Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG.
Market commentary
Good Morning!
The speed of the crypto/NFT/digital asset space is moving too fast for me...
Experimenting with NFTs
This Sunday, I tried getting into the Wilder World project. I had had them on my radar for a while (it all started with wheels and kicks), and a few days ago, they started their launch of cribs (however, this is not live yet). Here's an example of some wheels:
I actually liked the idea of "designing" my own NFT (in this case, my Wilder Wheels). The project interested me not because of price speculation, but because I could create a digital object, which could potentially be useful at a later stage of the project. But, as mentioned earlier, I am too slow for this ecosystem, and I was unable to follow through with my Sunday plan. Apparently, the first minting batch is already done (and there are none left), so I will need to wait for the next one.
The Metaverse
I am still trying to wrap my head around the "Metaverse" in terms of what could have value in the longer term and which projects are the first glimpse into my kids' and grandkids' futures. What will they be doing with all of this in 10-20 years? One thing is clear to me: non-fungible tokens (NFTs) are here to stay. And I am not just talking about simple images (profile pictures), but digital objects that may or may not have a specific use case in a not yet fully developed Metaverse. Having said that, maybe I should not just be looking at the projects that create NFTs, but also at the infrastructure providers that make the Metaverse possible...
Virgil Abloh was a pioneer in music, art, and fashion. Most people don't know he was also ahead of the curve on Web3.
Shared with permission from his team, here is an early iteration of a DAO he envisioned.https://t.co/nb0hSmnAi9
— Fred Ehrsam (@FEhrsam) November 29, 2021
Virgil Abloh was an artist and designer who truly understood how to bring power back to the artist. Unfortunately, he died yesterday at the age of 41.
Have a good Monday!
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