FUD FAQ | A Weekly Community Thread | Week 54
FUD FAQ | A Weekly Community Thread | Week 54
Top Question of the Week
• When will we see the big breakout of web3, NFTs, fashion and the metaverse we’ve been expecting since we first understood how powerful they can be?
Reading the whims of change and market indicators, it seems pretty clear that while sometimes months can feel like decades, we actually really are on the cusp of something huge. From the DIGITALAX perspective in particular, there are a few big developments that have been converging to a point where we expect major upgrades in infrastructure to hit soon for creators making that long desired breakthrough happen.
As we all talk about often, one key that is absolutely necessary to unlock this breakthrough is for it to be genuinely native to web3. What tangibly puts verifiable, transparent, ubiquitous power in the hands of vastly decentralised networks is actually knowing how to use NFTs and web3 to unlock advantages and opportunities, wildly shared liquidity across a federation of fellow creators, and the direct ability to translate what starts as an idea proceeds as a determined creative effort and manifests through novel manufacturing methods into outcompeting even the largest of yesterday brands.
Most Common Repeat Question
• What’s happening with NFT and web3 markets? Up, down, sideways? Did the bear get rabies like that fox that was caught on the White House lawn?
What we’ve seen over the years in blockchain and web3 is markets respond to all kinds of things, sometimes logically, sometimes who the hell knows what is going on. Whilst we have no predictions to give out here, it is kind of exciting that the merge is right around the corner, and, Spring brings so many infrastructure upgrades and web3 fashion activity to look forward to— particularly IRL.
Personally, we spend most of our days paying more attention to how many opportunities there are to create, rather than the quirky bounciness of the markets during periods of global massive change.
And after all, we all know, April showers bring May flowers!
Top Controversies in the Industry
…. I mean…. anything that Facebook/Meta does is controversial….it’s great and all that FB / Zuck want to join the cool kids table by pretending to embrace web3 culture, but we can spot a fake a mile away. It’s recorded immutably on chain. Wake me when FB radically reformats there algorithm to serve users instead of serving us up on a platter as products, abandons invasive policies and practices, stops amplifying filter bubbles for violent extremist militant sycophancy, and genuinely retools with technology encoded in a way that it literally can’t violate self sovereign principles once put in place.
Silly Fails and Trolling
Elon becomes Twitter’s largest shareholder with a 9+% stake. Is he trolling us all with this move? Too soon to tell, but what we can be sure of is plenty silly fails and trolling in the weeks and months to come related to this move. So much of how he uses the bird app is already like he’s running a class on memes, pranks, and trolling. It’s a safe bet to expect a lot more coming up ahead.
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