Saved by Alex Wittenberg and
Dirt: Bored Ape Universe
2021 was the year of profile picture (PFP) NFTs. Depending on how you value them, both CryptoPunks and Bored Ape Yacht Club have total market caps (# of NFTs * price per NFT) of around $3 billion each. More than just a disconnected network of owners, though, the humans behind the NFT PFP formed communities, online and IRL. First, they met in Discor... See more
Packy McCormick • The Laboratory for Complex Problems
An investor bought 20 pieces from Beeple and put them in virtual museums. Bundled everything, locked it in a smart contract, and sold 10 million shares. The shares went from $.36 to $25 at a high. Gave Beeple 2%.
Kara Swisher • Opinion | What the Heck are NFTs? Let’s Ask Beeple. (Published 2021)
The meme economy has quickly become a reality, with the creators of the internet’s most iconic memes auctioning NFTs for hundreds of thousands, if not millions of dollars: Doge — $4 million, Disaster Girl — $570,000, Nyan Cat — $515,000.
Harry Jones • The Meme Economy
Is it just about the money, and does that matter? Web3 is absolutely a gold rush. People are very desperate for money (quite quickly) doing what they enjoy. Even if many entrants into crypto "do not fundamentally care about distributed trust models," an attractive alternative would be one where the user base grows to care.