notbylght on x

think an intellectually honest conversation about digital commodities starts w looking at where we are wrt nfts

after exhausting the risk curve for them, bear, bottom out, & then: 

- punks solidify as an internet asset  
- major dig. artist’s work solidifies floor
- projects w < .01 Ξ asks standardize 
- microeconomics of minting emerge 

1/

this video from adin ross was a lift-the-fog moment for me 

what is left to exhaust the risk curve beyond the united states president launching a coin??

if he’s right then it means it’s time for memecoins (‘21 nft’s second life) to bear, bottom out, and then create new standards, floors, & mechanisms

it never is 1 = 1 but for predictive models it would look something like: 

- “punk” coins legitimize themselves as internet canon 
- a category of “artist” coins cement a ‘floor’ (community, network, etc) 
- jacob’s prediction about more coins w less price ask/expectation standardize 
- microeconomic models emerge

disillusionment i went through eoy & part of jan wrt to tokenized culture projects (higher, yap, etc) was a realization of how little consensus there is on the directionality that seems most obvious to me 

w above posts factored in i now feel more confident that we will see something approximating my opinions after the ensuing bear & bottoming out correction