@beeple has done it

He's changed the art world forever

I thought we'd see a "major artist" embrace NFTs in 2021

someone whose name alone...

More 👇 Image
...could elevate the genre (in the eyes of the public) from curiosities to what great NFTs actually are:

artwork...

expressions on the human condition...

profound reminders we're merely blood & guts
I wanted it to be an artist who deeply impacted me in the past... a Banksy or Damien Hirst

but perhaps that was a false desire

perhaps this new domain should belong to new artists -- the ones who... when we cut them bleed 1s and 0s
perhaps it should have been obvious that our "major artist" would be @beeple

“I don’t know anything about the traditional art world,” he told the @nytimes

and yet, he's on his path to becoming one of the most important artists of our generation
he doesn't even have a wikipedia page right now

he will before this is over

for the past 13+ years

he's made a single work of art every day

some by hand, most digital

recently, he stiched together 5,000 of those works into a collage & minted it as an NFT... his opus
this morning, bidding on the NFT began at Christie's

this is the Christie's founded 255 years ago

the one that sells $4 billion+ of artwork every year

the one that has sold works by banksy and damien hirst

the one that -- like Sotheby's -- has NEVER sold an NFT before
when I look at Beeple's work, something dislocates in my subconscious

it's as if he's mashed together every American mind, daubed it in peyote and asked it to lay down on his couch to dream

you look at his works and you see the dream
you see not just the evolution of his technical abilities and personality, but the morphing of the American zeitgeist too

I don't even want to talk about what I think the final sale price will be

whatever it is, it will probably be lower & less imaginative than it should be
this moment will begin chapters in art history books for for the rest of time

right now, he's offering up ownership of a piece of his mind

and by extention a piece of our own
you don't have to understand NFTs to recognize something important is happening

you can feel it
thank you, @beeple

for being the outsider who showed the f up

come rain or shine

for 13 years

much ♥️
bidding (currently at $1.8 million) is ongoing here: onlineonly.christies.com/s/first-open-b…

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More from @redphonecrypto

13 Mar
A rambling dissection of of the $SYN failure

1. I was excited for this project for a lot of reasons... mainly bc I thought they'd incentivize liquidity on Uniswap/sushiswap for 3x tokens. In other words...

(more below)
I envisioned being able to go to Uniswap and buy 3xYFI bull/bear tokens for example. That would have made it the easiest way in the world to get leverage on just about any asset
2. The dev didn't seem to see Uniswap liquidity as desireable or possible on 3x tokens... I call bs since 3x tokens have been succesfully trading on thorchain's bepswap for months. Synlev had an opportunity to be doing the same on Ethereum instead of Binance Chain
Read 17 tweets
20 Feb
Are you an $ETH lover who feels disgusted by growth outside of $ETH?

I say you’re focusing on the wrong thing

5 years from now... maybe less... most people won't give AF what chain anything is on

They’ll buy your $ETH on Polkadot

Or maybe even a $BTC sidechain

More 👇
All chains are gloming together like Lisa’s money-saving bar of soap

But there will be a network that transmits the vast majority of the world’s value

And one factor will matter above all others on that network:

Trustlessness
It must be decentralized

It must be passably performant, yes

But there's no need for it to process trillions of tx every nanosecond because small or unusual transactions will migrate elsewhere

Another factor: the world's leading value-transfer network must be easy to build on
Read 20 tweets
10 Feb
I feel the deepest pangs for the ones who look at crypto charts, see parabolas & say we're in a bubble

they don't realize they're looking at charts that shouldn't exist

More👇
2/

such charts weren't possible before the birth of #bitcoin

such charts display the financial progression of an idea from conception

to implementation

to adoption
3/

sers, such charts cannot resemble the financial charts of the past

looking at such charts is to gaze into a black mirror where you could have bought and sold shares in Uber from the moment Uber was first conceived of as an Uberish idea
Read 6 tweets
7 Feb
Sers, what a strange, wicked, beautiful journey crypto can take us mortals on

It appears we'll soon have a tradeable $DEGEN token

It will = a basket of 10 of the fastest-growing, most promising small cap tokens in crypto

& it will run on indexed.finance $NDX

More 👇
2/

$DEGEN will be a community-driven index of small cap tokens journeying from obscurity to blue chip-dom

It will make it easy for everyone to be a degen without having to put in degen hrs and have a degen history of f’ing around in this space for years
3/

You'll simply have to buy $DEGEN to get exposure to 10 fire-breathing small cap tokens

When I first posted about $DEGEN 10 in December, I thought it'd be a fun way to track the market

It quickly morphed into a brain dump of knowledge from many of crypto's giga-brains
Read 16 tweets
20 Jan
One 🤡s reactions to the $YFI

1st thought: That's $220 million+... jfc

2nd thought: Well, maybe they'll get rid of the mint

3rd thought: They're not getting rid of the mint

More 👇
4th thought: They're adversarial AF to investors who are holding something w hardly any cashflow

5th thought: What's to stop them from coming back to mint another quarter billie?

6th thought: I'd rather own token x at this point
8th thought: Don't you do that, $YFI... don't you compare yourself to other projects. You can't. You're different. You play a different game than all the rest

9th thought: Wow. I think about crypto too much to be feeling this emotional
Read 13 tweets
15 Jan
A lot of people bitch about whales, but small traders have advantages, too

1 = Time

You can use it like a shank and stick it in the sides of the less patient and/or more active traders by holding long-term

2 = Ability to enter tiny projects

More 👇
It simply isn't worth a whale's time to look at low MC projects (say anything less than $10-$50 million)

There usually isn't enough liquidity there...

If you're holding $10m, putting $10k into a high-risk investment doesn't move the needle much
Sweet spot = entering a tiny project that's here for the long-term

I visualize projects as moving through plateaus. You can ride that climb

Plateau 1 = the true degen traders who buy tiny presales and do a lot of Uniswap flipping
Read 7 tweets

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