remember @believeapp ? well they once again made a controve | 0x_ultra on Binance Square

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remember @believeapp ?
well they once again made a controversial design decision
they froze on chain fee payments for creators and now asking them to connect PayPal / ACH / Venmo if they want to keep getting payouts💀
very web3 aligned

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starting to think there’s a moderate chance the future of web3 will sadly just be being eaten out by web2 companies using it for payment rails and only a wasteland of casinos will remain a lot of the industry relies just on regulatory arbitrage

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they don’t know NFTs are like Labubus that only work at 0% interest rates pls bring back some liquidity 😭

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went on a call with ultra she told me the past 4 years of crypto have been insanely boring and it's time to revert back to the times when we were all just having fun there was a time everything was up only, and people just released things because they should exist, not for monetary gain

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if your web3 business simply works because of regulatory arbitrage it might soon die with perps trading being legalised in the US think we will soon enter an era where you have to do more than “provide a web2 service but decentralised” most perp dexes simply exist for this reason the future of our industry is gonna look way different imo apps that blend in with web2 but leverage the composability of web3

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for those that don’t know, an NFT season has started on TON recently brands like @pudgypenguins @Azuki and more are releasing limited supply sticker packs, which can then be wrapped into NFTs and resold floors generally 3-5x mint price and total capitalisation of this market is ~$25M in comparison the telegram gifts market is worth ~$400M stickers are bought with telegram stars (the in app credits), then wrapped and resold for TON; each sticker pack around 2-3k supply sticker limited runs have existed for a long time on messaging apps but it’s interesting to see a whole marketplace come up to enable secondary trading yesterday the azuki pack saw 150k people trying to fight for a 3,333 supply pack (somehow i managed to snag one hehe) thanks @rrrusxx for onboarding me

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