web3 with a16z crypto cover image

State of Crypto: Trends, Data, More

web3 with a16z crypto

CHAPTER

Open Additions: A Cool Way to Bring More People Into the Space

Open additions is a way to create mints that often end up being a little cheaper, a little more in the moment and related directly to current effort by a creator. If transaction fees are really high, you're not going to be able to do much with very low price NFTs or things that experiment with all kinds of new features on chain. That requires very low transaction fees, which requires scaling, which we're seeing in L2s. And so it's a cool way to bring more people into the space and drive those organic use cases as opposed to speculative ones.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner