5 天前
This is 💯 the problem. Thankfully, it is in the process of getting solved by @token_works and a few projects who decided to embrace progress. Excited to see what the NFT space will look like 1/2 years down the line.
5 天前
I'm going to explain the problem with NFTs
The problem isn’t that people don’t have money, and it isn’t farmers, flippers, or jeets. Those exist in every market.
The real issue is that Long term holders lose almost every time to traders and the only real pumps come from token announcements. People buy them for the tokens, not the NFTs themselves.
Why would they ?
They never hit new highs, while tokens keep doing it. Doodles Token made an ATH but the NFT barely broke 1 ETH.
If they can’t stand alone as an investment, they need to be tied to tokens. That’s the only realistic way to bring demand back. If retail won’t save NFTs, the token side might. @token_works has found a great starting point, but it doesn’t seem to be the complete solution yet. I hope they either improve it to make it work or inspire another project to do so.
Right now the only upcoming catalysts are Abstract, Otherdeed and the OpenSea airdrop. Strangely those are all tied to tokens in some way or another.
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