Bankless ROLLUP: Wormhole Hack | Wonderland Follow Up | Justin Bieber Bored Ape | Gamestop X Immutable
Feb 4, 2022
This discussion dives into the chaos of the Wormhole network hack and the implications for DeFi security. It highlights the exciting NFT partnership between GameStop and Immutable, amidst rising celebrity interest, including Justin Bieber's involvement. The podcast also covers Ethereum's evolving landscape and the impacts of recent developments, while examining the shift in stablecoin dominance. Finally, it tackles India's tough crypto taxation and acknowledges NFTs as modern cultural assets, reflecting on their significance in digital identity.
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NFTs Drive Ethereum Burn
- NFTs are the biggest product market fit for Ethereum block space, driving 47% of the burn.
- This highlights NFTs' importance in the Ethereum ecosystem and its future.
Ethereum's Fee Dominance
- Ethereum's block space sales significantly outpace Bitcoin's, with Bitcoin at only 1% of ETH's fees.
- This demonstrates Ethereum's greater network usage and demand.
Use DCF for ETH Valuation
- Use discounted cash flow (DCF) models to evaluate Ether's value, considering its cash flow generation.
- Send the model to your "tie-wearing friends" to explain ETH's potential.