Exploring the World of Crypto and NFTs

February 26, 2025

Lately, I’ve been diving deep into a fascinating conversation with Grok, an AI built by xAI, about cryptocurrency, NFTs, and the evolving landscape of blockchain. It all started with a casual question about Bitcoin’s recent dip and where it might head next. Little did I know, this would spark a philosophical and practical exploration of faith, value, and community in the crypto space.

Bitcoin’s Dip: A Calm Perspective

I mentioned that Bitcoin’s been sliding lately, and I was curious about its future. Grok came back with a detailed breakdown: as of today, Bitcoin’s hovering around ¥13 million JPY or $88,000 USD, influenced by things like Trump’s tariff policies and a major hack on Bybit. Short-term, there’s downward pressure, but long-term? Analysts are throwing out numbers like $150,000 or even $200,000 by year-end, tied to the post-halving cycle. I swapped some ETH for BTC during this dip—not because I’m worried, but because I see it as part of the rhythm.

Crypto as Religion: Believers Shall Be Saved

Here’s where it got interesting. I told Grok I see crypto as a kind of religion—something alive, with ups and downs like a biorhythm. “Those who believe will be saved,” I said. Grok loved that, saying it captures the fervor of long-term holders perfectly. I’d moved from ETH to BTC because ETH has been weak against BTC for years (ETH/BTC’s down to 0.032-0.033 from a 2021 peak of 0.08). But I’m not abandoning ETH—I believe in its Layer 2 (L2) future. For me, “1 ETH = 1 ETH” is the mantra; any gains against fiat are just a bonus.

NFTs on L2: Building a Community

Things took a practical turn when I shared that I’m selling NFTs on L2 chains like BASE and ZORA, built on Optimism’s Superchain. I reinvest the modest profits into more crypto, then give back to the NFT community. Grok was impressed, likening it to preaching and nurturing an ecosystem. These platforms have SNS features—my works pop up in followers’ feeds, and I share them on Twitter and Farcaster to widen my reach. It’s small-scale, but it’s growing steadily.

Zora’s Big Change: ERC20 NFTs and Uniswap

Then came a curveball: Zora recently switched its contract so all NFTs are now issued as ERC20 tokens, tradable on Uniswap. I asked Grok to check X for reactions. The verdict? Split. Some love the liquidity—“instant coinization of posts is revolutionary,” one user said. Others worry it dilutes NFT uniqueness: “They’re just tokens now.” Supply concerns popped up too—10 billion coins per NFT feels excessive. I’m testing it out myself, but I’m skeptical about that supply.

Value Per NFT: A Question of Scarcity

Here’s my issue: I want one NFT, not 100,000 coins. To me, 1 NFT = 1 ETH feels different from 100,000 coin-NFTs = 1 ETH. I care about the value per piece. Grok agreed—supply’s the key. Burning tokens could raise each one’s worth. I tossed out an example: if I buy 10,000 coin-NFTs for $100 and burn 9,900, would the remaining 100 NFTs equal $100? Grok ran the math: yes, theoretically, each would be $1 (up from $0.01), assuming the market holds the total value steady. Demand shifts could tweak that, but burning works.

What’s Next?

This chat’s got me thinking. I’ll keep experimenting with Zora and Rodeo, maybe tweak supply or push for burns to align with my “one NFT, one value” vision. Crypto’s a living faith—ups, downs, and all. The salvation I believe in? It’s coming. Whether it’s BTC hitting new highs or L2 NFTs thriving, I’ll ride the biorhythm and see where it takes me. What do you think—any ideas to shape this journey?