it's a beautiful day to believe in something

My overarching thesis is that we are at the early stages of a multi-decade super-cycle of retail empowerment driven by the fact that “consumption, culture and community” are now tradeable assets. Consumption is no longer ephemeral, but persistent. No longer private, but communal. No longer limitless, but scarce. Consumption is, for the first time, ... See more

Memes: The other reason people might want a token is simply the belief that other people want the token, and will want it in the future. You can call it faith, conviction, or memes, but, whatever you call it, the machine that generates belief in the growth of future value is always going to be an important consideration.

The core question at the heart of our exploration at Seed Club is how do you harness our newfound ability to convert cultural and social capital into financial capital in productive and sustainable ways? How do you use the attention and cultural aggregation powers of memecoins to actually serve people in more expansive ways than just number go up?

To give you a sense of what’s possible, I want to get back to the idea of NFTs as tokens on the internet for representing social achievements and social contracts. NFTs are a more important achievement than you might think, because we’ve managed to package this atomic unit of culture and community - fitting in, and standing out - and capture it, al... See more