added by sari and · updated 2y ago
Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick
- PartyBid makes NFTs more social, with a literal party upfront and the opportunity for hundreds of people to buy, own, and manage expensive NFTs together in the back.
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago
- Social networks reward early adopters, and a social network with money baked in gives early believers a double-whammy. Go explore. Find an NFT that resonates with you. Join a PartyBid. Get involved. And for the love of god, don’t be one of those older folks that scoffs at NFTs.
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago
- Owning a CryptoPunk or a Bored Ape, and often displaying it as your Twitter or Discord or Telegram profile pic, says something about you. They say that you were either early, or you’re rich, or you were early and now you’re rich.
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago
- Utility is relatively easy to understand. If you can find the answer to your question on Quora or easily reach an old high school friend whose number you lost on Facebook, those products are providing you utility.
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago
- That said, NFTs will face an asymptote from crypto adoption and affordability. NBA TopShot and Fractional are steps in the right direction, and no doubt more innovation will come to make NFTs more accessible to a wider group of people while retaining the benefits of scarcity, or replacing scarcity with other benefits, like community.
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago
- On the deflation side, social networks can get less cool as more people join. The canonical example here is what happened to Facebook when parents started joining: all the young people left for Instagram and Snapchat. Social networks need to be analyzed based on more than their network effects... There are three axes for analyses: Social Capital, U... See more
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago
- NFTs aren’t a social network in the traditional sense. There isn’t a NFT, Inc. They don’t have a home, one place where every NFT owner congregates and NFT, Inc. aggregates. Maybe OpenSea does it? Maybe it’s something like blockchain games/virtual worlds like CryptoVoxels, Decentraland, or The Sandbox. Maybe someone builds a pseudonymous social netw... See more
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago
- It wasn’t that network effects and Metcalfe’s Law were wrong, it was just that they didn’t capture the reasons that someone might use a social network beyond pure utility, so Wei proposed a new framework for analyzing social networks’ strength that added social capital to the mix.
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago
- What if you could get the benefits of a social network in a more portable, decentralized package? It’s time to turn it over to NFTs.
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
sari added 2y ago