If NFT 1.0 is Gin Rummy, NFT 2.0 is a deck of Bicycle cards

NFTS are going mainstream. The popularity of games like NBA TopShot (>$230M in revenue) and the recent sale of artist Beeple’s digital collage “Everydays: The First 5000 Days” for $69M show the money currently flowing into the NFT space for art and other collectibles. But, these collectibles are just the beginning. These are NFT 1.0, and NFT 2.0 is already here.

NFT 1.0 is NFTs as the final product. NFT 2.0 is NFTs as a means of creating something else. Collectibles like NBA TopShot moments, digital art, or even NFT based playing card games like Gods Unchained are all NFT…

The non-aggression principle (NAP), while not trivially defined, is the belief that violence or the threat of violence should not be initiated against peaceful people. Anarcho-Capitalists, henceforth referred to as ancaps, are a group of individuals primarily united by their belief that the NAP should be the guiding light for how individuals conduct their lives and organize themselves into societies. Typically, ancaps see property as an extension of the individual and thus view aggression towards an individual’s property as a violation of the NAP.

While anarcho-capitalism is a form of anarchism, ancaps don’t promote a lawless society along the lines…

In the midst of the ICO boom, investors, blockchain entrepreneurs, and a growing class of token economists became aware of what is sometimes referred to as the velocity problem.

The token velocity problem is confusing because it emerged as a critique of an already confusing business model. The velocity problem would likely be better understood were it called the “no one wants this token problem” or the “low market cap problem”. The business models that can easily encounter concerns about the velocity problem are platforms which sell tokens for fundraising purposes with the idea that the product on the platform…

To understand the question “What is tokenomics?”, one should first understand how the field relates to existing schools of thought, both applied and academic, and then explore the specific problems tokenomic engineers are aiming to solve in the early stages of blockchain.

Of all of the various disciplines of economic study, the Austrian school has the most to offer in understanding tokenomics. The Austrian school of economics includes among its ranks great economists such as Ludwig Von Mises, Friedrich Hayek, and Murray Rothbard. …

Jackson Laskey

Principal at Unbounded Capital

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