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Activities and practices, narratives, and knowledge, which are equally vital components of culture, will instead take precedence. Memes, discourses, aesthetics, language, specialized knowledge and activities, all taking place online, will be the vehicles of lifestyle performance and participation. We’re already seeing plenty of new reading groups, ... See more

The Axie protocol generates revenue by taking a 4.25% fee when players buy and sell Axie NFTs in its marketplace, and by charging fees for breeding Axies to create new ones in the form of its tokens, Axie Infinity Shards (AXS) and Smooth Love Potion (SLP).

We are used to closed source companies capturing the value. Now, open-source protocols capture value. “This is the next phase of the internet after mobile” – Naval Ravikant

This all means that NFT-based markets can emerge and gain traction quickly, especially relative to other crypto products. This is both because the NFTs themselves have standalone value — you might buy an art NFT simply because you like it — and because NFTs just need to establish value among a community of potential owners (which can be relatively ... See more

First time I’ve seen this when deleting an app

Until recently, idea capital in tech was constrained, and mostly only accessible by startup founders. If you had an idea for improving public society that required money and talent to execute, and you didn’t do it as a startup, you either had to get the EA community to care about it, or – as the old joke goes – convince Peter Thiel to fund it.