NFT

coinfeeds-bot

tldr; FIFA announced plans to migrate its NFT platform, FIFA Collect, from the Algorand blockchain to a new Ethereum-compatible blockchain called FIFA Blockchain. The migration, aimed at improving performance and scalability, is scheduled to begin no earlier than May 20, 2023. Users will transition to EVM wallets like MetaMask, as Algorand-based wallets will no longer be supported. FIFA will provide step-by-step instructions for the migration process, ensuring a smooth transition for NFT holders. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

UnluckyAdministrator

Check it out at https://thegenesisheist.app and see for yourself why The Genesis Heist isn’t just an NFT comic… it’s a movement

mc_dugol

Cryptoclicks provided a tailored, insightful, and transparent marketing service for my Web3 campaign, delivering strong results and a genuine understanding of the crypto and NFT space.

Goku2000AD

Best crew Best art Best NFT Most bullish roadmap $Pyrate is the one!

Several_Handle_9086

Where the Methavers, NFT etc?

retroviber

depends on the cycle.. 2017 I was into Ethereum, Litecoin. 2021 I was into Metaverse/NFT and 2025 I am into meme coins, ai coins. I rotate my profits through cycles.

MinimalGravitas

> And eth is hemorrhaging more use cases to Hbar. I still chuckle when I remember the list of projects you tried to use as examples of things moving from Ethereum to Hedera... there was an NFT 'artist' who no one has ever heard of and a fake 'carbon capture' project that had none nothing other than get a grant from the Hedera foundation and then sold a token... Hedera had one meaningful use case (Atma) and they abandoned the shitty network. Hedera is now processing 4 transactions per second, and the closest they get to adoption is when they hype up lies about companies using them, like this time last year when they shilled the nonsense about Blackrock. I honestly feel bad for you and your emotional attachment to a slowly failing project. There are about 3x more transactions per second on just Sony's Ethereum rollup than on the entire Hedera network! https://l2beat.com/scaling/projects/soneium https://www.hederatxns.com/

Jolly-Championship31

yep, and you'd be scouring the pages to find the next IPO or altcoin to launch and get on early enough in hope for it to moon.. Then the NFT world launched.. then metaverse... we just had the memecoin/rugpull phase but i think it's all settling down into 'we hope Stragey buys more this week'

Difficult_Spinach504

Load lions or Dark lions NFT on Cronos

KingofTheTorrentine

What's the problem? You own the NFT.

magic-karma

For me, yes, there should be some guidelines, if not laws. Things like: -what accounting and custodianship an exchange must perform for trading and holding coins for customers -listing requirements for what entities may become an exchange -listing requirements for what may be considered a “coin” versus “art” (NFT) There are plenty of others but these few things would likely help grow the industry as a whole.

Dependent_Phone_8941

Cryptokitties 2017. Back when the entire NFT community saw the potential in what they could become and before everything was about a quick buck.

coinfeeds-bot

tldr; Nike faces a $5 million class-action lawsuit accusing the company of abandoning NFT investors by shutting down its RTFKT subsidiary and devaluing sneaker-themed digital assets. The plaintiffs allege Nike promoted unregistered securities and misled buyers, violating U.S. securities and consumer protection laws. The lawsuit claims Nike profited from NFT sales while leaving investors with losses. Nike has not commented on the allegations, which come amid regulatory scrutiny of NFTs as potential securities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

PhraseAggressive3284

All the Crypto NFT buys/sells are money laundery anyways. so who cares.

noviwu97

My biggest multiples were from NFT too. Minted several Celestia Sloth at $10 and sold all of them between $3k-$4k

economic-salami

The problem with NFT is that competing networks can establish different NFTs for the same entity. Ownership of an asset, sure. But what if both the US and China asserts ownership to different people? IRL, only the one who can exert physical control gets the ownership. In digital world both can coexist as long as both networks get running. The tech side of tech is ready, but the social side of tech is not really there.

