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.
- @artblocks_io has done 5,570E ($13M) in the last 24hrs, up 401%, primarily driven by @tylerxhobbs Fidenza project
- Two CryptoPunk zombies purchased for 700 & 850 ETH ($1.72M & $2.09M). The next available zombie is 1.23KE or $3.71M. There are only 88 zombies in total
- Gary Vee buys rare CryptoPunk Ape for 1,600 ETH ($3,764,576.17 USD), this triggers a CryptoPunk buying frenzy
- I picked up a badass a 1/1 XCOPY (🏆 grail for me)
- Alchemy: AWS for Blockchain?
- Offchain Labs: Layer 2 scaling solution for Eth, solid.
- Veem: Payment solution using crypto underneath. Like Venmo.
- Bakkt: Digital wallet solution.
- Bitso: Over 1 million users, 15% of all assets going to Mexico.
- Staked: Solution to build yield off of DeFi ecosystem.
- Are getting into NFTs as well, undisclosed investment.
- 37% of crypto market is non-Bitcoin and non-Ethereum, up from 16%.
- Why has gold not done better? Perhaps demand is being captured by BTC.
- BTC at 233% for 11 years and has no correlation to other asset classes.
- If 3.5M people hold BTC, price is $700,000… possible in 5-10 years?
- China Ban is positive signal?
Extended my registration periods for thingelstad.eth and weeklything.eth so the tokens would be upgraded to the new ENS Metadata Service. Instead of boring colored box, they now have complete metadata. See Lazy profile.
ConstituionDAO
ConstitutionDAO caught my attention right away. This DAO is forming to raise a fund to bid on one of two privately owned authentic copies of the US Constitution. Sotheby’s is holding the auction tomorrow.
The DAO started this morning with about $16M in ETH raised, and currently has $33.7M in ETH just twelve hours later via their Juicebox listing. The project was launched six days ago!
I couldn’t resist being part of this so I sent in a small amount of ETH and am waiting for the auction to claim my PEOPLE governance tokens.
What a wild idea, and all enabled largely because of the crypto stack. We’ll see what happens next! 🤞
Angry Bunny Club
I’ve been wanting to find an NFT project that I could be part of to learn and see first-hand what these are like. I wanted to find a project that was fun. I wanted something where the NFT appealed to me on its own. I wanted something that was affordable. I also was curious to have it not be on Ethereum, preferably Polygon or Solana. When I found the Angry Bunny Club it checked all the boxes.
The initial minting was over but Magic Eden is the official marketplace for Angry Bunny Club and there were a number of bunnies listed for 0.25 to 0.3 SOL. I got a couple, then a couple more, and now I have six. I had to get a Santa one. 🎅
Left to right: 338, 3069, 4801, 1308, 3680, and 3678. You can also see all bunnies in my wallet.
Like many NFT projects, the Angry Bunny Club is creating a number of different expereinces from these Bunnies, and then the community shares in the proceeds from those activities. They are working on some casual games that will feature the bunnies. There is also discussion of some publishing projects. 50% of the proceeds from those projects go back to Bunny owners.
They also distribute 50% of the resale fee from Bunny sales to holders on a weekly basis. This week that was 0.006 SOL for 6 bunnies. If that rate stayed the same it is 0.312 SOL a year. The purchase cost of the six Bunnies I have is 1.8 SOL. So if that stays flat that would be a 17% return. It is interesting to see these mechanics and to have an Airdrop land in your wallet each week.
Like nearly all of these projects it also has a Discord server, along with some channels that are only available to people with Bunnies in their wallet. There is a feeling of being in a club with others.
This is all learning for me. I picked this project because I think the NFTs themselves are fun, and the learning is just upside. 🐰
I’m a Member of the ENS DAO!
I just claimed my $ENS governance tokens and am now a voting member of the Ethereum Name Service DAO. I decided to not delegate my tokens at this time. My primary ENS name is thingelstad.eth.
This transition of ENS into a DAO has been incredible to watch. NiftyTable has a great writeup on it.
ENS is one of the best case studies for why people should care. The community now owns and governs a public good they use everyday that has billions of dollars in treasury.
ENS is leading by example how a decentralized entity can operate, provide real value, and be sustainable.
For comparison, this would be like going back to the early 1990’s and having the community involved in the structure of the DNS system.
POAP 2557804 at Things 4 Good Fall Fundraiser.
POAP 2252196 at Weekly Thing #200.
POAP 2159624 at Early Issuers.
POAP 1704752 at VeeFriends x Christie's 10/01.
POAP 1273919 at SPS Kubb Tournament 2021.
I created an official Olson Family Vacation 18 POAP token!
POAP 1068867 at Olson Family Vacation 18.
We went to Canterbury Park to watch some horse racing today. We didn’t know it, but they also had Basset Hounds racing for fun which was a blast to watch.
Race 3 featured Bit Coiner. Bit Coiner won the race. An omen, HODL your Bitcoin!
After our visit to Saratoga Race Course I understood much more what was happening and how to read all the information.
POAP 735405 at Micro Camp 2021.
Recent NFT Activity
This block of updates from today’s Modern Finance newsletter on recent activity around NFTs blew me away.
Here are some fun NFT stats from the last few days:
I continue to see a lot of potential for NFTs, well beyond just the collectible space. However, it seems that the collectibles are a huge deal on their own.
POAP 604453 at Reading Things First 100.
Notes from Pantera Blockchain Call
Companies highlighted:
Notes:
POAP 533130 at SPS TechJam 2021.
