1/ Today we released a report on Crypto Art. We shed light on an eclectic mix of the artists contributing to the growing ecosystem. We provide an overview of the marketplaces currently available, as well as brief commentary on how we think things could evolve.
2/ With the recent advent of yield farming across virtual goods protocols, we expect competitive dynamics to heat up as the battle for market share comes to the fore.
3/ Alongside the fight for a podium spot across generic marketplaces, there are opportunities for more specialized platforms to dominate certain niches.
Crypto provides the tools to form robust microeconomies around smaller communities, which we believe creatives should embrace.
4/ One of the appealing aspects of Crypto Art more broadly is that nothing needs to be built for the core value proposition to be delivered upon—it already works.
5/ As the talent pool reaches critical mass, the gravitational pull of this compelling distribution and monetization toolset is beginning to exert itself on the digital art scene at large. Artists have historically been pioneers, risk takers, and sought to push the envelope.
6/ That characterization seems to be continuing as they embrace this new chapter...
For collectors, curators, and investors, unprecedented ease of access has been unlocked, as well as new dimensions to what is actually doable.
7/ The programmability of crypto artwork enables an entirely new design space for us to explore.
8/ Platforms such as @AsyncArt are even beginning to augment the very relationship between creator and “consumer” in interesting ways, as interactive aspects of the creative process are surrendered to art owners.
9/ This asset class is notorious for its various informational, geographical, and cost frictions. We are seeing a massive streamlining of all of these components.
10/ Instantly verifiable provenance, information transparency, globally accessible markets, and the resulting cost reductions make this a genuinely exciting arena.
11/ The social component underpinning all of this is giving birth to robust and engaged communities whose evolution we are excited to track.
Last night, 12.3 million concurrent players gathered in Fortnite to watch Travis Scott debut his new album. For context, that is almost four times bigger than Rod Stewart's Copacabana Beach—the largest concert ever on NYE 1994.
2/ In order to facilitate such an operation, all other game modes were disabled in the hour run up to the show beginning. Users were encouraged to join lobbies 30 minutes before the scheduled start time in order to guarantee a spot.
3/ The digital equivalent of queueing outside the venue proved to be rather more enjoyable, as players chased each other around a beach and constructed massive structures looming over the stage. Suprisingly, there were no contraband checks either—security was a breeze.
1/ Bitcoin is the unstoppable force that obliterates immovable objects. Never before have we seen a self-reinforcing technology of this calibre. Its incentive mechanisms effectively guarantee its inexorable improvement.
2/ It is an infectious three headed beast; technological, economic, and ideological, that consumes all in its path. In order to break its steadfast economic equilibrium, a catastrophic system failure must occur. With every second of continued operation, this becomes less likely.
3/ The Demand for SoV➙Price Increase➙Increased Mining Profitability➙Increased Hash Rate➙Greater Resilience➙Bitcoin Survives Longer➙Repeat. The Beast suffocates almost a hundred years of Keynesian tradition like a powerful Katabatic wind.