Adidas just made 22million in an afternoon from a NFT mint. That’s going to become parasitic faster than you think. There is nothing stopping corporate brands from continuously creating ‘unique’ NFTs, front running and botting the minting, immediately cashing out to fiat, just to repeat that for years while only using DeFi buzzword to drive sales.
The entire structure of their businesses is counter to decentralized ideologies - they have profits and share holder driven moves - did everyone forget Nike and Coca-Cola are part of major business groups lobbying Congress to weaken bills that ban imported goods made with forced labor?!
If we give corporations that lobby against human rights our crypto, it’s a step backwards towards a better financial future.
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