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Unchained

The Chopping Block: Did Blur Cause a Decline in the NFT Market? - Ep. 567

Unchained

Laura Shin

Business News, News, Tech News

4.61.3K Ratings

🗓️ 9 November 2023

⏱️ 66 minutes

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, they explore the enigmatic 'unhinged scale' metric, consider whether recent layoffs could have been anticipated, and examine the challenges facing the NFT market. They also provide a somewhat critical look at the events of the recent BAYC Apefest and share their takeaways on how Solana survived the Sam Bankman-Fried and FTX fiasco.  Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights:  What the unhinged scale metric is and why SBF ranks the highest in that metric Whether the companies doing layoffs could have predicted the market moves in a better way Whether people and the press are being too harsh on the companies reducing their workforce How the NFT market is a much harder environment than everything else, given the extreme volatility Whether the model used by Blur caused the value of NFTs to go down What’s more important in the NFT market: the supply or the demand The BAYC ‘Apefest’ that caused eye damage to some participants and whether someone sabotaged the meetup Tarun’s takeaways from the recent Solana conference in Amsterdam Whether the people who survived the Solana market crash are like ‘cockroaches after a explosion’ Why Haseeb believes that Solana represents the most incredible story in the history of Layer 1s Whether crypto gaming studios should focus on building ‘dumber’ games rather than AAA ones Why “nature is a Ponzi scheme,” according to Tarun Hosts Haseeb Qureshi, managing partner at Dragonfly  Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly  Tarun Chitra, managing partner at Robot Ventures Disclosures Links Previous episodes of Unchained and The Chopping Block debating NFT Royalties: The Chopping Block: Two on Two Debate: NFT Royalty Throwdown! Are NFT Royalties the Way? How to Build a Sustainable Creator Economy Decrypt:  Ava Labs Confirms Layoffs, Affecting 12% of Avalanche Studio's Employees Did Blur Really Crash the NFT Market? Cryptotimes.io: Blur Jumps Nearly 30% Within Days While OpenSea Layoffs Cointelegraph: OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Not a dividend. It's a tale of two quand. Now your losses are on someone else's balancing.

0:05.4

Generally speaking, air drops are kind of pointless anyways. I made the trading firms who were very involved.

0:11.0

I like that eat is the ultimate problem.

0:13.0

D-5 protocols are the antidote to this problem.

0:16.0

Hello everybody, welcome to the shopping block.

0:19.0

Every couple weeks, the four of us get together and give the industry insiders

0:22.0

perspective on the crypto topics of the day.

0:24.0

So quick intros, first we got Tom, the Defy Maven and Master of Memes.

0:27.0

Hello.

0:28.0

We've got Robert, the crypto connoisseur and Captain of Compound.

0:31.0

GM everybody.

0:32.0

Wait, sorry. Zara of Superstate.

0:34.0

Zara of Superstate.

0:35.0

Then we've got Taroon, the Giga Brain, and Grand Pouba at Conlet.

0:38.0

Hello.

0:40.0

Very creative.

0:41.0

And I'm a Ceeve head high band at Dragonfly.

0:43.0

So we are early-stage investors in crypto but I want to caveat that nothing we say here

0:46.4

is investment advice, legal advice or even life advice.

0:49.0

We see chopping block that XYZ for more disclosure.

0:51.4

Can I start with a disclaimer disclosure I'm not drinking a

0:55.0

red bull not because I'm cheating on red bull it just like there happens there I

...

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