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Kaiz 🐂🀄️
@Kaiz_294
clips + content | working w @MarketBubble | supporting @BullpenFi | intern & mod at The Ansem Collective
Joined May 2021
3.4K Following    12.9K Followers
[Quit sees FWA turning NFTs into the core of the product] "All of a sudden, the NFT becomes the point." "Everybody would rather have the collection than 0.05." "As an artist, you have an opportunity to gamblefy your revenue stream." @0xQuit explains how FWA could create a new model for NFT collections. An artist could launch a collection backed by deposited capital. Instead of buyers simply paying for an NFT, the underlying asset becomes part of the mechanism itself. For example, a collection could be backed at 0.05 ETH per NFT. The depositor earns yield around that amount, while participants have a chance to receive the NFT through the protocol. That creates incentives for both sides: collectors want the asset, while depositors earn yield from providing the capital. For artists, it also introduces a new way to monetize collections by combining NFTs, yield, and speculation. The NFT stops being the receipt. It becomes the prize.
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