Thread by @KyleSamani

0/ Lots of talk recently about generative art

This is an interesting area, and I’m a fan

But it doesn’t really feel crypto native to me… it’s still just selling JPGs

But I think there is something to be done with algorithms and art ownership

A brief thread

1/ In “physical NFT” markets - sports cards, art, signed jerseys, etc - one of the most important properties is the condition of the object itself

Generally, better condition = higher price (a few exceptions to this)

2/ In the physical world, things naturally degrade. Oxygen, the sun, transportation, etc

But digital native NFTs obviously do not

3/ I have heard people talking about the idea of having NFTs that degrade when they are transferred… basically forcing the digital to mirror the physical, even if it’s technically value destructive and unnecessary

4/ What if you combine the ideas of generative art and art degradation together?

That is, an art piece that changes over time and/or based on times transferred per a predefined algorithm?

5/ The really cool thing about this NFT, is that this NFT could theoretically spawn other NFTs (eg to memorialize a specific incarnation at some point in time)

6/ If you want to get even wilder, you could even use entropy from the blockchain itself (merkle roots) as inputs into the algorithm that modifies the original NFT

7/ I think the vector of time is very under explored in most NFT things

Both generative art, and chaining NFTs together over time, and other things

8/ The really cool thing about time, is that it is a crypto-native property of NFTs that you cannot replicate in physical NFTs, or even in digital native media

Once those items are created, they are fixed. They don’t really evolve

9/ I am super excited to see what people come up with in this area

DM me if you’re working on anyting!

{fin}