CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Haters gonna hate, Potatoes gonna potate, Rotis gonna rotate.
Critics are pointing out that the NFT hype is dead and buried.
RIP to NFTs and that was a fad that should never have gotten traction in the first place.
Good riddance.
Oh really?
Yuga Labs just created a new game called Dookey Dash, for all its NFT holders.
Oscar-winning actor Anthony Hopkins sold out his entire 1,000 NFT collection in 7 minutes.
Donald Trump sold out his 45,000 NFT collection in 2 days and made $4.5M.
Reddit onboarded 3.2M users into web3 and didn’t call it NFTs but Digital Collectibles instead.
Instagram jumped into NFTs with their minting and selling features.
Gentle reminder, they have 1.28 billion users.
Azuki, one of the top 10 NFTs, widely considered a blue-chip despite some controversies, raised $2.5M selling 8 golden skateboard NFTs.
Check this out: you can literally burn the NFTs at any time and redeem a physical, gorgeous-looking 24K gold-plated golden skateboard that weights 45 pound.
They do not recommend you go skateboarding with it at all.
But honestly, who would actually burn and redeem it?
That is why only 8 were produced as they were experimenting to see how far they can go with phygital goods.
Then someone just paid nearly a million bucks for a bored ape NFT in Nov 2022.
“The golden-fur Ethereum NFT sold for 800 ETH, or about $927,000, even as wider Bored Ape Yacht Club prices trend downward.”
Good golly, is that even real?
Who has that kind of moolah to spend in such a icy cold crypto winter?
“Bored Ape Yacht Club NFT #232 sold this morning for 800 ETH on the secondary market, or about $927,000. The tokenized profile picture (PFP) was sold by Deepak Thapliydal, CEO of Web3 cloud software startup Chain, and purchased by notable pseudonymous collector Keung.”
Well, is there a possibility that they were wash trading or faking a transaction?
I won’t deny the possibility, but then why even bother?
Thapliydal is a familiar name.
He once paid 8,000 ETH — or $23.7 million worth at the time, for a single CryptoPunk NFT.
Seriously, how much house money does he have?
So NFTs definitely have weakened considerably over the year, but not as much as you would think.
Trading volume was $25B in 2021.
It was $24.7B in 2022.
Shocking eh?
Not sure if that means NFTs are “dead”, but things will evolve and people will find creative ways to make money.
NFTs will survive and take on newer, crazier and more interesting form factors.
And with more and more large brands and web3 companies turning their attention to it, it will definitely evolve for betterment.
Don’t discount it just yet.
-
Are NFTs dead?
-
#startups #business #startupx #growth #success #socialmedia #culture #web3 #eth #btc #crypto #influencers #nft #nftmarket #anthonyhopkins #azukis #skateboards #instagram #nftdead #tradingvolume
Haters gonna hate, Potatoes gonna potate, Rotis gonna rotate.
Critics are pointing out that the NFT hype is dead and buried.
RIP to NFTs and that was a fad that should never have gotten traction in the first place.
Good riddance.
Oh really?
Yuga Labs just created a new game called Dookey Dash, for all its NFT holders.
Oscar-winning actor Anthony Hopkins sold out his entire 1,000 NFT collection in 7 minutes.
Donald Trump sold out his 45,000 NFT collection in 2 days and made $4.5M.
Reddit onboarded 3.2M users into web3 and didn’t call it NFTs but Digital Collectibles instead.
Instagram jumped into NFTs with their minting and selling features.
Gentle reminder, they have 1.28 billion users.
Azuki, one of the top 10 NFTs, widely considered a blue-chip despite some controversies, raised $2.5M selling 8 golden skateboard NFTs.
Check this out: you can literally burn the NFTs at any time and redeem a physical, gorgeous-looking 24K gold-plated golden skateboard that weights 45 pound.
They do not recommend you go skateboarding with it at all.
But honestly, who would actually burn and redeem it?
That is why only 8 were produced as they were experimenting to see how far they can go with phygital goods.
Then someone just paid nearly a million bucks for a bored ape NFT in Nov 2022.
“The golden-fur Ethereum NFT sold for 800 ETH, or about $927,000, even as wider Bored Ape Yacht Club prices trend downward.”
Good golly, is that even real?
Who has that kind of moolah to spend in such a icy cold crypto winter?
“Bored Ape Yacht Club NFT #232 sold this morning for 800 ETH on the secondary market, or about $927,000. The tokenized profile picture (PFP) was sold by Deepak Thapliydal, CEO of Web3 cloud software startup Chain, and purchased by notable pseudonymous collector Keung.”
Well, is there a possibility that they were wash trading or faking a transaction?
I won’t deny the possibility, but then why even bother?
Thapliydal is a familiar name.
He once paid 8,000 ETH — or $23.7 million worth at the time, for a single CryptoPunk NFT.
Seriously, how much house money does he have?
So NFTs definitely have weakened considerably over the year, but not as much as you would think.
Trading volume was $25B in 2021.
It was $24.7B in 2022.
Shocking eh?
Not sure if that means NFTs are “dead”, but things will evolve and people will find creative ways to make money.
NFTs will survive and take on newer, crazier and more interesting form factors.
And with more and more large brands and web3 companies turning their attention to it, it will definitely evolve for betterment.
Don’t discount it just yet.
-
Are NFTs dead?
-
#startups #business #startupx #growth #success #socialmedia #culture #web3 #eth #btc #crypto #influencers #nft #nftmarket #anthonyhopkins #azukis #skateboards #instagram #nftdead #tradingvolume
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