1/4 of gamers buy in-game virtual items & spend an average of ~170$ each year (may differ in different studies). How much of that goes back to the gaming community? 0% (Roblox is an exception). Vs. the gaming company? 100%. It just makes sense from a user's perspective that in the future those games whichincentivize usage/activity through tokens, i.e. play-to-earn,offer the possibility to really own/sell/export the virtual items (through NFTs) andoffer a marketplace where users get a cut...

1/4 of gamers buy in-game virtual items & spend an average of ~170$ each year (may differ in different studies). How much of that goes back to the gaming community? 0% (Roblox is an exception). Vs. the gaming company? 100%. It just makes sense from a user's perspective that in the future those games whichincentivize usage/activity through tokens, i.e. play-to-earn,offer the possibility to really own/sell/export the virtual items (through NFTs) andoffer a marketplace where users get a cut...

There is this anecdote about Joe Kennedy, JFK’s father, who got out of the stock market shortly before the Great Depression, because his shoeshine boy gave him investment tips. It is now referred to the Shoeshine Boy Indicator. I think we’re at a stage of the NFT (collectibles) market, where scams, rug pulls and unethical influencer behavior are everywhere, with some estimates as high as 80% of all current NFT (PFP?) projects. This comes in addition to the usual “number go up” and “to the moo...

There is this anecdote about Joe Kennedy, JFK’s father, who got out of the stock market shortly before the Great Depression, because his shoeshine boy gave him investment tips. It is now referred to the Shoeshine Boy Indicator. I think we’re at a stage of the NFT (collectibles) market, where scams, rug pulls and unethical influencer behavior are everywhere, with some estimates as high as 80% of all current NFT (PFP?) projects. This comes in addition to the usual “number go up” and “to the moo...

We're at the beginning of a new media culture—with new dominant players emerging in the form of crypto-native brands (e.g. BAYC). The establishment brands will try to leverage their existing influence (incl. money) and try to stay relevant. We will likely see more and more of these traditional brands entering our space. Nothing wrong with that per se: building self-governed communities, using blockchain technology or even participating in the growing significance of online experience and...

We're at the beginning of a new media culture—with new dominant players emerging in the form of crypto-native brands (e.g. BAYC). The establishment brands will try to leverage their existing influence (incl. money) and try to stay relevant. We will likely see more and more of these traditional brands entering our space. Nothing wrong with that per se: building self-governed communities, using blockchain technology or even participating in the growing significance of online experience and...

Began my journey in July with a Hirst Currency... bought in fiat & with my credit card. Bridged it from Palm to Ethereum, a month later sold it for 13.5e. My first eth. And so it began... Made a web3 Twitter alt to not mingle CT with my regular Twitter activity (which was and still is declining steadily since I joined in 2007). Got a tip from a friend, minted an NFT for 0.1e and instantly flipped it for 0.7e. Became addicted and thought this is the standard in web3 (had to learn the hard way ...

Began my journey in July with a Hirst Currency... bought in fiat & with my credit card. Bridged it from Palm to Ethereum, a month later sold it for 13.5e. My first eth. And so it began... Made a web3 Twitter alt to not mingle CT with my regular Twitter activity (which was and still is declining steadily since I joined in 2007). Got a tip from a friend, minted an NFT for 0.1e and instantly flipped it for 0.7e. Became addicted and thought this is the standard in web3 (had to learn the hard way ...

One reason centralized exchanges have flourished is because of the high access barriers today's self-custodial solutions, wallets and hardware security devices, still have. We have seen where this approach has led us. Self-custody software interfaces are still rudimentary, can be confusing and current hardware security devices are clunky, look like USB sticks (which can distort the perception and make it look like the owned assets are actually stored on the device, like a hard drive) and...

One reason centralized exchanges have flourished is because of the high access barriers today's self-custodial solutions, wallets and hardware security devices, still have. We have seen where this approach has led us. Self-custody software interfaces are still rudimentary, can be confusing and current hardware security devices are clunky, look like USB sticks (which can distort the perception and make it look like the owned assets are actually stored on the device, like a hard drive) and...

I loved this anecdote from Jesse Walden’s post about the ownership economy: (…) When BitTorrent first became popular, Netflix was still mailing DVDs in the mail. Meanwhile, the peer-to-peer technology enabled consumers to access music, movies, software, and video games instantaneously, as if the files were already on their hard drives. By 2004, BitTorrent comprised one-third of all internet traffic. Consumers’ passion for torrenting signaled that they wanted to access the world’s media at the...

I loved this anecdote from Jesse Walden’s post about the ownership economy: (…) When BitTorrent first became popular, Netflix was still mailing DVDs in the mail. Meanwhile, the peer-to-peer technology enabled consumers to access music, movies, software, and video games instantaneously, as if the files were already on their hard drives. By 2004, BitTorrent comprised one-third of all internet traffic. Consumers’ passion for torrenting signaled that they wanted to access the world’s media at the...

Recently, Wolf Game launched their second mini-game (or pre-game): Cave Game. This is their first 3rd-person-view game, after the previous mini-game Alpha Game was interface-only, where users could stake their NFT assets in one of several Wolf Packs to compete for $WOOL — the game's native currency, which can then can be used to buy digital objects within the game’s internal economy in the yet-to-be released full game. Risk-based NFT Games Wolf Game was a pioneer in combining NFT and DeF...

Recently, Wolf Game launched their second mini-game (or pre-game): Cave Game. This is their first 3rd-person-view game, after the previous mini-game Alpha Game was interface-only, where users could stake their NFT assets in one of several Wolf Packs to compete for $WOOL — the game's native currency, which can then can be used to buy digital objects within the game’s internal economy in the yet-to-be released full game. Risk-based NFT Games Wolf Game was a pioneer in combining NFT and DeF...