Too many people conflate hyper speculation NFT trends with a flourishing market. The two are at opposite ends of the spectrum, IMO. While speculation can lead to adoption, hyper speculation leaves people wrecked with no more appetite to explore other parts of the market, like art for example.
We need a healthy mix of both to have a flourishing market. I pitched an idea to @opensea to reward people who hold NFTs long term (speaking particularly about art here) by staking and paying out rewards (can be in Eth, USDC, or $SEA) on a quarterly basis or longer time frames. Each sale an artist makes on the platform could have a percentage designated to the fund. I think this initiative, combined with some of the strategy tokens we are seeing, could cause enough tension between short term thinkers and long term thinkers to kick off a golden era of NFTs.
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