October 22, 2022

"The NFT Platform Wars Are Upon Us"

The NFT platform wars are under way and they will be very similar to the browser wars of the 90’s. Not too many people out there remember Netscape Navigator.

First, many entries
Then, platform war
Finally, consolidation and shake out

We are now entering the second stage. 👇

🧵👇(2/3)

"Many of today's NFT Marketplaces will be made obsolete or relighted to the back end stack". -🍌🐀

I believe this will be a good thing for NFT buyers & sellers. Remember though…

“The Metaverse is the Marketplace”. -🍌🐀

Rarible has introduced a great aggregation tool to help us manage the complexity in the short term.

Is Rarible the Expedia of NFT Marketplaces? 🤔🤔

Rarible is introducing new blockchain aggregation tools to compare NFT prices across multiple marketplaces. Users can browse & purchase Ethereum digital assets from #Rarible, #OpenSea, #LooksRare, #X2Y2 & #Sudoswap.

Plan accordingly and always build your brand and startup on land you own. Meaning that you should build your brand on a platform like Shopify or WordPress. This shelters your brand from the whims of any one Marketplace or Social site.

Many of today's NFT marketplaces will be made obsolete or relighted to the back end as...

"The Metaverse is the Marketplace" -🍌🐀

This is why you always want to build on land you own. On platforms like Shopify or a hosted WordPress site.

It can be crippling to a startup or artist if for some reason they are banned from a social channel, especially if that channel is where most of their sales are generated. And all you artists out there remember that you are the brand.