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buffets
@buffets
Wrote a really long essay recently outlining some thoughts on why and how we should look at NFTs as status assets. This was inspired by 6529's New Year tweet thread on NFTs and the discourse on NFT rarity that ensued. My central thesis is that rarity is just one of many dimensions that NFTs will accrue value in the future. Instead, it is more useful to think in terms of how status competition between different market participants will lead to different types of NFTs being desired. https://mirror.xyz/buffets.eth/fpPPk3A81vRinrXN6XB0GGcmu8L7A4p4_4VhHDEZRqY
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Almar van der Krogt
@almar.eth
Minted and now reading. I wholeheartedly agree so far. I wonder if you are familiar with this quote from @newrafael “Buying one of my websites is both an act of vanity and generosity.” https://youtu.be/QwRL8cxkkCA?t=225
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buffets
@buffets
Familiar with his work but not that quote. It's perfect! And it pretty much sums up my article in a line instead of >5k words 😂
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