Non-Fungible Tokens (NFTs)

In marketplaces, transaction frequency & building user habits is more important than having the highest overall GMV. Let's consider NFTs on Solana vs Ethereum through this lens, by comparing @MagicEden_NFT vs. @opensea:

1/ NFTs as JPEGS will not be the dominant mental model of what they are in the future. Feels very much like "NFT 1.0" which is probably worth coining because similar to "Web X.0," the scale of NFTs' impact will be similar.

I find NFTs that evolve as you progress towards a goal more interesting because they tap on one's hard work & skill, vs one's wealth / being early at a drop. Similar to how in WoW expensive transmogs gave you clout, but the real clout was in hard achievements