FUD FAQ | A Weekly Community Thread | Week 52
FUD FAQ | A Weekly Community Thread | Week 52
Top Question of the Week
• It seems like a big week, what are some of the more exciting releases to look forward to?
A lot of development, engineering and other market activities have been converging towards release for this week. Some of those include;
• Rarible Integration
• Marketplace V3 Refactor
• Nouns Fork Daily CC0 Auctions
• CC0 DAO Membership + Creative Residency
• ZK Cypherpunk CC0 Pop-Up Series
• W3FW Sponsorship NFT Collectible Tiers
• DIGIFIZZY Issue 11
The broader market continues to change in radical ways as more corporate consolidation continues to take place, more FUD spreads about what NFTs are and aren't, massive raises saturate the airwaves and real pioneers keep building.
We've calibrated these slate of releases to take the most optimal approach to this ever-changing landscape.
Most Common Repeat Question
• Is all this consolidation actually good for the market?
It depends.
If you believe in a need to gather as many resources in one place as possible in order to build closed off theme parks in the metaverse that go head to head with older, even more restrictive culture factories like Disney, sure.
Or, if you believe limiting how many brands, projects, and creators the market sustains is good for collectors because too much choice is just so overwhelming, yes.
But really, consolidation is only good for those who want to shut down the spread of creativity and who are against the free distribution of economic power. I don’t know about you, but that’s not why we got into web3. When Meta buys Disney buys BAYC, where exactly will all of the self-sovereignty be?
It’s almost as if those aping in to the consolidation wave don’t really believe in the ability of web3 and NFTs to produce far more wealth than the pre-digital, corporate industrial, only marginally free markets that came before us
Top Controversies in the Industry
So apparently Coinbase now requires in certain jurisdictions that users detail info about each external address holder they transfer their assets from within Coinbase to. The reasoning is the same as usual… an attempt to stop all the bad things that can happen when money is used. But really, it’s yet another step on the road to a CBDC dystopia, where governments and corporations of all sizes remove any semblance of personal privacy or financial freedom.
It’s understandable to some extent why Coinbase is doing whatever it has to in order to comply with regulators in major markets like Canada, Singapore, and Japan, but that doesn’t mean the regulators in these locations are actually requiring what’s in the best interests of participants in their markets or that it’s a great idea to continue using Coinbase.
It really can’t be said often enough: Not your keys, not your crypto.
Silly Fails and Trolling
Every telegram has one… or more like many more than one…. 🤣
View all FUD FAQ here.
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