This paper introduces a dual-token capital structure as an alternative to the prevailing single-token model in web3 ecosystems. Most current NFT project tokens are purely speculative and face structural challenges related to persistent sell pressure and a lack of embedded demand mechanisms. The proposed model separates the roles of value storage and speculative exposure by introducing a stablecoin ("NFT-USD") alongside a fungible project token ("$NFT"). Yield generated from stablecoin reserves is used to support the ecosystem through token buybacks, creating a feedback loop that addresses long-term sustainability and value retention.

Introduction

The recent expansion of stablecoin infrastructure and fungible tokens from NFT projects presents a timely opportunity to revisit foundational concepts in digital asset mechanism design. This paper proposes a dual-token model for web3 projects that integrates a stablecoin ("NFT-USD"), acting analogously to traditional fixed-income instruments, and an equity-like token ("$NFT") that provides exposure to the project’s valuation upside. The model is built on the premise that NFT communities serve as distributed, culturally aligned networks capable of facilitating broad and organic adoption. It also seeks to address a growing structural issue in tokenized ecosystems: the persistent decline in project token value caused by insufficient organic demand relative to ongoing supply.

Dual-Token Capital Structure

Early NFT ecosystem tokens represent the first wave of fungible token design within culturally driven digital communities. These tokens successfully broadened holder bases and introduced new mechanisms for engagement and coordination. However, their demand has largely been driven by speculative interest, with limited structural integration into recurring behavior or economic loops beyond consumption-based sinks. These sinks typically require the project treasury to sell tokens in order to monetize revenue, which places persistent downward pressure on price. As a result, many of these tokens have struggled to sustain long-term value, highlighting the need for models that embed organic demand and capital flow directly into the system’s design.

A dual-token architecture offers a potential solution. By introducing a project-issued stablecoin, the ecosystem can mimic the capital structure of traditional companies, separating stable, fixed-value instruments from equity-like exposure. A stablecoin such as NFT-USD does not carry price volatility for the holder and poses limited financial risk beyond opportunity cost. By allocating capital to NFT-USD, participants support the growth of the system’s treasury. As assets under management increase, a portion of the stablecoin yield would be directed toward buying back ecosystem assets (the NFTs and $NFT) on the open market. This creates a long-term value loop in which growth in stablecoin adoption results in continuous support for the project tokens. NFT and token holders are thus able to deepen their financial involvement in the ecosystem without taking on the same exposure to volatility or liquidity risk.

Token One: NFT-USD, a Stablecoin

NFT-USD should be a fully collateralized, regulated stablecoin backed by fiat currency reserves, providing users with a stable and secure store of value. Capitalizing on the growth of stablecoin-as-a-service providers, NFT-USD reserves would be managed by a regulated third party and placed in bankruptcy-remote entities. These reserves would be invested in low-risk treasuries and money market funds.

Key characteristics:

• Full fiat-backed reserves ensuring 1:1 collateralization and redeemability

• Yield-generating reserves with low-risk, predictable income streams

• Transparency and auditability to promote market confidence

Token Two: $NFT, a Fungible Token

$NFT should be a freely tradable fungible token designed to serve as the primary speculative asset of the ecosystem. Like other community tokens in the NFT space, it represents no formal claim, utility, or governance rights. Its value is driven entirely by market perception, cultural relevance, and ecosystem engagement. However, unlike earlier models, demand for $NFT would be reinforced by a structural buyback mechanism funded by yield generated from NFT-USD reserves.

Key characteristics:

• Positioned as a narrative and market-driven asset that reflects broader project sentiment

• Price support introduced through buybacks sourced from stablecoin yield

• Culturally linked to the NFT ecosystem, encouraging holder alignment and attention

Integration Mechanism: Yield-Driven Buybacks

Yield generated from the stablecoin’s underlying reserves is reinvested into the ecosystem through structured buybacks of the project’s NFTs and token. This process not only sustains consistent market support for those assets but also reinforces alignment between stablecoin adoption and token valuation. More importantly, it adds a mechanism for continuous reduction of circulating token supply to incentivize long-term participation.

