Dapper Labs (Crypto Gaming) Launching "The Warehouse"
NFTs exploded this year and with it came with of the largest rallies ever. That rally is far from over as people continue to buy NFTs, Mine crypto and earn crypto in various ways. While yes the markets have slumped a bit they are still Far higher than they where just a year ago this time.
What we know for sure though is that some of these cases are going to dry up fast. Many new NFT projects are what I consider cash grabs. The thought of buying a NFT and reselling it for more is on the forefront of many minds instead of wanting to own that NFT. This will eventually blow up and die no matter how many ways you want to come about it it just will simply lose it's hype and be replaced with something else.
Dapper Labs is best known for one of their most successful launches which was the NFT hit NBA Top Shot which features clips of games. One of the biggest sellers was a slam dunk from LeBron James.
Genies is a start up NFT storefront which is hoping to pave way and be one of the go to marketplaces for web3 digital identity. This is done by allowing users to create animated avatars and outfit them with crypto accessories.
The Warehouse however is a new platform that just launched today to a limited amount of people and will gradually open up in the months to come. This marketplace will allow people to buy digital accessories for their avatars on the Flow blockchain.
At the start these items will be placed on the market for $20 each or less. However that doesn't mean they can't be resold for much higher. Dapper however is just ONE of many blockchains starting to expand their applications and NFT collections. Wax and Solana for example are exploding in this marketplace in particular wax who is best known for their NFT gaming marketplace above anything else.
It seems like more and more of these blockchains are trying to outdo one another instead of working with each other. While short term this might prove to be effective if they are able to launch a dapp that catches the world by storm I feel in the long run it's doomed for fail as they are simply trying to reinvent the wheel that's already been churning for the last year.
When you've been in business for long enough you can start to see a pattern such as this happening with anything new that comes about and gets hyped up on. You have the main players and then the secondary that try and do it better and wont work with anyone else. This creates a walled off and eventually stagnate chain that might do ok but the growth simply will phase out. Will this be the same for the flow blockchain?
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