SomeYak5426

I think one of the things people miss about crypto markets is just because there’s some external visibility, it doesn’t actually mean theres full context or people necessarily know what is actually happening. So for example, lots of groups will trade things internally and so looking at sale history doesn’t even mean it was a public sale. So if you have groups that have collective assets, you can use NFTs to represents physical real world thing and then trade that. So for example, you could have a set of boats or properties that are owned by a club/group/company, and then trade it around using the NFT, and functional ownership is granted to whoever holds the NFT without any “real world” legal paperwork having to be administered. You can do it for cars, boats, trains, properties, anything really. And from the outside looking in, all anyone would see is random assets being traded around without any context for why because that part isn’t necessarily public and a lot of the reporting on what might be driving it is often speculative.

SomeYak5426

The concept of an NFT is conceptually fine. You could host a small json blob containing details of ownership for various assets etc and things like that, and then trade the asset without physical paperwork. I’ve often thought the most absurd use cases of NFTs were done so in a bonfire of money in part to inflate markets, but also I think some people did it to show how absurd they think it is. So like people who hate the idea run scams using proxies and then make money scamming people to “prove” how terrible it all is, while being able to say “haha told you so” at the end.

aevitas1

If you spend 1.25 million (heck, even if you spend more than $10) for a NFT then you weren’t too bright to begin with. Everyone could see this NFT shit was a scam from the beginning…

Speedy-08

Well, first of all look at how Opensea handled it. It was trivial to sell the NFT off platform and negate the contract.

Substantial-Bus4982

$HEGE - Easy, over a year old, payouts on NFT’s, story driven coin… Literally turning into a Brandcoin, many many many more reasons why it’s the best choice

CunningStunt_1

Absolute rubbish again. No decentralised method of proving the artworks existence, let alone linking the NFT to it.

Greegga

Imagine spending anything on an NFT

g4mersdavico

Ok, I was 100% sure that this was just another meaningless NFT project but this is actually the real deal lol.

LBG-13Sudowoodo

Yeah, you own a token with a link that leads to a 404 image not found. This isn't a 1 of 1 where you get the raw files and ownership rights along with the immutable proof of ownership, this is an image in a collection, so in a way, yes you don't own THE Mona Lisa, but you own A Mona Lisa. This analogy holds ground based on the context of the collection and really understanding what an NFT is and is not. If you hate the application and don't have first hand experience, maybe you should not be giving opinions about it's nuances.

0RespectMyAuthority0

And anyone can print a copy of the Mona Lisa and put it on their wall. Does that mean they own the Mona Lisa? I hate NFTs and don't own any but this analogy doesn't hold ground if you understand what an NFT is, and what the underlying Blockchain tech does.

panoramix123

Well from a seasoned blockchain developer perspective NFTs as images even though I don't like it make sense as long as the code generating the image is opensource and the commit hash or something of the code is written onchain. That means that the rendering engine is immutable and you own the key to generate the unique image you own. The image itself was always just a graphical representation of the NFT seed you owned and nothing more, unless as some metioned it, the pixels are stored onchain. One could argue that you still need a rendering engine to display your image from the stored pixels so the result is kind of similar.

dylanbooth78

I cant believe everything that sane people said about NFT's when they first came into being turned out to be true!!...also great way to tell everyone you are a money launderer! /s

liquid_at

Fees are usually calculated through data that you need to store on the blockchain. Transactional data in text form requires significantly less data than a high-res image would. So imho your assessment is correct. They wanted to save money and when NFT creators looked up the options they had, they picked the cheapest.

Grunblau

Hope he enjoys his NFT when the dinner is cancelled.

MiataBoy95

Yep, true, on chain written NFTs are properly implemented and you would never get a cloudflare error, i guess that they were more expensive to mint on the chain so probably many NFT artists didn't want to bear the higher initial cost and only added links to the block (much lower data amount to be written at the time of transaction), problem is most people cannot figure out this, just read the comment section of this post 🫠

bimbobandit2016

Moodeng is one of the few memecoins with devs actually trying to build utility around it. First they collabed with Chainlink to make the coin multi chain, then now they have created an NFT attached to the coin. Market is rewarding their work with over 20% daily pumps over the last week https://x.com/MutantLabs_/status/1915443372086514099?t=qstISxnwlkbbE0z1C9BgzQ&s=19

liquid_at

100% jpgs were a proof of concept and some people hyped it as if it had value. Same technology is used to trace the origin of materials in real world applications, but those aren't what people refer to as "NFT" and also not what they criticize. 100% of all criticism of NFTs I have heard is that jpgs are worthless and I can only agree with that. Jpgs are worthless, the technology behind NFTs is not.

