brypto

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

Culture happens where there’s a high velocity of people interacting with each other 

That’s not ETH mainnet today. Most of the onchain experimentation and creativity has moved elsewhere.

Stay Curious // iixii // Lazer Technologies // Prev: CoinDesk, Roc Nation // based

so folks who are literally wearing eth mainnet assets as their onchain pfp/identity as they interact and add value on L2s and other networks are leaking L1 cultural value from those assets as a result?

trying to follow what you and six are trying to say, but something isn't clicking

Building /rebase | Advising 24 HOURS OF ART | Prev. @cent Nifty Gateway | Hosting /thewipmeetup | byteGAN #265 PFP by @vanarman

Super interesting perspective actually. There is a type of distance between the layers and chains for sure

To me the portability factor of these assets always made them feel equally close at hand though

Like the chains and layers and everything on them are literal clicks away from one another

Also fwiw I don’t own a punk anymore but I do own several other prized works by modern masters and I wouldn’t want them anywhere other than ETH L1. Unique L1 value prop

they’re mostly relics rather than something with an active and influential culture

It’s like repping the city you’re from or college you went to but without any plans to actively contribute more to that place 

The culture is stagnant and losing people due to fragmentation