Notes 0004

Rough notes collected via twitter spaces. These notes do not necessarily represent my own thoughts/beliefs.

• Someone mentioned that Gamestop hired serious players as developers and want to get into NFTs, that it’s a “good bet”
  • If Gamestop introduces NFTs, it will bring all of r/wallstreetbets to NFTs
  • NFTs have value in part because of Metcalfe’s law. [?]. New primitive in art.
• Keith Grossman…Robert Putnam book? Society built around…
  • Seeing similar trends in NFT space?
• Bullying clon (Cool Cats artist) for alpha XD
• “great ideas need to look on their surface like a bad idea because if they were obviously good ideas….”
• Keith Grossman: something coming from TIME….farokh will be able to post it
• Keith Grossman: seeing a lot of eagerness and curiosity in institutional world
  • but way NFT ecosystem operates very differently from way media ecosystem does
  • went to a brand
  • offered cash + term for NFT
  • Keith: no, pay me in ETH and give me 0 float
  • brand: what does that mean?
  • Keith: give me ETH, pay me today
  • brand: that’s not how this works
• Flip side: brands are eager but want to get too gimmicky
• Keith: w/ 1-on-1 TIME pieces, adamant that they are pieces of art; limit supply; specific pieces; will not just allow brands to come in and collaborate with time. Everything being built with community first, backwards into brand. Thinking about community first.
• ETH addresses of some might get flooded with spam NFTs when more people come into space. Have junk email address, need junk ETH addresses.
• John Knoph working on fractionalizing work of some photographers, putting it into vault, building community
• Farokh: people can think of certain NFTs as a marketing expense
  • Visa
  • Arizona iced tea
• Keith dropping something in 9-10 days (sept 14-15)?
• talking about buying a “lifelong” NFT
• kinda funny when 250 ppl are listening and Farokh is trying to figure out what to order for dinner