The Chopping Block: Which DeFi Metrics Are Still Useful in a Bear Market? - Ep. 550
Sep 30, 2023
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In a candid discussion, crypto insiders dive into the quiet landscape of U.S. conferences compared to vibrant events overseas. They analyze which DeFi metrics still hold water in a shifting market, pondering the value of token economics. The conversation shifts to the legal fallout of the Stoner Cats NFT saga, raising questions about securities. Mixed in are tips for NFT founders, emphasizing the importance of innovation and community to thrive in challenging times. Chart misinterpretations and evolving data representation in DeFi also take center stage.
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.