2/ As always we need to look at both demand and supply.
Demand: Is it an appealing concept for a museum or collector to be able show each type of the iconic, first AB project?
I consider it one of the most obvious "yes-es" in on-chain generative art
3/ How about supply?
There are a theoretical 20 sets that can be built but many of those are vaulted already. I'll update my table later and post it, it is a mix of diamond hands and AB super-gurus (or both)
Won't be more than a handful of these ever built from today onward
4/ Congratulations to buyer, @jdh and ShroomDaddy for very successful and mutually beneficial NFT Commerce
🤝
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The biggest current NFT collections are going to be bigger than all but a handful of any NFT collections that are going to be put together by the "TradArt" collectors incoming.
Why?
2/ There are multiple collections with market value today of $50M to $100M. Some of them even more maybe.
But for the purposes of this example, let's use $50M to $100M as a range.
How many TradArt billionaires are going to be ready to put $50M to $100M into NFTs today?
3/ My guess is "not very many". Keep in mind that most billionaires are illiquid. When you read that XYZ is worth $2B or $5B or $10B, do not imagine that this money is sitting in a bank account.
It is in stocks, bonds, partnership interests in funds, stock of private companies
It is hard to imagine a worse system for managing KYC than the current system of disclosing oodles and oodles of personal information (and photos) to the customer service reps of many different organizations
6529 has a significant IRL job. I have to do this weekly +/-.
It is the dumbest thing in the world, as if there were not 100 better ways to confirm my residency / identity than sending utility bills (home address), ID numbers, photos etc to hundreds of people / year
To take the dumbest example, confirming that you are a resident of country X is a different question than "what is your home address and how many kwh of electricity or BTUs of gas you use"
The fin svcs firms need the former, not the latter
This is a very short thread, but something that has been bothering me since the spring and I think I now have an initial point of view on it
6529 does not yet own any metaverse land (decentraland, sonmium, etc) bc I had some concerns I had to work through
2/ Concern 1: I don't understand conceptually why metaverse land should be scarce from a consumer product market fit perspective.
I get that, say, decentraland limits land to make number go up, but the marginal cost of metaverse land is zero and we need to bring 1B ppl onboard
3/ So I think, basically, any metaverse that limits land to some artificially small amount will eventually be outcompeted by a metaverse that onboards tens or hundreds of billions of people for close to free
And that is likely to be a centralized institution which is bad