Why Are NFTs the One Bright Spot in the Crypto Markets? – Ep.309

Avid NFT collector Aftab Hossain (aka @iamDCinvestor on Crypto Twitter) discusses why OpenSea and NFT volumes are popping to start 2022, how LooksRare’s vampire attack is a good thing for the NFT market, and how royalties affect a project’s trading potential. Show topics:

• why Aftab thinks NFT floor prices are rising and what role NFT “flippers” have to do with his theory
• whether the NFT industry could continue growing even if fungible crypto assets enter a bear market
• how the LooksRare vampire attack on OpenSea works
• why people are wash trading NFTs on LooksRare
• why Aftab would choose to list NFTs on LooksRare over OpenSea
• whether LooksRare’s vampire attack will force OpenSea to decentralize and/or tokenize
• what sort of NFT projects should have royalties… and which projects shouldn’t 

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Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 

Episode Links

Aftab Hossain

• Twitter: https://twitter.com/iamDCinvestor

LooksRare

• LooksRare vampire attack + wash trading: 
• • https://decrypt.co/90317/ethereum-nft-market-looksrare-wash-trading
  • https://www.coindesk.com/tech/2022/01/11/one-day-after-launch-opensea-competitor-looksrare-sells-over-100m-in-nfts/ 
• LooksRare: https://twitter.com/LooksRareNFT 
• LooksRare vs OpenSea data: https://dune.xyz/hildobby/LooksRare-VS-OpenSea

Background Links

• NFT volume to start the year: https://cryptopotato.com/opensea-records-over-2-billion-in-trading-volume-early-in-2022/ 
• OpenSea metrics: https://dune.xyz/rchen8/opensea 
• Fred Ehrsam tweet: https://twitter.com/FEhrsam/status/1370414944265572353

• The Chopping Block: https://unchainedpodcast.com/the-chopping-block-why-the-crypto-markets-have-been-down-this-week/ 
• Nas NFTs: 
• • ​https://decrypt.co/89881/rap-legend-nas-sells-2-songs-as-nfts-on-dj-3laus-royal-platform 
  • https://www.theblockcrypto.com/linked/130123/3lau-backed-platform-royal-crashes-during-first-music-nft-drop-mint-delayed 
• OpenSea IPO rumors: https://decrypt.co/87701/opensea-ipo-criticism-crypto-ethereum-token 
• SushiSwap vampire attack: https://www.theblockcrypto.com/post/76419/uniswap-fork-sushiswap-700-million-total-value-locked

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• Source: https://unchainedpodcast.com/why-are-nfts-the-one-bright-spot-in-the-crypto-markets/