Rob Mehew (Lynqoid)’s Post

NFTs WERE A PUNCHLINE AFTER THE HUGE 2002 BOOM-AND-BUST - - AND MANY STILL ARE The NFT.NYC events in NYC (the 'Woodstock' of NFTs:) began Tuesday at the Javits Center and ends today, Friday. These events have played host to more than 800 speakers / 100 events for closely-knit NFT investor groups — where NFTs can be pieces of collectible, authenticated digital art that have included the “Bored Ape”, “CryptoPunks” and "GoblinTown" series. NFTs seemingly still draw a growing interest, if you believe in Goblins, the so-called “goblin” investors (who have blown their cash on failed crypto purchases.) A gathering of optimism in the digital art world? USE CASE? GOBLIN TOWN THEMED NFTs "Sometimes a project comes along that is so ridiculous, so deprived of any utility, that people have a hard time understanding why the project has gotten traction in the first place. That’s the story of Goblintown.wtf NFT. This project has no utility or roadmap.... But it still grew and became a blue chip project, no less. "Goblin Town is a collection of 10,000 goblin-themed NFTs algorithmically generated from hand-drawn traits (it looks like). No white paper exists for this project, so the best thing we have to say about this project is..." (Source: https://lnkd.in/etNeh3qi) Some NFT proponents face an uphill climb to convince the general public. A report by dappGambl last year found that an eye-popping 95% of NFT investments had become worthless as crypto bottomed out. - - - - - - - - - - - - - - - The 'UBER-HYPE' partially projected in this article masks the real, intrinsic value of asset-backed NFTs which are increasingly being developed to represent ownership interests in something of real value - like real estate - representing new models of property ownership and trading. My advisory and business development work with blockchain, smart contracts and NFTs promotes simplified, transparent and less expensive processes: ~ Simplified Real Estate Asset Trading:  Real estate NFTs provide 1-1 ownership rights. Through a secure platform, investors can conveniently purchase NFTs representing a whole or a fraction of a property with a simple click. ~ Asset Security and Immutability:  NFTs serving as proof of ownership for real estate assets utilize immutable distributed ledger technology. This tamper-proof record of asset ownership and transfers offers a more secure method for trading compared to centralized asset registries commonly used in the physical world. ~ Decentralization of the Trading Market:  Traditional real estate asset markets rely heavily on centralized intermediaries for buying and selling. Tokenized real estate NFTs significantly reduce the need for excessive intermediaries, promoting market efficiency and reducing costs for both buyers and sellers dealing with all types of property across the real estate chain - from dirt-to-disposition! - John Dean Markunas, Principal Consultant, Power of Chain LLC https://lnkd.in/e4zrsRa8

The Value of NFTs: Beyond the Hype In the fast-paced digital world, Non-Fungible Tokens (NFTs) have emerged as a revolutionary concept, offering a new way to own and trade digital assets. But beyond the headlines and the hype, what’s the real value of NFTs? At their core, NFTs represent uniqueness. Unlike cryptocurrencies such as Bitcoin, which are interchangeable, each NFT is one-of-a-kind or part of a limited edition. This uniqueness is what makes them so appealing, especially in fields like art, music, and even virtual real estate. For creators, NFTs provide an unprecedented opportunity to prove ownership and control over their work in the digital space. Through blockchain technology, artists can ensure their pieces are verifiable, with ownership histories tracked transparently and securely. This shift empowers artists like myself to maintain control over the distribution and resale of our art. We can earn royalties on secondary sales, creating a sustainable way to be compensated as the value of our work grows. It’s a game changer for those of us who’ve traditionally had limited control once a piece leaves our hands. But NFTs aren’t just for creators—they offer collectors and supporters a new kind of value. Owning an NFT means possessing a certified original or limited edition piece of digital art, music, or content. This brings exclusivity, similar to owning a physical masterpiece or rare collectible. Collectors can now participate in the creative journey of an artist, invest in their work, and hold a stake in the art's future value. That said, the world of NFTs isn’t without its challenges. The environmental concerns around blockchain technology and the speculative nature of the market have raised valid discussions. However, as technology evolves, so will the solutions to these concerns. In essence, the value of NFTs lies in the convergence of digital art, technology, and community. For creators, it’s about ownership, innovation, and financial empowerment. For collectors, it’s about access to rare digital assets and the opportunity to support the next wave of creative talent. As the NFT space matures, the long-term impact could reshape the way we view, buy, and sell art. Are NFTs here to stay? Only time will tell, but what’s clear is that they’ve already made a mark on the future of digital ownership and creativity.

