Fire Protocol PriceFIRE

so I'm casually working on a piece to share my personal thoughts on the current NFT PFP market + a beginner’s guide to enjoying the "nft community)" although it's been repeatedly delayed due to extreme workload at work (lol) but here's the rough outline should this interest anyone (plz plz): tl;dr: - The NFT PFP market is almost equal to the luxury watch market (h/t @MINHxDYNASTY for the fundamental idea as usual) - Should there ever be an alt szn, demand for PFPs naturally will rise and high chance through the previous ath (I mean btc is ath right - although no one believed) - They also function as a form of leveraged investment on L1 tokens like $ETH, $SOL, and $HYPE (while it WILL go the other way around too lol) - So if you believe in the alt season, it's certainly worth looking into the old and the new Web3 IP's and how the leading mindshares are flowing around onchain (prob @KaitoAI will be also important in this cycle) - 1. Recent Trends - It seems like even crypto newcomers are willing to spend up to around 1 ETH now. - For example, @GoodVibesssClub is apparently leading this trend (will it ever "flip @doodles" now? ;)) - Of course on the lower end, there are second-tier brands of major IPs like @Azuki Elementals around 0.2 ETH. These certainly become good entry points for the newcomers in particular. - But my humble thought is that the cheaper the PFP, the less emotional attachment people tend to have to it… 😅 (again, like how you feel about your favorite watch or your luxury bags) 2. The Next Step Up - Once you're in, your standards tend to rise quickly to something like Azuki (~2 ETH) or even @HypioHL from @HyperliquidX. - I guess once your crypto portfolio passes the $10k range, you start rationalizing some of these purchases as a kind of staking - “just locking it in.” - And once you're this, you can never go back (the addiction starts lol) - For instance the @Solana lovers might pick up something like @MadLads just as a flex after making a big bag in the bull run - Especially if you’re attending a Solana event, you will see so many fire @Backpack merch too - naturally you may find yourself on @MagicEden back at home 3. At the Top - There’s @BoredApeYC, often brushed off easily, but it still has a floor price of 13 ETH (never fade the best club) - As mid-range PFPs gain popularity, the "OGs" who forgot they had these and may start looking for new ways to differentiate themselves. - But again, when you’re not interested, you’re never interested.. again just like the luxury market. (didn't mention @cryptopunksnfts because it's in the realm of the fine art history.. 👑 if you're rich enough) 4. At This Point in the Cycle... - When the market gets to this level, we’ll see a flood of knockoffs and derivatives of popular PFPs (the "weak tech" that @cdixon would say imho 😁) - You will see the cool collab managers getting extremely busy and they will probably stop replying to your dm's - This will probably be above the "shoulder" in the good ol' Tulip cycle (if it ever comes.. lol) - now for an anti-thesis: Cases where people can differentiate themselves without NFT PFPs: 1. The top KOL's and well-known figures already have instantly recognizable @x pfp's like @blknoiz06 @0xWenMoon @simonkim_nft (they don't need the NFT PFPs to boost their reputation): → Plus it's easy to make the actual custom high quality PFPs with the smart autonomous bots now 2. Info-fi projects like @KaitoAI and @cookiedotfun are already very widespread (just being ranked in one of these is enough to show off social status): → We’re already in a perfect competition era of Status-as-a-Service. 3. Even low-floor, meme coin-based communities may rise without needing expensive PFPs. - When $HYPE first surged + naturally there are symbols created for their religious activities - Also (not a long time ago but..), new meme coin ATHs like @zerebro or @itsafwog gave people effectively more fun and status boost with their new PFPs minted versus the already popular ones - Wrapping up with some other minor thoughts: - The actual image of a PFP actually matters: See Yapybara by @KaitoAI. nuff said - But of course you need some fundamental values like their actual product + robust and sustainable internal/external marketing fees based airdrop scheme - Then over the long run, at the end of the day, it really comes down to...: the people behind the PFPs. ending with a not very much verifiable and accurate point but it's really the people behind the PFP's that either make the people buy or not buy the expensive jpegs → If the leading figures in either Web3 or Web2 industries are not liking/leveraging the NFT PFPs, who will? → And if there is no demand to the NFT PFPs' 1. status-as-a-servce 2. monetary leverage points, what's the existential meanining of them? (versus just creating dope shit fine arts offline or making cool 1/1 digital arts) In other words..: - Will wee see robust & scalable tech + community + business + art (?) integration like @pudgypenguins ? - Or will more look like @KaitoAI 's dashboard-first growth playbook (and make people buy more Yapybara? lol jk) - Also, as more Web2 companies explore crypto, will they prefer to collaborate with existing Web3 IPs, or will they simply create/use their own brand IPs? - Or, even maybe moves like the @moonbirds IP sale, will we see more robust M&A etc in the seemingly "good" Web3 IP's? (would love to know what's criminally underrated if this would be the case... asking for a fren) Anyway, it become very clear again... that we're still so early. so much room for growth in the market in the industry, and... I just hope I'll be at least a foot into one when the world wants our jpegs again see you on the other side! ;)

Real-world tokenization project Keeta plans to offer digital asset holders access to credit services, including mortgages and small business loans, through a new platform built for blockchain-native financial identity. With crypto and blockchain adoption on the rise, Keeta Network ( KTA ) has announced the upcoming launch of PASS, a verified financial identity platform. The initiative is a collaboration between Keeta and SOLO, a credit data infrastructure provider, according to a press release published on June 5. According to the Keeta team, the PASS platform is designed as a bank-grade, blockchain-native credit bureau with features including Know Your Customer, Know Your Business, and verifiable credentials for income and crypto asset holdings. These tools are intended to allow banks and lenders to extend services to crypto-native users by leveraging PASS’s on-chain visibility to underwrite credit. “As digital asset adoption accelerates, Keeta’s blockchain is the first to tackle the scale and regulatory overhead for an on-chain credit bureau, opening the door for lending, borrowing, mortgages, stablecoin payments, and more,” Ty Schenk, chief executive officer and founder of Keeta, said in a statement. Schenk emphasized that PASS is built to bridge the gap between traditional finance and the digital asset ecosystem. “This is the first time that a blockchain network has made real-world financial credentials, like income, assets, and identity, verifiable, tokenized, and trusted for lending,” Georgina Merhom, founder of SOLO, noted. Keeta, backed by former Google chief executive & chairman, Eric Schmidt, is a blockchain network with built-in compliance framework. The project is eyeing traction in the real-world asset tokenization industry currently on fire across the globe. Global businesses and institutions can now tokenize any assets to tap into blockchain’s massive potential, with the sector growing rapidly in 2024 to currently sit at over $23 billion . The rollout of Keeta’s on-chain credit system in partnership with SOLO will occur in phases. Verified financial profiles are expected to go live in the summer of 2025, with additional features, including a lending marketplace, stablecoin-based loan origination, and bank integrations, planned for subsequent release.

Musk Backtracks, Crypto Inner Circle Divided, Trump Backyard on Fire

The world’s on fire, so I don’t know who needs to hear this, but The Accountant 2 is streaming on Prime Video. Stay loudio.

Yo @random3637 aka #SharkGuy ask this sharp to mediate a cease fire between Trump/Elon 🫣