liquid_at

Why would a physical picasso that is registered on the blockchain be worth less than a physical picasso that is registered in paper books? I think you are fooled by the idea of "jpg nfts" which are just a proof of concept, that it is possible to attach images to the blockchain. But that's not what "NFT" is. NFTs do not require a jpg to be attached. it's just a ledger of art. It's just the database the artwork is registered in, so owners can transfer ownership more easily and also prove previous ownerships to verify its authenticity. "jpg" is not the essence of NFT. But on a side note... Museums already have NFT-sections and the pictures you see there aren't crazy monkeys or any of that trash that has never had a cent of value to begin with.

MiataBoy95

But then the road to reach the house you bought is inside private premises and you didn't buy permanent access to the road, as soon as the NFT artist stops paying for the road usage rights no one can reach their own home. In short you bought nothing.

Dongerated

Address poisoning is a scam where a fraudster sends a small amount of cryptocurrency or an NFT to your account, resulting in a "poisoned" transaction appearing in your Live history. The scammer's address is crafted to closely resemble one you've interacted with—sometimes matching the first or last few characters—to trick you into copying their address and accidentally sending funds to it.

Puzzman

Whenever I think of the economics of it - why have it as a NFT on a blockchain (and pay gas fees) when it can be all in-house like Diablo 3 auction house?

gamefidelio

Talk about NFT being a liability and not an asset.

4coffeeihadbreakfast

The more in demand an NFT is the more nodes have it cached, IPFS is actually a very decentralized protocol, any node can pin any content. There is no free lunch, you can pay AWS or google for cloud storage where your content is scanned for tos violations and only exists in one place or you can upload it to a truly decentralized network where it exists on many providers and will remain available on the network as long as it’s in demand enough to be cached or pinned by a node. The worst case scenario is that you host it yourself to ensure it’s available.

EpicMichaelFreeman

There are ways around this. Fully on-chain NFTs that aren't expensive to mint exist. There are several Cardano NFT projects with fully on-chain images, GIFs, and even a fully functional on-chain chess AI by someone who programmed one of the smallest chess AIs. But sadly most NFTs have lost almost all their value. I knew it would likely be that way but still invested in some, but they are fun collectibles for me.

CipherScarlatti

Does it work where if I have a ticket NFT, but you want/need it I can sell you the seat for a little more money?

paxwax2018

I’m sorry, so the NFT is made (do I take a photo of my car?) then split into coins (I spin up my own coin using say the ETH network?) that references the jpg? Or the link to the jpg? And then I “access liquidity” does that mean selling the coins? So I’ve turned a supposedly unique NFT into a meme coin? And people will want to buy it? How do I prove I own the car, and what stops me from doing it over and over? Perhaps pictures of different parts of the car?

Every_Hunt_160

NFT = Non Fungible Thrash

srikarz

Only someone incredibly dumb would spend millions on NFTs. Then there's a dude who bought a 69 million dollar art NFT, which might be worth 1 million or less now.

The_Dude_2U

No. If you made an NFT of a larger asset that actual has value, you could leverage that in shards at a broker site to access liquidity with competing “lenders”. Thats all I’m waiting for.

CipherScarlatti

Neat. Ticket sales that don't involve the criminal Ticketmaster. NFT that is useful.

SirLoremIpsum

> Correct. I’m surprised people haven’t tokenised expensive things like boats, houses, or rare art yet. Why would they?? "Oh your wallet got hacked, so this is my house now" "Great mate I'll just be out in like 20 minutes that ok?" There are so many things you want to do with a title to a house/car that you could never do with an NFT

paxwax2018

So, if I made an NFT of the stamp you’d be interested but not the physical stamp itself?

