Home » SuperRare Co-Founders Explain How the Merge Will Shape the Future of NFTs

SuperRare Co-Founders Explain How the Merge Will Shape the Future of NFTs

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The Ethereum merger is still fresh.Less than a month has passed since the incident Second largest blockchain switch From energy-intensive proof-of-work verification mechanisms to proof-of-stake, it reduces energy consumption by 99.5%.

However, the context reveals the magnitude of this change. In the summer before the consolidation, Ethereum consumed about 60 terawatt hours (TWh) annually, roughly equivalent to Uzbekistan’s annual energy needs. It also means that the blockchain carbon footprint is comparable to Azerbaijan, emitting about 33 Megatons (MT) of carbon dioxide per year.

Look at the graph below. See the part of the line plummeting to the bottom? This is the impact of the Ethereum merger on Sept 15th. Ethereum currently uses about 0.01 TWh of energy per year. below paypal In terms of annual energy consumption. One of the main concerns about blockchain technology (and NFT with proxies) is that its environmental impactconversations about the future of NFT ecosystems in the post-merger landscape have become much more sustainable and therefore productive. was opened new disruptive technology.

Via digiconomist

Atmosphere of the Condemnation Premage

Much remains unresolved. And while it’s still too early to say with certainty how the consolidation will affect the Web3 landscape in the long run, some are beginning to see hints as to what the immediate impact might be. .

Jonathan Perkins, Chief Product Officer and Co-founder of SuperRare Labs, said in an interview with nft now: “I agree that most of the criticism was misplaced and I think most of the intentions are wrong. [behind them] I’m glad. I am an environmentalist and am very happy to have made the switch to Proof of Stake. “

Perkins, along with co-founder and SuperRare Labs CEO John Crain, are well aware of the controversy in the NFT space. In 2018, he launched the SuperRare platform, and the pair have seen all sorts of criticism against the Web3 platform and the artists who use it. Until the merger, these accusations became increasingly bitter.

“We started looking […] Artists are demonized and attacked online in extremely offensive and traumatic ways. “

Jonathan Perkins

“As a company in this space, we are used to having a lot of stuff on our chin,” Perkins continued. “But what we have started to see over the last year is that artists are being demonized and attacked online in very aggressive and traumatic ways. That’s when we decided we really needed to come out and help clarify this. I was. I am also a bitcoin fan, but from day one the Ethereum community has set itself apart, making it clear that they are using proof of work as an intermediate step in getting this network on track and proving it. I think you are. concept.but the goal [was] Less energy consumption. I am very proud of that community. “

This is one of many examples of how the spread of misinformation online can have a tangible impact on people’s experiences. Blockchain and his NFTs have long been hailed as inherently artist-oriented technology. This is something that helps to piece together the vile “starving artist” trope that has plagued society for hundreds of years. The last thing creatives want is more unfair accusations. Thankfully, the merge cut this kind of attack significantly.

Why integrated optics are important for onboarding

This merger may be one of the reasons for the increased activity of platforms like SuperRare. Get rid of the main concerns (justified or not) that many have had about the Ethereum blockchain. That way, people who have long wanted to participate will finally feel they can participate without feeling guilty.

SuperRare Labs CEO John Crain said in an interview with nft now: “I think the merger is part of it. There were some bystanders who read the headlines and wanted to wait until Ethereum was Proof of Stake before minting things.”

This increase in activity could bode strongly for the future of the Ethereum chain and the myriad of platforms and apps built on top of it. The SuperRare founders have also caught the winds of general narrative change in the NFT ecosystem, moving away from an ecosystem dominated by PFPs and collectibles to a more inclusive environment that is more appealing to those in the fine arts sector. is moving to

“There is truly an art revolution going on. NFTs are a powerful base layer technology and are positioned as the foundation of digital art.”

