Thread by @SalomonCrypto

(1/15) In general, I'm very skeptical of NFTs. This weekend I found something that blew my mind.

Let me introduce you to Greedy Memes by @DgenFren.

Artists, wondering how NFTs are going to completely transform how you get paid for your work? Read on!

opensea.io/collection/gre…

(2/15) Not financial advice.

You can (and should expect) to lose every real dollar that you move into crypto. This is the wild west.

(3/15) Yesterday I went to sleep in the Istanbul airport hotel expecting to win Golden Ticket #2, only to wake up to the sad news that I had been scooped.

Hats off to ArtDude69🥂! Congrats on your win, I hope you reach out to @DgenFren and use it ASAP!

opensea.io/assets/ethereu…

(4/15) To cut to the chase, Greedy Memes are just simple NFTs with art that I particularly like. I consider a huge part of my work to be "note taking for future historians after De-Fi takes over the world."

What's not to like about bringing some of the characters to life?

(5/15) (for me) Once the art is finished and @DgenFren posts the NFT on-chain, the magic is kind of finished. I'm not that interested in "owning" an image that I can just copy/paste for free.

What is SUPER interesting to me is the Golden Ticket NFT that I bid on.

(6/15) Bullet points:

- Gold ticket: redeemable for one custom Greedy Meme
- Meme must be of a single entity or individual
- The artist reserves the right to refuse any request
- When the meme is created, the NFT will be sent to redeemer
- Can be sold (but only redeemed once)

(7/15) If I won? So many choices that I want to see as Greedy Memes!!! Maybe:

- @samkazemian
- @C2tP
- @0xSifu
- @CurveCap
- @ohmzeus
- @SmallCapScience
- Maybe @RyanSAdams and @TrustlessState if they are an "entity"
- Or @hasufl and @thegostep

Honestly, not the point.

(8/15) The bottom line is that I wanted to support @DgenFren and to make sure he keeps pumping out more Greedy Memes (which I will then use in my content).

This isn't about one character, this is about finding a way to deploy capital to generate the art I liked.

(9/15) Before I made my bid, I reached out and asked a question. The answer made me certain I was going to place a bid.

With The Golden Ticket, @DgenFren is experimenting with a novel patronage system. He is deploying NFT technology to invent an entirely novel business model.

(10/15) Just reread his answer if you are confused, the ideal is simple... and it's genius.

Not only does it allow the artist to see market demand in real time, but s/he can also collect prepayment AND benefit in secondary sales as the collection becomes more popular.

(11/15) The best part is that the artist controls exactly how much work s/he is obligated to do in the future.

Too many outstanding Golden Tickets? Just stop selling them.

Risks? I don't know, but they are definitely there, for all parties (NFA).

(12/15) I've said it before, I'll say it again: I am a De-Fi zealot! I believe @ethereum is inevitable and De-Fi is simply a better way.

In my narrow area of focus (finance) the answer is so obvious. But The World Computer is so much more than De-Fi.

https://twitter.com/SalomonCrypto/status/1547798541103312896

(13/15) I've heard @kevinrose say something to the effect of "all it takes is one thing for NFTs to click for you and then you'll understand just how big a deal they are. Immediately!"

Well... I still don't understand PFPs, but I now understand the unlimited power of NFTs.

(14/15) Thank you @DgenFren, both for your art and for the incredible idea you are trying out.

Good luck! I hope you keep pumping out Greedy Memes!

(15/15) 🏳🏳🏳

For the record I understand the vaguely anti-Semitic undertones. Apologies if anyone doesn't like the art, no offense intended.

Again, I just like the cartoons of the people I write about. I make my own graphics, these kinds of assets would be a huge deal.

Like what you read? Help me spread the word by retweeting the thread (linked below).

Follow me for more explainers and as much alpha as I can possibly serve.

https://twitter.com/SalomonCrypto/status/1551526100328763398?s=20&t=RHnGiC97ks0Fy_2mY_Ce5g