Attempting to correct the myriad misconceptions surrounding NFT’s would be an endless task; this article will focus not on what they are not, but for what they are: an immutable cryptographic deed formed by a trustless ledger of provenance. Like fungible cryptocurrency before it, they are an innovation built off trustless blockchain breakthrough which will be key to furthering the mechanisms of decentralized finance.What is an NFT?Defining an NFT itself is uncomplicated, but seeing what abstr...

Attempting to correct the myriad misconceptions surrounding NFT’s would be an endless task; this article will focus not on what they are not, but for what they are: an immutable cryptographic deed formed by a trustless ledger of provenance. Like fungible cryptocurrency before it, they are an innovation built off trustless blockchain breakthrough which will be key to furthering the mechanisms of decentralized finance.What is an NFT?Defining an NFT itself is uncomplicated, but seeing what abstr...

The original and highest valued pfpNFT - Cryptopunks.Defining pfpNFTA variety of terms are thrown about to describe what I’ve taken to calling pfpNFTs (“avatar projects”, “profile NFTs”, “identity NFts”). These describe a very specific segment of NFT’s recently blowing up in popularity: generative art produced in large, unique batches (popular projects ranging from 5,000 to 20,000; with 10,000 being the median and rule of thumb) tokenized as NFT’s, with a speculative aftermarket value tied to...

The original and highest valued pfpNFT - Cryptopunks.Defining pfpNFTA variety of terms are thrown about to describe what I’ve taken to calling pfpNFTs (“avatar projects”, “profile NFTs”, “identity NFts”). These describe a very specific segment of NFT’s recently blowing up in popularity: generative art produced in large, unique batches (popular projects ranging from 5,000 to 20,000; with 10,000 being the median and rule of thumb) tokenized as NFT’s, with a speculative aftermarket value tied to...

Milady Maker is a collection of 10,000 generative pfpNFT’s in a neochibi aesthetic with randomized cosmetics inspired by 00’s Tokyo street fashion. Under the vision of digital artist Milady Sonora, Milady’s are designed to be fashion-minded and genuinely good social media avatars, and an invitation into their personal aesthetic world.Sample MiladySample Milady I helped Milady Sonora conceptualize and design the Milady Maker project into something suitable for a pfpNFT, a practical execution o...

Milady Maker is a collection of 10,000 generative pfpNFT’s in a neochibi aesthetic with randomized cosmetics inspired by 00’s Tokyo street fashion. Under the vision of digital artist Milady Sonora, Milady’s are designed to be fashion-minded and genuinely good social media avatars, and an invitation into their personal aesthetic world.Sample MiladySample Milady I helped Milady Sonora conceptualize and design the Milady Maker project into something suitable for a pfpNFT, a practical execution o...

It's time to talk about NFT secondary royalties, a poorly thought out monetization model that's inadvertently become a standard in the NFT art world despite its misaligned incentives, lack of decentralized enforcement and ethical ambiguity. The goals are sincere, to help artists capture high aftermarket valuations, but ignore the more optimal alternative of artist's reserve, attempting to solve a perceived IRL art world "unfairness" that doesn't actually exist.The Problems...

It's time to talk about NFT secondary royalties, a poorly thought out monetization model that's inadvertently become a standard in the NFT art world despite its misaligned incentives, lack of decentralized enforcement and ethical ambiguity. The goals are sincere, to help artists capture high aftermarket valuations, but ignore the more optimal alternative of artist's reserve, attempting to solve a perceived IRL art world "unfairness" that doesn't actually exist.The Problems...

On September 17th, Infernaltoast.eth quietly announced a new project, On Secondary - an open-source secondary marketplace for listing ArtBlocks projects at no-fee. Negative reaction was swift from certain CT users who accused the project of stealing artist and AB's due royalties. Infernaltoast.eth responded by deleting the post and temporarily taking down the website, but leaving the code up and a Discord where discussion shortly flourished on the complications behind secondary royalties...

On September 17th, Infernaltoast.eth quietly announced a new project, On Secondary - an open-source secondary marketplace for listing ArtBlocks projects at no-fee. Negative reaction was swift from certain CT users who accused the project of stealing artist and AB's due royalties. Infernaltoast.eth responded by deleting the post and temporarily taking down the website, but leaving the code up and a Discord where discussion shortly flourished on the complications behind secondary royalties...

Originally published August 2021. Follow-up in November 2021. Nouns.wtf (Twitter) dropped this week with an auction that sold for 613 E (a little under $2 million at the time of sale). A very impressive sale for a new generative NFT project - the best are lucky to mint their entire 10K collections for about that much. The hype is in part due to its influencer packed ‘team’, but also its novel launch: one NFT auctioned every day, forever, with each sale funding a treasury that each NFT acts as...

Originally published August 2021. Follow-up in November 2021. Nouns.wtf (Twitter) dropped this week with an auction that sold for 613 E (a little under $2 million at the time of sale). A very impressive sale for a new generative NFT project - the best are lucky to mint their entire 10K collections for about that much. The hype is in part due to its influencer packed ‘team’, but also its novel launch: one NFT auctioned every day, forever, with each sale funding a treasury that each NFT acts as...