Play to earn, play and earn, learn and earn, earn and work, an elongated ponzi, the second coming, whatever you want to call it ... a meandering musing. (1/n)
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Diaries of an Accidental Art Addict - From the Front Lines of Art Blocks Anonymous
galaxyrtk.substack.com/p/dia…
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Investment case for Chromie Squiggles by @ArtOnBlockchain has never been stronger. 2x’d the squig collection from 1 to 2 dozen in the last week. Together with 117 RGBs, I’m ready to ride the gen art rocket. Some context for the uninitiated …
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On the bohemian vibes of the Tezos art scene, the Freetown Christiania of the NFT space ... a thread.
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The dirty secret of the metaverse is that most adults don't actually want a pseudonymous second life. Outside of kids in the 5-13 segment, the TAM potential of these social spaces is being massively overestimated.
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Proud to announce our second $325m fund at Galaxy Interactive, investing at the intersection of interactive entertainment, web3 and consumer social. What a journey it’s been—the fun is just getting started… @samenglebardt @novogratz @GalaxyDigitalHQ
venturebeat.com/2021/10/19/g…
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If only you all realized how big top tier gen art is going to be ... but then again, unless you experienced what we did today, you wouldn't believe us anyway. We'll just have to show you the true meaning of TAM shock
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Q I’m pondering after Marfa: for all the positive buzz, why did so little of the discussion revolve around a critical evaluation of the “art” itself (as opposed to market forces, financial opportunities, trader emotions and digitally native culture)?
Does the art even matter?
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The innovators in crypto gaming are going to be those who view trustlessness, composability and creativity as the physics of a user-driven simulation. The closer to the game of life, the better the chance of it working. If it does, the singularity will be a black hole. (fin)
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Hard not to love Tezos at $1.50. Bohemian energies and artistic vibes harbor positive convexity, with a put option on culture to boot. Stocking up in anticipation of a bright future.
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Me? Fragments are my favorite AB drop since Fidenzas.
My bank account balance … not the biggest fan.
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We arguably haven’t seen a full economic cycle run its course for 21 years. An entire generation has been taught everything they know from “up only” interventionist economics, with market moves but ripples of a wave. And if everything you thought suddenly was incomplete, then…?
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Crazy that it’s been a year since Ringers. Even crazier that I thought I was too late 1 month in. Play the long game @dmitricherniak
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On Warm Crypto - The Fifth Wave
galaxyrtk.substack.com/p/war…
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Just collected my 7th, 8th and 9th Gardens, Monoliths by @zancan on @fx_hash_, the undisputed grail of the generative art platform by @ciphrd that just crossed 13.5k wallets, 392k mints, and 72k secondary sales
On the bohemian vibes of the Tezos art scene, the Freetown Christiania of the NFT space ... a thread.
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In the spirit of essentialism, deleting social media till year end. The collecting hiatus was hard, this will be easier. I expect to emerge in the new year ruthlessly efficient and focused. Excited for the time and mental space to be freed for deep work. See you on the other side
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Most humbly inspiring thing that happened this week: seeing @katehannah gift this grail to @dmitricherniak — by my estimation worth close to $1m. This @artblocks_io community is unlike anything I’ve ever seen
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Get a bunch of serious folk from the gaming industry into @BloomerDAO for experimentation around DAO tooling, CC0 licensing arrangements, sustainable p2e economies and metaverse fashion ... and what do we do day 1?
We blow the treasury on @cryptoadzNFT #4609
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Bought 15e of @artblocks_io today (my first AB purchase in months), including another @mattdesl Meridian and 3 @jeffgdavis Reflections.
I like what I'm seeing in terms of market structure, including open mints and blue chips shifting to perma-holders. May be safe to swim again.
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Five years on, I find myself increasingly convinced that gaming tokens should almost never be sold.
There is a better way...
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Congrats @sandeepnailwal @0xsachi @Fwiz and the entire @0xPolygon team on the raise! With tactical traction and strategic R&D, I’m particularly excited for the team’s efforts in gaming, consumer social and zk-rollups blog.polygon.technology/poly…
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One thing I often tell artists is to not stress about selling out collections right away. A slow mint is a sign of a properly priced market and tilts your base to holders vs. flippers. Those worried about whether you mint out in a minute vs. month are not the ones you want
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The hunt for rarity has become mechanistic, exhausting and counterproductive.
In a time of stretched beta across the NFT space, it’s time to set aside the short term money games and refocus on one Q: who is going to be critically relevant to the broader movement in ten years?
