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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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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