Building bridges to the internet of ownership, experience & the passion economy
Metaversive.ethMetaversive #45
IndexSony silently integrating NFTsAlo yoga doing web3 rightPhotography dedicated NFT marketplaceThe key for web3 adoptionCrypto and psychological ownershipOn-chain Autonomous worldsRevisiting VRSociete Generale launch EUR CoinVertible stablecoinNewsletter** Brands doing Web3**Sony silently integrating NFTs https://www.coindesk.com/web3/2023/03/21/sony-files-patent-for-nfts-to-allow-transfers-between-games-and-consoles/ Alo yoga doing web3 right https://finance.yahoo.com/news/alo-yoga-retail-...
Metaversive.ethMetaversive #50FIVE
IndexClimbing out the rabbit holePay to IPDigital gold is backCreating incorruptible systems with blockchainVerifying content originPicture provenanceClimbing out the rabbit hole https://docs.google.com/document/d/1vzvy3qEQuP4tZMIaxejWy0WR4PXVdf0WQN3hDkJ-0KQ/edit Pay to IP https://twitter.com/raw_avocado/status/1743332141172199502 Creating incorruptible systems with blockchain https://medium.com/humanizing-the-singularity/be-realistic-demand-the-incorruptible-fa15d6401b0e Verifying content or...
Metaversive.ethMetaversive #50SIX
IndexBitcoin ETF, but no God Candle?Fake vs real bitcoinUsing Bitcoin to serve a defendantScaling blockchains? its all about trade-offsHow to do a good token airdrop? wise words from UNISWAP foundersThe Only Safe Way to Store CryptoThe problem with CBDCsHeadless marketplacesBITCOIN ETF, but no God Candle?https://twitter.com/jameslavish/status/1746950978174370156Scaling blockchains? its all about trade-offshttps://twitter.com/castle__cap/status/1746961885541380566How to do a good token airdrop...
Metaversive.ethMetaversive #45
IndexSony silently integrating NFTsAlo yoga doing web3 rightPhotography dedicated NFT marketplaceThe key for web3 adoptionCrypto and psychological ownershipOn-chain Autonomous worldsRevisiting VRSociete Generale launch EUR CoinVertible stablecoinNewsletter** Brands doing Web3**Sony silently integrating NFTs https://www.coindesk.com/web3/2023/03/21/sony-files-patent-for-nfts-to-allow-transfers-between-games-and-consoles/ Alo yoga doing web3 right https://finance.yahoo.com/news/alo-yoga-retail-...
Metaversive.ethMetaversive #50FIVE
IndexClimbing out the rabbit holePay to IPDigital gold is backCreating incorruptible systems with blockchainVerifying content originPicture provenanceClimbing out the rabbit hole https://docs.google.com/document/d/1vzvy3qEQuP4tZMIaxejWy0WR4PXVdf0WQN3hDkJ-0KQ/edit Pay to IP https://twitter.com/raw_avocado/status/1743332141172199502 Creating incorruptible systems with blockchain https://medium.com/humanizing-the-singularity/be-realistic-demand-the-incorruptible-fa15d6401b0e Verifying content or...
Metaversive.ethMetaversive #50SIX
IndexBitcoin ETF, but no God Candle?Fake vs real bitcoinUsing Bitcoin to serve a defendantScaling blockchains? its all about trade-offsHow to do a good token airdrop? wise words from UNISWAP foundersThe Only Safe Way to Store CryptoThe problem with CBDCsHeadless marketplacesBITCOIN ETF, but no God Candle?https://twitter.com/jameslavish/status/1746950978174370156Scaling blockchains? its all about trade-offshttps://twitter.com/castle__cap/status/1746961885541380566How to do a good token airdrop...
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Blog post experiment
Learning Hub
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Artist highlight
Most of us are familiar with OpenSea, the #1 NFT marketplace on the planet with about 55% market share. The platform allows people to discover, create, buy & sell NFTs. OpenSea charges 2.5% on every sale and willingly enforces NFT royalty payments automatically each time a NFT is traded. It is important to note that the marketplace is not obliged to enforce the royalty but all marketplaces have been honoring them. (so far)
Enter SudoSwap. The new kid on the block, disrupting the NFT space and changing the way people trade NFTs. What makes SudoSwap different is the fact that it is a permisionless AMM (automated market maker) protocol, allowing anyone to;
Trade an NFT in exchange for another NFT
Trade an NFT in exchange for a fungible token (ETH)
Batch buy or sell NFTs
OR be the NFT marketplace by creating a trading pair of a set of NFTs & fungible tokens & earn trading fees as the liquidity provider.