Cagel

Only thing in the world dumber than an NFT is one of those AI generated Trump NFTs

makmanred

Think of it like this. You have a wallet with a blockchain address (your DID). When you go play on chess platform A, you do a wallet connect (ie, you authenticate yourself to the platform). You play and win your match. Platform A sends you an NFT that authenticates your win. If you beat Magnus Carlsson, the NFT will say so. That NFT is validated to have originated from platform A, so it can't be faked. You can then connect to platform B. platform B sees all your NFT's from platform A and thus knows how you rank and can seed you in their tournament appropriately. It's decentralized because the authoritative records are stored on chain, not in a central database owned by any single organization, and it works because of the standards that all the platforms agree to.

never_safe_for_life

Have you ever considered you don’t own a single game you’ve ever bought on Steam? Just a license to use their downloader for the binaries. Should they go out of business it’ll be a nasty shock. NFT ownership *could* become a thing, assuming a lot of ifs. I’m also a software developer, I see the potential, while also not caring too much.

TrueDreamchaser

Yes but in a year like right now, when all markets are down (which is when NFTs are bottomed out), you sell your NFT and you like netted a huge loss in all markets. However, the entire time you made crypto gains you just convert to stables and never report it. You claim it’s a crime and it’s so threatening, but not once has anyone been audited for crypto gains. Find me once case of it…

BidenAndObama

I think companies are missing out in that they can use NFTs to represent future values of goods Ie. NVIDIA sells an NFT that is exchangeable at NVIDIA for a 6090 card when it comes out. That way they can pull future revenue forward, a market is setup that trades it's value today.

skililo

Lots of comments - however my Coinbase NFT collections, which they forced us to move to Third Web, were hacked in 2023/2024 and everything I had restricted, nobody wanted to touch Comtract ERC721. Coinbase shrugged off to Third Web, Third Web said pay to move your NFTs to a burn address, which I had to do. I washed my hands and re-minted everything with OpenSea on a new contract. Now I see Coinbase is washing their hands of Third Web and telling folks to move their tokens or NFTs if they’re hosted there. I thank the bytes that I never moved to Third Web and decided to go with a Ledger Wallet, using OpenSea marketplace to sell - lesson learned

BidenAndObama

Perhaps but there's a lot to gain from even centralised use cases. For instance is very easy for Tesla to say pre-sell the 2027 car.. as an NFT that represents the pre-order. And thus have it trade on the open market for 2 years, get the funds now.. and then in 2 years on release you show up with an NFT which gets consumed and you receive your car. This kind of system could be pretty good.

EODzealot

Imagine spending 1.25 M on an NFT. There fixed it.

elementfortyseven

imagine thinking an NFT is an image, and not just a signed and hashed JSON blob with a link inside.

hidazfx

Yeah. I envision a store/launcher where the "NFT", be it the actual token, is the license key to the game which enables you to download said content from whatever CDN. 0 chance in hell game downloads today could ever be decentralized, but it's a fun problem to think about!

hidazfx

Yeah. It took Valve/Steam like 20 something years to add refunding to the platform, and I'm sure there's so many legal loopholes, taxes, and logistical nightmares running that operation. Especially on a system that was never designed to support it, a system where once an item is in your library, it's there forever. The NFT concept kind of solves that issue somewhat. It does bring in a whole other set of issues, but being able to sell/trade, refund and do whatever I want with my game license would be very cool. Just like discs, which is where GameStop shined.

threeseed

Would you download a NFT ?

hidazfx

I was part of the whole GameStop thing years ago, I remember when WSB was tiny as fuck. After all that blew up with the squeeze, GameStop got heavy into block chain. I was totally expecting them to use all their new money and build an NFT based game launcher, where the tokens themselves served as a license to your game. No lol, it was just another wallet that died shortly after. I still think a game launcher that uses NFTs under the hood as a license key to games makes sense. Seamless trading, reducing piracy, etc. I'm a software engineer but I'll admit I haven't put much thought into it.

stonkgoesbrr

I didn’t check what the actual NFT was which OP has posted. So if it has another use case, fair enough. I thought it was another bored ape style art NFT or something, which was the first hype when they popped back then. NFTs can have a great usability (and value) in general, that’s not the point.

Secret_Account07

I actually made an NFT of another NFT I stole. Who’s gonna stop me?

Macrike

The whole value proposition lies in the attached link? How so? "The 20,000 avatars, referred to as “Clones,” are metaverse-ready, with access to 3D files via the Clone.meta vault, allowing holders to use them across platforms like games, AR filters, or Zoom meetings." Seems to be like the tokens have/had utility outside of the image in the token's metadata. The image is simply a visual representation of the token; nothing more. The real value is in the token itself and what the token allows you to do (which is dependent on adoption/integration). Also, the Cloudflare issue is temporary and more to do with the dependency on a centralised service than with the NFT itself. People are not buying NFTs because they want to "own" the media linked to it.

paxwax2018

“If a bunch of dudes are banging your wife, the NFT is the wedding certificate.”