🚀🎨 Discovering trending #NFTs on #Polygon is an exciting and lucrative experience! 🔍📈 Platforms like Magic Eden make it easy to navigate the NFT ecosystem, with fast & low-cost transactions. 🌎🌱 Join NFT communities, track market trends & explore collections for valuable insights! 🎉✨ #MATICGrants #NFTcommunity #sustainability ♻️✨ Keep an eye on influential collectors and stay tuned for new initiatives and tools, such as the Polygon CDK! 🌟 #NFTmarketplace #innovation 💡👀 Don't miss out on the chance to be part of the growing and sustainable NFT ecosystem on Polygon! 💪🚀 #NFTcollector #NFTtracker 🎨🚀

𝗦𝗘𝗖 𝗦𝗵𝗶𝗳𝘁𝘀 𝗚𝗲𝗮𝗿𝘀: 𝗡𝗙𝗧𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗖𝗿𝗼𝘀𝘀𝗵𝗮𝗶𝗿𝘀 🎯 A seismic shift seems imminent in the NFT landscape as the SEC sets its sights on OpenSea, one of the pioneering platforms of digital collectibles. The planned legal action could redefine the rules of engagement, putting the sector's future at stake. In context, if NFTs are classified as securities, brands, creators, and platforms alike may have to contend with a more complex regulatory landscape. With brands retreating, creators grappling with mounting challenges, and platforms navigating new regulations, the NFT ecosystem could be standing at the precipice of a major transformation. As Maja Vujinovic from @OGroupLLC suggests, a significant part of the current NFT market may lack long-term viability, a sentiment echoed by many. Is this the dusk of the NFT revolution, or is it a dawn of a new, more mature phase?

All You Need to Know About ERC-404: The Game-Changing NFT Standard Attention, crypto enthusiasts and innovators! The world of NFTs is about to be transformed with the arrival of ERC-404. This groundbreaking standard offers a unique solution to one of the biggest challenges in the NFT space: Accessibility and liquidity. If you're an investor, developer, or simply curious about the future of digital ownership, this post is for you. What is ERC-404? Forget about single-owner NFTs (ERC-721). ERC-404 introduces fractional ownership, allowing you to own a piece of a unique digital asset. Imagine owning a fraction of a coveted CryptoPunk, a rare piece of digital art, or even a virtual land parcel in the metaverse, all without needing to fork over a fortune. Why is it exciting? Here's how ERC-404 disrupts the NFT landscape: Democratization of NFTs: Opens up NFT ownership to a broader audience, making previously out-of-reach assets accessible to everyone. Increased liquidity: Fractionalization creates a more tradable market for illiquid NFTs, boosting overall market health and unlocking new investment opportunities. Unleashing new possibilities: Imagine fractionalized DAO governance tokens, music rights, or even real-world assets like real estate! The possibilities are endless. Benefits for Investors: Diversify your portfolio: Invest in a wider range of high-value NFTs without massive capital outlay. Greater flexibility: Enter and exit positions more easily with a more liquid market. Potential for higher returns: Fractional ownership allows for participation in high-growth NFT markets. Benefits for Developers: Unlock innovative use cases: Build applications with unique token mechanics and ownership structures, catering to diverse needs. Leverage a proven foundation: Utilize the secure and well-established Ethereum blockchain. Join a thriving community: Be part of a vibrant community actively shaping the future of NFTs. More than just hype: Remember, ERC-404 is still in its early stages, but the potential is undeniable. While further research and due diligence are crucial, understanding and exploring this standard positions you to be at the forefront of the evolving NFT landscape. Ready to delve deeper? Explore the technical details: Dive into the smart contracts and specifications to understand the mechanics of the standard. Connect with the community: Join online forums, attend hackathons, and engage with developers and enthusiasts shaping the future of ERC-404. Stay informed: Follow industry publications and thought leaders to keep up with the latest developments and potential use cases. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a professional before making any investment decisions. #ERC404 #fractionalnfts #nftfuture #blockchain #investing #developers #web3

