Monday, May 31, 2021

Nifty Gateway co-founder warns of NFT market hype

Duncan Cock Foster, co-founder of Nifty Gateway, told Decrypt that he is tired of what is happening in the NFT market. - If [...] https://www.pinterest.com/pin/1085437947660215829/

Duncan Cock Foster, co-founder of Nifty Gateway, told Decrypt that he is tired of what is happening in the NFT market. - If you're doing this purely to make money, you're probably not going to have a lot of fun and you're probably not going to make a lot of money either, which is kind of the ultimate irony, he said. Nifty Gateway co-founder abhors money? The boom for NFT in February and March was "destabilizing," Foster said. Since then, however, interest has begun to wane. So has Foster's patience. In fact, he admitted that he's tired of artists and musicians emailing to ask" 'Hey, guys, you know, we need to get together. I need to get my NFT up and running within the next week before the hype stops!" - If that's your approach, you're probably not going to have long-term success in the NFT space, Foster said. Recall that NFTs were criticized in 2018 when CryptoKitties was the new fad. As Foster recalled, people said at the time that non-exchangeable tokens would never catch on. - It's kind of like Peter Schiff,'' he said, referring to the famous Bitcoin critic. - He just makes [the same criticism] every year and just gets more and more wrong every year, he explained. As he added, time has proven the NFT marketplace's hecklers wrong, too. The NFT market It is fair to say that NFTs are today mentioned in one breath alongside DeFi, smart contracts and other phenomena offered by the Ethereum platform. This year, by the way, turned out to be a breakthrough year for the NFT market. Suddenly it turned out that top artists want to own their tokens that are linked to graphics, visuals or music. Behemoth is the first Polish band with NFT. For example, Grimes, the singer and private partner of Elon Musk, issued her NFT. She was also joined by rockers Kings of Leon, and shortly afterwards by heavy music legend Megadeth. Recently, the band Behemoth joined this elite group. The Polish formation aired its NFT, which is associated with the work of renowned graphic artist Rowan E. Cassidy. But why Nergal, why? Becoz we fuckin' CAN. Behemoth airs its NFT Published by Adam Nergal Darski Friday, May 7, 2021   Tags behemoth Blockchain digital tokens Nifty Gateway tokens

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