There are more than 60 fungible token collections with market caps >$1B but not one non-fungible token collection with the same. 

Do you think non-fungibility is an inherently negative value characteristic or do you think that might change?

Crypto culture and markets | Newsletter & podcast: https://www.kaloh.xyz | Working on https://www.indexy.xyz

@kaloh recently shared a comparison between the market cap of Pepe coin and the entire blue chip NFT collections, and there was considerably more money invested in Pepe. Couldn’t find it to share it with you but it was unbelievable. 

As an art collector it makes me sad, but I believe even in the art space most of the money seems to be from people who have no genuine interest in the art or non-fungible aspect and are only here for the quick profit. The downfall of blue chip collectibles proved that the fungible tokens serve that purpose better.

kaloh

PEPE VS NFTS

If you are into data, checkout my new channel 👉 /onchain-charts 

https://zora.co/collect/base:0x728874b41d0c0dc4829328583ce2edc50bf603ea/1

Thank you @kaloh! I’ll save it this time. 
100 $DEGEN 1000 $WILD 🩷

Here it is 

https://warpcast.com/kaloh/0x03938486