https://nftmagicians.xyz Authors of https://airdropmanager.xyz And other NFT tools...
NFT investment theses
Why moon?“Monetary value is reflection of mindshare” -- https://mobile.twitter.com/ash_bhimasani Price is an objective expression of subjective preferences of the buyer and the seller. If prices are subjective, they can be anything. Yet, can we reason about them? We propose that NFT prices are narrative-driven, that these narratives can be very personal, but also shared, and while the number of possible narratives is infinite, the number of shared ones is necessarily low. In this document we ...
NFT investment theses
Why moon?“Monetary value is reflection of mindshare” -- https://mobile.twitter.com/ash_bhimasani Price is an objective expression of subjective preferences of the buyer and the seller. If prices are subjective, they can be anything. Yet, can we reason about them? We propose that NFT prices are narrative-driven, that these narratives can be very personal, but also shared, and while the number of possible narratives is infinite, the number of shared ones is necessarily low. In this document we ...
Infinite Narratives
Early humans sharing stories around campfireNFTs are mostly short-term investments, with buyers hoping for a quick buck, but to explain why NFTs have a price we have to dig deeper and visit the weird subset of NFT buyers who are not investors. To say that NFT price is market-determined, and driven by narratives, is not controversial. But there is something very peculiar about it, very different from how coin and token prices are also driven by narratives. Bitcoin, for example, is mainly drive...
Infinite Narratives
Early humans sharing stories around campfireNFTs are mostly short-term investments, with buyers hoping for a quick buck, but to explain why NFTs have a price we have to dig deeper and visit the weird subset of NFT buyers who are not investors. To say that NFT price is market-determined, and driven by narratives, is not controversial. But there is something very peculiar about it, very different from how coin and token prices are also driven by narratives. Bitcoin, for example, is mainly drive...
The counterintuitive case for private blockchains
https://upload.wikimedia.org/wikipedia/en/1/15/Windows_3.0_workspace.pngPrivate/owned/controlled blockchains come under many names on many different platforms but a good working definition is: any blockchain where there is an entity or a small set of entities who can plausibly censor the network. Examples are corporate internal blockchains, as well as inter-corporate (say, a blockchain for banks) or government-controlled blockchains. Such blockchains defeat the purpose of blockchains because ...
The counterintuitive case for private blockchains
https://upload.wikimedia.org/wikipedia/en/1/15/Windows_3.0_workspace.pngPrivate/owned/controlled blockchains come under many names on many different platforms but a good working definition is: any blockchain where there is an entity or a small set of entities who can plausibly censor the network. Examples are corporate internal blockchains, as well as inter-corporate (say, a blockchain for banks) or government-controlled blockchains. Such blockchains defeat the purpose of blockchains because ...
What is an NFT?
A blockhchain with some NFTsHere is an attempt to define what is an NFT. Arabs have a saying about everything coming and going but the pyramids being there forever, defying time. The blockchains are the pyramids of our time. The internet was built to survive nuclear war by using stateless protocols that enable the network to survive even with many of its nodes being down. Blockchain is a step further… humanity’s attempt to create a verifiable state (of information)… such that will survive eve...
What is an NFT?
A blockhchain with some NFTsHere is an attempt to define what is an NFT. Arabs have a saying about everything coming and going but the pyramids being there forever, defying time. The blockchains are the pyramids of our time. The internet was built to survive nuclear war by using stateless protocols that enable the network to survive even with many of its nodes being down. Blockchain is a step further… humanity’s attempt to create a verifiable state (of information)… such that will survive eve...
NFT as unofficial but de facto (optimistic) register of offchain property ownership
A traditional property registryIt’s a familiar thesis: blockchains are ideal property registers because they are fully open, easy to access, impossible to take down or censor. Also, transferring blockchain assets is trivial and independent of traditional third parties like banks and lawyers. So why hasn’t it caught on? Multiple startups have been on the problem since (at least) 2017. There are various UX challenges that need to be solved in clever ways but the most difficult of them is:Irrevo...
NFT as unofficial but de facto (optimistic) register of offchain property ownership
A traditional property registryIt’s a familiar thesis: blockchains are ideal property registers because they are fully open, easy to access, impossible to take down or censor. Also, transferring blockchain assets is trivial and independent of traditional third parties like banks and lawyers. So why hasn’t it caught on? Multiple startups have been on the problem since (at least) 2017. There are various UX challenges that need to be solved in clever ways but the most difficult of them is:Irrevo...
