Staking or SEC? NFT Developers Face a Dilemma as FTX Launches New Marketplace

A brief history

  • Ridiculous transaction fees (anywhere from $50 to $1000)
  • Transactions that randomly fail (if demand is high enough, users may miss the mint because of this)
  • Slow transaction speeds (incentivizes minters to pay more gas to mint a token on time)
An extreme example of Ethereum’s high transaction fees.
Galactic Geckos increased from 2 SOL to 60 SOL in less than two weeks. Solana Monkey Business NFTs had a 2 SOL mint price and now cost 250 SOL after a few months of steady community building!
During the past week, nearly all projects listed above had up to -50% drawdowns.

Distributing Royalties

How $BANANA works as explained by the CyberKongz team.

OpenSea’s NFT Crackdown

Meerkats drama

A part of GGSG’s recent statement. Read the full thread here.

What Now?

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