There are some days scrolling through Twitter when a slew of announcements dominates the headlines. Often during a crypto bull run, it can be impossible to escape announcements from big banks, consumer brands, and countless Fortune 500 companies declaring their allegiance to the blockchain.
Whether its Visa purchasing a CryptoPunk or JPMorgan weighing in on a seemingly-weely basis with a reminder that they are bullish on Bitcoin — legacy corporations have not only entered the crypto world, but have determined that aligning themselves with the industry is great for PR (whether or not they plan to put their money where their Tweets are.
The common meme response from the crypto community is a tongue-in-cheek analysis that we’ve seen the “top.” Basically, if these conservative and risk-averse institutions are getting into crypto, it’s no longer “early.”
Crypto has always appealed to me as someone who firmly believes in the idea of breaking down the barriers to wealth creation and opportunity historically afforded only to the wealthy, or accredited investors.
When mainstream news outlets argued for stringent restrictions on crypto, NFTs, and retail investing as a way to protect willing investors from themselves, I laughed — of course the legacy institutions don’t want wealth to be democratized.
I still feel that way, but after the horrific news that has emerged from the Terra Luna / UST crash — with stories of tragic deaths by suicide and token-holders who lost everything — my stance became more nuanced.
With a heavy heart, one of Twitter’s most beloved finance personalities dropped a bombshell announcement.
“After careful consideration and consultation with my divorce lawyer, I have decided to resign my post as Chairman at Enron.”
This is pretty much par for the course for John W. Rich (Fake Tech Exec).
John Rich belongs to a special class of Twitter satirists who have grown massive followings thanks to a consistent, unrelenting, and unbelievable character posting memes, jokes, and replies that point out the absurdity of “real” finance Twitter personalities.
Last night, Paris Hilton appeared on the Tonight Show with Jimmy Fallon — making waves with the announcement of her latest NFT purchase and comparing Bored Apes with Fallon.
The two chatted up NFTs for a few minutes, leading to a viral moment online as well as some serious plugging for celebrity NFT concierge service MoonPay, which I wrote about earlier this month.
Once a week, for a few short hours, my Twitter timeline forgets to show me a constant deluge of NFTs.
Instead, I see cards. Lots of them. Sometimes I can’t help myself but join in and buy one, or two… my limit is five.
That’s because on Wednesdays at 7 pm, @CardsStory makes his weekly proclamation:
Featuring: The Top CryptoPunk owner in the world.
EtherScan account 0xc352b534e8b987e036 owns 4.1% of the entire CryptoPunk collection. Of the current 410 Punks held by the top-ranking account on LarvaLabs, 369 of them were claimed during the initial mint way back in 2017 — meaning 90% of the largest CryptoPunk portfolio was claimed for free (not counting gas fees).
A-List Stars don’t do their own shopping. They have a team of stylists and assistants to do that for them. Of course, that law of nature doesn’t simply stop at the boundaries of the metaverse.
So, naturally, celebs need personal NFT shoppers.
The value of NFTs, simply put, is derived from either community, status, utility, or a mix of the three.
Probably the most misunderstood of these use-cases is utility. That’s largely because the broad nature of the term can mean many things, and within the world of NFT projects, there’s been a diverse range of interpretations.
Projects like Jenkins the Valet’s Writer’s Room and Autograph.io are offering members vastly different interpretations of utility, but still both fall under this bucket.
One project that has quietly pioneered a unique path in this space has been Buster Scher through his project “The Buster Show Utility Mics.” Each NFT is an originally-drawn mic representing an episode from Scher’s podcast.
Bored Ape profile pictures have replaced the blue checkmark as Twitter’s highest status symbol.
And when you’ve got the Web3 version of a Rolex, you’re going to want to flaunt it. For most BAYC owners, their Ape is tied to their personal brand — evidence of their membership in one of the internet’s most exclusive communities.
“What if someone used their Ape to build an entirely new character, outside of the persona of the holder?”
Leading video game console developers like Microsoft and Sony have settled into a cadence in recent years, finding success by releasing their next-gen consoles (Xbox and PlayStation) at regular intervals of 5 or 6 years.
But in the early days of home gaming, developers abided by no such conventions, releasing consoles at a quicker, less-orderly pace that resulted in the cannibalization of previous generation console sales while offering sparse improvements to consumers.
This lack of foresight was one of the driving factors in the video game market crash of 1983, most clearly seen in the collapse of Atari, a pioneering brand that had risen to an 80 percent share of the video game market by 1982 thanks to hits like Pong and Pac-Man.
Just a year later, the decade-old company was fending off massive losses as it appeared that consumer demand for video games had dried up. The embodiment of the crash came in 1983, when Atari directed 14 trucks’ worth of merchandise to be buried in a New Mexico landfill, with cement poured over for good measure.
In the last two weeks of 2021, Snoop Dogg and Eminem — two of the Super Bowl LVI Halftime Show’s headliners bought Bored Apes and updated their Twitter profile pictures accordingly.
Snoop’s announcement came first, tweeting on 12/21: “When I APE in I APE all the way in!!”
Eminem’s purchase followed a little over a week later, paying 123.45 ETH (~$452K) for Bored Ape #9055.
I have been promising myself for a long time that I’d start writing again.
Months have gone by, and in place of even beginning the process of putting pen to paper (or fingers to keys), I’ve settled for Twitter threads and excuses.
When I finally decided I’d run out of self-justifying ways to procrastinate, it all came together — I became totally prolific. I wrote twice, sometimes three times per day on all types of topics. My ideas came flowing out of me faster than I could type.
Na, just kidding. I’ve been stuck on the starting line for a month. It isn’t writer’s block if you can’t even decide what it is you want to write about, is it?
“There was a majesty in his swing, and a self-assured confidence in style and conduct that was uniquely Joe DiMaggio’s. In the eye of his public, he was more than a sports hero. He was among the most cherished icons of popular culture.”
Joe DiMaggio stands ready on his home turf, a patch of grass in center field. Behind his poised face his mind races — not from the pressure of playing in the World Series (been there, done that, won eight), but because he knew the end of the road was drawing near.
Just a few paces to the Yankee Clipper's left is a 19-year-old rookie named Mickey Mantle. Before the game, Mantle was given strict instructions to take any ball he could reach, as DiMaggio's heel had become a concern for Yankees manager Casey Stengel.