VisualFit415

I would rather believe In Joe Hendry than believe NFT has any value,purpose or legitimacy.

stonkgoesbrr

Correct indeed. But unfortunately this regard actually bought a non-fungible token which it’s whole value proposition lies in the attached link (which is some dumb art displayed as jpg I assume). If this link no longer displays the image, then the previous (market) value no longer exists. So unless they can recover the „art“ this NFT is worthless, even if the token still exists and guarantees the property rights to it.

smartello

Very small part of NFT is dumb, most of it is just money laundering (and donations).

stonkgoesbrr

Yup. Not only NFT, actually all token variants and the infra behind in general.

reddit4485

https://opensea.io/assets/ethereum/0x49cf6f5d44e70224e2e23fdcdd2c053f30ada28b/8368 The NFT on the left for 450 ETH is just about the ugliest thing I can imagine! Part octopus and part flower?

No-Setting9690

This guy gets it. NFT are really dumb.

suspicious_Jackfruit

Lol the Imgur point is so true. I made a crawler for looking for metadata for new NFT drops to automate finding the metadata and image data by using good old fashioned crawling of Ethereum testnets and common pathing URL formats in order to see the data inside minted but unrevealed NFTs, the amount of times I saw Imgur was suprising...

midipoet

The fact that individual "stablecoins" (outputs) can be identified, censored, and/or consficated is exactly why they are NOT fungible. In fact, Bitcoin was/is the original NFT.

3DigitIQ

Even in a crypto subreddit, where people are that should understand more about blockchain than the masses, most still don't understand what an NFT is. It's an immutable license key people, what you apply it to is irrelevant to the tech.

iwakan

To me it is actually odd how so many pro-crypto people are so anti-NFT. You say it's stupid because it's not the actual image you are buying, just a token with no inherent value. Well, newsflash but that is exactly how most people view crypto in general. *Any* crypto is just a meaningless token with no inherent value, only worth something because others have been convinced to pay something for it, just like the valuation of NFTs. Why is that valuation supposedly real and sensical but the valuation of NFTs are not? It's all just subjective.

dmx442

> Rare NFT That's a oxymoron

CipherScarlatti

This. But also I feel NFT have 2 levels of owners: Level 1 - People who used it for scamming and money laundering and tax dodges. (Very small number of people) Level 2: Everyone who got scammed by Level 1'ers. (Everybody else)

Humans_r_evil

NFT's only use is to be used as proof of assassinations to your clients.

megariff

If you like an NFT, make a screen shot of it and put it in a folder. Much cheaper.

Macrike

Does nobody here understand that the NFT is the token itself and not the media that the token’s metadata links to? The token still exists. That hasn’t changed.

Tyrexas

Liquidity ownership tokens on uniswap v3 are dumb? An nft is basically just a unique instance of a token type with metadata. NFT !== jpeg, hence I said most.

sun_cardinal

Elaborate, because to me it seems like the server or instance hosting the original NFT image was taken down for violating cloudflare's policies. How does that tie into networking? I am also assuming you mean networking in the TCP/IP sense.

CriticalCobraz

If you can spend $1.25Million on a NFT, value loss isn't an issue you should cry about

