Bankless ROLLUP: Eminem's Bored Ape | Why Crypto Prices Are Down | OpenSea Freezes Stolen NFTs
Jan 7, 2022
The podcast kicks off with a light-hearted look at the turbulent crypto market and the effects of Fed decisions. It dives into the recent drop in Bitcoin and Ethereum prices, while highlighting the surge of interest in NFTs, including controversies around stolen items on OpenSea. The hosts also unpack the complexities of NFT trading and explore emerging DeFi innovations. They touch upon the integration of NFTs into mainstream tech, regulatory challenges, and the contrasting growth of stablecoins versus digital currencies.
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Developer Incentives
- Developers are drawn to rising crypto prices, boosting the ecosystem's growth.
- However, during market downturns, existing developers tend to stay, indicating a long-term commitment.
Development Acceleration
- The "area under the curve" of developer growth is crucial, representing cumulative development effort.
- A larger developer base today means faster progress than in the past, even if recent additions haven't built much yet.
NFT Trading Pitfalls
- Most people shouldn't trade NFTs; the odds of profiting are slim.
- Focus on buying NFTs you genuinely appreciate rather than trying to get rich quick.