most of the things people deeply appreciate are non-fungible
entertainment, art, sports teams
saw an @andy8052 tweet about a DAO buying a sports team
interesting to think about the implications of fan ownership / skin in the game long-term
saw an @andy8052 tweet about a DAO buying a sports team
interesting to think about the implications of fan ownership / skin in the game long-term
seems to me like nfts are the infrastructure for the exchange of “unquantifiable” value, or vibes as we like to say around these parts
just like supporting a football team with a terrible track record is not a good “investment” but people spend their whole lives doing it
just like supporting a football team with a terrible track record is not a good “investment” but people spend their whole lives doing it
not to say that assets that perform poorly won’t get dumped and people won’t get crushed in the process
but things we never considered possible to own, will be ownable
but things we never considered possible to own, will be ownable
to try and contextualize very loosely:
needs: commodities
wants: companies
vibes: culture
needs: commodities
wants: companies
vibes: culture
prob worth mentioning that it’s smart to start at the bottom, too
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