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nis.ethNFT Inside
Scroll to the end to collect “NFT Inside” logo. The other day, Jacob shared a blog post describing an experiment he was working on with a fun little signifier to let readers know the post included something to collect: [NFT Inside].NFT InsideI thought it was a great little meme summarizing a fundamentally new experience enabled by web3. Web3 media always gives you something to take with you, to own and collect, to add to your digital inventory. It reminds me of cereal boxes that came with toy...
nis.ethBridge Pass—or how to make L2 bridging fun with NFTs
Layer 2 roll-ups hold promise to scale Ethereum, making transactions much cheaper and faster, and enabling entirely new classes of applications, without compromising on security. But today there’s a significant usability hurdle with getting funds onto an L2. Users first need to “bridge” them from Ethereum, and bridging offers a poor UX:It is slow. Users are used to transactions confirming in a few minutes on L1, bridging can take over 20 minutes.It is expensive. Bridging costs around 150k gas...
nis.ethCollect is the new Like
Likes are the backbone of web2 social media. Often expressed as a heart, they’ve taken on meanings of their own. They’re as much ammo as they are currency—invoking support as much as they do jealousy or a cold shoulder. More recently, a like has come to mean about as much as “lol” entails actual laughter. No one’s really laughing out loud. With so many opportunities to like something (see Kyle Chayka’s Like Inflation), the gesture has pretty much lost its significance altogether. So why do we...
nis.ethNFT Inside
Scroll to the end to collect “NFT Inside” logo. The other day, Jacob shared a blog post describing an experiment he was working on with a fun little signifier to let readers know the post included something to collect: [NFT Inside].NFT InsideI thought it was a great little meme summarizing a fundamentally new experience enabled by web3. Web3 media always gives you something to take with you, to own and collect, to add to your digital inventory. It reminds me of cereal boxes that came with toy...
nis.ethBridge Pass—or how to make L2 bridging fun with NFTs
Layer 2 roll-ups hold promise to scale Ethereum, making transactions much cheaper and faster, and enabling entirely new classes of applications, without compromising on security. But today there’s a significant usability hurdle with getting funds onto an L2. Users first need to “bridge” them from Ethereum, and bridging offers a poor UX:It is slow. Users are used to transactions confirming in a few minutes on L1, bridging can take over 20 minutes.It is expensive. Bridging costs around 150k gas...
nis.ethCollect is the new Like
Likes are the backbone of web2 social media. Often expressed as a heart, they’ve taken on meanings of their own. They’re as much ammo as they are currency—invoking support as much as they do jealousy or a cold shoulder. More recently, a like has come to mean about as much as “lol” entails actual laughter. No one’s really laughing out loud. With so many opportunities to like something (see Kyle Chayka’s Like Inflation), the gesture has pretty much lost its significance altogether. So why do we...
Why is it that I can send anyone with an Internet connection and smart phone a photograph freely and instantly, but sending the same person money is hindered by seemingly arbitrary constraints, like geography or days of the week?
Until the arrival of crypto, sharing information online existed in a technically separate system and on different terms than sharing value.
Sharing information is Internet-native—defined by interoperable protocols and file formats, encoded as bits that can be sent independently between any two nodes in the network. Sharing value, on the other hand, has relied on pre-Internet financial and monetary infrastructure that inherited all the political and technological limitations of those underlying systems.
Crypto's innovation is infusing value exchange with all the desirable attributes of a digitally-native information medium—programmability, interoperability, composability, virality, transferability. Importantly, crypto solved the one major limitation of digital mediums that previously made them unsuitable for a purely digital representation of value—scarcity guarantees.
Crypto protocols therefore blur the line between information and value. They encode value as information, and, consequently, information as value. Crypto turns media into financial assets, and as well as financial assets into media.
With crypto, sending five dollars to a relative across the globe is finally as easy as sending them a family photo.
This is why with Mirror, we're building a new publishing platform on top of crypto. We've seen the impact of Internet-enabled publishing over the past three decades, facilitated by the programmable spread of information. Now, it's time to run the experiment at the intersection of publishing and the programmable spread of value.
This is my new blog. Going forward, I will talk about Mirror and explore ideas at the intersection of value and information exchange in more depth here.
Why is it that I can send anyone with an Internet connection and smart phone a photograph freely and instantly, but sending the same person money is hindered by seemingly arbitrary constraints, like geography or days of the week?
Until the arrival of crypto, sharing information online existed in a technically separate system and on different terms than sharing value.
Sharing information is Internet-native—defined by interoperable protocols and file formats, encoded as bits that can be sent independently between any two nodes in the network. Sharing value, on the other hand, has relied on pre-Internet financial and monetary infrastructure that inherited all the political and technological limitations of those underlying systems.
Crypto's innovation is infusing value exchange with all the desirable attributes of a digitally-native information medium—programmability, interoperability, composability, virality, transferability. Importantly, crypto solved the one major limitation of digital mediums that previously made them unsuitable for a purely digital representation of value—scarcity guarantees.
Crypto protocols therefore blur the line between information and value. They encode value as information, and, consequently, information as value. Crypto turns media into financial assets, and as well as financial assets into media.
With crypto, sending five dollars to a relative across the globe is finally as easy as sending them a family photo.
This is why with Mirror, we're building a new publishing platform on top of crypto. We've seen the impact of Internet-enabled publishing over the past three decades, facilitated by the programmable spread of information. Now, it's time to run the experiment at the intersection of publishing and the programmable spread of value.
This is my new blog. Going forward, I will talk about Mirror and explore ideas at the intersection of value and information exchange in more depth here.
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