crypto

Bull case for NFTs this cycle is 1) non-fungible media make them more fun than fungibles 2) belief that they will be more Lindy on a decade long horizon (ie crypto hodler mentality)

Bear case is 1) memetic speculation is reduced to its purest form in memecoins 2) decade long horizon is way more of a wealth sink 3) Doge is an example of Lindy memecoin

My sense is memecoins are a better vehicle for the speculative mania. But there’s a chance NFTs get a second wind in more meaningful form factors within the creative economy thesis, like music NFTs, subscriptions, fandom access and benefits, etc.