Comprehensive note as ever and much to think about - well done sir…
Having spent time in the dark rooms of china during the original ICO bubble, and helping artists mint their own NFTs as part of our FENIX ecosystem, it has certainly been something that I have watched closely over the last five years…
For what it’s worth, my belief is that your peer, Jeff Staple has come the closest I have seen to date to creating a sustainable NFT ecosystem, by creating genuine utility.
At the end of the day, an artists most valuable asset, which resale culture has effectively stolen from them sits around exclusivity and access and in that regard, NFTs feel like a perfect way for artists to be able to monetise. The stapleverse created three exclusive clubs through the minting process - feed, poop and pigeons and then underpinned that exclusivity by adding utility, real world and virtual, to each separate group… and that’s how value is maintained.
Comprehensive note as ever and much to think about - well done sir…
Having spent time in the dark rooms of china during the original ICO bubble, and helping artists mint their own NFTs as part of our FENIX ecosystem, it has certainly been something that I have watched closely over the last five years…
For what it’s worth, my belief is that your peer, Jeff Staple has come the closest I have seen to date to creating a sustainable NFT ecosystem, by creating genuine utility.
At the end of the day, an artists most valuable asset, which resale culture has effectively stolen from them sits around exclusivity and access and in that regard, NFTs feel like a perfect way for artists to be able to monetise. The stapleverse created three exclusive clubs through the minting process - feed, poop and pigeons and then underpinned that exclusivity by adding utility, real world and virtual, to each separate group… and that’s how value is maintained.
Interesting times ahead for sure…