NFT Communities as Next-Generation Distribution Networks

NFT communities have rapidly emerged as robust, highly engaged networks capable of driving cultural, economic, and technological adoption. Unlike traditional distribution models that rely heavily on paid marketing and speculative incentives, NFT communities possess intrinsic motivations driven by identity, culture, and collective asset ownership. As such, these communities represent significant latent value as scalable, low-cost, and culturally authentic distribution channels.

Advantages of Dual-Token Structures within NFT Communities

• Scalable distribution: NFT communities organically accelerate adoption, significantly reducing distribution costs

• Risk diversification: Users benefit from clearly delineated risk-return profiles across stable and speculative components

• Stable yield generation: Predictable and transparent income streams from stablecoin reserves

• Cultural alignment and authenticity: Leveraging NFT community dynamics to foster genuine, long-term engagement

Conclusion

The dual-token capital structure, comprised of NFT-USD as a stablecoin and $NFT as a speculative ecosystem token, offers a novel and pragmatic approach to addressing key shortcomings in current token design within NFT-based web3 ecosystems. By decoupling value stability from price exposure, this model introduces a more robust foundation for sustainable growth and long-term alignment between participants and protocols.

In a landscape where many ecosystem tokens face downward trajectories and unstable demand, the dual-token approach provides a credible framework for capital efficiency, market trust, and cultural alignment. It invites projects to think beyond speculative tokenomics and toward integrated systems where value creation and value distribution are meaningfully linked.

This structure is not just an innovation in token design. It is a step toward a more durable, transparent, and community-sustained financial architecture for the next generation of internet-native brands and networks.

Three years after the Great NFT Bubble of 2021, the industry is still grappling with its aftermath. To outsiders, NFTs are often seen as digital beanie babies—relics of the speculative frenzy fueled by ultra-low interest rates and excess liquidity in the wake of the global Covid-19 pandemic. While I don’t believe we’ll see another period like that in our lifetime, it’s important to note that NFTs weren’t the only asset class to experience a pump-and-dump cycle. However, they were the most visible, as their rapid rise into cultural consciousness overshadowed bubbles in luxury watches, short-term rental real estate, and other more tangible and established asset classes. 

For crypto enthusiasts, NFTs also serve as a reminder of better, albeit distant, times. JPEGs brought the Class of '21 into the space, reshaped the broader crypto industry, and came closer to achieving "mass adoption" than any previous crypto product. Unfortunately, the subsequent price crash left behind a trail of losses, scams, and widespread disillusionment. Fast forward to today, and for everyone except the remaining 20,000 or so hardcore enthusiasts, NFTs are seen as useless memories at best.

We need to change the collective understanding of what NFTs can be

When considering NFTs in the context of platforms like Popset, it becomes essential to shift our understanding. Instead of viewing NFTs as static pieces of art or mere collectibles, we should begin to see them as dynamic markers of digital interactions, enriched with images as visual identifiers but defined by their metadata. The true value lies not in the image itself but in the timestamp—the immutable proof that a unique interaction occurred at a specific point in time.

This reframing fundamentally shifts the purpose and function of NFTs. In their initial phase, NFTs were primarily marketed as digital art, where the image seemed to hold all the value. But as we've moved past that speculative bubble, a deeper, more utility-driven function has emerged. Non-fungible tokens can serve as digital receipts for our interactions online—whether they represent a piece of content shared, a milestone achieved, or even a social moment captured. These tokens are tied to something far more significant than their visual appearance: they are tied to the proof of when and where these digital interactions happened.

Think of it like this: the image in an NFT is the skin, but the metadata is the backbone. In the same way that a physical receipt from a store signifies a completed transaction—an exchange that occurred at a specific date and time—NFTs can be thought of as digital receipts for our virtual exchanges. By turning social media followers into collectors, NFTs help us build more balanced relationships online while opening opportunities for better interactions.

How Popset helps creators better leverage NFTs

As a platform where creators can monetize their content, Popset posts act as proof of those interactions. For instance, an aspiring photographer could sell a behind-the-scenes NFT of their creative process, using the funds to finance a shoot while offering collectors exclusive perks, such as discounted access to the final product or a free high-definition file for personal use. The true value of the Popset post lies not in the image itself but in the patronage the collector offers to the artist and the memento of that support.

