With #x2y2 reducing royalty to 0%, what shall we do to support the #NFT creators? Well, blacklisting a specific platform/exchange doesn't seems like a scalable solution, which could be easily overturned. Thus, developer of #Azuki introduced a purely centralized solution, it...
2/ It basically says: "force the #NFT to be listed on @opensea only, and forbid all other exchanges". What an irony! If this is what #Web3 looks like in the future, I would rather go and work in Burger King (as you can tell from my pfp).
3/ I have been a #Bitcoin Maxi for almost my entire career, not because it makes me richer, but because it's fair. I hate authorities that censor content, forbid free speech, or rank people based on their birth. But sadly I've seen more and more centralizations in #Web3 nowadays,
4/ What happened to decentralization? Why there's so many blacklists, whitelists, #NFT leaders, #KOL, acquisitions by Web2 giants, etc? I can't say for others, but am I still the cool guy that's building crypto projects in the garage, and trying to revolutionize the world?
5/ Forcing NFT to list ONLY on #Opensea, is like the rebellion getting bribery from the Emperor. you do that, your hands get dirty! For clarity, I love #Azuki, it's probably my favorite collection. I do not like
@Opensea
because of its countless rumors and insider trades.
6/ As much as I respect creators' and artists' royalty, I am strongly against the whitelisting proposal by @cygaar_dev. The correct solution is EIP-2981, solving the problem from smart contract level. I still believe #web3willwin, don't let me lose hope.

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More from @0xMichaelRan

Aug 26
#BAYC floor pump to 75Eth today. Is the liquidation risk on @BendDAO mitigated? Short answer: Yes, at least until Sep 6th.

Today, the most "risky" Ape is at 1.15 health factor, which is pretty healthy. The floor would have to dip below 70E for it to be liquidated.
However, with the new changes on @BendDAO, threshold would change to 80% on Sep 6th. What does it mean? My calculation as such:

On Sep 6th, if floor price of #BAYC stays strong at 75Eth, nothing will happen!

If floor drops to 73Eth, Ape #7819, #7473, #8435 and #9667 will be...
would be forced to sell. One of the Ape has a rare
Vietnam Era Helmet opensea.io/assets/ethereu… So mark your calendar, you might get a cheap deal!

Let's continue. If however, floor drops to 70Eth again. There's gonna be another series of #BAYC liquidation on Sep 6th.
Read 6 tweets
Aug 24
1/ When China talks about Metaverse, it's VR Glasses, it's Wearable hardware, and Virtual Gaming etc. But when US talks about Metaverse, it's decentralization, DID/privacy, and data sovereignty, transparency, and traceability. This discrepancy clearly shows the different path...
2/ different paths that US/China took in terms of #Web3. We must understand this macro-level trend, because this difference affects every Web3 entrepreneur. Here's my hold prediction of what the #Metaverse looks like in 10 years: China continues to be world factory, building...
3/ building a majority proportion of the infrastructures in the #Metaverse, of course, including hardware. For those who don't know, all the iPhones that you use today are manufactured in China by a company called Foxconn. Apple just labels the iPhone and makes all the money.
Read 5 tweets
Aug 23
1/ 关于 #BendDAO 清算,我们到底该不该恐慌?网上各种蹭流量的自媒体声音并不统一,所以我花了一点时间整理了我的想法。先说结论:最大的风险就是未来的24小时 #BAYC 能够挺过难关。过了明天,风险化解的一大半。之后的8月30日又会有新的危机。以下详述:
2/ 截止今天,#BendDAO 只接受7款蓝筹JPG的抵押借贷,分别是:#bayc#punk#mayc#doodles#spacedoodle#clonex 以及 #azuki。项目已经跑了4个月了。本以为,Azuki价格腰斩只是个例,没想到流动性枯竭,现在谁也跑不了。
3/ 如果NFT资不抵债,极有可能造成类似 #Luna/#UST 的连环清算。然而目前看来,BendDAO的运行依然是健康的。根据目前的清算规则,出价必须高于地板价的95%,以及必须足够偿还全部债务。平台发不承担资金风险。
Read 14 tweets

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