after Louis Vuitton drops exclusive skin with LOL last year, Burberry will partner with the biggest Chinese MOBA Honor of Kings (王者荣耀) for skin drops too
Top luxury brands join the game of digital items riding on the waves of zoomers’ consumer behavioral change ...
... this won’t be imaginable for boomers or even for many millennials
My younger brother (20) can casually spent 10k+ on virtual items in games but has no interest in buying expensive outfits
Core assets driving consumerism change from generation to generation
this is what Burberry posted on their Weibo for its skin sketch for 王者荣耀 (tbh pretty dope)
and my brother and his friends already plan fo ape regardlessly of the price
It’s a good validation of how IP and scarcity of in game items drive value. And the question is how to commoditize the creation of such economy for all designers, top brands and indie
slowly but surely 🤗 @0xrafi has a great thread on the “Skin in the game” platform @DIGITALAX_ is building
Many on CT who did not buy into the ICO ($HT and also did a massive airdrop back in the days) now have a free piece of Uniswap but dump it for non productive asset like iPhone/Xbox etc which will immediately depreciate once you own it
SMH
There are VERY few productive assets in crypto space
Most only got a P/M ratio (price per meme) instead of P/E
+ @UniswapProtocol operational efficiency is an order of magnitude higher than Binance and Coinbase
Let that sink in
Tbh it’s a more superior type of asset than normal exchange token where you rely on the team’s integrity to keep realizing token holders’ right, and u have NO say into future token economic (ie. Huobi launched a bunch other tokens after which largely dilutes its value ...
expect CZ to defend Cefi in terms of cost, usability, user familiarity, control for fund loss etc .. but the 2 advantages in the thread are really misleading. Debunk
1. Exchange is incentivized to maintain pumpability of coins it list hence its users are willing to stay
Pumpability may come from good vetting or fundamentals, but for most exchange IEO it has become a self-filling prophecy as “Binance will pump my bag” in reality is a crowd based reflexive trading pattern
Usually based on its past track record of “pumping IEO”
2. In Defi .. pools of capital can do same without central authority and fund custody
what’s most important, users can only expose to asset they want to hold long term instead of rushing market buy BNB driven by event, reduces allocation friction/portfolio shift