After a few years away from crypto, I’m back spending nearly 100% of my time on it. Here’s some interesting stuff I’ve stumbled across recently:
pfps are a wild and fascinating sub-culture. Beyond the obvious frothy prices, the fact that cultural icons are buying CryptoPunks and setting them as their public personas is notable. BYAC was covered in The New Yorker and Pudgy Penguins in the NYT.
And now fractional ownership of CryptoPunks is a thing (ERC-721s represented as ERC-20s!)—with all of the infrastructure for fractionalization, collective bidding and the underlying on-chain auction coming from different companies and without permission of the CryptoPunks creators.
Also worth tracking: gated experiences both digital and IRL for NFT owners.
Note: all of the interesting stuff in NFTs is on Ethereum.
I think there’s a missing crypto primitive: a non-transferrable non-fungible token, i.e. a credential. This is likely an opportunity for more traditional businesses to participate on-chain in a lower risk way (since you are sending a piece of metadata vs. sending money).
Finally, if you are interested in the above and would want to try out future Ethereum product experiments, feel free to sign up here.