Debunking the Interoperability Myth Powered by NFTs

Thank you, Paul. In the 1st half, I was afraid I got caught up into details (and bore people off), but I guess that evaluating one-by-one each claim coming from Web3, will always be a safe approach. 

Thank you for the encouragement and support! 

Dear Web3, You Don’t Have A Community, You Have A Cult

Halleluiah. Web3 projects and their “communities” have rather a parasitic symbiotic relationship where they just milk off each other.  

Another point that I should make here is that not all game assets are non-fungible. ERC1155 was developed in this sense, to manage both fungible and non-fungible kinds. How many other chains do you think that support this standard? 

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The industry has fixated on NFTs for some reason, because they became the most popular due to speculation and so on

Thanks for sharing your thoughts. I never through that my article could trigger such emotional response. 

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I brought different types of token standards into discussion to emphasize the fact that cross-chain compatibility is a very complex matter, even in an ecosystem that supposedly cares about it, with lots of details that must be taken care of.

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Polygon is an EVM compatible chain, allowing NFT (ERC721) minting & trading (never claimed otherwise in my article if you read carefully). It’s token is not erc20 compliant anymore (it was a rather careless misphrase that I’ve made in the last sentence & thank you for pointing it out). 

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However, the main idea was that if one network supports one ERC type, it doesn’t automatically mean that it has capabilities to support the all rest. Besides the examples already provided in the article, and because you particularly mentioned Polygon, take a look at the Plasma bridge (that supports only 721, 20, Eth and Matic, while there are plenty of other standards). There are lots of complexities and constraints when it comes to exchanging information freely.

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You can go point by point on how “ignorant” my article is. In fact, I strongly encourage you to do so as I am sure this will foster a healthy exchange of feedback and information. 

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Would you also please be able to elaborate more on what problems do NFTs solve for you? 

Denisa Ganea