The NFT marketplace landscape is heating up with Coinbase and FTX announcing NFT platforms and trading.
Centralized exchanges in general will have some key advantages and some disadvantages as they seek to become dominant NFT exchange venues.
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Competitive advantages for Coinbase / FTX offering NFTs: 1. Custody for normies 2. High-value NFT Custody – Coinbase stores assets, but people can still bid on your NFT 3. Brand & distribution/audience 4. Partnerships – obtain IP rights
Potential Disadvantages: 1. Regulation - many NFTs will resemble securities 2. Asset breadth & speed - Coinbase has to integrate a lot of assets and might take more time to add assets 3. Integrations – more permissionless marketplaces will likely integrate faster over time
Curation is understood to be valuable. It’s the art of providing signal amidst noise.
As platforms experiment with token models, curation serves varied uses depending on the type of network:
• Curation as a Service
• Curation as Advertising
• Curation as Exclusivity/TCRs
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Curation as a Service 👩💻
In a network like the Graph, curators are responsible for identifying the best subgraphs since there can be multiple subgraphs for one protocol.
Crypto can use staking or voting as a form of advertising to determine what appears at the top of a page, filtering a recommendation algorithm, or NFTs are displayed in marketplaces.
SupreRare Spaces (storefronts) will be interesting to watch.
For those who missed the news, Twitter plans to allow NFT owners to connect their Web3 wallets (e.g. MetaMask) to Twitter, in order to verify and showcase NFTs on Twitter
At #MessariMainnet2021 last week @RobinhoodApp Crypto COO Christine Brown & Robinhood Crypto CTO Johann Kerbrat announced Robinhood will be launch wallets that allow users to transfer crypto on and off the platform.
Robinhood also (unofficially) teased its crypto strategy👇🏻
First, let's set the stage. Why is Robinhood 10xing down on crypto?
In Q1 17% of Robinhood’s transaction-based revenue (TBR) was from crypto with 35% of that from Dogecoin.
In Q2, crypto accounted for 50% of TBR with 62% from Dogecoin.
Damned if you Doge, damned if you don't.
Robinhood only offers seven assets:
• Bitcoin
• BCH
• BSV
• ETH
• DOGE
• ETC
• LTC