RE: Time Ticking On OpenSea And NFT Marketplaces
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Fully agree with these points and it's going to get hammered by the SEC. There's a lot of sketch NFT projects that care nothing other than profits. But don't get me wrong there's also very legitimate cases and very legitimate methods people have used NFTs to fuel their creativity and income as the world changes around them from shutdowns. It does remind me of 2017 again though and the sh(t coin era of a few legit projects and a majority quick money grabs.
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I do think there is legit cases for patronage of artists but that's not what's going on and lets not conflate the less than 5% with the 95% of confirmed garbage being sold to people. It's not only a false sense of value which continues to be diluted each year as new NFT collections come online but also insider trading and a massive marketing budget to push this on people because it lives in a regulatory grey area