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Zeneca: "The Market is Fed Up With the Same Sorts of Projects and There's a Flight to Gaming NFTs"
Due to technical difficulties the video quality of this interview was not up to our previous standards. Apologies in advance.
Zeneca is an NFT investor and content creator who grew his collection of non-fungible tokens from 0 to about 3,000 pieces worth millions in less than a year. He comes on the podcast to talk about how he went from professional poker player to full-time NFT trader, and what lessons from poker he has brought over to crypto.Zeneca believes the NFT market has hit a downturn amid rising crypto prices because it has become saturated with the same types of projects. He believes avatars will take a back seat to projects where NFTs have utility beyond displaying the art itself and being part of a community. That’s why gaming is setting up to be the next big movement in NFTs, he says. Still, he doesn’t believe we’ve seen a true bull and bear market yet — that will come when NFTs better integrate with DeFi and leverage comes into play. Thanking our sponsors:
Matcha, which routes orders across DEXs on Ethereum, Polygon, BSC, fantom, and Avalanche to provide the best possible prices without taking any commissions.
Tracer Perpetual Pool tokens, leveraged tokens that can be put into cold storage OR used as collateral throughout the DeFi economy without worrying about liquidation risk, or margin requirements
Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools here!
Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
Integral is a new DeFi primitive and OTC trading protocol built for large crypto trades. Join the waitlist for a new version launching in Q4!
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