Statistical rarity and visual rarity oftentimes do not correlate. Here’s a quick twitter thread detailing the discrepency. The rarity discussed in this twitter thread is OpenRarity. OpenRarity is an open standard which is trying to become the de facto standard of NFT ranking. Here I am going to propose that the developers make the standard dynamic.Current Ranking systemI am going to keep this section short. Go read the documentation. The key point is the ranking equation:OpenRarity Ranking eq...

Statistical rarity and visual rarity oftentimes do not correlate. Here’s a quick twitter thread detailing the discrepency. The rarity discussed in this twitter thread is OpenRarity. OpenRarity is an open standard which is trying to become the de facto standard of NFT ranking. Here I am going to propose that the developers make the standard dynamic.Current Ranking systemI am going to keep this section short. Go read the documentation. The key point is the ranking equation:OpenRarity Ranking eq...

For context please read the GOO paper by Paradigm: https://www.paradigm.xyz/2022/09/goo This article is not a dig at paradigm or GOO. I enjoy the concept and it was fun to play with differential equations again. GOO is likely to be a stepping stone for future emission schedules but there are shortcomings. GOO is effective at solving the intended problems but creates new problems.The MathGOO is “emitted” by Art Gobblers by integrating across an instantaneous emission over time. Since the emiss...

For context please read the GOO paper by Paradigm: https://www.paradigm.xyz/2022/09/goo This article is not a dig at paradigm or GOO. I enjoy the concept and it was fun to play with differential equations again. GOO is likely to be a stepping stone for future emission schedules but there are shortcomings. GOO is effective at solving the intended problems but creates new problems.The MathGOO is “emitted” by Art Gobblers by integrating across an instantaneous emission over time. Since the emiss...

The correct design of a community can allow for that community to iterate on itself and evolve over time. Well designed dynamic systems can take advantage of the principles of evolution to create self-sustaining communities. This design philosophy will lead to stronger NFT communities because the initial ideation will be updated in real time by real people. One key element of this design is the need for a leader figure who can lay the framework and "seed" the community. This leader serves as ...

The correct design of a community can allow for that community to iterate on itself and evolve over time. Well designed dynamic systems can take advantage of the principles of evolution to create self-sustaining communities. This design philosophy will lead to stronger NFT communities because the initial ideation will be updated in real time by real people. One key element of this design is the need for a leader figure who can lay the framework and "seed" the community. This leader serves as ...

I wanted to perform a post mortem of the NFT bull run. The Narrative of what an NFT is and does was in flux. This essay is my attempt to create a wholistic view of NFTs and their impact on the social structure of buyers. Robust assessments of NFTs are lacking because the phenomenon of NFTs was independent of centralized human creation. We as individuals contributed but the phenomenon was an emergent property of the cryptocurrency space. Emergent properties can be difficult to categorize. I’m ...

I wanted to perform a post mortem of the NFT bull run. The Narrative of what an NFT is and does was in flux. This essay is my attempt to create a wholistic view of NFTs and their impact on the social structure of buyers. Robust assessments of NFTs are lacking because the phenomenon of NFTs was independent of centralized human creation. We as individuals contributed but the phenomenon was an emergent property of the cryptocurrency space. Emergent properties can be difficult to categorize. I’m ...

Humans don’t like new things. “But I do.” You in fact, do not. As human beings, we often resist “new.” This is because we have a natural aversion to risk and a love of familiarity. We are creatures of habit, and when something new is introduced, it can be difficult for us to adapt and embrace it. We experience “newness aversion.” One of the most common examples of this is in the workplace. When a new process or technology is introduced, it is often met with resistance even when the benefit is...

Humans don’t like new things. “But I do.” You in fact, do not. As human beings, we often resist “new.” This is because we have a natural aversion to risk and a love of familiarity. We are creatures of habit, and when something new is introduced, it can be difficult for us to adapt and embrace it. We experience “newness aversion.” One of the most common examples of this is in the workplace. When a new process or technology is introduced, it is often met with resistance even when the benefit is...