Slajso

If we go by "Ponzi scheme", and say fiat has no backing and it's one......well then we just end the discussion there cause there's no point, right? :D I mean, if it is, as it might be, nothing makes sense, so there's no point in discussing it further. So, maybe we just forget about that for the sake of discussion :D Anyway, there are millions of different crypto coins and whatnots, 99% are BS, and the rest can be put in the same category but only partially, at best. So don't look at it as the same thing. Google Vostro/Nostro, and learn how slow the money moves in the current system. Then you'll see why/how the new system will be much more efficient. Imagine old system where certain small % of transfers are lost (hey, don't ask me), where the settlement in the background takes 3-5 days, and where businesses that operate over borders and/or continents have to keep pools of money so that they can pay their employees according to the rules of that country (and whatever else falls into the formula). Now imagine a new system, where you \*don't\* have to pool the money across, for example, 3 continents, where settlements take less than 10 seconds, and where those businesses suddenly have all those previously locked funds at their disposal. And these are not low amount, btw, and it's money that can further be used. This is just one of the things that crypto will (already is) allow. Imagine doing your shift, swiping your card, and 10 seconds later the paycheck for that shift is there. The obstacles in the background are gone by then, so that'll be more than possible in the future. There's ton of other things, like "partial ownership" as I liked to call it, and here's an example: You want to build an apartment but only have 50% of needed money. Through crypto-tech (NFT and so on), you sell the other 50% to X amount of people who buy those % before it's made. You build it, start renting, and those people get the same % of each rent. It's all regulated, all automated (not atm, ofc), and suddenly you can earn passive from anything like that. We haven't even got to the liquidity problem the world has in the financial world, and this is solved by crypto as well. There are so many things that I know about, heard about, or simply don't know about yet when it comes to this, that I really believe we could be mindblown if we knew the possibilities the new system will bring. Also, take everything I say, or anyone else, with a fistful of salt, and DYOR.

LocationOk8978

I am saying that metrics are entirely irrelevant. Metrics are sales pitches to reel in users. At best, a basket of select metrics might give some indication of potential, but like everything with potential - it may never ever reach its capacity. Look at top 10 and find one common metric that they all share. >Calling Solana a “centralized mess” is fair if you ignore its actual adoption—real users, real DeFi, real NFT volume. None of the points you bring up dispute that its a centralized mess. They have zero impact on its decentralization metric at all. And thats ok! Because decentralization isnt a metric that guarantees success. Just like TPS doesnt. Hell - even security doesnt seeing how many hacks happen on Ethereum...

srodland01

Fair point, but I think you’re oversimplifying. Calling Solana a “centralized mess” is fair if you ignore its actual adoption—real users, real DeFi, real NFT volume. Whether you like it or not, it’s delivering what a lot of others aren’t, and that is success, centralized or not. As for Sui, “hype coin” or not, it’s building momentum and attracting devs. That’s how ecosystems grow. My point wasn’t that TPS alone equals market cap. It’s that scalability is a necessary foundation—not the whole picture, but a key piece. Qubic showing that kind of performance on mainnet, with instant finality and CertiK verification, isn’t something you just brush off. It opens doors. If devs can build fast, cost-free apps with actual compute power under the hood, that changes what’s possible. Metrics aren’t everything, sure—but ignoring them entirely because they don’t align with current narratives is just as flawed. Tech leads adoption eventually, even if the market is slow to catch up at first.

JeopardyQBot

> President Trump may not be able to attend the $TRUMP Gala Dinner, and the $TRUMP Gala Dinner may be cancelled for any reason (including, but not limited to, a force majeure event). In the event President Trump is unable to attend the $TRUMP Gala Dinner, or if the $TRUMP Gala Dinner does take place, then in our sole discretion, the $TRUMP Gala Dinner may be rescheduled to another date, or $TRUMP Meme holders who are qualified for the Gala Dinner and/or reception will receive a limited edition TRUMP NFT in lieu thereof. i paid for the trump gala dinner and all i got was this lousy nft

Puzzleheaded-Work903

not 100mil, there were some old stories from 1000 to 800k, on stocks tho. I think NFT scam stuff won't be made as a YouTube documentary, unless you face jail time

Fit-You1574

$KNDX. Imagine they are building uniswap of 3D assets, or Opensea of 3D dymanic NFT, powered by NVIDIA GDN (same as NVIDIA cloud gaming service GFORCE NOW, $KNDX is the only crypto project who has regular meeting with NVIDIA and got a ticket to patch into GDN service). If you think 3D assets or Even AI assets monetization is the future, you must check $KNDX and decide for yourself.

