FUD FAQ | A Weekly Community Thread | Week 33
FUD FAQ | A Weekly Community Thread | Week 33
Top Question of the Week
• Why are the designer realms so exciting?
With this next iteration of the protocol, any designer can now become a complete web3 fashion label with all of the core tooling and mechanisms at their disposal. Namely; composability, forkability, interoperability and real property.
Under this model, the entire indie web3 fashion fleet is set to take off in pursuit of these new open metaverse markets. Fashion is no longer a winner takes all top down scramble where only a few of the players remain standing— where previously that was based more on luck, first mover advantage and collusion around capital. Now, with web3, each designer realm grows stronger with the launch of every other, in keeping with true network effects. Thousands upon thousands of market enabled realms going up against each individual centralised titan have every advantage to move swiftly, dynamically, openly, and ultimately prevail.
Most Common Repeat Question
• When is the new $MONA rewards distribution set to take place?
The new rewards distribution will take place in the first week of December when the current rewards schedule finishes. And with that, the details of this new distribution will be announced this week, alongside other exciting updates regarding the rewards and utility token distribution of the recently launched designer realms.
Top Controversies in the Industry
HEN is now no longer here. For those that might have missed it, HEN was discontinued this week. Although the exact reasons for the shutting down are yet to be officially announced, talk on #CT suggests it was because of a moody cofounder deciding he didn’t like that one of HEN’s competitors was launching their own minting contracts. Whatever the reason might be, it reinforces the point of why decentralisation is so important in the first place, and why just minting NFTs on a loosely defined definition of a blockchain will never last and end up screwing everyone over in the process, just like what often happens in web2. Decentralised infrastructure for storing NFT metadata is just as important, as it means that even if a core team goes rogue the content and timestamps remain. DIGITALAX has maintained this from day one, where all of our NFT metadata is decentralised and store on-chain.
Silly Fails and Trolling
Seems like BAYC is apeing in to simping the web2 copyright cartels. I mean, do they fundamentally not believe in the NFT tech that got them to where they are in the first place? If you really believe that timestamped programmable consensus is worth anything then the NFT is your proof of originality and authenticity, and, your mark of value. You shouldn’t need to force people to believe that your brand has value through threat of law, it is the most surefire way to undermine it.
The project might be propped up for a while by old timers unwilling to admit the truth, but it seems like the time for BAYC to LARP being king of the apes is now fast coming to a Darwinian end.
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