Similarly, collegiate athletes could leverage digital collectibles not just as tokens of fan support and vehicles for patronage but as time-stamped markers of significant career milestones—like a first goal, a record-breaking play, or a personal thank-you message to supporters—preserved forever through blockchain technology.

A new era for Non-Fungible Tokens

By flipping the traditional perception of NFTs on its head, the attached image becomes secondary. It serves as a reference point or visual cue, but the true essence is in the timestamp—the immutable proof of a unique moment in time. This shift unlocks new possibilities for creators, brands, and platforms alike. Rather than focusing on ownership of art, NFTs in this context revolve around owning moments, interactions, and the digital history of one's experiences.

This redefinition broadens the scope of NFTs beyond art and collectibles, offering meaningful applications in content creation, online communities, and even personal history. The focus moves from aesthetics to utility, from speculation to substance. On Popset, NFTs become the connective tissue of the platform—enabling users and creators to capture, share, and monetize moments of digital engagement to build a better social graph for a much better internet.

Fast forward to the end of 2021 and I felt adequately prepared for the end of the traditional four-year cycle that crypto tends to exhibit. I sold my spot bags and went into the new year with a barbell portfolio, heavy on stablecoins and JPEGs. Ready for whatever the market wanted to throw at me, or so I thought.

The true test began as the industry took a series of massive hits in the Spring of 2022, marked by events such as the collapse of Luna and 3AC. Despite these, my confidence remained unshaken, bolstered by strategic decisions that seemed to pay off. However, the landscape shifted dramatically post the FTX bankruptcy in November, ushering in a harsh crypto winter and an even worse NFT extinction-level event. This period marked the beginning of a profound introspective journey.

My personal transition from confidence to doubt was gradual yet piercing. The realization that I had left behind a stable and lucrative Wall Street career for what felt like a digital wildcatting venture in an unstable industry was daunting. The weight of possibly witnessing an industry's downfall and its implications on my career choice dawned on me. This period brought forth significant emotional challenges, particularly in maintaining motivation. Transitioning from the high-energy environment of a trading floor to the cold, quiet lulls of a bear market was jarring. My response, initially, was an increased reliance on spending time online, mostly on Twitter, seeking some form of engagement or validation, perhaps a subconscious quest for dopamine in a landscape growing increasingly desolate.

However, the most profound challenge was the immense self-doubt that crept in. The last 12 months were a relentless interrogation of my choices and existence. I found myself plagued by an unshakable sense of uncertainty, questioning not just my career switch but my very being.

“What the fuck did I do?”
“Why didn’t I sell the NFTs?”
“How will I turn things around?”

I found myself constantly questioning everything. It wasn’t even about the money at that point anymore. It was about me, staring back at the bear, shaking as it looked me in the eyes and stripped me down to my soul.

Back during my Wall Street days I used to manage billions of dollars of trades on a weekly basis, with most of the action occurring in bursts of 20-30 seconds. There were plenty of times that my hands got sweaty then, but that never lasted long. You either won or lost the trade, the risk was managed over the next hour, and you moved on.

This time it was different.

The same ice water that used to flow through my veins and kept me cool on the floor was now making me shake with anxiety. Sleepless nights that drew on forever, feeling left out in the cold with no end in sight. Finding strength through conviction, which even if I believed it would all work out, the mere thought that I could’ve traded much better would get the stomach churning again. Imagine regretting one of the best decisions of your life.

The once thrilling chaos of the trading floor, with its predictable adrenaline and routine, suddenly seemed like a lost haven. I longed for its consistency, a stark contrast to the volatile unpredictability of the crypto world. This longing was more than nostalgia; it was a yearning for a time when my choices seemed less fraught, my path more assured. Reflecting on the industry's nature, I recognized the cyclical patterns often overlooked by many. The crypto world, like any other, is prone to cycles of boom and bust, yet there's a tendency to attribute success to skill over circumstance. This introspection led to a realization of the role luck plays in success, a humbling understanding that I, too, might have been a beneficiary of being at the right place at the right time. This caused me to miss the first few signs of the market turning as coins started slowly moving off their lows through mid 2023.

