derek_xyz

We’ve all heard it around NFTs everywhere, that magic buzzword that makes investors ape into the newest collections: “Utility”.

But ask any NFT collector what they mean by utility and you’ll get a variety of answers equivalent to the number of collections out there!

🐒 Some follow the BAYC model and provide exclusive communities, perks for future drops, ticket access, etc.

👜 Some follow the Faceless-Couture model and add physical merchandise drops connected to their roadmap

🏡 Some follow the Sandbox model and provide digital real estate tied to each NFT

🏛 Some follow the DAO-model of governance allowing holders to vote for organization decisions

What types of utility do you look for when researching NFT collections and communities? Vote and comment on LinkedIn⬇️

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Why I’m bullish on Avalanche ($AVAX) in 2022🔺📈

• Low fees, high speeds (4,500 transactions per second)

• EVM compatible

• Plans for integration with Cosmos

• Avalanche’s X-P-C Chains structure is super scalable

• Apricot Upgrade — eventual pruning will help decrease size of blockchain allowing for more decentralization…

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Why is it always those in the financial sector who attack decentralized finance #DeFi for being energy-intensive?

Let’s disregard the energy inefficiencies of the banking system really quick and focus on crypto models versus something small like a Visa Credit Card transaction which uses 0.00092 kWh.

This is actually a…

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derek_xyz

derek_xyz

Researcher @ The Rabbit Hole | Associate @ the Rines Angel Fund | VP @ UNH E-Club | UNH Honors Student | DeFi + Web 3.0 Enthusiast 🚀💡