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Opensea’s head of product was caught entrance operating the general public to purchase and promote NFTs utilizing inside knowledge, and this may occasionally truly be solely the start of their worries.
On this video I discuss in regards to the latest allegations of “insider buying and selling” at Opensea, which is the most important NFT market on the earth and the place secondary trades occur for many prime collections on ethereum (bored ape yacht membership, meebits, cool cats, and many others.). I clarify how Opensea works as a result of there appears to be confusion round that, and the way a lot of it’s truly centralized, after which I focus on the approaching wave of decentralized opponents resembling Shoyu (made by the builders behind Sushi Swap) and the way we may see these alternate options rise quicker than most individuals assume due to the “cash legos” philosophy. Full disclosure I purchased $SUSHI to make a small wager on Shoyu.
These various decentralized options have potential however I additionally contact on the draw back which is their publicity to the DeFi area, which is getting plenty of warmth from regulators proper now (Coinbase, Block Fi and Uniswap particularly).
Observe me on twitter: https://twitter.com/GiancarloChaux
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0:00 what occurred?
2:13 Opensea: what you may not know
3:25 the issue with OS good contracts
4:22 CEO speaks
4:42 tbf OS has offered plenty of worth
5:15 the approaching wave of opponents
5:43 SHOYU
7:14 I am shopping for $SUSHI
7:54 cash legos
9:24 the draw back with SHOYU
supply
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