Take 2: First own digital gold (BTC), then own a piece of a new digital banking/cloud computing system (ETH), other cryptos enable you to own a piece of the internet products and service you engage with, including creators work (NFTs) and eventually, platforms big as Twitter
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@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.
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.
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.
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 :)