Old Fashion Research Partner: Chaotic NFT NYC--Re-Talking About …

2021 was the year of profile picture (PFP) NFTs. Depending on how you value them, both CryptoPunks and Bored Ape Yacht Club have total market caps (# of NFTs * price per NFT) of around $3 billion each. More than just a disconnected network of owners, though, the humans behind the NFT PFP formed communities, online and IRL. First, they met in Discor... See more

If digital art and PFPs are good news for visual artists, fan tokens unlock a whole new value stream for the rest of the entertainment industry (film, music, sports in particular). They also break the stranglehold that LA has over film and music, better connecting up-and-comers, growing the pie for all creators, and slashing LA producer “take rates... See more

NFT collections, and especially the latest wave of ‘avatar communities’ aka PFP collections, have the potential to mirror this healthy dynamic. When we own a SupDuck or Cryptoad, we have a motivation to engage in behavior that makes everyone’s ownership more significant. As ‘residents’ of that virtual neighborhood, we all have an interest in broade... See more