NFTs and fiat money
Interesting article in Blockworks regarding the pricing of NFTs and more importantly the growing possibility and ability to price and pay in fiat currency.
Naturally, the FIX00 project sees that as nothing but a positive. Opening up this nascent digital market and making it easier for more people to participate is nothing but positive for the market as a whole and mainstreaming it.
We will allow you, dear reader, to view the article at your leisure:
NFT Artists Struggle To Price Mints Amid Crypto Crash
https://blockworks.co/nft-artists-struggle-to-price-mints-amid-crypto-crash/
"Allowing mints to be set in fiat is becoming a trendy solution to the volatility of the NFT market. Mastercard and Stripe both launched initiatives to integrate their payment services with NFT marketplaces this year. The companies aim to disrupt the system of NFTs being exchanged between wallets."
We mentioned this development before and how positive that is for the NFT marketplace.
As we have heard in multiple AMA's those in the cryptoverse understand we need more ppl coming to the space, and thus allowing direct fiat payments is absolutely a positive (and another reason NOT to rely on stablecoins is always good news).
The NFT marketplace comes with growing legal acceptance and framework for smart contracts in multiple countries and jurisdictions. Thus guard rails for consumers and issuers.
The NFT marketplace has clarity and increasing interoperability plus the increasing ability to deal directly with the real world with fiat rather than an opaque bridge structure.
That's a significant advantage compared to the markets for cryptocurrencies/stablecoins.
FIX00 is in the right place, with the right product.
For a short overview of the FIX00 project 🙂 please use this link: The Start of something new
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