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While characteristics of the work itself (statistical signatures, measures of composability and chemistry) can provide some sort of valuation of the generative potential.
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And of course, the strongest signal is just the buy-in levels of funding themselves. If a set of graphic assets raises $50m worth of ether, there's a good chance the artist will want to double down and do something with that windfall, like make a game or movie or whatever.
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An NFT is (or can be positioned as) something like an unsecured restricted income share agreement (or general value share) anchored on an asset+person. Unlike a generic ISA, it points only to the value induced by “seed” objects
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In fact you could just “NFT yourself” as a simple ISA-like thing. Name a coin after yourself. Done. Null nft with all alpha linked to the minter.
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Sidebar elsewhere on the practical matter of planning for the inevitable crash. I’m not a big believer in predictions, but it’s interesting to lay out the worst case scenario that would still keep you interested. Will you keep tinkering if ether is at $400 for 2y? $200 for 5y?
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here we go again twitter.com/latimes/status…
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Not ether specifically, but as indicator of crypto overall. If analogies to 2000 are justified, then a 90%+ crash for 5+ y might be what you plan around as worst case. Can you keep tinkering with NFTs, DAOs etc through such a winter? I frankly don’t know my lower limit.
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