Seeing creators face backlash for making NFTs feels similar to the backlash creators faced for doing brand deals in the early days of web2.
Fans now embrace, or at least tolerate, brand deals for the sake of the creator and their work.
I'm convinced NFTs are on a similar path.
Crypto is building a world outside the nation-state. But who belongs in this new global "public?"
Our new essay is about building open worlds, about protocols that enact values over profits, and about changing this game
πβ¨π by me, @hxrts, & @lottiland
https://t.co/j70n8qOPOq
@cryptotahin It comes down the risk appetite and sophistication of different users. Active users sell PTs to maximize their capital efficiency (whether that be for YTC or anything else) while passive users buy PTs for fixed APR (there's a lot of demand for fixed income in the world).