fadetocrypto

Bitcoin NFTs will become bigger than Ethereum NFTs.

Building omnichain applications at /woofi | break things, kill all frictions and abstract complexity


1. all bitcoin NFT data is on-chain
2. NFT trading is high friction by nature, so the current NFT trading experience on bitcoin layer1 isn't too much different from Ethereum
3. NFT value comes from the base layer, that's why NFTs on Ethereum worth more than L2s. and bitcoin is the most valuable decentralized network

most 10K NFTs are still like collectables for flexing and culture. expensive transaction is a feature not a bug with this type of things. we might see things like pudgy to get its value from utility e.g. IP rights.

Sounds expensive, transaction wise.
I think we'll see a high value NFT on a stage 2 L2 (arbitrum, probably) some time in the future, and that will be the real starting point for NFTs on L2.