It's 5:30pm on Friday. Playing @BoredApeYC lofi hip hop radio. And I'm about to start an evening of research into two topics that have been on my mind all week.
1. NFTs + defi 2. NFT utility for music artists
And I'm legit hyped to learn about this. web3 is fascinating ⛓️
Two projects I'm in dropped token info today, so this is awesome timing:
We've come so far since the #BAYC release of the lofi youtube stream was a big deal. I still listen to it regularly. Here's the link if you have not listened to it before:
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There is a rising trend in NFTs that are making people thousands of dollars in passive income.
It is called Tokenomics - the convergence of DeFi and NFTs.
Here is the knowlege you need to get into a project with Tokenomics and start stacking passive income today 👇 🧵
1/ Crypto moves in cycles. Not just from a pure price standpoint, but also from an innovation lens.
@nbatopshot boomed with NFTs as collectibles, followed by pfp plays with Punks and @BoredApeYC, and then Gen Art with a percentage of Fidenza 938 aka "God Mode" selling for $8.5M
2/ The latest hypecycle merges NFTs with DeFi.
A project will airdrop/generate tokens that NFT holders can claim, which can yield a substantial amount of passive income. In some cases $300k+ per year.
I discovered this article that was written in 2014 and it's inspiring to see how far web3 has come in seven years due to thoughtful conversations, passionate individuals, and skilled builders.
1/ When ideating on how blockchain can change the music industry, @dawallach wrote:
"Though Bitcoin is an inspiring model, the Bitcoin network is unlikely to be the best network on which to build this specialized application."
He was right. And now we have Ethereum.
2/ I can't help but think about how we are all playing a part in this vision.
"These are not sexy, glamorous, rock-n-roll matters. But they are integral to ongoing, impassioned conversations about what the lives of artists will look like in the future." - @dawallach
Not understanding the significance of the NFT movement has been a million dollar opportunity cost for me.
I studied the last 250 years of art history to grasp the consequence of this moment.
Here's the knowledge you need to identify the next million $ NFT 👇🧵
1/ I don't have an art history education and I didn't understand the significance of what's unfolding before us. This thread conveys how art changes with time and why the rise of NFTs are historic.
To know where we are going, you must learn from where we came.
2/ 1750-1850: Neoclassicism drew inspiration from the past and idealism. Archaeological ruins fueled people's imaginations and there was a surge to recreate historically relevant visions.
Jacques-Louis David, Napoleon Crossing the Alps, 1801