The NFT Market is Broken, Here's How To Fix It

Nick, co-founder of Gamma, joins us to talk about the broken NFT market discovery process and how their new platform Signals fixes the ridiculous whitelist system. We dive into Bitcoin ordinals vs traditional NFTs, why inscriptions are superior to off-chain storage, and how auction-style price discovery creates fairer markets for creators and collectors.

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Notes:

• Tens of thousands of Bitcoin nodes store inscriptions

• 2021 marked peak NFT hype cycle craze

• Most NFT data stored on centralized servers

• Signals uses auction clearing price model

• Bitcoin inscriptions permanently on-chain

• Traditional NFTs just track ownership

Timestamps

00:00 Start

00:49 Inscribing Vegas conference

02:47 NFT market currently

05:45 Market participants

11:44 Why are Ordinals & Inscriptions interesting?

20:36 Arch Network

21:08 Price discovery (it's harder than it looks)

29:09 Signals Art

39:54 Blockspace

40:43 Is a market equilibrium possible?

45:05 Wrap up

47:53 Invite code #BS2

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👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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