(Check out this 10 minute video for a breakdown of SudoSwap)
Now SudoSwap charges a 0.5% trading fee, but what it doesn’t do is enforce royalties which has caused quite a stir the past couple of weeks. What most people do not know is that royalty fees are not automatically enforced within the smart contract (the piece of code that was written to deploy the NFT). This video from Blockchain Gandalf is an excellent explainer AND if you’re into additional technical stuff, check this video for an explanation of the NFT royalty standard.
Sudo’s move caused shockwaves across the NFT space & outcry from artists & creators, but also surfaced voices of wisdom & advice on how creators can look for alternative funding & revenue models. One being the fact that NFT creators can hold on to a fraction of the maximum supply of the NFT collection, releasing them at later stages as community rewards or bug bounties. The creators of cryptopunks for instance did not instill a royalty fee however, they held on to about 1000 punks which turned out to be quite a lucrative strategy. A second option is for creators to harness SudoSwap AMM to their advantage and create their own pools & earn trading fees. A third and final option is for creators to approach this from a web2.0 stance & contemplate customer life cycles where simply, each NFT drop has an expiry date. Check out the concept in more detail 👇
https://finn.mirror.xyz/FJM-0JiQJIr-4xX43FvU8Ep17HCoY5B5jCnG3weJuco
Obviously there are countless other options out there for monetization & depending on the type of NFT in question, solutions & options vary.
We have barely scratched the surface on this hot topic, but it does make us all think more about the greater NFT & NFT-Finance space, creator royalties, incentive structures and the relationships between creators, collectors, traders & platforms. There is still so much room for innovation.
Check out this thorough breakdown of SudoSwap
https://twitter.com/corleonescrypto/status/1559206562685747202?s=21&t=8ZGx4Ck78FXXg0aN7ZS8BwSudoswap
or watch this video for a complete breakdown & a simple guide demonstrating the different ways you can use the platform.
Artist: XCOPY
Blog post experiment
Learning Hub
Job board
Web3 tools & resources
Artist highlight
Most of us are familiar with OpenSea, the #1 NFT marketplace on the planet with about 55% market share. The platform allows people to discover, create, buy & sell NFTs. OpenSea charges 2.5% on every sale and willingly enforces NFT royalty payments automatically each time a NFT is traded. It is important to note that the marketplace is not obliged to enforce the royalty but all marketplaces have been honoring them. (so far)
Enter SudoSwap. The new kid on the block, disrupting the NFT space and changing the way people trade NFTs. What makes SudoSwap different is the fact that it is a permisionless AMM (automated market maker) protocol, allowing anyone to;
Trade an NFT in exchange for another NFT
Trade an NFT in exchange for a fungible token (ETH)
Batch buy or sell NFTs
OR be the NFT marketplace by creating a trading pair of a set of NFTs & fungible tokens & earn trading fees as the liquidity provider.
(Check out this 10 minute video for a breakdown of SudoSwap)
Now SudoSwap charges a 0.5% trading fee, but what it doesn’t do is enforce royalties which has caused quite a stir the past couple of weeks. What most people do not know is that royalty fees are not automatically enforced within the smart contract (the piece of code that was written to deploy the NFT). This video from Blockchain Gandalf is an excellent explainer AND if you’re into additional technical stuff, check this video for an explanation of the NFT royalty standard.
Sudo’s move caused shockwaves across the NFT space & outcry from artists & creators, but also surfaced voices of wisdom & advice on how creators can look for alternative funding & revenue models. One being the fact that NFT creators can hold on to a fraction of the maximum supply of the NFT collection, releasing them at later stages as community rewards or bug bounties. The creators of cryptopunks for instance did not instill a royalty fee however, they held on to about 1000 punks which turned out to be quite a lucrative strategy. A second option is for creators to harness SudoSwap AMM to their advantage and create their own pools & earn trading fees. A third and final option is for creators to approach this from a web2.0 stance & contemplate customer life cycles where simply, each NFT drop has an expiry date. Check out the concept in more detail 👇
https://finn.mirror.xyz/FJM-0JiQJIr-4xX43FvU8Ep17HCoY5B5jCnG3weJuco
Obviously there are countless other options out there for monetization & depending on the type of NFT in question, solutions & options vary.
We have barely scratched the surface on this hot topic, but it does make us all think more about the greater NFT & NFT-Finance space, creator royalties, incentive structures and the relationships between creators, collectors, traders & platforms. There is still so much room for innovation.
Check out this thorough breakdown of SudoSwap
https://twitter.com/corleonescrypto/status/1559206562685747202?s=21&t=8ZGx4Ck78FXXg0aN7ZS8BwSudoswap
or watch this video for a complete breakdown & a simple guide demonstrating the different ways you can use the platform.
Artist: XCOPY
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