Bear market PTSD. All the doubt. You know better and you know that you know better. It’s the fear of regret that gets you. Even if you manage to overcome it, you get the size wrong.

This journey through the crypto bear market was more than a financial expedition; it was a profound emotional and mental odyssey. It taught me resilience, the importance of adaptable coping strategies, and offered a nuanced understanding of an industry often shrouded in hype and speculation. As I continue in this ever-evolving space, these lessons remain pivotal, guiding my decisions and outlook towards a future that is as uncertain as it is exciting.

I have so much respect for those who have been through a full crypto cycle, whether that is by choice or by force. I can’t wait to see everyone get another chance at changing their lives next year, armed with the lessons from our previous cycles. Good luck, godspeed and don’t forget to seize the Meebs.

Post World War II America witnessed a surge in entrepreneurial ventures, facilitated by favorable economic conditions, reduced foreign competition, and government incentives like the GI Bill. This entrepreneurial spirit gradually gave way to an era of consumerism by the late 20th century, buoyed by the growth of the middle class, the advent of television and mass advertising, and increasing access to credit. The American Dream was increasingly defined not just by opportunity, but by material acquisition and consumption.

Enter the digital age, and the landscape began to shift once more. Technological advancements, especially the internet and smartphones, democratized access to information and financial markets. Platforms emerged that allowed the average person to engage in activities previously reserved for professionals or the elite. Simultaneously, cultural values evolved, with a growing valorization of quick success and wealth, often driven by viral social media stories of overnight millionaires or folks pretending to be them.

Economic and technological factors alone, however, do not fully explain the rise of speculativism. There is an inherent human allure to the concept of high risk and high reward. Speculative behavior taps into the deep-seated human desire for rapid gains and the thrill of the gamble. The cultural narrative around speculation has evolved to not only normalize it but, in many circles, to glorify it. This speculative mindset is further fueled by societal factors, where success stories are widely shared and celebrated, creating a feedback loop that draws more individuals into speculative ventures.

Amid the backdrop of speculativism, the burgeoning interest in crypto and blockchain technologies is no coincidence; in fact, it's emblematic of this cultural shift. As individuals gravitate toward more speculative behaviors, they're also seeking transparent, decentralized platforms and tools, which the crypto realm inherently provides. Cryptocurrencies, being both a product of and a platform for speculative investments, serve as the gateway for many into the broader world of blockchain. But beyond their speculative allure, these technologies hint at a future reshaped by decentralized systems, where transactions, contracts, and even social networks operate on trustless mechanisms. As speculativism encourages exploration beyond traditional financial boundaries, it inadvertently evangelizes the merits and potential of blockchain solutions.

In reflecting on the cultural trajectory of America, it's evident that the nation's economic and social behaviors have continually evolved in response to external stimuli and internal aspirations. From the post-war entrepreneurial zeal that capitalized on opportunities in a restructured world, to the consumerist phase that prioritized material accumulation as a symbol of success, and now to the age of speculativism, where risks and digital frontiers capture the imagination. Each era has its own set of challenges, aspirations, and opportunities, and each reflects a unique facet of the American psyche. As we enter the Era of Speculativism, it's a pretty exciting time for those looking to spot and jump on new investment opportunities. Needless to say, I believe most of these will be found onchain.

Introduction:

Given the unenforceable nature of onchain royalties, and the recent refusal by NFT marketplaces to enforce these, traditional web3 business models that depended heavily on royalties now find themselves on shaky ground, casting doubts over their long-term viability. Against this backdrop, Punk 6529's hyper-cadence subscription model stands out as a fresh approach. It brilliantly bridges the needs of artists and collectors, presenting a sustainable model that could guide future web3 ventures in a royalty-free world. Let's dive into this case study to uncover the details of this innovative business and explore its potential in shaping the web3 world's future.

The Model:

- Hyper-Cadence Subscription: Collectors mint NFTs thrice a week at a consistent price of 0.06529eth. Rather than a sporadic release or arbitrary pricing, this model encourages regular participation from collectors and it creates a consistent flow of revenue which does not rely on royalties.

