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January 14, 2022by Laura Shin

Why Are NFTs the One Bright Spot in the Crypto Markets?

Avid NFT collector Aftab Hossain (aka @iamDCinvestor on Crypto Twitter) discusses why OpenSea and NFT volumes are popping to start 2022, how LooksRare’s vampire attack is a good thing for the NFT market, and how royalties affect a project’s trading potential. Show topics:

  • why Aftab thinks NFT floor prices are rising and what role NFT “flippers” have to do with his theory
  • whether the NFT industry could continue growing even if fungible crypto assets enter a bear market
  • how the LooksRare vampire attack on OpenSea works
  • why people are wash trading NFTs on LooksRare
  • why Aftab would choose to list NFTs on LooksRare over OpenSea
  • whether LooksRare’s vampire attack will force OpenSea to decentralize and/or tokenize
  • what sort of NFT projects should have royalties… and which projects shouldn’t 

Thank you to our sponsors!

Avado: ava.do

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 

Episode Links

Aftab Hossain

  • Twitter: https://twitter.com/iamDCinvestor

LooksRare

  • LooksRare vampire attack + wash trading: 
    • https://decrypt.co/90317/ethereum-nft-market-looksrare-wash-trading
    • https://www.coindesk.com/tech/2022/01/11/one-day-after-launch-opensea-competitor-looksrare-sells-over-100m-in-nfts/ 
  • LooksRare: https://twitter.com/LooksRareNFT 
  • LooksRare vs OpenSea data: https://dune.xyz/hildobby/LooksRare-VS-OpenSea

Background Links

  • NFT volume to start the year: https://cryptopotato.com/opensea-records-over-2-billion-in-trading-volume-early-in-2022/ 
  • OpenSea metrics: https://dune.xyz/rchen8/opensea 
  • Fred Ehrsam tweet: https://twitter.com/FEhrsam/status/1370414944265572353
  • The Chopping Block: https://unchainedpodcast.com/the-chopping-block-why-the-crypto-markets-have-been-down-this-week/ 
  • Nas NFTs: 
    • ​https://decrypt.co/89881/rap-legend-nas-sells-2-songs-as-nfts-on-dj-3laus-royal-platform 
    • https://www.theblockcrypto.com/linked/130123/3lau-backed-platform-royal-crashes-during-first-music-nft-drop-mint-delayed 
  • OpenSea IPO rumors: https://decrypt.co/87701/opensea-ipo-criticism-crypto-ethereum-token 
  • SushiSwap vampire attack: https://www.theblockcrypto.com/post/76419/uniswap-fork-sushiswap-700-million-total-value-locked

 

Posted in: Shows, UnchainedTagged in: Aftab Hossain, crypto, LooksRare, NFTs, OpenSea

Our guest on this episode:
Aftab Hossain, @iamDCinvestor

Aftab Hossain

@iamDCinvestor

© Copyright 2022 Laura Shin Media LLC. All Rights Reserved.

Website by Zach Swinehart.

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Unchained Podcast

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