NFTs are awesome.

Today I sent a unique, programmatically generated artwork to people who supported me in getting @variantfund off the ground this yr.

A token of appreciation.

artblocks.io/project/5
I worked w @jeffgdavis and @artblocks_io to create the limited series "Variant Plan F01Y20."

A randomized hash string determines a unique layout and color placement which makes each NFT the recipient's own.
I'm personally drawn to on-chain generative art because it feels like a native expression of this new medium, smart contracts.

The community @artblocks_io is all about this, and Jeff really nailed it with something bespoke for @VariantFund
What happens next?

It'll be interesting to see if these permissionless NFTs make their way to markets like @opensea, @rariblecom, @withFND etc...or whether the community HODLs.

Will recipients flood the market with Variant Plan secondary?
In 2021, I believe NFTs will reshape the relationship between creators and their audiences.

In the Passion Economy, that is increasingly a relationship of patronage.

In the Ownership Economy, it will be one of aligned incentives: patronage+profit...
...this is a powerful combo and I expect it will transform much of social in the near future.

Thanks, Crypto — the most market-driven way to build community and network effects :)

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More from @jessewldn

18 Dec
@spencernoon has stewarded (and backed) an incredible community of builders by championing data driven insights, and creating venues for builders to do the same through @OurNetwork__
He's done all of this as a solo investor in FL—long before it was cool/the new Silicon Valley—a testament to crypto's decentralized, internet-first culture.
Read 5 tweets
7 Dec
NFTs are very early in the irruption-installation phase of Perez' hype cycle.

I'm optimistic they are going to work with mainstream audiences, but what is the wedge?

If I had to guess, it'll play out as follows 👇
1/ Irruption becomes frenzy alongside the backdrop of a crypto bull market. Digital artworks sell for $MMs, grabbing headlines, creator and collector attention.
2/ Developers rush in, building new marketplaces and experiences around issuing, collecting and trading NFTs.

This is clearly happening right now. New marketplaces and subniches are popping up daily. My fav as of late is @artblocks_io for generative art.
Read 8 tweets
7 Dec
A few thoughts on @mirror_protocol:

1/ Being able to "invest in whats in the fridge"—brands whose products and services are used or recognized globally—is now globally accessible, as it should be.

Buy $mAMZN, $mTSLA, $mGOOGL from anywhere.
All synthetic assets created on Mirror are "reflected" on Ethereum, tradable via Uniswap:

eth.mirror.finance
So DeFi is happening elsewhere, but assets flow to Ethereum for DEX & composability.

This is early signal that Ethereum's role as the settlement layer in the "layer cake" is solidifying.

Read 6 tweets
3 Dec
📢 RFC/POLL: Uniswap Grants Program v0.1

A proposal for funding @UniswapProtocol ecosystem development with grants from the UNI treasury.

Authored by @VariantFund (me) + @nkennethk (EF grants coordinator)

Please comment and/or poll yr feedback!

gov.uniswap.org/t/rfc-uniswap-…
tl;dr

The mission of the UGP is to provide valuable resources to help grow the Uniswap ecosystem.

The plan is to start small by, for example, sponsoring hackathons—but with an eye to growing impact over time (with renewals approved by gov)

Eventually, fund core dev work!
A grants program is a by definition a subjective process — it can't be easily automated.

So we propose a small committee of 6 members—1 lead and 5 reviewers—to deliver an efficient, predictable process to applicants.

Efficiency is a driving principle of this MVP!
Read 6 tweets
1 Dec
Minimizing governance is a goal of crypto protocols, but for necessary & subjective inputs/decisions, leadership can be more efficient than voting.

@c_spelliscy & I explored how crypto founders might continue to lead, alongside compliant user ownership.

variant.fund/leadership-in-…
tl;dr

Where a network is sufficiently similar to a cooperative, its possible a team can launch a token and decentralize ownership, while continuing to lead their project—without fear of violating securities regulations.
IANAL and this post does not provide a comprehensive legal analysis.

We are flagging this argument for further consideration in the hopes that crypto teams will consider them with their own counsel :)
Read 15 tweets
27 Oct
NFT is a new file format, for a file you can't copy.
copy/paste JPG ✅
copy/paste NFT 🚫
this isnt some weak DRM shit you can crack.

this file type is enforced by the mf blockchain!
Read 8 tweets

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