NFTfi: A Case for the Financialization of JPEGs
The Big PictureWhat is NFTfi? The merge of NFTs and DeFi, using NFTs as the foundational layer upon which to build economic infrastructure.NFT Overall Daily Volume since Jan 2020, Dune Analytics (dashboard by @abhi_0x)NFTfi is mirroring DeFi We are seeing undeniable parallels between the early development of DeFi and the financialization of NFTs as they evolve beyond static art. A little history: ICO boom. The year 2017 marked the ICO boom which became a novel use case for Ethereum. In its es...
NFTfi: A Case for the Financialization of JPEGs
The Big PictureWhat is NFTfi? The merge of NFTs and DeFi, using NFTs as the foundational layer upon which to build economic infrastructure.NFT Overall Daily Volume since Jan 2020, Dune Analytics (dashboard by @abhi_0x)NFTfi is mirroring DeFi We are seeing undeniable parallels between the early development of DeFi and the financialization of NFTs as they evolve beyond static art. A little history: ICO boom. The year 2017 marked the ICO boom which became a novel use case for Ethereum. In its es...
Risk-adjusted Gambling? Welcome to Web3
History shows us that humans enjoy venturing past the limits of safety. We like risk and the idea of finding value in the unknown, especially when there is an economic incentive in doing so. Think the Silk Road, European explorers, etc. We have even built entire markets around this, some more risk-adjusted than others (equity markets, gambling — lotteries, casinos, etc.). Let’s zoom into gambling. Gambling can be traced back to 2300 BC in “Ancient China where tiles were unearthed which appear...
Risk-adjusted Gambling? Welcome to Web3
History shows us that humans enjoy venturing past the limits of safety. We like risk and the idea of finding value in the unknown, especially when there is an economic incentive in doing so. Think the Silk Road, European explorers, etc. We have even built entire markets around this, some more risk-adjusted than others (equity markets, gambling — lotteries, casinos, etc.). Let’s zoom into gambling. Gambling can be traced back to 2300 BC in “Ancient China where tiles were unearthed which appear...
