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Arbitrum is home to many DeFi primitives. Now that prices are low, huge opportunities await those that pay attention. Let's take a look at the latest Arbitrum ecosystem innovations & news🧵👇

People often ask me what I think about NFTs. After a while, the same 3 questions keep coming up. 1️⃣ NFTs are in a real bear market. Are NFTs dead? There are two main groups of people in NFTs today: Traders & Builders From a trader's perspective, NFTs are pretty much dead. When prices just keep going down, there is no opportunity to make money and traders leave. But they will be back when prices start moving again, I can guarantee you. From a builder’s perspective: If you’re immersed in the space, talking to startups and founders every day, you cannot help but be excited about the future of NFTs as a technology tool. I count myself in this camp. 2️⃣ Are there examples to show that people actually want to use NFTs? I believe that almost everything will have some form of NFT representation — well, at least everything digital. NFTs are essentially the property rights layer for the internet. Luxury brands like Louis Vuitton, and huge consumer brands like Nike and Starbucks are already doing something substantial with NFTs. For example, Nike is using NFTs as a new tool for building a brand among digitally native younger audiences and engaging with them. Today, social media is oversaturated. These brands are paying attention to Web3 because it’s a green field opportunity to reach a new, digitally native audience that is set to become a crucial market segment in the coming decades. 3️⃣ What's the next inflection point for the NFT space? How do we get there? IMO, we need to onboard the next 1 million creators to get the next 1 billion users into web3/NFTs. This includes artists, entrepreneurs, musicians, influencers, and more. Let's make it easier for them to express their creativity using Web3. (I'll talk more about how we can get the next 1M creators later)