John Crane

“In general, activity is picking up,” continues Crain. “We are starting to see real traction from the more traditional art community. And I wouldn’t necessarily attribute it to a merger. Even without it, we are seeing world class galleries and artists who are seeing the power of technology.There is truly an art revolution happening.It’s not just Bored Ape Yacht Club.NFT is a powerful base layer technology and digital art It is very suitable as a basis for

Decentralization in proof-of-stake systems

Proof-of-stake verification is not without potential problems. For example, potential censorship is still an issue, and it works like this: The fewer validators in the system, or the larger the staking pool controlled by any validator, the more centralized the network. Due to this situation, some are concerned that bad actors could push the validator to censor her Ethereum protocol.

Crain and Perkins acknowledged the need to be aware of such censorship and advocated for more people to participate as validators to ensure a robust ecosystem.They also told whispers that SuperRare itself has become a validator among its members Super Rare DAO.

“People are very interested in running validators as a community built on community. [Ethereum] Crain talks about the desire of SuperRare DAO members to participate in proof of work verification systems. “As a city councilor, I support such a move. It would be good for the ecosystem as a whole and would be a good use of his ETH in the community treasury. seems like a very logical next step to be able to do

Decentralization has always been a moving goal in the Web3 community. The debate over when he will incorporate decentralization into the concrete rules of the Web3 platform and when he will use it as a broader guideline will not end anytime soon. The SuperRare marketplace itself has been a compelling case study over the years in trying to find and maintain this balance.

The platform has long had a reputation for curatorial exclusivity, but they have done everything they can to stay out of the way and have as much control over their users as possible. When the platform launched in his 2018, the founder decided to relinquish editorial control over what artists posted on the platform. Charles Crain, his third co-founder of Crain, Perkins, and SuperRare, lets artists create what they want without an approval process, rather than having artists contact the platform via email with the work they want to create. I made it possible.

“Crypto art has this kind of inherent polarity,” Perkins said of the decentralization dichotomy. “In the first few months of operating the platform, I envisioned that within 12 months it would serve as a gatekeeper, curators of AI algorithms filtering art. It was clear that we needed to grow [first]So we put in place the worst curatorial method of contacting artists who wanted to join the platform by phone, adding a few more each month and scaling up with the number of collectors. “

“We are increasingly delegating important parts of our power structure to communities.”

Jonathan Perkins

According to Perkins, this was a natural and necessary step in building the platform to make it more decentralized later on.

Perkins detailed his approach to building the platform over the years. “The reason was that we wanted to help launch a healthy collectibles market. There was no clear desire to be exclusive. It’s about responding to curation and credibility.”

creation of space This was one way the company sought to move out of its centralized gatekeeper role. The space is an independent gallery that curates, promotes and sells art on its marketplace, with each gallery voted into the network by his SuperRare DAO members. The pair reiterated that not all aspects of centralization are bad, and stressed the need to strike a balance in aiming for the spirit of Web3.

Perkins said of the importance of a slow approach to the problem, “There was a project that promised to complete decentralization on day one and tried to do it.” It was about 3 and a half years of experience before we officially became a DAO, we had customers, we had a lot of artists and collectors, we had a product and market fit as a start-up. And more and more, we see ourselves as the standard-bearers in this space, and we’re looking to delegate more and more important parts of our power structures to communities. I think it’s still important to have a strong voice, rather than.”

Optimism for the future of NFTs

Ultimately, the two are hopeful about the long-term health and impact that NFTs seem destined to have.bear market and crypto winters That aside, Perkins and Crain are confident in blockchain’s ability to permeate people’s lives.

“We have been building Ethereum for over five years,” Perkins stresses. “From a USD perspective, NFT volumes are declining, but we are actually seeing very strong collector activity on SuperRare. [The merge] I feel more confident and sleep better at night. This is the feather of this infrastructure cap. I met an artist over the weekend. A self-proclaimed digital artist, he had never minted anything because he didn’t want to jump on the bandwagon too quickly. I think there are a lot of people waiting to see if this technology proves itself, whether for environmental reasons or not. The more activity will fall into gravity. ”

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