Yesterday, the NFT scene was rocked with the news of @franklinisbored's abrupt retirement.

His vague announcement fueled lots of speculation.

So, what really happened? 🧵 To understand this series of events, we need context.

This helps us realize where things started to go wrong.

For those who don't know, Franklin is a @BoredApeYC whale who got famous for flexing his big bags.

https://twitter.com/franklinisbored/status/1579376964309504000

Yesterday, the crypto market lost ~$40 billion.

Charts bled. Banks capitulated.

But some people still printed profits, without shorts.

Let's talk about on-chain art. 🧵 This thread will make two comparisons:

1️⃣ Art vs. PFPs

2️⃣ Art vs. Crypto

Finally, we'll discuss:

3️⃣ Art as a store of value

PS: I won't use the term "Art NFTs" because it limits our perception to a small, generic box.

Super excited to share a new chapter in my Web3 journey!

I recently joined @0xCrunch as the Marketing Lead.

1/5 🧵 Quick backstory:

While working on @TheCarthageDAO, I met the co-founder, @Dadaa_Leo.

I admired his passion for building a fintech product, outside of the Pan-African payment systems model.

We also shared similar sentiments on the current state of Web3.

2/5 🧵

Here's a fun fact:

"Decentralization" goes beyond distributed node networks.

Here's what to look out for in a blockchain white-paper! 💡

1/5 🧵 ✦ Architectural decentralization

This deals with hardware.

How many nodes can break down at any given time without collapsing the network?

It's the most common metric we think about in Web3.

2/5 🧵

Who is the real @ryancarson?

Is he a serial grifter?

A web2 wunderkind entrepreneur?

Or judging by recent events, the worst NFT trader alive?

Let's take a closer look. 🧵 This thread will examine his:

1️⃣ Web2 background.

2️⃣ First stint in Web3.

3️⃣ Initial hiatus.

4️⃣ Second stint in Web3.

5️⃣ Final exit / second hiatus?

NOTE: Every part of this thread is sourced from publicly verifiable information.