The first NFT I purchased was patrickworkman.eth. It was an obvious choice. Domain names are familiar. I'm Patrick Workman. Peanut Butter & Jelly.

My second NFT was from from the Maneki Gang Collection. I chose Maneki Gang #11892 because it had a tie dyed shirt (I like tie dye!), a newspaper hat (I like newspapers!), an active Discord server and cost $200. After I purchased my Maneki, I used it as my pfp everywhere, including work.

A co-worker noticed my Maneki pfp and reached out to talk about NFTs. He's been working on a project that prints and delivers t-shirts using the images from NFTs in a wallet. After our call, he asked me for my NFT thesis. I didn't have one, so I drafted this:

• NFTs are in the early innings, maybe not even in the game yet.
• Most of the projects are aspirational w/o substance.
  • People copy/pasta BAYC and hope to profit.
• 99.9% of projects attempting to build communities through images will die.
  • Community building is hard.
• This wave of NFT projects will come crashing down with the next crypto dip. Demand is being pumped by people w/ big bags of crypto and no where to spend it.
• Gaming will create the first consumer crypto projects that scale.
  • Owning land in the metaverse will produce gains. TBD what platform breaks out before FB gobbles up all the attention.
    • Tough to compete against a $10B bag…
• I don’t understand the draw of owning digital art. I also don’t understand the draw of physical art ownership.
  • There’s a status in ownership element component, but it isn’t in my universe.
  • I understand collecting and owning Phish posters, which I buy and keep in a binder under my bed. I have limited interest in collecting or owning an NFT of a Phish poster.
• People are pushing the easy button and attempting to force physical > digital.
  • Smells like web1 when magazines became websites.
• Purpose based projects (buy the Constitution) will organize people around a common goals/interests. I'm going to create Daft Punk DAO to get the group to perform…one more time.
  • LIFE GOAL: Book Phish for a private show with tickets allocated to people with the highest levels of participation in our DAO (what ‘participation means is TBD).

What I learned yesterday:

• $TIME is on my side: I heard about OlympusDAO's Wonderland project, did a minor amount of research and aped in. Getting tokens to Avalanche was an adventure. Through ElkDex, I bought $ELK (Polygon) and bridged $ELK / Polygon > Avalanche. Once the $ELK arrived on Avalanche, I swapped $ELK for $TIME through TraderJoe and staked it through Wonderland. The rabbithole is deep.