0. A thread of 100 half-baked NFT ideas & thoughts:
1. Maybe every cultural product - novel, film, poem, installation - ends up with a 1 of 1 NFT issued by the authentic creator. If issuance cost goes to 0, why not?
Maybe cultural products without an NFT become more valuable, a choice to forgo a digital version.
2. Maybe you can raise funds to support under-funded cultural institutions this way. Don't adopt a highway, buy an Opera house's NFT.
3. Maybe if you and your closest 10,000 friends are mad at a celebrity, raise money to buy their most valuable NFTs on the secondary market and send them to 0x000, destroying the NFT & depriving them of future trading revenue.
4. Maybe eventually creators work together to push their art in a certain direction, with the goal of creating trends that raise the price of NFTs they've purchased together.
A hedge fund + label + artists co-op.
5. An NFT that gives its owner the ability to mint a limited # of derivative NFTs, valuable for the verifiable link back to its "parent" and connection to the person who minted it. High-profile collectors seek them, since they are cultural "productive assets".
7. A NFT that’s a house in the metaverse, which you can fill with objects that are also NFTs. Selling the house NFT transfers possession of everything inside of it.
8. Maybe someone out there is already making the NFT equivalent of George Lucas’ famous toy licensing deal
9. Imagine how much money the early influential weird-twitter accounts would have made, if they had owned their work and been able to sell it.
0. With NFTs and Eth's move to Proof of Stake in the news, I often see comments like:
"Eth has been promising to move to PoS for years, but..." or "Eth2, still under development, may launch in a year or two...."
But how many people realize that Eth2's PoS is already... live?
1. In December, the Ethereum community launched Eth2's Proof of Stake mechanism - it's called the Beacon Chain. It has been running smoothly since launch - you can watch it live here: beaconscan.com
2. But: it isn't being used for anything yet.
There's $6.2 billion securing it, 110K validators participating, and it's producing blocks every ~10 seconds.
2. Every little bit helps
- Short story about using crypto for remittances, UBI, and micropayments
- 4 years later, @ConnextNetwork and @Cent are making some of this real
- remember Zapchain?