Not Crypto Bros 010: REcentralization, NFTs & Ponzinomics - Web3 & Crypto Build the Connections to Transcend Nationalism
Have PFP's had their day? How has it evolved into free mints for a little whitelist grinding? Jarrett: "There's still some exclusivity, and now with whitelist grinding, AKA the 'adult-sanctioned hazing', its still held some exclusivity. Many projects saw it as an easy way to create liquidity for their project. But if you wanted to do a free mint, you actually have to come with amrketing money. You actually have to show up with a little bit of investment money to do that."
Did Mark Zuckerberg troll the entire world? Jay Harris: "The new version of Oculus is called the Cambria. 'Cambria', like Cambridge Analytica. Mark is trolling the entire world."
Are too many projects operating in Ponzinomics? What are ponzinomics? Grant Sparks Nieddu: "I believe in affiliate programs with multitiered payouts. This is what is known as an MLM. There is strong value in the thing being sold, and a commission for that sale. A Ponzi is when there is little or no value to the underlying thing being sold, and the real value comes from selling new sellers. Too many projects are actually just hoping for commissions on the velocity of sales of their NFT projects with no real underlying value."
Are we ACTUALLY in a trend for Decentralization, or are we RECentralizing for our globalized future?
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