Bankless NFT Marketplace Wars | Panel
Jan 26, 2022
Join Eric Conner, co-founder of ethhub.io, Carly Reilly of Overpriced JPEGs, and DC Investor, an NFT aficionado, as they dive into the fiercely competitive world of NFT marketplaces. They discuss the rising threat of newcomers like LooksRare to established titan OpenSea. Insights on human behavior in trading JPEGs reveal the social dynamics at play. The panel also explores the integration of social media, challenges in preventing fraud, and the future of NFTs in a decentralized landscape—painting a vivid picture of this evolving ecosystem.
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Why Trade JPEGs?
- Humans trade JPEGs because they can speculate on anything, especially with Ethereum's accessible markets and instant price discovery.
- Art has always been collectible, and blockchain adds instant liquidity.
Digital Scarcity and Primal Instincts
- Digital scarcity is a novel concept, and NFTs are many people's first exposure to owning unique digital assets.
- This novelty, combined with primal collecting instincts, drives the NFT market.
Explore Curated Platforms
- Explore platforms like Foundation, SuperRare, and Zora, which focus on one-of-a-kind NFTs and curated artistic experiences.
- These platforms offer a different approach than the mass-market focus of OpenSea.