Seeding coinbase in 2012 was eye-opening, so was the ETH-pre-sale, but even 2 years ago I was writing about how it was inevitable that gaming would be leveled up thanks to web3: medium.com/initialized-ca…
It's clear the tech here to stay. There'll be a Cambrian explosion of new products creating better User Experiences (which is all people care about at the end of the day). @sevensevensix has been busy backing @trylolli@QuickNode@IslandsXYZ@Topiaio + more we can't announce yet
Tomorrow @ 6:30pm ET, @tom_sachs and I are discussing the auction of a 1/1 Rocket NFT, which is @ChristiesInc x @opensea's first ever completely on-chain auction.
The Rocket is named ‘Through the Night Softly’ and is the ONLY Miami Vice branded Rocket in the entire collection. The auction opens at 5pm ET tomorrow 12/2 and ends 24 hours later on 12/3.
At the same time as the auction, @tom_sachs will be launching 75 Physical, real life, one-to-one twins of existing Rocket NFTs.
It's striking how polarizing this tweet was and if you're tempted to try to dunk on it, I'm sorry to say it will not age well: @cdixon is absolutely right.
Blockchain is not only the proven tech to do it, but the timing with a critical mass of online community and culture gives it the opportunity to actually work. Internet culture is culture. That was true a decade ago when the front page of Reddit was the next day's news.
This probably feels laughable to people because it's such a massive shift for anyone who doesn't live in online culture & community *and* hasn't also seen crypto dramatically evolve in the last decade to do Remarkable Work.
Had a call w a very smart investor who dismissed NFTs, trading cards, collectibles as Beanie Babies + I nearly fell out of my chair, but I get it, if you're not tuned into the power of culture (esp internet culture) this all looks like a fad, a blip. I need to do a video on this.
and FWIW those Beanie Babies are still worth something... but yes, the supply massively outpaced the demand + cultural value...
"But what about all those worthless NFTs being created? Most of those are going to go to zero."
Yes, I agreed, 99.999% are going to be worthless. But 99.999% of ALL paper is worthless, but the medium isn't flawed, it just hasn't got art from Picasso on it.