Disclaimer: This newsletter is not financial advice. We buy what we like, and you should buy what you like.
🎄 As Christmas is coming near, it’s a good time to say that we’ll be taking a break after December 8th and coming back in January 5!
It truly has been a year, so maybe it’s not surprising that “NFT” has been dubbed the word of the year by Collins Dictionary.
It honestly feels like a good wrap-up of everything that’s been happening in 2021: there’s a legitimacy now to cryptocurrencies and NFTs that wasn’t there before. I mean, just look at the Adidas sports brand tying up with the Bored Apes Yacht Club like this:
But to be frank, it’s hard to feel excited at the corporate interest in all this. Does it just end up repeating the same old problems because the same old masters become in charge again?
For context for why we care, it’s almost 2022 and both of us at Cup still can’t even access Stripe, the popular financial software. It still doesn’t support our region. And not having Stripe support means we can’t do a lot of things, like making this newsletter paid, even if we wanted to.
Which is a bit ridiculous, so finding NFTs immediately clicked. It was borderless commerce, and it really didn’t matter where we were—if we could somehow get ETH or tokens, we could start participating.
It’s super basic, and most people will overlook it, because it’s not a problem for most people. In Web3, though, we can use a lot of the same tools that everyone else does, because this is all global by default. Our lives have gotten a lot better because of the opportunities we’ve been able to access.
So, seeing brands entering the crypto conversation doesn’t feel exciting because it’s unlikely that they do better in the Metaverse. If Web3 just ends up being Web2 again, gates and all, with the only difference being 5-figure price tags because “it’s early,” then no thank you.
🌱 The Foundation marketplace shipped a cool new feature: creators can now deploy their own smart contracts! YASSSS.
There’s been a lot of talk about Wolf Game. This is a good summary of the game theory within it.
A good read: “thoughts as a collector (november 2021).” Loved the notes on different pricing structures, such as editions, floors, etc.
Whitelists are the new guerilla marketing, and this piece breaks down one project’s strategy with Twitter and whitelisting.
FRQ NCY is an electronic music producer from Atlanta, Georgia. His beats can energize you to make your head bounce while working. Just enough to wake your spirits up, but not to the point you’d want to open the f-in’ pit.
Nothing this week! Everything’s a bit more quiet these days.
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