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Finally picked up a Caesuras. What are the other iconic sets outside of fxhash on Tezos that I might be missing?
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The algorithmic range of the blue-chip gen artists on Tezos never ceases to amaze. A smattering of today's acquisitions from @csrsnt @zancan @RichardNadler1
The infinitely zoomable CAAI @csrsnt
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Today, we acquired a matching Twin Flame and Cyanotype from @justinaversano (one of only 10 pairs that exist) into our venture fund at Galaxy Interactive. Our most significant NFT purchase to date, on top of @TheSandboxGame land.
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Taking an extended break from NFTs. Not buying, not selling, just chilling. Feeling great about the trajectory of blue chip digital art, and the relentless expansion of the artist collector base. When you're on the right wave, all you need to do is ride.
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I visited @MuseumModernArt last week. In my humble view, this blindingly bright @mattdesl Meridian I minted holds its weight with the Rothkos and Pollocks that had me staring in wonder, lost in the depths of the canvas….
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Chimera by @mpkoz. Finally got the chance to pick up 5 of these, after waiting for the hype to settle a bit from weeks prior. Quite the wonder of an impressionistic scene ... artblocks.io/project/233
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What a year for independent artists everywhere. Here’s my 10 favorite pieces I collected in 2021, one per day till the New Year…
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Gotta say, as a guy who hates PFPs, there's nothing like @cryptoadzNFT to capture the !vibe zeitgeist of this market ...
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What an incredible day for @dmitricherniak, @artblocks_io and the sellers with 1125 ETH of top-tier GRAIL Ringers and pump sales within 5 minutes. I am so excited for what this means for the future of generative art - we're just getting started.
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A slight lack of symmetry can cause so much pain #4 of 4 sold by @dmitricherniak for 400 eth, congrats!!!!
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Most doubt and pontificate. Some believe but don't act. Others act but just dabble.
Few have conviction and position. Few.
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Flying from London to NYC to start a 6 week trip across 8 cities: not bringing my Ledger, and using the opportunity to go cold turkey on NFTs and “zoom out to zoom in” … the cultural transformation we are experiencing is far too important to get lost in the ruffle of the waves.
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If you annualize 7d @artblocks_io volume (x52), GMV is $11.8b. Global art market turnover is $50b (UBS).
At a certain point, one needs to stop trying to fit into old paradigms, and look at what's happening de novo.
Because numbers don't lie.
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Trekking solo amidst frigid environs in Sapporo on New Year’s Eve, I was gifted one of the most beautiful scenes I have ever witnessed, a fitting cap to a nutty 2022 and a reminder in 2023 to Shine Through the Clouds
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I can’t help but feel there are a ton of artists who are being forced to adapt their artistic styles to satisfy the rarity game. Yet, I see the most successful projects in the coming months being those that refocus the creative on the art itself.
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Seneca, Art Blocks and Sustainable Communities: A Past Present to the Future
galaxyrtk.substack.com/p/sen…
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Met @divergence_art for a pint in Kentish Town yesterday--mind properly blown. There's something in the mathematical depths of this mind that I found deeply moving, and having missed PO{A}W, I wasn't going to make the same mistake twice.
Full @brotchain set complete.
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Got a lot of DMs overnight asking what I consider the best works so far on @fx_hash_. I first minted 3 weeks ago, got busy, then came back yesterday impressed by the sustained increase in quality, so bought a bunch more on secondary. Here's some personal favs, buy what you like:
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My 38th bday, one of those ambiguous dates that feels strangely monumental in its subtlety as an inflection point. Today I gift myself total acceptance. For my entire adult life, I have sought escape from inadequacy, doubt and insecurity, and refuge in that alternate dimension of dream, hope and desire, by rushing into a certain idealized version of what I had hoped to become. Those fleeting moments are felt but never held. With a sufficient number of paths not taken, the weight of time and the taste of success evolves into crushing regret at those versions of life not lived, the question of what if overwhelming the question of what next. Yet I realized this morning after waking into that self-questioning that age inevitably brings, that in this video game of life, there really is no good or bad, there is only the story we create. Those particular feelings and emotions become the essential character traits for the narrative we craft. All the accumulated frustrations and neuroticisms are potential energy for the next chapter we write, without which there would be no plot. So today I am thankful for it all, for a perfect life would be dreadfully dull. And I hope you all are too. HNY
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25: As @kevinabosch states, NFTs are a "node around which communities can gather. A living, evolving piece of art. A performance that we are both willing and unwitting participants in." Amidst chaos, order emerges. As it does, it's a wonder to witness, and a beauty to experience.
