As we enter the latter part of the cycle, people will begin moving down the risk curve. In this cycle, people have replaced NFT's with meme coins, and I expect meme coins to continue to gain traction in one way or another as things get silly. But what I am particularly bullish on is the marriage between the two. Using Metaplex MPL-404 standard, $Toast allows any new token to also have a sister component which burns a set amount of liquid tokens to mint an NFT from an NFT collection. This introduces liquidity to NFT's while also creating a deflationary element to the liquid token. Dev's can also get creative and allow rev share for only the NFT holders, leading to supply shock etc. We saw what this looked like in 2023 with pandora on eth, but on solana, it feels like the concept will have more fuel to really take off. At around $1.5 mm market cap, feels like a no brainer. This also will give a new element to the CCM meta, as creators can also introduce an NFT collection with...
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