The Chopping Block: Which DeFi Metrics Are Still Useful in a Bear Market? - Ep. 550
Sep 30, 2023
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Crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner discuss the decline of U.S. crypto conferences, changing DeFi metrics, token economics, and legal issues surrounding NFTs. They also share advice for NFT founders on achieving success in a changing market.
Token economics are considered less useful now compared to two years ago.
Asia conferences had higher attendance than US conferences, with Token2049 in Asia having more people than ETHDenver.
Deep dives
Token economics and their limitations
Token economics can do way less than the industry has claimed. It is now considered a dirty word compared to two years ago.
Highlights from recent conferences
Asia conferences had higher attendance than US conferences. Token2049 in Asia had more people than ETHDenver.
The SEC settles with Stoner Cats
Stoner Cats NFT collection settled with the SEC, paying a civil penalty of $1 million and offering refunds to purchasers. The SEC considered Stoner Cats to be securities.
Issues and opportunities in the NFT market
NFT market is in a soul-searching phase. Primary sales and mints are still viable business models. Aggregation and playing with the line between airdrops and games could be explored for future success.
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the group sits down to discuss why U.S. crypto conferences are quieter than they have been in the past, which DeFi metrics are still useful for measuring a changing market, and advice for NFT founders on how to continue to innovate.