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Brendan Woodward's avatar

I worry that when LiquidApps makes it possible to send EOS NFTs to WAX that the EOS NFTs will render oddly on the WAX AtomicHub Market Place (and that this will be the case for any non-native NFT on the market places of any non-native blockchain). Possible issues could be a lack of Whitelisting, the data associated with the NFT not displaying correctly in the non-native marketplaces, or some other technical issues that mean the non-native assets appear in a distorted way. This will make the NFTs themselves potentially worth less, even though they've been transferred to the WAX environment where there would theoretically be a stronger market for them.

I also worry what this will do to CryptoFinney 1.0 assets. At the moment they are holding their value well on both the EOS and WAX blockchains. This is because the Cryptowriter team seem to have struck the right note in terms of supply-side mechanics with the coin allocation system drip feeding the market in a manner that allows the assets to maintain value. When the bridge opens however, it will pave the way for 5,000 EOS CryptoFinney 1.0 assets to flood the WAX market. If the issue mentioned above regarding asset integration on AtomicHub is not an issue, this influx of supply may flood the market in a manner that devalues the existing WAX assets (and possibly the EOS ones as well).

Thirdly, EOS is still far from maturity in terms of being a serious NFT blockchain. Whilst the capabilities to support NFTs are there, the market just isn't, unless you're Cryptowriter. This gives me concern in the sense that if all EOS NFT's can be sent over the bridge to WAX, there will be nothing left on EOS, which could be a great setback to EOS in terms of further NFT innovation.

With all of this in mind I have mixed feelings about the proposed NFT bridge from EOS to WAX.

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badumtisss's avatar

Every single week and EOS has no time to scratch its back. Well we are here to do that for EOS. As a famous philosopher say each week: Go EOS! (Crypto Apologist Bot hope you are here :p).

I'm really excited for the Bullish exchange. Bull season is ahead of us, so bullish for Bullish!!

Thanks for this week's episode.

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