The Chopping Block: Why the Azuki Elementals Drop Was a Big Flop – Ep. 512

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest crypto news. 

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights: 

• why the Azuki new NFT collection ‘Elementals’ caused such a controversy among holders
• why Robert bought an Elemental and what was he expecting
• who the Michael Milken of NFTs is, according to Tarun
• how BitGo ‘pulled a Binance’ on Prime Trust
• how Prime Trust, a crypto custodian, collapsed and was put into receivership
• whether what Prime Trust did can be considered fraud and how the situation highlights DeFi’s ‘long term advantage’
• why the majority of blockspace is EVM-compatible
• what the problems are with current Layer 2 rollups such as Optimism and Arbitrum
• why rollups are so ‘political’ in the Ethereum ecosystem
• what makes Arbitrum better than Optimism, according to Tarun
• what shared sequencers are and whether they will be the future in crypto
• Why Haseeb is not so bullish on the app-chain thesis

Hosts

• Haseeb Qureshi, managing partner at Dragonfly 
• Robert Leshner, founder of Compound
• Tom Schmidt, general partner at Dragonfly 
• Tarun Chitra, managing partner at Robot Ventures

Disclosures

Links

• Unchained:
• Polygon Cofounder Proposes Upgrading PoS Chain to zkEVM Validium
• The Block: 
• Azuki NFT collections ends Elemental mint with $37.5 million
• Fidelity preparing to submit spot bitcoin ETF filing: Source
• CoinDesk:
• Azuki NFT Prices Slide 44% After Creator Releases ‘Basically Identical’ Elementals
• Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
• Azuki’s thread on its situation

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• Source: https://unchainedcrypto.com/podcast-chopping-block/the-chopping-block-why-the-azuki-elementals-drop-was-a-big-flop/