First NFT on Ethereum: Terra Nullius 7th August 2015 CryptoPunks: 23rd June 2017 Bored Ape Yacht Club: 23rd April 2021 First NFT on Solana: Kreechures 26th March 2021 $SOL NFT started 5.7Years late, 🧵 pic.twitter.com/c1uSV4GWnN
Just over a year ago, I hadn’t even heard the term NFT. Now I have a portfolio worth tens of millions. I’ve profited on large, high conviction bets. I bought Punks at 7 ETH, SMB at 50 SOL, and Degods at 7 SOL. 11 ways to use my 5,000+ hours of learning to help you get rich:
Funny how everyone was bearish PFP NFTs but PFP NFTs likely become the biggest winners of the NFT sector Brand empires will be built rivaling that of traditional giants like Supreme, Patek, LV, etc
NFTs may actually make a lot of sense for the restaurant industry (thread)
An NFT is a unique digital object. Scarcity is either enforced offline (like a ticket to an event), by a smart contract (like a .eth domain), or by a social contract with a community (artists, fans, punks, apes). “You can’t right-click and save a community.” - @sanchans
gm Co-writing a piece in The Economist with @cdixon, my favorite and most-cited tech writer, seems like the perfect way to announce that I’m joining @a16z Crypto as an advisor. twitter.com/cdixon/status/…
I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.✨ pic.twitter.com/HaP0k5hUOq
Why I think NFTs will force Hollywood, Harvard, Salesforce, Nintendo etc to reinvent themselves A thread about how NFTs will shake things up:
Today, I'm observing 8 broad class or use cases of NFTs 👇
I had a pretty well known VC ask me for #NFT advice this week and I told him - just do the work, spend the time, take time to understand community, because this is the very start of the most important trend you're potentially going to miss, but currently still early for.
I am bullish on Solana-based NFTs. I just downloaded Phantom and bought my first NFTs. So smooth. So clean. Here’s why I think Solana NFTs are the next big thing: - A number of them just listed on FTX @ftx_us #SolanaNFT @solana @SolanartNFT pic.twitter.com/uN1ZeqihgI
nfts aren't just art. nfts aren't just games. nfts aren't just royalties. nfts aren't just streetwear. nfts aren't just communities. nfts aren't just special access. nfts aren't just media companies. nfts are all of the above.
🤔 @tiktok_us NFT ad in Sunday Edition @nytimes. Probably nothing. pic.twitter.com/9l5mmjYjbx
1/ On A Pathway To An Open Metaverse We are going to make a run at changing the arc of history. It is a Return of the Jedi vs the Death Star style mission. They have the money and the power. We mostly have our brains, our community and gm. But it might be just enough
NFTs are/will become authentication mechanisms and that’s the long term value behind the idea
Let's explore long term economics of NFT projects. How do projects go from 0.1 ETH to 5 ETH, back down to 1 ETH then boom to 30 ETH? How do flippers, hodlers, newbies, hype contribute to different phases of projects and thus effect prices? Thread 1/ pic.twitter.com/UJJQseqAnd
🖼️Wow! Here is Twitter Senior Software Engineer Mada Aflak @af_mada previewing what NFT integration into the Twitter app may look like. 🦍She used @gmoneyNFT Ape Punk as the example! 📽️Check out the video below! pic.twitter.com/AdkFABXmw9
3/ The value of a collector’s item boils down to 4 traits. - Community - Story & passion - Ability to show off - Personal joy Vinyl records, comic books, classic cars, trading cards, fine art… it’s all the same. The stronger the sum of the traits, the more valuable the item. pic.twitter.com/WdU8Y5pq6M
Not understanding the significance of the NFT movement has been a million dollar opportunity cost for me. I studied the last 250 years of art history to grasp the consequence of this moment. Here's the knowledge you need to identify the next million $ NFT 👇🧵
I think people grossly underestimate what the PFP revolution means. It is the first shot fired in the transition to a completely customized #metaverse identity. #NotAFad
this will change the game forever pic.twitter.com/CC1iFuh2Q9
"Floor price" is a terrible metric to track how well an NFT project is doing It's like measuring the quality of life of a country only by its GDP Floor price largely ignores the health of the community And the community is what matters most
NFTs are about to make the past 30 years of internet market growth look stagnant by comparison