hi everybody welcome back to the network i'' m. third guy jack as well as today we'' re speaking nfts solana nfts and the future of them if you guys like.
the material please like subscribe and as always this is not financial suggestions so to start.
with i believe the inspiration for this video was that i mosted likely to go implied a solana-based.
nft that i was whitelisted for i had uh the possibility to mint up to 50 of them and.
obtain some unusual ones right out of eviction uh to be guaranteed rarity for a project that i believed.
in um and i mosted likely to go press the mint button there were numerous reasons that i ultimately didn'' t and i. wish to chat via those factors and why i believe eventually the future of solana nfts could be in.
risk simply as a result of what i experienced um so i went to go minty'' s nfts i am big on nfcs i. live and breathe it every day in addition to crypto and also uh just stay up to date this was the.
initially like genuine solana nft that i went to mint as well as i went to go minton and also i had.
no solana in my budget i had i and i didn'' t intend to go through the rigmarole.
of placing it in there and i was like when i started believing regarding it well if i did do that.
i did go transfer my ethereum into my salon i go get it after that placed it right into my pocketbook and afterwards after that.
all these you recognize nfts that i'' m whitelisted for um specifically this this launch.
was a trading card based video game that will not be until later this year that you can.
actually use the cards um in a p2e sort of video game for several reasons there i think there was simply a.
whole lot of hurdles for me to not ultimately click the the men switch i believe solana has actually gone f uh kind.
of for the pc gaming element simply since there is a reduced uh the transaction rate is reduced um you.
can indicated more for less costly um to make sure that'' s helpful for players and individuals that are trading card games.
or desire to mint a whole lot or trade a great deal at one time um however the individual base is not there for solana.
as well as the markets are limited so for example this is beauty salon art which fairly is simply very.
standard there'' s not a great deal of sales that are taking place big mistake is that they'' re putting the day-to-day.
sales of what is you know is occurring on hair salon art as well as it is fades in contrast to openc and also.
other ethereum based kind of marketplaces um to make sure that'' s not extremely good for solana adoption uh i. do assume that it ' s terrific that uh the transaction rate is so low that permits people uh the access.
indicate be there for individuals that are uh might not be able to financially manage an ethereum.
based uh nft nonetheless for solana the future of solana i believe it has one major um concept and there'' s. one main factor why i believe i ' m having a tough time purchasing into celina-based nfcs is since i.
put on'' t believe they ' re mosting likely to be around forever i don ' t believe that the user base'is there and also i ' m. a believer in what ' s called the network impact and also i wish to discuss that momentarily so.
the concept with the network impact is that as a network of individuals or a growing number of people.
use something they include worth to it simply by utilizing it comparable to the internet um you recognize facebook.
things like that the amount of users that get on ethereum doing ethereum based nfts compared to.
solana based nfts is without a doubt as well as away a lot of the individual base and also exchanges are taking place on.
ethereum regardless of excessively high gas costs regardless of every little thing that is incorrect with ethereum in regards to.
scalability and blockage the unfavorable sides of the network result ethereum is still triumphing.
by a large margin has a the majority of the facilities it has the decentralized applications.
it has a user base and also in the safety as well as i do believe that when ethereum 2.0 launches.
i do think there will it will certainly be successful i do think that they'' ll be able to reduced.
the deal costs i do assume that they'' ll um merely because there'' s the quantity of. individuals that are utilizing it as well as the amount of it was it was the first moving company it is built out the.
facilities exists people can understand it there'' s already so lots of hurdles to understanding.
this whole realm that to produce an entire one more pocketbook get in a whole one more ecosystem um that.
is different from the main one that exists doesn'' t quite make sense also if you understand provided given a.
a connecting option was possible later on i do think that inevitably every little thing will be on.
generally one network and you would hate to have an nft collection that is not operable.
or is has obstructions to make use of or sales or audience or viability um just based upon the network.
that it'' s utilizing so i do think that we ' ll proceed to see noticeable projects continue to.
usage ethereum in spite of the inflated gas fees which eventually the network impact.
will certainly triumph as well as that solana-based nfts uh by you understand type of proxy just be uh.
much less useful merely due to the fact that they'' re on another network that isn'' t uh doesn ' t. have as wired of a user base or adoption um unless you can be unbelievably niche unless.
it actually does have like the gaming market and also goes extremely deep in that in that market i.
don'' t know i wear ' t see the long-lasting stability of lana-based nfts like i
said for the reason. of the network effect to make sure that remains in a you recognize long story long sort of method why i didn'' t end up.
mincing a uh a task that i think in you recognize and also as well as a group that i believe.
know solana it was that simply was bothersome and also i put on'' t see long-lasting.
um feasibility of the network in general so regardless of the task being solid.
regardless of the group being solid i uh ultimately don'' t think in'sonnet it ' s. a great deal of'nfts um doesn ' t necessarily make me ethereum maxie you recognize a great deal of what i said is.
is a little bit ethereum maxi-based yeah i do believe that inevitably ethereum will win out as well as that a lot.
of the problems that are plaguing ethereum will be settled if solana had an opportunity.
to profit from the shortcomings of ethereum this is it and it'' s not taking place so uh those are.
my thoughts what are your thoughts on solana based nfts uh do you think uh they'' re gon na be about.
for a little while are you using solana-based nfts allow me know in the remarks listed below if.
you individuals like the material please like and subscribe and also as constantly make sure.
and i will certainly see you in the following video.