The world of digital assets is buzzing with the rise of NFTs, but do we really understand what non-fungible tokens are? Dive into the world of NFTs and explore how they are reshaping the digital space with unique digital ownership and transactions. Are you ready to join the NFT craze? NFTs, or non-fungible tokens, are more than just digital assets; they represent the next evolution of money, enabling artists and creators to monetize their work in new ways. But are they here to stay or just a passing trend? Share your thoughts on the NFT phenomenon. Discover the disruption caused by NFTs in traditional markets, where digital art and collectibles are fetching millions. From music NFTs to unique digital art pieces, NFTs offer a new avenue for creators to connect directly with their audience. What's your take on this digital revolution? The power of NFTs lies in their uniqueness and their ability to empower artists by putting ownership back in their hands. But are NFTs just a passing trend or a sustainable solution for digital ownership? Share your views on the potential of NFTs in the digital realm. As NFTs continue to gain popularity, the question arises – why are people investing in them? Explore the lure of NFTs as collectibles and status symbols within the crypto community. Are NFTs the future of digital ownership or a speculative bubble waiting to burst? Let's hear your opinions! Curious about how to navigate the world of NFT investments? Learn how to identify valuable NFTs, understand their utility, and explore trending NFT collections. What do you look for in an NFT investment, and how do you decide which NFTs to support? Owning an NFT comes with exclusive bragging rights and the potential for royalties, but what about the environmental impact of crypto-art? Explore the sustainability concerns surrounding NFTs and their contribution to carbon emissions. How can we balance innovation with environmental responsibility in the digital space? Join the conversation on NFTs and share your thoughts on their role in shaping the future of digital ownership. Are you ready to embrace the world of NFTs and explore the possibilities they offer for creators and investors alike? Let's discuss the fascinating world of non-fungible tokens! https://lnkd.in/ecjXF53v

Justin Sun, the visionary founder of Tron, has launched an innovative NFT trading platform known as the Rhodium NFT Marketplace, set to redefine the blockchain's capabilities and widen NFT accessibility for users of all levels. This state-of-the-art platform is designed to simplify and enhance the buying, selling, and trading experience of non-fungible tokens while prioritizing user security. Key features of the Rhodium NFT Marketplace include a user-friendly interface that makes navigating the NFT ecosystem a breeze, as well as support for the TRC-721 token standard, ensuring seamless integration with other Tron-based NFTs. The marketplace is built on the robust Tron network, prioritizing the security of users' assets, and is accessible on both mobile and desktop devices, allowing users to trade NFTs conveniently anytime, anywhere. Sun believes that the success of the Rhodium NFT Marketplace relies heavily on strategic partnerships with artists and content creators. Collaborations with established figures within the art and entertainment sectors will attract a diverse array of NFT offerings, enhancing the platform's appeal. Looking toward the future, the marketplace plans to introduce several exciting features, such as auction capabilities that allow users to maximize their returns and community engagement tools to foster user interaction and retention. Additionally, Rhodium will support NFTs across various genres, including music, art, and gaming, broadening its user base. The launch of the Rhodium NFT Marketplace signals a significant advancement in the NFT landscape within the Tron ecosystem. With a focus on security, user experience, and continuous evolution, this platform is poised to become a major player in the digital asset trading space. Read the Full Article here - https://lnkd.in/gn5XYQFi

