<100 subscribers
Share Dialog
Share Dialog
Hi friends,
I loved receiving replies to last week’s newsletter from subscribers near and far. Please don’t hesitate to reply here, I’d love to hear what you’re thinking about.
Love,
Editors: Miranda
Polymarket at the Golden Globes. By now, you’ve probably seen this.
Most of the markets called the correct award outcomes, which is a feat, though the reception felt mixed. I loved it, and kept imagining Kylie getting bored and ripping some mid-ceremony bets. However, TBD on whether it was a fruitful endeavor for Polymarket. Market volume felt low relative to broadcast viewership (last year was 9.3 million), with markets averaging roughly $150K in trading volume. It seems that conversion from TV viewership to betting transactions was low, though it probably was a brand marketing play anyway. I expect next year will feel quite different.
Vertical Integration. “There’s only two ways I know of to make money: bundling and unbundling,” says Jim Barksdale, the former Netscape CEO. Crypto has been ruthlessly unbundling finance for years (complimentary), and many folks are making a play to be the king bundler as the industry matures. Stablecoin adoption is the main catalyst for this, so much so that JPMorgan is talking about this dangerous “parallel banking system” on earnings calls. We know Stripe is making a play, but as of this week so is Polygon, as they’ve announced more acquisitions to further their vertically integrated, easy-to-plug-into enterprise offering. Decentralized Stripe? Call it a…heated rivalry.
NYC Token. Former NYC Mayor Eric Adams launched NYC Coin, and immediately removed all the liquidity, executing a textbook rug pull. I’m not going to write any more about this as it’s an absolute clown show, but it’s worth knowing it happened.
Quick Hits.
NYC residents, hire this locksmith.
New, wild conspiracy theory just dropped. This one might be a runner so invest early.
A new class of drugs is being developed that can be switched on by a magnetic field, with a goal of being able to work selectively on active tumors.
Hi friends,
I loved receiving replies to last week’s newsletter from subscribers near and far. Please don’t hesitate to reply here, I’d love to hear what you’re thinking about.
Love,
Editors: Miranda
Polymarket at the Golden Globes. By now, you’ve probably seen this.
Most of the markets called the correct award outcomes, which is a feat, though the reception felt mixed. I loved it, and kept imagining Kylie getting bored and ripping some mid-ceremony bets. However, TBD on whether it was a fruitful endeavor for Polymarket. Market volume felt low relative to broadcast viewership (last year was 9.3 million), with markets averaging roughly $150K in trading volume. It seems that conversion from TV viewership to betting transactions was low, though it probably was a brand marketing play anyway. I expect next year will feel quite different.
Vertical Integration. “There’s only two ways I know of to make money: bundling and unbundling,” says Jim Barksdale, the former Netscape CEO. Crypto has been ruthlessly unbundling finance for years (complimentary), and many folks are making a play to be the king bundler as the industry matures. Stablecoin adoption is the main catalyst for this, so much so that JPMorgan is talking about this dangerous “parallel banking system” on earnings calls. We know Stripe is making a play, but as of this week so is Polygon, as they’ve announced more acquisitions to further their vertically integrated, easy-to-plug-into enterprise offering. Decentralized Stripe? Call it a…heated rivalry.
NYC Token. Former NYC Mayor Eric Adams launched NYC Coin, and immediately removed all the liquidity, executing a textbook rug pull. I’m not going to write any more about this as it’s an absolute clown show, but it’s worth knowing it happened.
Quick Hits.
NYC residents, hire this locksmith.
New, wild conspiracy theory just dropped. This one might be a runner so invest early.
A new class of drugs is being developed that can be switched on by a magnetic field, with a goal of being able to work selectively on active tumors.
Boys Club
Boys Club
No comments yet