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Feb 18
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AVOID
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Ding X
Founder of Predict.fun / Co-Founder of PancakeSwap
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When asked what went wrong with NFTs, Ding X admits the space has shifted from speculation to a "builder system" and that the massive speculative capital has left for Memecoins. The "100x" speculative premium has evaporated. While the technology remains for utility (like representing prediction market positions), the asset class as a vehicle for rapid wealth generation is currently dead. Capital has moved on. Avoid broad NFT exposure; the sector is in a deflationary consolidation phase. A sudden resurgence of NFT mania driven by a new utility unlock (e.g., gaming). |
CoinDesk
Charles Hoskinson and Ding X on Predict.Fun, ...
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Jan 29
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AVOID
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Ryan Watkins
Co-founder, Syncracy Capital
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Watkins admits, "We're still figuring out what is the point of this stuff... it could actually be another 3 to 5 years." These sectors are currently in the "trough of disillusionment." Unlike DeFi/Perps which have current PMF, these sectors require a longer gestation period for technology and consumer behavior to align. The opportunity cost of holding these assets is high compared to productive crypto assets. Avoid for now. Wait for signs of life before re-entering. A breakout hit game or viral NFT trend could spark a localized rally. |
Unchained (Chopping Block)
Why Crypto Expectations Are Low but the Poten...
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