crypto

Bull case for NFTs this cycle is 1) non-fungible media make them more fun than fungibles 2) belief that they will be more Lindy on a decade long horizon (ie crypto hodler mentality)

Bear case is 1) memetic speculation is reduced to its purest form in memecoins 2) decade long horizon is way more of a wealth sink 3) Doge is an example of Lindy memecoin

They said they were "for the tech", next cycle "for the art", now they are "for the culture". Different masks, same motives underneath. Some nfts will continue to gain ground, many will go to the ghost chain graveyard.

NFT enjoyooor, crypto student, $DEGEN🎩, intergalactic blockchain explorer. I'm not a moon boi, I'm a space man✨ 👨‍🚀✨ /memestoanend

My thesis is memes as the purer form hold more sway this cycle. We saw Outcasts hold the attention earlier this year and OGs have a successful launch as well, but two drops in the bucket compared to the 1000s of memecoins. One wildcard is Opensea dropping a token and creating some sort of blast like farming nft churn.

Right but question is does 10K pfp equivalent happen again or do people prefer the memecoin which is arguably purer form