brypto

ERC20s don't spark joy how ERC721s used to.

traders ≠ collectors ≠ creators

I like simpler. But I like progress more.

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/new-york by day 🗽 /untzuntz by night 😈 Fan of eating tacos and bringing people together, often at the same time 🌮

NFTs died when we collectively realized musical chairs is easier/faster with the simplest standard. It's the same game we tried with "collectibles" but without all the friction and infrastructure overhead.

I have hope the newer ERC standards will spark novel (and useful!) ideas but until then we're back to 2017.

Great take, not sure why they're trying to jam it all into one

PRESTO LABS INC

I've been thinking about Jihad's cast for the past few hours and agree the potential of community tokens remains largely untapped.

From my experience building communities in and out of crypto, successful tokens support a spectrum of engagement that functions like concentric circles:

- Outermost → Traders creating price action and liquidity
- Middle layer → Holders providing stability and long-term trust
- Inner layer → Evangelists amplifying the message and narrative
- Core → Contributors building products that compound network value

The most powerful communities transform these circles into a permeable ecosystem where members can move inward over time.

I hear what you're saying, and I agree traders ≠ collectors ≠ creators

IMO, the best communities will build for each archetype, and make it easy to go from trader → collector → creator 

I'm confident we'd be able to do this no matter the token standard - though it may be tricky!

Wrote a bit more about this here:

I hear what you're saying, and I agree traders ≠ collectors ≠ creators

IMO, the best communities will build for each archetype, and make it easy to go from trader → collector → creator 

I'm confident we'd be able to do this no matter the token standard - though it may be tricky!

Wrote a bit more about this here: https://warpcast.com/zd/0x03c01dbd

working on a new thing! more info coming soon. https://twitter.com/codybrown

I could see a UI that scales token images proportional to holdings, maybe dictated by market value. Though the idea of someone collecting 1 ERC20 in the same way as a ERC721 feels... misguided.

Maybe it's from 5 years of experience but I only have two feelings for ERC20s.

Green price: happy
Red price: sad

I agree. I have a handful of NFTs in my wallet from the last cycle that are near zero but I love them. I wonder if this is just the skeuomorphic connection in that it feels like buying a piece of art. 

I also wonder if you could design a wallet that represents ERC20s in way that could communicate that.