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https://warpcast.com/~/channel/brypto
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six
@six
this seems true - related, punks specifically feel emblematic of a specific cypherpunkish ethereum L1 culture (stuff like terraforms, xcopy also fit here). the decline of $ETH the asset, and Ethereum L1 as an execution layer, has also led to the decline of this specific culture i think i used to think punks where like, the premier scarce cultural artifacts in crypto, but this no longer seems true to me, they are specifically the premier artifacts for *ethereum L1* so ETH L2s can "win", but if $ETH continues to underperform and people don't use the L1 then i'd still be bearish punks
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czar
@czar
cultural relevance of punks has nothing to do with ETH price imo. punks, xcopy and few others - are already beyond some of these chain games
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niftytime
@niftytime.eth
🎯
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six
@six
i am skeptical, they’re already a lot less relevant today than they were a few years ago. they’re now viewed as boomer/ETH OG coded whereas they used to be viewed as cultural stewards across all crypto (imo) https://warpcast.com/six/0x6e44b437
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czar
@czar
what are a few culturally relevant NFTs on other chains now that some of those chains are booming, say on SOL? punks appearing a lot less relevant today is a manifestation of NFTs in general being less relevant.
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six
@six
yea I agree with that view that’s definitely also a factor but I am not even talking about like ETH vs solana here, I am talking about like ETH L1 vs ETH L2s. it seems objectively true that ethereums cultural and social layer is transitioning to L2s and my hypothesis is this has a structural change on how new people in crypto (those who create culture) view/value ETH L1 cultural assets the ppl who value punks today are those who “grew up” on ethereum L1. people who onboarded via eg base/FC don’t care about punks imo
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