Crypto
Forays into blockchain, NFTs and POAPs live here. I write about minting POAP tokens at family events, celebrating Ethereum’s 10‑year anniversary by creating an NFT and even using monitoring services to keep my POAP feeds up and running.
- Revenue > Cash Burn, Runway: 140 months
- Revenue: $1.9M (vs. $2.4M last month)
- Cash Inflow: $1M (vs. $1M last month)
- Normalized Cash Burn: $0.8M
- Reserves: $113M (ETH: 101M, USDC: 12M)
- Total Endowment: $79.7M
- P&L: -$15.7M (ETH mark-to-market)
POAP 7230509 at Weekly Thing 300.
I burned four of the runes I collected along with 75,000 FOXY to mint my Summoned Fox #9569! Famous Fox Federation is still a super fun NFT project.
The Things 4 Good 2024 Candle Fundraiser POAP is ready to share with folks at this weekends event! It is a good example of how I’m not a designer. 😬
Exploring FIFA Collect
I’ve been intrigued with FIFA Collect for a bit. My interest was piqued when I saw that they are dropping collectibles with “Right to Buy” for the 2026 World Cup and I am very hopeful to go to at least a match. I’m guessing tickets will not be easy to get so getting a “Right to Buy” collectible for the city that I want to go to might be really nice.
This morning I sat down with FIFA Collect and really figured out how it works. I was generally impressed. It is a full NFT solution built on the Algorand blockchain. I have used a ton of blockchains but hadn’t had a reason to use Algorand. Algorand is not a Ethereum ecosystem blockchain so I downloaded Pera wallet to get started. Then I bought $20 USD worth of ALGO on Coinbase, transferred to my wallet and swapped 100 ALGO for 12.232474 of USDC-a, which is the USDC stablecoin token for Algorand.
A few minutes later I purchased my first FIFA collectible on the marketplace, a World Cup 1994 USA #611 poster.
I can buy some drops and hope I get lucky to find a “right to buy” collectible. Alternatively, there are already collectibles on the marketplace that others are selling with those rights. Right now the cheapest “right to buy” collectibles are selling for around $300.
POAP 7210582 at EFP Early 2024.
ENS Continued Progress
I continue to believe that despite the volume of scammers in crypto there is real value and important capability in this technology. Ethereum Name Service (ENS) is a key component of that and these three highlights stood out to me in ENS DAO Newsletter #70, Sept 24 2024
ENS Domains Now Supported on PayPal and Venmo…
ENS is now integrated with PayPal and Venmo, allowing users to simplify crypto transfers by entering their ENS name. This feature eliminates the need for copying long wallet addresses and enables secure, user-friendly transactions. An Address Book feature also allows users to save and recall frequently used ENS names and wallet addresses for faster transfers. This service is currently available in the U.S.
Eth.Link Operating Again…
The eth.link gateway is now officially powered by eth.limo, reviving its role as a key ENS gateway for decentralized websites.
POAP Providing Free ENS…
The latest release of the POAP Home app includes a feature allowing collectors to claim a free ENS subname.
And how about these incredible August 2024 DAO financials:
All powered as an operating DAO.
POAP 7192127 at SPS Kubb Tourney 2024.
POAP 7180533 at First Computer Build.
