Bankless NFT Mania! | Andy8052 & DeeZe (SotN)
Aug 25, 2021
In this engaging discussion, DeeZe, a community manager at Fractional and NFT maximalist, joins Andy, a CryptoPunk aficionado, to unravel the NFT boom. They debate if this surge is mere speculation or the birth of vibrant communities. The duo explores how culture can embody value, differentiates NFTs from DeFi tokens, and dives into the psychological allure of ownership. They highlight the evolution of the market, discuss generative art on platforms like Artblocks, and question the sustainability of the current frenzy. Expect insights into project vetting and the next big trends!
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Deez's First Punk
- Deez bought his first CryptoPunk for $1250 based on the limited supply.
- He believed they would become valuable like rare items in RuneScape.
NFT Fundamentals
- NFT fundamentals are more about cultural relevance and community than traditional metrics.
- Evaluate an NFT's potential future relevance and community strength.
NFT Bubble
- NFTs are currently in a bubble, but the high-end market behaves differently.
- Many high-end NFT buyers prioritize ownership over speculation, creating a price floor.