Part-Time Degen: Notes on Speculation & Crypto Markets, 2019 - 2022
I have spent an absolutely absurd amount of my time over the last three years following crypto… the tech, the markets, the culture, the philosophy, the politics, all of it. One reason it has kept my attention for such a sustained period of time is being a participant in the “industry” feels like you’re playing a massive multiplayer online money game (mmOMG?). Everyday magic internet money is flying around, up for grabs, and the dopamine pulls you in. After years of doing the thing: reading bl...
Part-Time Degen: Notes on Speculation & Crypto Markets, 2019 - 2022
I have spent an absolutely absurd amount of my time over the last three years following crypto… the tech, the markets, the culture, the philosophy, the politics, all of it. One reason it has kept my attention for such a sustained period of time is being a participant in the “industry” feels like you’re playing a massive multiplayer online money game (mmOMG?). Everyday magic internet money is flying around, up for grabs, and the dopamine pulls you in. After years of doing the thing: reading bl...
The Case for NFT Perpetuals
by: Ben Roy & Hype.eth TLDR: Perps, or “perpetual swaps” are the largest market in crypto in terms of volume (over spot, options, or anything else). NFTs are a relatively new sub-category of crypto, almost exclusively driven by spot trading with mostly retail money in play. Our contention is that as the NFT space matures, we will see significant adoption of perps for NFTs, and in the process culture will become a deeply liquid asset class. For an early example of this, Milady perp volume was ...
The Case for NFT Perpetuals
by: Ben Roy & Hype.eth TLDR: Perps, or “perpetual swaps” are the largest market in crypto in terms of volume (over spot, options, or anything else). NFTs are a relatively new sub-category of crypto, almost exclusively driven by spot trading with mostly retail money in play. Our contention is that as the NFT space matures, we will see significant adoption of perps for NFTs, and in the process culture will become a deeply liquid asset class. For an early example of this, Milady perp volume was ...
What if there was a PFP federation?
A lot of people I know in crypto are bullish on pfp projects. These collections of “networked art” can be the basis for new internet-native communities, and they have the potential to act as a substrate for cool “applications” related to fashion, gaming, media, etc. It’s also just fun to trade jpegs with your friends on the internet. BUT, a lot of those same people I know are bearish on the current stable of pfp projects we see in the OpenSea top 500. You’ll often hear folks say that 99% of t...
What if there was a PFP federation?
A lot of people I know in crypto are bullish on pfp projects. These collections of “networked art” can be the basis for new internet-native communities, and they have the potential to act as a substrate for cool “applications” related to fashion, gaming, media, etc. It’s also just fun to trade jpegs with your friends on the internet. BUT, a lot of those same people I know are bearish on the current stable of pfp projects we see in the OpenSea top 500. You’ll often hear folks say that 99% of t...
Good Minds Litepaper
By: Ben, Stefan, Erik, Ilan, & Enis NFTs have come a long way in the last 18 months. We’ve gone from little groups geeking out in the CryptoPunks and Art Blocks Discord servers to a fledgling industry that has spawned 9- or 10-figure brands including Bored Ape Yacht Club, RTFKT, Doodles, and of course [my bags]. On one hand, we’re really not early anymore. SNL did a skit on NFTs last year. On the other hand, we’re only starting to see the potential this subset of crypto has beyond speculation...
Good Minds Litepaper
By: Ben, Stefan, Erik, Ilan, & Enis NFTs have come a long way in the last 18 months. We’ve gone from little groups geeking out in the CryptoPunks and Art Blocks Discord servers to a fledgling industry that has spawned 9- or 10-figure brands including Bored Ape Yacht Club, RTFKT, Doodles, and of course [my bags]. On one hand, we’re really not early anymore. SNL did a skit on NFTs last year. On the other hand, we’re only starting to see the potential this subset of crypto has beyond speculation...
The Fat CryptoPunks Thesis
*This essay appears as it was originally published in February 2021 with minor edits As the non-fungible token (NFT) universe grows — both on Ethereum and across different blockchains — I think CryptoPunks will capture more value than any other set of digital art or collectibles. Before I explore why I think this is the case let’s define some terms. Non-fungible tokens are a type of crypto asset that represent unique (or “non-fungible”) digital goods like pieces of art or video game items. As...
The Fat CryptoPunks Thesis
*This essay appears as it was originally published in February 2021 with minor edits As the non-fungible token (NFT) universe grows — both on Ethereum and across different blockchains — I think CryptoPunks will capture more value than any other set of digital art or collectibles. Before I explore why I think this is the case let’s define some terms. Non-fungible tokens are a type of crypto asset that represent unique (or “non-fungible”) digital goods like pieces of art or video game items. As...
