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...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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OpenSea was sailing the high seas of the tech industry, riding the waves of a booming market just a few years ago.
They were literally miniting cash from all the trades happening on their platform.
When NFTs were the hottest things in town, everyone wanted one.
And they used OpenSea fervently.
OpenSea, once the Goliath of the NFT world with a staggering $13.3 billion valuation.
But now, it’s more like a ship trying to find its bearings after a storm.
The NFT titan is open to the idea of acquisitions — perhaps even its own.
The NFT market, a digital El Dorado just a couple of years ago, has hit a rough patch.
It’s like watching a star athlete suddenly lose their mojo.
OpenSea’s trading volume has plunged a dizzying 96% from its peak in January 2022.
This is largely thanks to the FTX saga, BTC’s dizzying drop in valuation, crypto winter and all the irritating scams going around plaguing users.
The new kid on the block, Blur, has come out of nowhere, capturing almost 80% of NFT trading volume, while OpenSea’s share has shrunk to a mere 17%.
It’s like David and Goliath, only this time, Blur has a digital slingshot and they are using it.
CEO Devin Finzer is playing the long game, focusing on user experience rather than obsessing over trading volumes.
It’s a bit like a chef focusing on perfecting their signature dish in a world of fast food.
Not sure why he is saying that volume isn’t everything, it kinda does.
Just ask Blur, who dominates in trading volumes.
Of ocurse, we have to take into account wash trading and the likes.
Founded in 2017, OpenSea quickly became the darling of the NFT space, attracting heavy-hitters like Andreessen Horowitz and celebrities like Kevin Durant.
But let’s talk about Blur.
This NFT marketplace is like the new cool kid, giving buyers the chance to ignore NFT creators’ royalty requests and introducing wholesale mechanics to the buying and selling process.
But Blur did something else — it introduced a token, a kind of digital carrot that keeps traders hooked.
It’s like adding a sprinkle of gamification to the game of NFT trading.
Now, the big question is: what’s next for OpenSea?
With its valuation taking a nosedive and the NFT market at a two-year low, the once-dominant platform is at a crossroads.
It’s like standing at the edge of a cliff, deciding whether to jump and hope for wings to sprout.
What will they do?
Do they force a head-on competition with Blur?
Do they re-focus on other aspects of the NFT game?
OpenSea’s journey is a microcosm of the volatile world of NFTs — a world where fortunes are made and lost in the blink of an eye.
My gut says that unless NFTs are back in season again, the entire market will stagnate.
Marketplaces are only as useful as the market they deal in.
So someone out there has to figure out the next exciting thing with NFTs and get people interested again.
It is just fascinating to see how the mighty can fall so quickly in just a few short years.
Adapt or die, that rule never changes.
-
Do you think OpenSea will thrive again?
-
#OpenSea #NFTMarket #TechTides #BlurRises #DigitalDavidAndGoliath #NFTValuation #TechInnovation #MarketShift #CryptoChallenges #NFTAdaptability #DigitalTrading #TechGiants #StartupStruggle #DigitalArtMarket #TechEcosystem #NFTCompetition #TechIndustryTrends #AdaptOrSink
OpenSea was sailing the high seas of the tech industry, riding the waves of a booming market just a few years ago.
They were literally miniting cash from all the trades happening on their platform.
When NFTs were the hottest things in town, everyone wanted one.
And they used OpenSea fervently.
OpenSea, once the Goliath of the NFT world with a staggering $13.3 billion valuation.
But now, it’s more like a ship trying to find its bearings after a storm.
The NFT titan is open to the idea of acquisitions — perhaps even its own.
The NFT market, a digital El Dorado just a couple of years ago, has hit a rough patch.
It’s like watching a star athlete suddenly lose their mojo.
OpenSea’s trading volume has plunged a dizzying 96% from its peak in January 2022.
This is largely thanks to the FTX saga, BTC’s dizzying drop in valuation, crypto winter and all the irritating scams going around plaguing users.
The new kid on the block, Blur, has come out of nowhere, capturing almost 80% of NFT trading volume, while OpenSea’s share has shrunk to a mere 17%.
It’s like David and Goliath, only this time, Blur has a digital slingshot and they are using it.
CEO Devin Finzer is playing the long game, focusing on user experience rather than obsessing over trading volumes.
It’s a bit like a chef focusing on perfecting their signature dish in a world of fast food.
Not sure why he is saying that volume isn’t everything, it kinda does.
Just ask Blur, who dominates in trading volumes.
Of ocurse, we have to take into account wash trading and the likes.
Founded in 2017, OpenSea quickly became the darling of the NFT space, attracting heavy-hitters like Andreessen Horowitz and celebrities like Kevin Durant.
But let’s talk about Blur.
This NFT marketplace is like the new cool kid, giving buyers the chance to ignore NFT creators’ royalty requests and introducing wholesale mechanics to the buying and selling process.
But Blur did something else — it introduced a token, a kind of digital carrot that keeps traders hooked.
It’s like adding a sprinkle of gamification to the game of NFT trading.
Now, the big question is: what’s next for OpenSea?
With its valuation taking a nosedive and the NFT market at a two-year low, the once-dominant platform is at a crossroads.
It’s like standing at the edge of a cliff, deciding whether to jump and hope for wings to sprout.
What will they do?
Do they force a head-on competition with Blur?
Do they re-focus on other aspects of the NFT game?
OpenSea’s journey is a microcosm of the volatile world of NFTs — a world where fortunes are made and lost in the blink of an eye.
My gut says that unless NFTs are back in season again, the entire market will stagnate.
Marketplaces are only as useful as the market they deal in.
So someone out there has to figure out the next exciting thing with NFTs and get people interested again.
It is just fascinating to see how the mighty can fall so quickly in just a few short years.
Adapt or die, that rule never changes.
-
Do you think OpenSea will thrive again?
-
#OpenSea #NFTMarket #TechTides #BlurRises #DigitalDavidAndGoliath #NFTValuation #TechInnovation #MarketShift #CryptoChallenges #NFTAdaptability #DigitalTrading #TechGiants #StartupStruggle #DigitalArtMarket #TechEcosystem #NFTCompetition #TechIndustryTrends #AdaptOrSink
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