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Day 1 of Ship 30 for 30 @dickiebush
Join me on my exploration of Social Token Communities over the next 30 days, one atomic essay at a time. discord.gg/rnglife.
Here's what I'll cover 👇
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fx(text) is super cool. in a nutshell, substack + editioned tokens (semi-fungible tokens), soon tradeable on @fx_hash_.
The idea that essays will have tradeable markets just like NFTs is an exciting prospect indeed
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Every winning platform eventually becomes a victim of its own success, driven by the collective euphoria of "up only" and the onset of flippers looking to close the arb. The communities that survive are those with the organic feedback to self-adminster their own medicine. (1/n)
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Another day, another @artblocks_io jaw dropper, with @rudyadler spreading the good vibes
I’m gifting these pieces back to the artists who first got me hooked on ArtBlocks. Thanks @dmitricherniak and @aaronpenne, and welcome home Ringer 923 and Return 204.
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Six years later, my last day at @galaxyhq, and stepping down from GP at Galaxy Interactive. Thankful to @novogratz, my GI partner and brother forever in Sam Englebardt, the effervescent @glxymichael and the entire GD/GI crew.
Infinitely grateful for what has been, and exceedingly expectant for what is to come....
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Excited to explore the contours of our emerging digital reality in partnership with
@TIME @andrewrchow @eva_casanova @samenglebardt @novogratz
newswire.ca/news-releases/ga…
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All time AB high at 1800 eth. So happy for @pixelpete, and the validation of @ArtOnBlockchain’s tireless efforts to unlock the entire gen art ecosystem.
Yet I can’t help but feel we are nearing a turning point, one where not all roads lead “up only”…. (1/x)
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I’ve heard so many folks tell me this IRL minting was one of the most moving experiences ever. Everything about this project is incredible
The private mint reveal is a 75" 4k screen suspended in front of a plush leather reclined chair, surrounded by 4 humongous speakers. The speakers could rock a stadium of 20k people, but they are positioned near you in a 20 sqft space, pointing directly at you.
The setup is 🤌🏻
🧵
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I’ve said it before but I’ll say it again (noise tends to drown signal).
@QuantumNFT is launching tomorrow. It’s the curated introduction to photography and trashy PFP antidote we desperately need. First NFT I am going to mint in over a month. Highly recommend you not miss it.
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Frankly, 99% of what I see just doesn't excite me. Zero innovation, tokens being peddled at $100-200m valuations before they're even designed, NFTs as a new monetization vehicle, but few are asking the most important question. Why is this interesting? (9/n)
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I asked him a few days ago why he was spending 3 hours a day playing Minecraft and not Sandbox, where he could earn a huge amount for being a creator. His answer was simple: in Sandbox, there was no Redstone, and without "electricity", how could he build a living world? (19/n)
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Congrats on the stunning genesis drop @IOivm. I bought a bunch, but the uber grail is beyond my reach... gateway.fxhash.xyz/ipfs/QmeA….
"No feature, no attribute, believe what you see."
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Finally got around to updating my ETH gallery
gallery.so/galaxyrtk. Manageable.
Not sure how I'm going to curate my 2,136 NFTs on Tezos though?
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I’d like to see more long form generative art where you get to experience the variability of “controlled randomness”, but where rarity is not a selection driver.
Curated outputs and photography could be particularly good antidotes to PFP trait rarity fatigue.
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I must have died and ended up in a Zancanian world of Garlic, Monorails and Lushtemples, h/t @Anthonyduca
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24: @ciphrd reached out, apologizing for posting about the piece after I flagged it. He minted this for me, "a reminder of the unexpected circumstances of life". One of the kindest gestures I've experienced, it's a piece I'll treasure for a long time.
objkt.com/asset/hicetnunc/58…
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Thoughts at the Intersection of Web3 and Creative Culture
galaxyrtk.substack.com/p/tho…
h/t @packy @scottbelsky @masonnystrom @jessewldn
@masonnystrom @Alex_Danco @pierskicks @latelier @nichanank @WhaleShark_Pro @hxrts @tobyshorin @MapleLeafCap for thought provoking pieces
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I had this sudden sadness at the thought that my next RGB would be my 100th and last, and so I've stubbornly stuck at 99 to prolong the moment ...
But then I thought to myself, why stop at 10 pct???
All your RGB are belong to me
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My 2022 resolution is to get on a biweekly essay cadence, and to avoid snap decisionmaking. With so much happening, everywhere and at once, it's never been easier to lose the forest for the trees.