- Value Proposition: The primary service offered by The Memes is the ability for collectors to access and own digital art from a curated list of artists. With work from many top artists outside of the reach of people with lower budgets, the Memes allow folks to collect art from their favorite creators for an attractive price.

- TDH (Total Days Held) Score: A unique feature of this model is the measurement of art pieces or "cards" each collector holds and the time they've held those. Those with higher TDH scores are most likely to be given priority during mints (via allowlist selection), incentivizing collectors to participate consistently and hold onto their assets. It is a very clever way to implement what a lot of other projects try via "staking" but without having to give away any inflationary asset in return.

- Supply Adjustment: The Punk 6529 team astutely gauges market conditions, adjusting the supply for each mint accordingly. By ensuring the available cards are slightly less than the market demands, they protect the floor prices of each mint and help the positive flywheel effect of collecting and vaulting cards.

Curation as a Service:

Beyond mere transactional interactions, this business model also capitalizes on the growing demand for curated content. By handpicking artists and their work, Punk 6529 and the team guarantee collectors access to valuable and high-quality digital art.

Community as a Service:

Punk 6529's model extends beyond simple commerce. By bringing together individuals with a shared passion for digital art and memes, the platform fosters a sense of community. Engagements on platforms like Discord further cement the bond between collectors, leading to a more cohesive and interactive user base.

Why This Model is Sustainable:

1. Consistent Engagement: The thrice-weekly minting system ensures regular engagement from collectors, maintaining a consistent cash flow and user participation.

2. Balanced Supply-Demand: By adjusting the supply based on market conditions, the team avoids over-saturation within a single season, thus retaining the value of the NFTs.

3. Incentivized Participation: The TDH score system rewards loyal and active members, ensuring long-term participation.

4. Community Building: By fostering a sense of community, collectors are less likely to leave the platform, ensuring sustained engagement and growth.

Conclusion:

In an ever-evolving digital world, Punk 6529's business model showcases the confluence of commerce, curation, and community. By understanding market dynamics, appreciating the importance of community, and constantly innovating, this model is poised to lead the way in sustainable web3 business practices. Whether you're an artist or a web2 brand looking to enter the space and find new revenue lines, it's clear that Punk 6529's model offers a robust and potentially more sustainable approach to the world of NFTs in the post-royalty world we will now live in.

I spent an awesome week in Paris where the crypto world converged for the next installment of its conference season. This was my first "attendance" at EthCC, albeit without actually setting foot at the main event. As ironic as it may sound, this is also my maiden voyage to a crypto conference with no intention of participating directly. However, the Ethereum Community Conference (EthCC) week unfolded just as I had imagined - an incredible few days of engaging meetings with clients, partners, friends, investors, and other stakeholders from the broader crypto ecosystem.

My main takeaway is that Ethereum continues to expand its reach, with three main prongs of importance almost paralleling the "ETH as a triple-point asset" thesis from early 2021: 1) the Ethereum blockchain itself, 2) Ethereum as the security layer for a wide-array of L2s/scaling solutions, and 3) the EVM as main programming language and inspiration for new L1s.

In my dual role as the Sr. Director of web3 Business Development at Fireblocks and a personal NFT collector/advisor/founder, I'm fortunate to be able to mix business and pleasure at such events. These gatherings not only offer a chance to attend a bunch of social events with my internet friends but also grant me a unique vantage point in the broader crypto ecosystem, given the central role Fireblocks plays. From that, I have a mix of positive takeaways and areas I'd earmark for improvement.

Starting with the bright spots, the Ethereum building community continues to astonish me with its blend of intellect, entrepreneurial spirit, curiosity, technological innovation, and a sprinkle of weirdness that is so uniquely 'crypto'. Ethereum's stronghold is evident in its attracting some of the best builders, investors, artists, and users over the past few years. The sight of Punks, Ethereum-native cryptoart adorning street murals and museum galleries in Paris - the cultural epicenter of the world - was nothing short of spectacular. While I'm a staunch believer in a multi-chain future, it's abundantly clear that Ethereum is the crucible of innovation fostering our blockchain future.

