Great questions, you're right I can't answer most! I've seen minting is less than $1 though, and there's a commitment for free, carbon-neutral minting and other transactions soon. I understand OpenSea the main competitor for "art" starts at $10. I have no idea why crypto has to be used - I'm...
So the GameStop NFT marketplace beta has launched this week - for what it's worth I'm on the fence about whether it's good (and it's apparently mostly just "art" at the moment though games are in testing) though I think the thinking behind it is solid. I've read some stuff that has seen this as...
Thank you, and yes indeed. Reading some of the stuff about the collapse of Archegos recently and it seems slightly insane how much gambling / circumventing can take place with people's money that just gets lost.
Hedge funds were mentioned because they are the ones that are struggling with retail taking shares out of circulation - basically direct registering is killing them. They say it themselves and say it's "reckless" for the economy. As I understand it. In order to close the illegal since 2008 naked...
Because it's not just derivatives driving the volume. Naked shorting still seems to happen even though it's supposedly illegal, and for retail investors there is confusion over title - as a "fun" experiment buy shares in brokers and see if you can get any tangible evidence they've actually...
Here's an example of the way that it's going just as you describe. https://blockworks.co/crypto-goes-after-wall-street-securitize-acquires-traditional-transfer-agent/
There are many who believe this will totally collapse hedge funds (and possibly the economy) because of the amount of shady...
There's possibly no benefit to replacing a digital loyalty point system with an NFT one, or at least not one that'll appeal to everyone but it'll appeal to enough people especially those who make money from it - as you say, there are a lot of people with a vested interest. (Personally, I think...
It's an oft repeated truism that the world's largest book seller has no bookshops, the world's largest marketplace has no inventory, the world's largest private transport company has no vehicles, the world's largest accommodation provider has no property it rents out. It's hard to see them all...
The first shift we'll see from NFTs is in gaming and back to ownership. At the moment we have a subscription model for almost everything digital: the games we download to our drives, the skins kids buy for their characters in Fortnite that only last for as long as the next upgrade, the albums we...
It's similar to when people think NFTs are just jpgs of cartoon monkeys. There's a whole world of uses on the horizon that will create a brand new model of business and economy in the same way Amazon and ebay did.
I follow some of the stuff around meme stocks, never quite sure how much is conspiracy theory and how much is reality but sharing this here which popped up in one of the forums yesterday in case it's of interest. Citadel are the main fund accused by the meme stock crowd of manipulating the...