Nice news letter Chris. DeFi is changing how we spend, invest and interact. I am interested in web3, and the sentiment around the NFT space. OS has ~450k users and the nft market as a whole is able to hold a trillion dollar market.. how much money will Coinbase bring to the table with over 6.5x the inflow of users expected this Dec? And, honestly what is the best solution to reduce gas prices? As you know gwei is up 100 fold since August. Will it be a shift to PoS or utilizing L2s to conduct tx?
Thanks Chase. I think that Coinbase's waitlist of over $2M will bring an influx of new users to the NFT market. They make it easy, no Metamask or self-custody wallet needed; users can buy NFTs directly from their Coinbase accounts which makes it way easier for new investors in the space. Would not be surprised if there is a NFT boom when that feature goes live. On ETH gas prices, there's really no direct solution for now.... shift to PoS will make gas prices more predictable and less volatile and plans are to decrease in the future. Shifts to L2s like Polygon and to other L1's like AVAX, SOL, ATOM, ALGO and many others are definitely happening already as well so I feel it will be a mix of these. Still, with all of this ongoing, demand for ETH has never been higher and users will still pay the gas fees to use the "#1 Leader" in the dapps space. So time will only tell what will happen there!
Nice news letter Chris. DeFi is changing how we spend, invest and interact. I am interested in web3, and the sentiment around the NFT space. OS has ~450k users and the nft market as a whole is able to hold a trillion dollar market.. how much money will Coinbase bring to the table with over 6.5x the inflow of users expected this Dec? And, honestly what is the best solution to reduce gas prices? As you know gwei is up 100 fold since August. Will it be a shift to PoS or utilizing L2s to conduct tx?
Thanks Chase. I think that Coinbase's waitlist of over $2M will bring an influx of new users to the NFT market. They make it easy, no Metamask or self-custody wallet needed; users can buy NFTs directly from their Coinbase accounts which makes it way easier for new investors in the space. Would not be surprised if there is a NFT boom when that feature goes live. On ETH gas prices, there's really no direct solution for now.... shift to PoS will make gas prices more predictable and less volatile and plans are to decrease in the future. Shifts to L2s like Polygon and to other L1's like AVAX, SOL, ATOM, ALGO and many others are definitely happening already as well so I feel it will be a mix of these. Still, with all of this ongoing, demand for ETH has never been higher and users will still pay the gas fees to use the "#1 Leader" in the dapps space. So time will only tell what will happen there!