DePIN's Imperfect Present & Promising Future: A Deep Dive - Compound Writing
OpenSea’s ValueFirst, two more OpenSea stories from over the break. From Be In Crypto:NFT marketplace OpenSea has frozen $2.2 million worth of Bored Ape (BAYC) NFTs after they were reported as being stolen. The NFTs on the marketplace now have a warning saying that it is “reported for suspicious activity.” Buying and selling of such items are suspe... See more
stratechery.com • OpenSea Raises Money, Bans NFTs; OpenSea’s Value; Crypto’s Aggregators
That said, the web3 experience still remains complex and confusing to all but the most technical or committed. By baking money into the protocols themselves, web3 has been able to bootstrap demand further ahead of user experience than the paradigms of the past, but that won’t be enough to cross the chasm.