Art Blocks is an NFT platform driven by generative content. Creators immortalize an algorithm on the Ethereum blockchain and then collectors mint tokens that represent the results of running that algorithm.
A lot can be said for this decline or just summarize it as ‘’just another hype’’.
What makes $Rari special is that there is already a functioning product behind it, which is really rare for crypto projects, however it has failed to provide even the most basic tokenomics resulting in the only use case for the coin currently being to be dumped on Uniswap for ETH. A case can be made that it’s also useful to vote. That could partially work if the voting system was meaningful and not that slow process that takes forever, for changes to be implemented. Kinda beats the purpose when the results or benefits are so slow and indirect.
Now, please don’t get me wrong, I love $Rari as much as the next guy, unless the next guy of course is Whaleshark, but we are in some desperate need of tokenomics and news.
Simple mechanisms that can be instantly applied and provide value in the ecosystem.
Now Rarible the platform has been facing constant stability problems with core/basic functions malfunctioning on a day to day basis. User base has significantly declined, and illicit activity is rampant.
The team constantly highlights how buried they are in DMs and how little staff they have.
Some changes are necessary fast.
I love the whole concept of a community governed marketplace but in this case it is better to describe my feelings as tough love, since I fail to see any real steps taken towards improvement.
This past week we didn’t even have a vote to do with rari.