uncapchad

hahaha is the only way to make money in crypto to add trademarks to "last chance to ...." statements? You might want to copyright it too, make it an NFT

vattenj

That is true, ICO and NFT mostly used by money laundering and rug-pulls, but still the infrastructure and capability is being built, and it is still leading. It just takes time to get people into it. The visibility is bad Railgun for example is a useful application I use often. Keeps my privacy and no one can trace my coin without my permission

vattenj

Good question. As a large OTC dealer, I can see that about 1-2 out of 100 people buying ETH, rest of them BTC. The original plan is BTC - digital gold vs ETH - digital petroleum. However this petrochemical business is so complex that normal people still can not see why should they care ETH enabled majority of ICO and NFT activities during early years, however most of those projects were used to launder money or rug-pull, so they disappear after a while under more strict regulation. And since the technology can be replicated, it faces much larger competition than bitcoin Still, it provides much faster confirmation than bitcoin, you can stake it instead of mining, and exchange to any other coins on DEX without registration. I personally only use ETH right now, due to its faster confirmation and privacy tool Railgun

DrSpeckles

Could this be summarised as “NFT investors are idiots “?

itdoesntmatter51

As opposed to what, Cardano that was #3 in mid 2021 without even having smart contract capability? Or xrp, who's founders gave their foundation 80% of the supply and now have a mere 55%? \> Crypto is supposed to be bulletproof, not “oops, we’ll reboot it.” No, not really, decentralized networks DO have growing pains, especially if you want to do something more ambitious than some eth fork that tweaks a few settings in order to be faster at the cost of decentralization. Solana is just that - they were ambitious enough to change the VM, implement localized fees so that you can have a hype NFT mint that people are paying infinite for and a cheap defi transaction go through in the same block, introduce another language that is more realistic for safety/performance + attracting devs, and due to this ground-up engineering task, the network has had some growing pains. So investors are willing to bet on it over most other chains, and bet that the outages will be engineered out of existence. It's not that crazy, especially given that the rate of outages has gone down and the chain has handled more volume than literally any other smart contract chain while staying up and keeping fees cheap. The UX is also way nicer than anything on eth/cardano/xrp, and it captured retail minds - all my normie friends who have done anything in crypto the last 2 years have done it on Solana. All positives adding to the investment equation. People here love to talk about Cardano, Algo etc and cite their uptimes, but they have NO IDEA what those chains would do if they had to deal with 1 straight month of the type of volume Solana was getting during peak meme season. Solana is just genuinely one of the top tech plays in this space, sure the downtime is a risk, but it's all part of the equation

coinfeeds-bot

tldr; Zora, previously an artsy NFT platform, is gaining attention for its new 'content coins' on Base, Coinbase's Ethereum L2. These tokens combine features of NFTs, pump.fun, and friend.tech, allowing creators to sell media symbolically while buyers receive fungible token shares tied to the content's attention. Creators earn transaction fee shares, but the speculative nature of the market poses risks. Zora offers a large canvas for creators and easy onboarding via Coinbase. Critics debate its ethics, but supporters see potential for web3 adoption. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The Solana NFT project Meatbags aims to purchase a Cold War-era nuclear bunker in Rutland, England, by selling 100,000 Billionaire Bunker Club NFTs at $14 each to raise $1.4 million. The bunker, spanning 1.4 acres, has planning permission to be converted into a luxury home. NFT holders will form a DAO to vote on the property's use, which could range from a tourist attraction to a functional bunker. If unsuccessful, funds will be refunded. The campaign begins Monday, with NFTs purchasable via Solana Pay or credit card. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Every_Hunt_160

Who is using Cardano ecosystem apart from the ADA community? Eth you got NFTs and Layer 2s Sol has tonnes of degen gamblers and shitcoiners These are people that use the ecosystem even without getting into Eth or Sol community ADA? Have you heard of the average crypto retail getting a Cardano NFT, or some other coin in its ecosystem? Not for me

strawboard

What nobody wants a proof of stake crypto currency with a ton of worthless contract/NFT/defi/token garbage attached to it?

vattenj

ETH lacks some simple narrative that can be easily understand by average Joe: Why should they care? Value store narrative does not work since BTC already took the crown, any other coin is just inflation Digital petroleum/world computer/smart contract etc. very abstract and difficult to understand for majority of people As a result, simiar to 1 out of 100 people buying bitcoin, 1 out of 100 people in crypto world buying ETH, its user base is extremely small. The only people who care are those seeking money laundering or wealth transfer scheme through ICO/NFT/DEX etc... And this round they shifted to Solana

shoddydig

The NFT’s got my heart racing. Love this group.