Strategy, writing, and collecting jpegs.
dontfeedwolf.ethSecuring Discord
Permissions and roles, the administrator needs to understand every permission and role in order to limit the attack vector and limit exposure. It’s about accountability, and taking responsibility for things we can control and understanding where we are vulnerable. Every discord we build should be built in mind with each and every single user being subject to compromise. Therefore, we have a PLAN in place BEFORE the attack, and do everything we can to mitigate and sometimes null the attack (be...
dontfeedwolf.ethFrom 2023 into 2024
To dive directly into the highlights, skip down below to the End of the Year Web3 Highlights header. Otherwise enjoy this upfront read as a nice preface before diving in. As always, none of this is financial advice nor an endorsement of anything mentioned.Upfront Context:Reading last year’s End of the Year Recap made me reflect on how dated any mention of a project’s innovation can become, by the sole fact that most NFT projects die. Then again, even non-nft project posts can become dated.Rec...
dontfeedwolf.ethEnd of the Year web3 Highlights
This is my own personal list, not affiliated with any projects listed or any affiliation to my jobs or any work within this space. Not a shill, just a moment of reflection.TokenProofIf you went to an event in 2022, chances are you used TokenProof. Being able to physically confirm ownership without having to carry wallet that has the assets in them is HUGE move forward.. Including this at the top, after forgetting it for a moment because this is BIG and look forward to more innovation like thi...
dontfeedwolf.ethSecuring Discord
Permissions and roles, the administrator needs to understand every permission and role in order to limit the attack vector and limit exposure. It’s about accountability, and taking responsibility for things we can control and understanding where we are vulnerable. Every discord we build should be built in mind with each and every single user being subject to compromise. Therefore, we have a PLAN in place BEFORE the attack, and do everything we can to mitigate and sometimes null the attack (be...
dontfeedwolf.ethFrom 2023 into 2024
To dive directly into the highlights, skip down below to the End of the Year Web3 Highlights header. Otherwise enjoy this upfront read as a nice preface before diving in. As always, none of this is financial advice nor an endorsement of anything mentioned.Upfront Context:Reading last year’s End of the Year Recap made me reflect on how dated any mention of a project’s innovation can become, by the sole fact that most NFT projects die. Then again, even non-nft project posts can become dated.Rec...
dontfeedwolf.ethEnd of the Year web3 Highlights
This is my own personal list, not affiliated with any projects listed or any affiliation to my jobs or any work within this space. Not a shill, just a moment of reflection.TokenProofIf you went to an event in 2022, chances are you used TokenProof. Being able to physically confirm ownership without having to carry wallet that has the assets in them is HUGE move forward.. Including this at the top, after forgetting it for a moment because this is BIG and look forward to more innovation like thi...
Strategy, writing, and collecting jpegs.
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Title: Clearing the Blur: Rethinking NFTs and Digital Collectibles
The freedom to transact principle allows for the existence of blur, even if some label NFTs as shitcoins. It's not up to any single person to decide their treatment.
Blur thrives because it can, driven by speculation and profit-seeking traders. For NFTs and digital collectibles to evolve, changes must come from both creators and collectors.
The key difference between fungible and non-fungible tokens lies in their individuality. When floor prices become the sole measure of value, these distinctions blur.
Blur capitalized on a market created by its participants, but it's not the root cause. If removed, another would replace it.
To address this issue, consider:
a. Emphasizing rarity's power b. Valuing collections as a whole, not just the "floor price" c. Recognizing fair entry points and supply increases as normal
Traditional collectibles show that entry prices don't impact the value of rarer items. The primary market offers fair entry points, while the secondary market typically presents "good deals."
For example, The Walking Dead comic's first issue now sells for thousands, but it initially cost $4.99. Its value rose over time as demand outpaced supply.
We need to better highlight digital collectibles and celebrate them, focusing on whole collections rather than just rare items. Improved pricing models and responsible buying habits can help separate NFTs as shitcoins from legitimate collectibles and art.
Ultimately, it's up to creators, collectors, and the market to determine the future of NFTs and digital collectibles, making the distinction clear for consumers.
Title: Clearing the Blur: Rethinking NFTs and Digital Collectibles
The freedom to transact principle allows for the existence of blur, even if some label NFTs as shitcoins. It's not up to any single person to decide their treatment.
Blur thrives because it can, driven by speculation and profit-seeking traders. For NFTs and digital collectibles to evolve, changes must come from both creators and collectors.
The key difference between fungible and non-fungible tokens lies in their individuality. When floor prices become the sole measure of value, these distinctions blur.
Blur capitalized on a market created by its participants, but it's not the root cause. If removed, another would replace it.
To address this issue, consider:
a. Emphasizing rarity's power b. Valuing collections as a whole, not just the "floor price" c. Recognizing fair entry points and supply increases as normal
Traditional collectibles show that entry prices don't impact the value of rarer items. The primary market offers fair entry points, while the secondary market typically presents "good deals."
For example, The Walking Dead comic's first issue now sells for thousands, but it initially cost $4.99. Its value rose over time as demand outpaced supply.
We need to better highlight digital collectibles and celebrate them, focusing on whole collections rather than just rare items. Improved pricing models and responsible buying habits can help separate NFTs as shitcoins from legitimate collectibles and art.
Ultimately, it's up to creators, collectors, and the market to determine the future of NFTs and digital collectibles, making the distinction clear for consumers.
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