Unchained The Chopping Block: Why the Lack of a Fee Market Created 'Bread Lines' on Solana - Ep.313
Jan 26, 2022
Crypto experts dive into the recent turmoil in the digital asset realm. They dissect Twitter's foray into NFT profile pictures and the mixed reactions from the community. The team tackles Solana's struggles and the pressing need for a more dynamic fee structure. There's a deep analysis of MakerDAO's challenges during market downturns and the fluctuating value perceptions of NFTs. Insights on the resilience of the Cosmos ecosystem and the role of DeFi in navigating these choppy waters provide a compelling snapshot of the industry's current state.
AI Snips
Chapters
Transcript
Episode notes
Peer Pressure NFT
- Robert Leshner was peer-pressured into buying a Crypto Coven NFT.
- He bought the least attractive witch because he likes rotating Twitter avatars.
Twitter NFT Integration
- Twitter's integration of NFTs is significant, regardless of implementation quality. It signals a shift in direction for the platform under new leadership.
NFT Resilience
- NFTs performed surprisingly well during the recent market drawdown. They outperformed other crypto assets, likely due to psychological factors and perceived value.