The Chopping Block: Did Blur Cause a Decline in the NFT Market?

9 November 2023

in NFT

Reading Time: 2 mins read

The Chopping Block crew discusses recent crypto layoffs, whether Blur prompted a decline in the crypto market, and why Solana fans don’t necessarily talk to other people in crypto.

Posted November 9, 2023 at 7:00 am EST.

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.

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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.

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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