xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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Coinbase wants to build its own NFT marketplace. Unlike OpenSea open to everyone, the Coinbase NFT marketplace may be a selective artist and curated place for users to purchase curated NFTs.
TL;DR
Coinbase is likely to have its own NFT marketplace that is centralized and curated on its own. The future of the NFT marketplace will evolve between regulated NFTs and open-source NFTs.
Here is a 1 min summary of the article if you want to skip the reading.
When Crypto Centralized
Coinbase is a centralized crypto banking service. Although they portrayed themselves as a financial service provider or shadow bank, they use cryptocurrency to leverage their investment assets and charged customers with trading fees that were similar to the banking systems.
NFTs Bank
Although there are no details on how Coinbase will roll out their NFT plans, they partner with traditional financial services like credit card company Mastercard which may leak some indications on their NFT roadmap. They want to become a bank with NFTs that people will have investment portfolios linked into the service. It may become an ETF alike financial product that
Why Choose Credit Card Companies
Credit card companies will have the resources to integrate their investments into NFTs. brandings, advertisements, and many other opportunities that credit card companies had would help Coinbase NFT marketplace easily take off.
Market Domination
Coinbase partners with Mastercard can easily dominate the NFT marketplace. Both companies have massive resources to acquire high-value NFTs and reach out to their existing users.
Rug Pull Prevention
One of the common concerns is NFTs project like to rug pull people. Coinbase may raise a high bar to allow certain creators to place their designs in their marketplace to prevent potential rug pull from users.
In Conclusion
A centralized NFT marketplace will likely compete with an open-source NFT marketplace. We will see how each platform plays out in the future.
Coinbase wants to build its own NFT marketplace. Unlike OpenSea open to everyone, the Coinbase NFT marketplace may be a selective artist and curated place for users to purchase curated NFTs.
TL;DR
Coinbase is likely to have its own NFT marketplace that is centralized and curated on its own. The future of the NFT marketplace will evolve between regulated NFTs and open-source NFTs.
Here is a 1 min summary of the article if you want to skip the reading.
When Crypto Centralized
Coinbase is a centralized crypto banking service. Although they portrayed themselves as a financial service provider or shadow bank, they use cryptocurrency to leverage their investment assets and charged customers with trading fees that were similar to the banking systems.
NFTs Bank
Although there are no details on how Coinbase will roll out their NFT plans, they partner with traditional financial services like credit card company Mastercard which may leak some indications on their NFT roadmap. They want to become a bank with NFTs that people will have investment portfolios linked into the service. It may become an ETF alike financial product that
Why Choose Credit Card Companies
Credit card companies will have the resources to integrate their investments into NFTs. brandings, advertisements, and many other opportunities that credit card companies had would help Coinbase NFT marketplace easily take off.
Market Domination
Coinbase partners with Mastercard can easily dominate the NFT marketplace. Both companies have massive resources to acquire high-value NFTs and reach out to their existing users.
Rug Pull Prevention
One of the common concerns is NFTs project like to rug pull people. Coinbase may raise a high bar to allow certain creators to place their designs in their marketplace to prevent potential rug pull from users.
In Conclusion
A centralized NFT marketplace will likely compete with an open-source NFT marketplace. We will see how each platform plays out in the future.
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