Shard is focused on doing this the right way. We’re building the best protocol for liquid NFTs: secure, scalable, and open to everyone
When we launch, it won’t just be another NFT drop. It will be the new standard for how NFTs are owned, traded, and yield-bearing
The future of NFTs is liquid, and Shard will set the bar
Shard is still being built and not yet ready for launches. The Ethernals team had planned to move ahead sooner, so we’ve agreed to part ways and let them pursue their roadmap independently without hybrid feature
We respect their work and community, but Ethernals will not be launching on Shard
Most NFT mints over the last 2 years showed the same problem:
– very few holders actually want to keep the NFTs
– most are flipping fast
– liquidity is thin because sales rely on P2P orderbooks
That’s why liquidity keeps flowing back to AMMs and liquid tokens. Pools make it easy to enter and exit, while NFTs stay stuck with bids/asks
Liquidity begets liquidity, and that’s exactly what Shard brings to NFTs. Turning them into ERC20s that can trade in AMMs, generate yield, and scale to millions of holders
imo the Cerebro mint + aftermath are a *perfect* case study for why most liquidity left NFTs and moved back to AMMs/liquid tokens
(original migration was DeFi summer/AMMs -> NFTs. The pendulum has swung back violently...starting in 2023)
as evidenced by price action, a substantial portion of the minters had no intention of actually holding onto the NFT - they wanted a quick flip.
Game is game, and that's the behavior of the vast majority of ppl onchain in *any* current market - NFTs, memes, alts, etc.
This is perpetuated by "alpha" groups and botting crews...effectively cornering sizable chunks of supply of any perceived "hot" mint...which doesn't seem all that different from trench groups/etc until you understand the kicker
The kicker - AMMs/liquid tokens are *far more liquid* due to LPs than NFTs which rely on bids/ask for entries/exits
Constantly available curve pools are 1000000% better for entering/exiting positions than discrete bid/asks
Through this lens it becomes extremely obvious why the markets have shifted.
Liquidity begets liquidity
To recap:
-> Hardly anyone wanting to actually hold the NFTs
-> quick selling because game of money chicken
-> extremely small liquidity to absorb sells bc it requires p2p instead of p2LP
-> this phenomenon has been ongoing for 2 years now
-> much liquidity realized this a long time ago
-> liquidity moved to a more efficient entry/exit speculation vehicle (liquid tokens with AMMs)
-> negative reinforcement cycle continues indefinitely on vast majority of collections unless/until holders win and quick flippers are painfully sidelined....which is the exception rather than the rule in 2025
This is not a commentary on the actual mint/team/etc - I love that Mav was able to fully mint out and get runway for building out the product more. It's general commentary on market pyschology and observations on how traders have migrated and adjusted positioning over time
Exactly this. NFTs have been trapped in illiquid orderbooks and P2P trading for too long. The result is constant flipping, thin liquidity, and communities that can’t scale
Shard solves this by fragmenting NFTs into ERC20 tokens. Suddenly, they’re liquid, tradable in AMMs, and yield-bearing through fees.
Instead of relying on bids/asks, NFTs get real liquidity pools. Instead of a few thousand holders, collections can expand to millions
That’s the next cycle
Shard changes what it means to “own” an NFT
Collections are no longer capped at a few thousand holders. They can scale to hundreds of thousands, even millions, through fractional markets