PandaInu coin is rising for a bright winter, especially its social media hype and worldwide strong community that share up a massive support.

PandaInu coin predictions for the winter 2021?

As a writer for crypto news sites Benzinga, doesn’t see a great winter ahead for some cryptocurrencies, like Safemoon, Doge and Shiba Inu coin since they rely on social media hype and mentions from prominent figures, like Tesla CEO Elon Musk.

But as I said before the Doge, Safemoon, or Shiba Inu are baseless projects without any strong fundamentals,” But if you can see the roadmap and project community of PandaInu then you will see PandaInu projects will rise due to his strong fundamentals, strong development, and strong worldwide community with social media hype and community momentum. The fundamentals of the PandaInu project are only discussed in hindsight on subreddits for the most part.

As everyone knows PandaInu is a meme-based cryptocurrencies might suffer a sharp fall if there are more investments in the near future. People will invest in the crypto tokens but then sell off their earnings, creating another crash. This is similar to what happened after cryptocurrencies peaked in spring 2021, as many have now lost a significant chunk of value. But here in PandaInu you will never face such issue because of its PandaInu wallet and Upcoming NFT farming though PandaInu wallet.

PandaInu coin will rise more than 160% in recent weeks after it hit its lowest value ever in August, according to investors. But the price shows there is still some support for the crypto token, which has seen a jump in movement over 25-day and 50-day periods,

One prediction from Investing Cube suggests the coin will face resistance for a little longer before it begins to climb again if there’s a mention from a prominent figure, like Musk.

Such a mention “could easily be enough to swing the prices of these digital assets by double digits in a matter of days,” according to Investor Place.

For more details and better reach anyone can connect us though our official telegram channel & group along with our active social media platform, which will share you instant update about the price and current growth of PandaInu.

Twitter: https://twitter.com/Pandainu21 Medium: https://pandainu.medium.com Reddit: https://www.reddit.com/user/Pandainu_official Facebook: https://www.facebook.com/pandainutoken Discord: https://discord.gg/VNArvWTd Telegram Group: https://t.me/pandainucommunity Telegram Group: https://t.me/pandainuofficial

[nftdawnio]

CryptoPunks is in the news because the NFT collection did well last week. The well-known NFT collection is at the top of many rankings on Crypto Slam. Even though the markets are getting better, CryptoPunks is still ranked higher than the BAYC collection. The CryptoPunks collection is back, and it's easy to see why it's at the top of the NFT sales list. In the last week, the collection has made more than $25,3 million in sales, which is a 558 percent increase. In the same time period, the archrival BAYC made a little more than $12.4 million. Still, analytics platforms are keeping a close eye on the fast purchases. Santiment said that the number of Punks OTC transactions had gone up a lot in the last 30 days. At this time, a CryptoPunks NFT for 120 ETH ($140k) was the largest transaction. NFT OTC (over-the-counter) trading has become more popular recently in the NFT space. It lets customers buy their favorite NFTs for little or no money. NFT Finance (or NFTFi) protocols are also becoming more interesting to holders and possible buyers. NFTFi also offers other services, such as lending, borrowing, and renting holdings, to get more people involved in the NFT market. In terms of the number of NFTs sold, CryptoPunks is at the top of both daily and weekly charts. Crypto Slam says that sales on the daily chart have gone up by 391% to $7.11 million. The rise in CryptoPunks shows that the NFT market as a whole went up last week. The crypto crash of the second quarter has been hard on the NFT market because prices have dropped so quickly. What does this mean for the CryptoPunks collection from here on out? Even though the collection has grown in recent months, it is still behind Avalanche's latest PlatypusNFT, which has a 30-day total of almost $4.9 billion. CryptoPunks has only been able to make a small amount of money, about $59 million. The NFT market will become more interesting as new collections bring in big crowds. https://nftdawn.io/cryptopunks-leading-over-the-bayc-collection-in-the-rankings/?feed_id=1106&_unique_id=62d517dc76035

[blockpaths]

Time Trotters: Not Your Average NFT

Time Trotters are unique characters, each with their own personalities. They are minted on the Cardano blockchain, which utilizes Proof of Stake to reduce carbon footprint.

What’s unique? Most projects drop at least 10,000 NFTs in a single sale. Problems that have arised are: 1. Money-first, minting-second: delayed ownership of NFT for as long as 2 weeks, even though money has been transferred 2. Neglected after-sales: lack of maintenance care in the secondary market to prevent NFT devaluation 3. Unfair Sales Inflation: Most have a whopping 10–20 times difference between their price buckets! Not to mention, a max. price of 200ADA!

Pricing: Problems & Solutions? – The popular price bucket method is based on per 1000 NFT sold, there are downsides: – Reservation Panic: Buyers scramble to enlist help from friends, and open millions of browser tabs just to buy an NFT. Historically, this has crashed servers on more than once. – Luck becomes the Ultimate Whale: Early adopters and long-time supporters may miss out on the chance to purchase because of millisecond differences.

Novel tokenomics allow for: – Equity for early adopters: Buy as much as you’d like. There will be no crashes, and no need for reservations as the wallet address and dust will be the same for all buyers. – Bundle Option: If you’d like more instantaneously, the option to purchase x6 Trotters or x10 Trotters will be available. – Looking Out for the Little Guys: Time is the only factor to price changes, so anybody can purchase at least one Time Trotter in the first price bucket. – Burning: The race to collect NFTs for upgrades will significantly improve the secondary market’s valuation.

This interview is organised by BitcoinLive and supported by BLOCKCAST.CC

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