We Like the Nouns

Open blockchains convert belief to true ownership

There are basic human needs (food, water, shelter) that must be met for us to live. But outside of those needs isn’t the rest of the value in the world just in our head and determined by what we collectively believe?

There’s no mimetic bubble around Nouns DAO — it’s just got a great vibe, a small community of true believers, and an authentic creation that’s introducing many new ideas to the space. I believe these are the types of NFTs that will capture the most value long-term. Ultimately this is just my belief of course and the market will reveal the truth in ... See more

Hyper-mimetic bubbles often indicate the long-term macro trend is very real, but the people/projects capturing the hype in the short-run may not be.

The internet + crypto is starting to reveal this with the explosion of interest in meme stocks, meme coins, and NFTs.

It’s always been possible for humans to believe whatever we want, but open blockchains like Ethereum made it possible for anyone to convert belief into true ownership. Anyone on the planet with an internet connection can create a cryptocurrency or NFT and own or distribute it to others without permission from any gatekeepers. It doesn’t matter who ... See more