NFT Morning Show - Monday 3/27
The Daily Bone (Formerly The Nifty)
00:00
The Importance of Liquidity in the Art Market
When the liquidity the people who are trading actively the traders enter and you want to have liquidity the price is going to have to come down in order for those people to participate. Nick: I don't think that where you fall on whether or not they're a net positive for the ecosystem is debatable only because like you don't see the same thing happening in the traditional art market. He says there has been a lot of shall we say less than optimized Blur bid farming going on right now but he thinks it will change when more smarter individuals start to bid again.
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