With the recent surge of Bitcoin we take a look back at our predictions and acknowledge the cadence that Bitcoin has in the market. Regardless of the environmental effects surrounding Bitcoin, it seems that Bitcoin has a mind of its own. The latest run has Bitcoin now going past $17k. The last time this happened was back in 2017 during the previous bull run. We then get into Decentraland's district dilemma where we describe the lack of content being deployed. MetaZone finally supports district deployments where meta-owners can now contribute their meta to districts. This means that you don't have to be a landowner to purchase and deploy a meta. This means revenue generating metas can now be deployed and revenue can be shared with districts. Big things are happening in Decentraland. Stay tuned to the end for the next event!
On this episode we collect our thoughts on what's needed for sustainability for those looking to get involved in the metaverse. There are several events happening all the time in Decentraland, but events are reduced to limited appearances rather than a persistent experience and exploration opportunities. The Decentraland community is among the most active and involved out of all the metaverses. One of the more important things the community can improve on is DAO proposals and discussion. Finally, we draw the winners for wearable NFTs for the latest Corona Zombies event.
We review the Halloween event that Decentraland launched that showcased a quest that spanned over 5 days. It showcased questing that required you to teleport to different locations to finish off your tasks. This shows that our premise that you can build a game without owning a large connected parcel. We also discuss the most dominant NFT asset class that represents over 99% of all NFTs. There's a new NFT class emerging that we consider as a productive NFT versus the well known unproductive NFT which depends on the Greater Fool Theory.
We look back on a year of content development in Decentraland. We go from a gray grid of 90,000 parcels to a fully rendered representation of actual content deployed within the metaverse (https://decentraland.icu/). We provide how it makes logical sense that all NFT minting projects will use a side chain because its a sound business decision. If a sidechain wasn't an option will it make sense for developers to keep assets off chain to avoid gas fees? We try to make sense of an NFT art being sold for $110K. We break down what's needed to sell art in the 6 figures.
How the rug pull culture is slowly eroding the morale of everyone in the crypto space. The more projects with anonymous founders the more likely a rug pull becomes more likely. The trend of an anonymous founders is a sign of the infancy of the space. We're noticing some valuable mechanics being implemented by these anonymous founders that we believe legitimate projects will implement as a justifiable mechanism. We've seen a lot of missed opportunities by NFT minting platforms using ERC20 tokens that can be improved on. Ethermon drops their biggest announcement yet, they have just acquired the Battle District which is 668 parcels! We also show off our Corona Zombie wearable in Decentraland!
Episode 86 kicks off with a discussion on tokenomics design the MetaZone platform. We discuss how we encourage participation on the platform by rewarding the creators and collectors with platform tokens. Gas fees have calmed down recently, but increasing gas prices are just around the corner. Honeyswap is a fork of Uniswap but built on top of the xDAI network. This means that swaps cost almost no gas but the downside is coins need to use a bridge for them to work on the 2nd layer. We drop in some technical analysis into the podcast to show that sometimes it does work but its an unreliable tool. Finally, the community that created the $HNY token called 1Hive.org uses a way to verify their members and one of them created Honeyswap.