Discover and read the best of Twitter Threads about #nonfungible
Most recents (2)
A $dag thread: 1/9
Truthfully, the innovations made by blockchain, #nonfungible #tokens and distributed ledger technology reach far beyond that of finance alone — but for the sake of brevity, I'll attempt to keep the topic on the financial aspects which stand to benefit from the
Truthfully, the innovations made by blockchain, #nonfungible #tokens and distributed ledger technology reach far beyond that of finance alone — but for the sake of brevity, I'll attempt to keep the topic on the financial aspects which stand to benefit from the
adoption of #dlt and #blockchain. One of the primary benefits that an intelligently built #cryptocurrency protocol can have is in its ability to transact without fees. Fees are everywhere in the fiat world 2/9
, including fees to keep money in the bank — meanwhile they’re using it! — and the ultimate fee of fiat, inflation! Compare that to a world-class token like $dag by @Conste11ation, which is used as the index token for an entire ecosystem with what is currently ~75 companies 3/9
The current #NFT rush is remarkably similar to the ICO bubble of 2017. Nowadays, instead of long-winded white-papers, colorful digital-art is on the pedestal. A thread (1/6) 👇
(2) Back then, early-adopters began to recognize that #Ethereum presents the necessary ingredients that can solve real and significant problems. Back then, and similar to now, early-adopters believed that the change can happen almost overnight—but that wasn't the case.
(3) Most of the promises that were made during 2017 never truly came to fruition. The capital injection into space, however, was essential. After the ICO bubble exploded, talented teams turned their heads down and focused on building a collection of novel financial primitives.
