(⬆️ Screenshot from a market on Foundation) I was speaking with Kayvon, the co-founder of the culture stock exchange Foundation. We were discussing the pros and cons of purchasing and selling NFTs with ETH or stablecoins, like DAI. Kayvon strongly feels that using DAI is the way to onboard the masses, but I was arguing for ETH. It wasn’t long before I realized that I didn’t have a strong enough argument as to why I preferred ETH, I just did. This inspired me to examine the advantages and disadvantages of using DAI versus ETH in NFT markets.
Great piece Andrew, thanks for sharing. I hope that the question of using ETH, DAI, BTC, ZEC or any other cryptocurrency for payments will soon be solved. I'd envision a future where liquidity is pooled cross chain (think AMMs e.g. Balancer, Uniswap) and sender as well as receiver can set their default preferences. The swaps happen magically in the backgrounds.
Great piece Andrew, thanks for sharing. I hope that the question of using ETH, DAI, BTC, ZEC or any other cryptocurrency for payments will soon be solved. I'd envision a future where liquidity is pooled cross chain (think AMMs e.g. Balancer, Uniswap) and sender as well as receiver can set their default preferences. The swaps happen magically in the backgrounds.