DTK
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DTK
@DTKcrypto
0xdtk.eth @HiveAlpha founder @MomentumNFT_ staff
We launched our Operator Filter so creators could restrict secondary sales to web3 marketplaces that enforce creator fees. But we relied on opt-in by the entire ecosystem, which didn't happen. So we’re making a few changes to our approach to creator fees. 🧵⬇️
FOR THE CULTURE
NFT Marketplaces are the ones tanking the NFT market I'm fully convinced @xerocooleth is right Here's why The marketplace wars are not fought over volume They're fought over having the lowest floor Whoever controls the floor controls the market & future volume This means marketplaces MUST incentivize users to lower the floor to win Blur is spending tens of millions of $$ in airdrop incentives to do so Spending tens of millions to tank the NFT market to control the floor This is directly eating into your bags Every $$ they spend lowers the NFT market proportionally First it was getting rid of creator royalties They're playing a game of chicken and creating a race to the bottom Betting they can segway this into dominance during the next bull run Here's the problem - It's a game of musical chairs - Whoever launches a token last may replicate this & win - It's only sustainable if they hit the timing EXACTLY right - May fail anyway as incentives are exploited by small # of whales from farming - It's anti-competitive & could wipe out healthy/good faith competition - They might wipe themselves out in the process Remember, when Web3 gaming hits, game publishers w/ hundreds of millions of users will make their own marketplaces They will enforce royalties and block Blur, bc they have more leverage The Good News👍 These incentives can't last forever, the market will fix it eventually Collection owners can block Blur and other marketplaces that use floor incentives We have seen in Ordinals that the marketplace collections ally with make a big difference where their communities go Until then, with tens of millions spent to lower floors, your bags will suffer (You know what I'm about to say) Bitcoin Ordinals may be a safe haven There are no smart contracts on Bitcoin L1 to do this efficiently Honestly, part of me admires the ruthlessness of Blur But I don't support it, it's bad for the space There are healthier middle grounds Stay informed & spread the word 👇
@punk6529 Both max fee and prio have to be 10% higher than the tx being replaced
Fking unpopular take: Sorry to say Azuki OG, you played yourself and the Community out, not the Azuki team. Elementals are supposed to be the better and upgraded collections to your OGs. The team dropped one Elemental per OG you owns for Free. 🧵👇 1/6
