Saved by sari
The creator attribution ratio
Creator coins are a new type of asset class that is tied to the reputation of an individual, rather than to a company or commodity. They are truly the first tool we have as a society to trade "social clout" as an asset. If people understand this, then the value of someone's coin should be correlated to that person's standing in society.
Dror Poleg • The Ponzi Career
This goes well beyond smart contract structures. Why is it that Elon Musk can sell an NFT of Elon Musk's tweet, but Jeff Bezos would have a much harder time doing the same? Elon and Jeff have the same level of ability to screenshot Elon's tweet and stick it into an NFT dapp, so what's the difference? To anyone who has even a basic intuitive underst... See more
Vitalik Buterin • The Most Important Scarce Resource is Legitimacy
When it’s minted, an object can have a profit-sharing agreement burned into its soul. Let’s say I sell the object I minted to the influential collector Katerina Hash-Jones and, simply by dint of her ownership, its value skyrockets. (Katerina only buys the best.) She sells it for 10X what she paid, but/and because of the agreement embedded in the ob... See more
Robin Sloan • A coat check ticket, a magic spell
They are technically complex, but socially promiscuous in a way only much simpler digital things, such as plain text files or JPEGs, have been so far. As we’ve discussed, they’re also kinda content-free. They bear no necessary payloads, pointers, programmed affordances, or rights. All those things are optional extras. The NFT itself is just a token... See more