On the flip side, there are areas that could use some help. It's apparent that while the crypto builder community is bursting with talent, there's a shortfall of commercial guidance. Many ongoing projects seem either redundant or not precisely tailored to amplify the appeal of web3/DeFi/crypto for non-natives. In addition, a multitude of projects lack sufficient distribution or an effective strategy for product-market fit testing. One potential solution could involve larger, experienced funds acting as incubators rather than purely investors. However, it's evident that this space needs considerable assistance in this regard. Hayden tweeted something along similar lines this morning:

hayden.eth 🦄

@haydenzadams

I want more crypto projects that try to disrupt popular web2 apps using crypto superpowers to discover new use cases rather than building marginal improvements on the few existing use cases (AMMs, lending, etc)

Vampire attack web2, not uniswap for the 5000th time

997

7:44 AM • Jul 22, 2023

Lastly on the personal side, Paris remains an enchanting city, and this week has only reinforced my love for it. From my first solo trip abroad in 1999 to more recent, deeply personal milestones like getting engaged at the Champ de Mars, Paris holds a special place in my heart. Seeing Paris at the forefront of web3 innovation makes me excited for future visits - excluding next year, of course, when the Olympics will cause EthCC to relocate to Belgium. Au revoir mfers!

Something caught my attention today: "State Champs" trending on Twitter. Thousands of high school teams across the country are celebrating their respective victories across sports, leagues, conference sizes, and so on. The intriguing aspect, though, is how each winner feels they've achieved something unique, special. Even within the multiplicity of championships, each victor carries an aura of singularity. This led me to reflect on a defining aspect of human behavior - our innate propensity to create scarcity, and how it molds our society.

Scarcity, as traditionally understood, refers to the tension between our limited resources and our unlimited wants. Yet, upon closer scrutiny, we discern a curious pattern: Humans often invent scarcity, creating value through limitation. This notion of manufactured scarcity pervades all aspects of our lives, from economics to social norms, from art to sports championships.

Take "State Champs" for example. Technically, there are numerous state championships across myriad sports, each creating its winners. But a clever layer of 'invented scarcity' is applied: Each championship is a separate category, each category has only one winner, and thus, each winner becomes unique. The scarcity here isn't natural; it's orchestrated by our societal structures, our rules of games, our categorizations. We've built a system where each victor can feel 'special', even if they are one among many.

This isn't just a practice confined to high school championships, but a fundamental facet of our societal fabric. Limited edition art pieces, numbered music records, 'one-time' sales in businesses - they all leverage the allure of scarcity to inflate value. We apply this principle to awards, recognitions, career advancements, and even relationships.

In the vast expanse of the digital landscape, one might anticipate that the notion of scarcity would dissipate. Yet, quite intriguingly, it has magnified. This amplification is driven by the transformation of 'attention' into a coveted resource, as platforms and individuals strive to secure their share of this limited bounty. Every tweet, post, and video is an attempt to carve out a distinct space in this finite attention economy.

An even more explicit demonstration of contrived scarcity is found in digital currencies like Bitcoin, which base their value proposition on a predetermined, limited supply. However, the most striking embodiment of manufactured scarcity in the digital age is perhaps the emergence of Non-Fungible Tokens (NFTs). These unique digital assets create artificial scarcity in an otherwise unlimited digital realm, each token offering a sense of exclusive ownership over a piece of digital art, a tweet, or a moment in sports history.

But what underpins our creation of scarcity? Our innate desire to feel unique and special perhaps propels this drive. It might be deeply embedded in our evolutionary instincts to survive and stand out, or it could be a manifestation of our pursuit for individuality within the vast collective of humanity. These constructed scarcities, whether it's a state championship title, a limited edition product, or a unique NFT, not only provide structure to our society but also contribute to shaping our identities.

In the throes of this scarcity-infused digital era, we must appreciate the reflection these phenomena offer. Every "State Champ," every tweet, every NFT is a testament to our collective endeavor to construct and navigate a landscape of scarcity, and in doing so, to cement our individual identities within the collective human experience.

Sergito.meebs ⌐◨-◨

@sergitosergito

Ephemeral tribal identity.

Shitcoins are just NFTs without pictures.

