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1/ As humans develop new technologies and economic systems, the objects we use to store value will evolve to match new realities.
My new piece for @collab_currency.
@derekedws/a92f54fa98cc' target='_blank'>medium.com/@derekedws/a92f54fa98cc
My new piece for @collab_currency.
@derekedws/a92f54fa98cc' target='_blank'>medium.com/@derekedws/a92f54fa98cc
2/ Aggregated attention, pointed toward the right opportunity, can translate into value — whether for brands, companies, or individuals.
However, these same attention flywheels can also drive value into single unique objects.
However, these same attention flywheels can also drive value into single unique objects.
3/ Over the last 36 months, the attention flywheel has now moved to not only include unique physical objects — but unique digital objects.
In the aggregate, over $1.5B+ in value continues to be stored across some of the leading networked digital collections.
In the aggregate, over $1.5B+ in value continues to be stored across some of the leading networked digital collections.
4/ In the future, digital objects will exist for every category of unique value, including regulated assets, employment contracts, property deeds, and more.
Put simply, blockchains are a recording format upgrade for all the world's objects.
Put simply, blockchains are a recording format upgrade for all the world's objects.
5/ However, given the early nature of this technology, there are only two valuable categories of *unique* digital objects today:
(1) Products/Services; and
(2) Stores of Value
I break down both categories in the article.
(1) Products/Services; and
(2) Stores of Value
I break down both categories in the article.
6/ While the digital asset ecosystem is just a decade old, I believe we're in the midst of a fundamental, once-in-human-history transition, that will begin to see unique digital objects serve as trust-minimized stores of value for a global internet economy.
gm ♥️
gm ♥️
7/ Grateful to those who contributed ideas or conversation including the members of @FlamingoDAO, @awrigh01, @pridesai, @JDH, @benroy__, @gmoneyNFT, @Zeneca, @KevinRose, @Punk9059, @eli_schein, @toddg777, @ArtOnBlockchain, @chrisostoich, @ChrisF_0x, @sbmckeon, @seth (cont.)
8/ + @thattallguy, @amanda0x, @_cutbank, @aradtski, @karenshen_, @RonanBroadhead, @cshapiro, @zackrosenblatt2, @glitchmarfa, @neon_dao, @noisedao, @RED___DAO among many others. ♥️
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Kevin Rose @kevinrose
·
Feb 8, 2023
Fantastic read from @derekedws 💯