incredible collection & mindset @iamDCinvestor ! thank you ✨
"What's interesting about NFTs vs other kinds of art is the ability to develop this mimetic or viral value on the internet in a way that has not really been seen in traditional art"
"What was it when you purchased your first #CryptoPunk that put you over the edge into uncovering all these other artpieces?" - @RyanSAdams
"The signal for me was when I saw ppl using these as profile pictures. It clicked that ppl are identifying with these assets." -DC
3/
"That's a super powerful driver and I was like 'what's it going to take for someone using this as their profile picture to sell one? And then the gears started turning there, right?" -DC
"At the time I wanted to collect them because I view them as pieces of internet culture. These are pieces of internet history." -DC
In response to which @TrustlessState coined them as "deep cultural artefacts of the internet"
5/
On getting hung up on rarity or attributes & the collector psychology:
"I think that for a lot of crypto people, that (attributes) is easier to do and they feel more comfortable doing that, then ACTUALLY trying to make an aesthetic assesment." -DC
"Very often I'm not minting projects on day1. I'm normally buying after they've been minted on 2ndary market cuz I want the pieces that I like. I like to see how the market & collectors are reacting." -DC
Minting vs waiting to see if there's traction & relevance
"I don't want to put a lot of money into something that I feel like won't necessarily develop that cultural premium & I think that cultural premium is the ineffable part of this that is really hard to understand." -DC
8/
(continuing on why cultural premium is essential, but elusive)
"You're kind of making a bet on what people are going to find interesting today, what's going to influence artists of tomorrow & how are collectors gonna look back at this set. ...fondness or overly hyped?" -DC
9/
"I do think every collector needs to have a circle of confidence, they need to have something that they're interested in & that's how you build a collection. Otherwise you're just buying a little bit of everything and end-up with nothing that you're really excited about." -DC
"Anytime I see something that I feel is pretty certain going to be a piece of history, I may just try to buy it just cuz I'm like 'this is something that's important as an artefact – even beyond the art that it represents."
11/
"How do you think, broadly, NFTs are changing culture?" - @TrustlessState
"I think the impact is starting to be incredibly profound, to be honest. To the point where I think #cryptoculture is going to become a dominant culture in our society and NFTs are going to be a ...
12/
... prime propagator of that in a way that people could not have expected. Why is that? Because now you're giving creators the ability to earn money for digital art creations and that has been super difficult before." -DC
13/
aspirations & future directions:
"I feel like we are on the cusp of this 'digital reneissance' and I think it's going to be realised as we transition more and more into this concept of a #metaverse." -DC
"... In earnest, we're going to look back at 2020/2021 as the birth of the metaverse in my opinion. It's not just going to be one ReadyPlayer1 -thing, it's going to be all of us interacting with each other online in various ways." -DC
15/
(metaverse continued)
"The #VR part isn't even here yet! And I don't think it like _has to_ be here for us to call what is happening here a 'metaverse'. That VR-component will start to emerge heavily in the next few years." -DC
16/
Thank you for reading and check out the entire episode by @BanklessHQ & @iamDCinvestor 's art collection (link in his profile).
Lastly I'll include DC's very concise and sober final note on NFTs:
It'll be organized this weekend & I'm curating it from frens' wallets. Some works are printed photos in custom acrylic frames with QR codes & others are in native format on-screen.
The exhibition's main objective is to re-examine NFTs in a fine art context by engaging with their aesthetic & historical value – irrespective of their economic value.
This is not to deny or dismiss their exchange value, but since the tech was born in the crypto space ...
3/
... it has just been a natural consequence, that price speculation and trading has overshadowed artistic merits.
'probably nothing' also seeks to compare & contrast the different sub-genres of NFTs in a way that disambiguates diverse approaches from an art perspective.