Tech Brew Ride Home (TWTR SPC) NFT Struggles, Google Stadia And New Kindles
Oct 1, 2022
Aidan Fitzryan, a crypto market reporter from The Information, and Art Sabintsev, an iOS engineer at Pocket Network, delve into the complexities of the NFT world. They discuss the ongoing struggles of NFT trading amid the crypto winter and Apple’s App Store policies that hinder innovation for developers. The duo also critiques Google's Stadia, questioning its long-term viability in gaming. They explore the evolving landscape of venture capital influenced by AI and blockchain technologies, highlighting the pressing need for new business models.
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Crypto Winter's Broader Context
- The current crypto winter coincides with a broader economic slowdown.
- This makes it different from previous crypto winters, which were isolated events.
NFTs: A Rapid Boom and Bust
- NFTs, unlike other crypto assets, experienced a rapid boom and bust cycle.
- This suggests a potential difference in market dynamics compared to traditional cryptocurrencies.
Sustained Interest Despite the Downturn
- Despite the crypto winter, traditional companies and brands haven't abandoned NFTs or Web3 initiatives.
- This continued engagement suggests longer-term interest in the technology's potential.