Ok. Ethereum L1 and NFTs dominate. I can see that. Great article, sound reasoning as almost all other articles. All thumbs up.
Could you elaborate in a future article how you see L2 and NFTs - particularly those attempts where L1 NFT is kind of "escrowed" and then sell process (and fees) are done on L2?
I believe Trove by Treasure are currently attempting something like that?
No criticism of your case for Ethereum. The challenge I am having is trying to determine how L-1 protocols are capturing value from an investment perspective. It seems the value accrues to users much like the renewable energy sector.
I think it mainly boils down to early mover advantage and the consequent ecosystem built. DeFI is easier to replicate across other L1s because of cross-chain bridges but no such thing (yet) for NFTs
Appreciate the content and length of these posts. Topic is important and "big" enough to warrant my attention, and you do a great job of supporting your thesis in an article I can read in <5min. Can easily read this during a work break - no need to set aside time during the day to engage with this (like some of the other Bankless written content).
When you get down to the bones of any build whether physical or digital, it will always come back to the original. The staying power is what's really important for investment, not the quick buck. Give me BTC and ETH all day long
Ok. Ethereum L1 and NFTs dominate. I can see that. Great article, sound reasoning as almost all other articles. All thumbs up.
Could you elaborate in a future article how you see L2 and NFTs - particularly those attempts where L1 NFT is kind of "escrowed" and then sell process (and fees) are done on L2?
I believe Trove by Treasure are currently attempting something like that?
No criticism of your case for Ethereum. The challenge I am having is trying to determine how L-1 protocols are capturing value from an investment perspective. It seems the value accrues to users much like the renewable energy sector.
I think it mainly boils down to early mover advantage and the consequent ecosystem built. DeFI is easier to replicate across other L1s because of cross-chain bridges but no such thing (yet) for NFTs
Awesome :-) I feel much less newby now that I start being able asking relevant questions :-) Made my day. As a (still) 925er >> TGIF.
Appreciate the content and length of these posts. Topic is important and "big" enough to warrant my attention, and you do a great job of supporting your thesis in an article I can read in <5min. Can easily read this during a work break - no need to set aside time during the day to engage with this (like some of the other Bankless written content).
When you get down to the bones of any build whether physical or digital, it will always come back to the original. The staying power is what's really important for investment, not the quick buck. Give me BTC and ETH all day long