Why Memecoins Scale Faster than NFTs 🐸🚀👇 NFTs had a good week – DeGods up 48%, Yuga Labs' BAYC up 28% – and now everyone’s saying NFTs are back. But there’s one big problem: #NFT network effects just don’t work like memecoins do. In crypto, it’s all about how many holders you have. More holders mean bigger network effects, and bigger network effects mean a better shot at hitting that billion-dollar market cap. Just look at memecoins like BOME, WIF, and Pepe. They’ve shown us how it’s done. The issues with #NFTs: 1⃣ Limited Network Size The size of an NFT network is capped by the number of NFTs available. It’s not like memecoins, where you can have tens of thousands of holders. 2⃣ Price Growth Pricing People Out As NFT prices climb, fewer people can afford to buy in. This means NFT network growth slows down just when you need it to speed up. ✈️Memecoin Flywheel vs. NFT Brick Wall 🧱 When memecoins take off, the higher the price goes, the more people hear about it, which leads to even more people buying in. It’s a flywheel effect. But NFTs? They hit a wall once the floor price gets too high. They’re not designed to scale like memecoins. Memecoins are Countries, NFTs are Small Islands 🌍🏝️ Memecoin networks can grow to tens or even hundreds of thousands of holders in no time. NFTs, on the other hand, usually max out around 5-7K holders. #Memecoin networks are like entire countries, while NFT networks are more like small, tight-knit islands. That’s why NFTs feel more personal and community-driven. You know the people, you recognize their PFPs, and you might even meet them IRL. It’s fun, but it also limits how big these networks can get. Will NFTs Pump Again? 🤔 It’s possible. But the uphill battle for NFTs is real. Their network effects peak much sooner than those of memecoins. To keep the market moving, NFTs need a constant influx of new buyers and fresh liquidity. It’s a tougher game, but that’s what makes it interesting. So, are NFTs back? Maybe. But they’ve got a lot more work to do to match the meteoric rise of memecoins.

📉 The NFT Bubble: What Happened and What's Next?🌐 Once upon a digital time, Non-Fungible Tokens (NFTs) exploded onto the scene, captivating artists, collectors, and investors around the globe. The allure of owning unique digital assets in a decentralized marketplace sparked a speculative frenzy. It was an era of astronomical sales and overnight millionaires, where the promise of digital ownership seemed limitless. 📊The Rise and Fall Imagine a bustling digital bazaar, where virtual paintings, music, and even memes sold for jaw-dropping prices. This was the NFT market at its peak. However, as quickly as it soared, the market saw a dramatic decline. The once-thriving NFT marketplace is now witnessing a significant drop in trading volumes and prices. High-profile sales that once fetched millions are now struggling to find buyers. What went wrong? 😨Speculation vs. Utility In the early days, the hype was driven more by speculation than by intrinsic value or utility. Everyone wanted a piece of the action, but as the speculative bubble burst, the market began to recalibrate. Now, the focus is shifting towards practical applications and long-term value. 🙄The Regulatory Clampdown As if the market correction wasn't enough, increased regulatory scrutiny on cryptocurrencies and digital assets has further cooled the NFT frenzy. Regulators are stepping in to protect investors from fraud and ensure market stability, leading to stricter controls and oversight. 📲Technological and Cultural Evolution Yet, amidst this downturn, the underlying technology of NFTs and blockchain is still evolving. Innovations in smart contracts, interoperability, and scalability are paving the way for new, exciting use cases. Cultural shifts toward digital ownership and the metaverse remain strong, hinting at a promising future beyond the initial bust. 🌄Future Prospects: A New Dawn? So, where do we go from here? The future of NFTs likely lies in their ability to provide real utility and value. Sectors such as gaming, real estate, and intellectual property rights management are showing great promise. Companies that can integrate NFTs in meaningful ways—offering unique experiences or solving real problems—will drive the next phase of growth. Looking Ahead 👀 While the hype may have subsided, NFTs are far from dead. The market is maturing, moving from speculative excesses to a more sustainable growth trajectory. For investors and enthusiasts, this is a time to focus on projects with solid fundamentals, clear use cases, and strong communities. The burst of the NFT bubble is a crucial lesson in the lifecycle of emerging technologies: initial excitement often gives way to a reality check, but true innovation persists. As we move forward, it’s essential to remain informed, adaptable, and discerning in navigating the evolving landscape of digital assets. What are your thoughts? Pls Share. 🤔 #NFTs #Blockchain #DigitalAssets #Crypto #Innovation #MarketTrends #FutureTech

🚀 Navigating the Blue-Chip NFT Market: Our guide offers insights on finding and acquiring the most sought-after NFTs.