November 09, 2023

The Chopping Block: Did Blur Cause a Decline in the NFT Market? - Ep. 567

1 hour 6 minutes

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, they explore the enigmatic 'unhinged scale' metric, consider whether recent layoffs could have been anticipated, and examine the challenges facing the NFT market. They also provide a somewhat critical look at the events of the recent BAYC Apefest and share their takeaways on how Solana survived the Sam Bankman-Fried and FTX fiasco.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights:

What the unhinged scale metric is and why SBF ranks the highest in that metric

Whether the companies doing layoffs could have predicted the market moves in a better way

Whether people and the press are being too harsh on the companies reducing their workforce

How the NFT market is a much harder environment than everything else, given the extreme volatility

Whether the model used by Blur caused the value of NFTs to go down

What’s more important in the NFT market: the supply or the demand

The BAYC ‘Apefest’ that caused eye damage to some participants and whether someone sabotaged the meetup

Tarun’s takeaways from the recent Solana conference in Amsterdam

Whether the people who survived the Solana market crash are like ‘cockroaches after a explosion’

Why Haseeb believes that Solana represents the most incredible story in the history of Layer 1s

Whether crypto gaming studios should focus on building ‘dumber’ games rather than AAA ones

Why “nature is a Ponzi scheme,” according to Tarun

Hosts

Haseeb Qureshi, managing partner at Dragonfly

Robert Leshner, founder of Compound

Tom Schmidt, general partner at Dragonfly

Tarun Chitra, managing partner at Robot Ventures

DisclosuresLinks

Previous episodes of Unchained and The Chopping Block debating NFT Royalties:

The Chopping Block: Two on Two Debate: NFT Royalty Throwdown!

Are NFT Royalties the Way? How to Build a Sustainable Creator Economy

Decrypt:

Ava Labs Confirms Layoffs, Affecting 12% of Avalanche Studio's Employees

Did Blur Really Crash the NFT Market?

Cryptotimes.io: Blur Jumps Nearly 30% Within Days While OpenSea Layoffs

Cointelegraph: OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch

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