Writing is the antidote. Here's a recap of some of my pieces from the last 15mo.
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Streamlined the gallery, after picking up 3 squigs and 7 meridians this morning gallery.so/rk
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Having spent weeks away from the digital echo chambers, the self-perpetuating memes and the shifty market narratives, I now realize crypto's biggest problem is its temperature. It's cold and glorifies inaccessibility through ngmi vibes. The future? Warm crypto. To be unpacked...
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The combination of digital panels and physical prints in a long corridor like this at Climate Pledge Arena would make for a compelling NFT gallery display
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It brings me back to the question of, what crypto gaming tokens am I excited about? The ones that mirror real life. A truly free one, with boundless sample space for creativity and individual expression. Not Work to Earn (W2E). (20/n)
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See, what I believe fundamentally is that the only thing that can drive long term price sustainability of any token is community creation. If designing from the top down, you don't need crypto at all. Is it any wonder that everyone in gaming starts with, why blockchain? (23/n)
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Had a great convo on art with legendary collector and entrepreneur @artnome. Love the editorial that @RtClick_Save brings to our space 🚀🚀
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The Galaxy Digital Permanent Collection
Exhibit 1 - Punk 8466
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Is it really the “art”, or winning the rarity game that collectors seek? Could it be that the gacha game is detracting from a critical evaluation of the art and its significance in the broader canon? How many sets are collected where one can’t even name the artist/title?
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19: With platform growth, there is naturally a desire to find "the next Fidenza".
We may have already found it in Garden, Monoliths from breakout generative artist @zancan. A beautiful complement to his HEN set Lushtemples, a reminder of life and death, all in one, all at once.
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Moving to Sing in Sept, where new adventures await. En route, a fortnight to Frieze in Seoul. Goodbye Miami, it's far too nice here for the hunt.
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173k Discord members. 8,888 mints. Raffle instructions expected in the next 24 hours. Feels to me like @MekaVerse by @Matteyy_ and @MattBraccini is gearing up to be the biggest drop in NFT history. Us @BloomerDAO n00bs scrambling to prepare …
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18: Coming back 3 weeks later, I was blown away by how much the artist landscape had expanded, with several gems released by @msoriaro, @toxi, @HeveyArt, @mjlindow, @andreasrau_eu, @Yazid, @piterpasma and countless others.
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13: Yet, reality has turned out to be exactly the opposite, and the community has emerged stronger than ever. As @mattdesl wites, "It has been an amazing, if haphazard, experiment in decentralization and distributed design in the ethos of “web3".
mattdesl.substack.com/p/hice…
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A++ report from @pierskicks @mediodelphi and the @Delphi_Digital team on L1/L2 scaling alternatives
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Interesting to ponder TradArt vs. NFT stock:flow....
-> Global asset value of art is $1.7t. Annual sales $50b. Turnover ~3%.
-> AB floor mkt cap across all sets is 721k ETH ($2.2b). Annualized sales ~$11b. Turnover ~500%.
Many biz models you can support w/ that tx velocity.
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This might be the single best crypto research report I’ve ever read, amazing work @mariodgabriele @jillruthcarlson @katherinewu et al! generalist.mirror.xyz/Zgfy7Q…
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Atoms' Gaze by @krankarta rekindles the wonder I first experienced watching @jaredstarbell's Substrate unfold
Atoms' Gaze: gateway.fxhash2.xyz/ipfs/QmW…
Substrate: piped.video/watch?v=b_-9UWkg…
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The FDV of Illuvium, a pre-product crypto game in development for a year, is $14b, about 2x the $7.5b sale price of Bethesda to Microsoft and over 10x the FDV of Sushi. As a big believer in p2e, I find it constantly necessary to remind myself: don’t get high on your own supply.
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art that captures the market @qubibien
what's it called? "ff24A5cq222Az". random like prices
what's it do? "It's for looking at". no roadmap, yes
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Pulling together a Discord social club of some of the coolest founders/investors in the gaming and interactive media landscape to game, hang, and test the boundaries of social token structures. Looking for thought leaders (admins) and guinea pigs (members)! @fkpxls @davidjrbrill
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CONGRATS TO @KeyboardMonkey3 @_deafbeef FOR A RECORDBREAKING 2275 ETH FULL SET SALE
opensea.io/bundles/full-deaf…
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Market is underpricing @QuantumNFT keys, despite 2.3k eth volume traded and a 4.4x in the floor. Most don't realize that the key is not just access to an amazing physical space and community in Santa Monica (opening in the coming weeks), but also membership to 8-12 drops per city
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