NFTs
Have you talked about NFTs to anyone lately? Odds are you got a funny look and an invitation to get with the program...
Pfff, NFTs died in 2021 bruh
This article by The Guardian explains what NFTs were as if it were a nature special on some extinct Australian creature narrated by David Attenborough.
Yet use cases for NFTs are still developing in 2024.
NFTs in DeFi
If you've visited Uniswap V3 lately to add liquidity to a liquidity pool, you might have noticed that when you add your liquidity pair tokens, say UNI and WETH, you'll receive a liquidity provider (LP) NFT just like this one:
This is done, according to Uniswap, to store all the data of the liquidity postion:
Nonce (used for tracking permit nonces)
The operator (normally a 0 address)
Token0 address (address of the first token in the pool)
Token1 address (address of the second token in the pool)
The pools fee tier (the chosen fee tier of your pool)
The Lower Tick (the low price boundary of the position)
The Upper Tick (the upper price boundary of the position)
Your liquidity value (the value of the liquidity in the position)
feeGrowthInside0LastX128 (used for Fee tracking on token0)
feeGrowthInside1LastX128 (used for Fee tracking on token1)
tokensOwed0 (only used as a temporary value)
tokensOwed1 (only used as a temporary value)
So NFTs are being used more and more in DeFi.
NFTs in art and music
NFTs are also a vehicle for artists and musicians to release a curated collection, a track or an album. Such is the case of websites such as NFT TUNZ
Blocktunes
and NFT Showroom
What about "SocialFi" or "DeSo"?
You probably heard of Friendtech, a platform that enabled community members to purchase specially designed keys for their favorite creators. As it happens with many crypto fads, early adopters/founders rode the hype wave and dumped on newcomers, who were left holding their worthless bags three weeks after launch.
Ask anybody who dabbles in crypto what they think of DeSo, and they'll most likely answer
Dead.
Of course, YOU could have found this article from a link in an INLEO thread, on PeakD, Ecency or perhaps another front end for the HIVE blockchain, and YOU know that incorporating the financial aspect into social platforms is just getting started.
Lions, as INLEO community members are known, almost always have a Threadcast that accompanies an X space. The threadcast serves as a text-based place for the audience to interact with the hosts and get rewarded or exchange value with other audience members for their valuable comments (value-for-value).
Some threadcasts, such as the one held for the weekly Community Token Talk Podcast (@cttpodcast), has a live contest for the audience to design the thumbnail for that particular episode. Users will submit entries and a winner is selected among them. The coolest part is that everybody gets rewarded for participating.
So why do so many people think NFTs, DeSo and GameFi are things of the past?
A lot of people got rekt during the hype cycles of NFT projects, another bunch of people got burned with a rugpull coin project and another bunch of people lost their savings buying land in a deserted metaverse.
All these events gave the words "DeSo, DeFi, Metaverse, NFT" a bad connotation; maybe even triggers a gag reflex for some.
and we need to break away from it by just using the tech as we would any normie tech.
Let's just participate in X Spaces and make insightful comments in the threadcast.
Let's just hang out with friends and write interesting and educational blog posts and engage with our audience in the comments section.
Let's participate in the Vibes weekly open mic and post our entry on web2.
Let's pay at shops that accept #bitcoin as payment using Keychain + v4v.
And let's do all of this without any of these buzzwords that make us sound like shills or members of an elite group of techies.
Pretty soon we might have folks using the tech without knowing it, and then....
Then we'll have mass adoption.
