Notes 0002

Very rough notes from a day spent in the cryptosphere, a.k.a. on twitter spaces. These notes do not necessarily represent my own thoughts/beliefs

• Social status signaling in metaverse terms
• Hype cycles of streetwear perfect training ground and onramp for NFTs
  • No friction of shipping/distribution cycles
• When evaluating a project, ask: do you trust people running the project?
• Loot boxes taking 0 fees from OpenSea…giving agency to contributors, up to them to create value.
• Look to streetwear/designers
• How will kids organize around NFTs like cool cats?
• “I’m bullish on NFTs because we’re still calling them NFTs”
• Solana experience fast when buying NFT, but hard to run a node. Over the long-term needs to be easier.
  • Need to be able to download chain on consumer-grade computer/hardware
• Delist NFT if you have to travel and don’t want to sell, etc.
• “Everyone’s going to need a profile pic, and there aren’t enough to go around yet” – Brantly
• Can make a career in the next 5-10 years just educating people about the crypto space
  • 3464 creating ebook, zero-knowledge guide for crypto to shorten onboarding
• What are a given developer’s intentions?
• People making NFT their brand.
• Can’t personalize a traditional stock. Can’t influence a stock.
• Human readable ens domains are best, as opposed to those that are not.
• People might rent out virtual land for passive income
• ens decentralized naming system
  • 2 types of names, 3 major use cases
    • 1st type of name: .eth / native to ens / self custody, censorship resistant, [?]
    • 2nd type of name: dns imported to .ens (.com, etc); prove ownership, import to ens;
      can do most of the same things (payments, be web3 username), but security not as good – same as DNS side of things
    • 1st use: Portable user profile. If you own 20 ens names, designate one as reverse record name, represents eth account. Log into web3 apps, identify you as .ens name.
      OpenSea and Showtime and Cryptovoxels, etc., default to .ens as your username; can save profile info – avatar (can be used by apps as cross-platform avatar)
    • 2nd use: Simplified crypto payments. Can store addresses in .ens records. Can receive any crypto (any) or NFT with one name.
    • 3rd use: Decentralized websites. Can store website on something like IPFS. .ens name is pointed. Native support in some browsers like brave and opera.
• Up and coming metaverses for land ownership
• On space with velcraft/3464…
  • Wait until quiet times for gas fees
  • 30 un-minted rats attached to cats
  • Can send someone something and claim they bought it…social gamification
  • If buy “golden poo” then get apes around the world pre-sale
• Things that have utility for crypto winter…
  • What are true economies?
  • What will people want to have no matter what ETH or BTC are doing?
• Theme matches when looking for value
  • Find trait matches after drops to snipe themes
  • Themes might be listed…ideal to go off of stated themes. Otherwise can guess.
• Album cover art might be NFTs
• Low use on something like zcash makes it possible to draw correlations, and therefore make it less anonymous.
• Fantasy, athletes via JerryMaguire2.0
  • Each person collects stats each game
    • Imagine Deandre Hopkins has a token, so that when he has 100yrds + a touchdown, then NFT unlocks, and he gives what he wants. [don’t fully understand what he was saying]