19

8:57 AM • May 4, 2023

Not unlike NFT "investing", at the core of the shitcoin phenomenon lies the fundamental desire for personal gain. Inherent in the human experience is the pursuit of wealth, power, and status, often in the face of overwhelming odds. Trading shitcoins is the purest of speculative gambles, tapping into both our innate risk-taking tendencies and the adrenaline rush of chasing lucrative, high-risk opportunities without needing to pretend we're into the art that comes with NFTs.

Tech's really good at magnifying our natural tendencies, and as we've seen recently, anyone can hop on a decentralized exchange or even launch their own coin after watching a YouTube video or getting help from AI. Compared to NFTs, shitcoins are way easier to get your hands on, with smaller price tags and way more liquidity. So, it's no surprise people jumped on the bandwagon like there's no tomorrow.

The psychological underpinnings of trading shitcoins can be traced to the social dynamics that pervade our online lives. With the advent of social media, we have cultivated a culture that thrives on instant gratification, a sense of belonging, and validation. Shitcoins, in their ephemeral and fluctuating nature, offer an ideal platform for communities to rally around, united by the shared pursuit of profit and the desire to belong to a movement. It is within this context that we witness the viral proliferation of memes, as well as the formation of "tribes" that cling to specific coins, imbuing them with identity and value. Just like with NFTs, this communal aspect of shitcoin trading serves to fulfill our deep-seated need for connection and affirmation, while simultaneously exploiting our susceptibility to FOMO.

Sergito.meebs ⌐◨-◨

@sergitosergito

NFTs = tokenized tribalism

Creators / Collectors / Investors who understand that will win

Technology that enhances human nature always comes out on top

1,060

9:22 AM • Mar 17, 2021

In conclusion, shitcoin season reveals intriguing insights into the complex relationship between human nature, psychology, and technology. The speculative allure of these tokens can be traced to our innate desires for wealth and social validation, while their rapid proliferation is fueled by the connective power of technology. As a student of human nature, crypto has been the best live-action experiment to observe. I invite everyone to recognize and analyze the aforementioned patterns, challenging ourselves to further question how our cognitive biases shape our engagement with emerging technologies, and ultimately, the world around us.

We all said NFTs would onboard the masses to blockchain, and with speculation still being the main use case for crypto, I do laugh a bit at the irony of all these former NFT collectors who had no idea about Ethereum 1-2 years ago now mastering the use of block explorers, decentralized tooling, and other pieces of the shitcoin tech infrastructure. JPEGs did onboard a lot of people after all, maybe we just have to build other real use cases.

Why would anyone pay for porn when there's an endless free supply of it online? Why would anyone pay for a JPEG when you can right-click save it?

At the heart of both NFT collecting and OnlyFans subscriptions is the yearning for connection and a sense of belonging. NFT collectors often find themselves drawn to communities of like-minded enthusiasts, forging bonds through their shared passions and interests. These connections can extend beyond mere ownership of digital assets, and become an integral part of a collector's social identity. Likewise, OnlyFans subscribers pursue connection and intimacy with content creators. The one-to-one relationships formed through the platform fulfill a need for validation and closeness. In both cases, digital platforms enable the formation of communities that cater to our innate desire for human connection.

Exclusivity and control are also key elements driving the appeal of NFTs and OnlyFans content. NFT collectors relish the opportunity to own unique, non-fungible tokens that set them apart from others, while also granting them a sense of control over their digital assets. Similarly, OnlyFans subscribers are drawn to the platform by the prospect of exclusive, personalized experiences with their favorite creators. In a world where information and content can be accessed with ease, the quest for exclusivity reflects our need to assert our individuality and maintain a sense of control within an increasingly interconnected and complex environment.

In conclusion, the parallels between NFT collector communities and OnlyFans subscriptions can offer valuable insights for NFT founders. By studying how OnlyFans creators successfully cater to human desires for connection, exclusivity, and self-expression, founders can learn to develop innovative and meaningful opportunities that truly resonate with their communities. Embracing these lessons will ensure a lasting impact on the ever-evolving digital landscape, fostering a more empathetic and connected society, while hopefully extending the longevity and sustainability of their NFT communities and the broader web3 space.

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