Non-Fungible Tokens (NFTs)

1/ NFTs as JPEGS will not be the dominant mental model of what they are in the future. Feels very much like "NFT 1.0" which is probably worth coining because similar to "Web X.0," the scale of NFTs' impact will be similar.

Unlike visual nfts which naturally had a surface area on which to flex ownership (Twitter & particularly the profile pic), other categories of NFTs don't naturally have a space for showcasing ownership. Music NFTs, fashion NFTs, writing NFTs all need new consumption experiences.

Music NFTs are where digital art was in 2020: About to redefine the value and (100x) the business model of the medium forever. 🧵

1/ Wealth is a claim on other people's time There are a lot of theories on what money is, on what wealth is. Economists have written very long books on this. It is debt, it is the evolution of barter, it is an information system, etc, etc. All of these are true... See more