Wave charmin' & aura farmin' 🌊😎🤙

Lately, I have been thinking about provenance arguments as they relate to NFTs -- CryptoPunks being early, BAYC being the 'known-face' of NFTs, proliferation of generative art, etc. As more money comes online through products and tools rolled out by existing fintech and tradfi firms over the next few years, it will make it easier for broad capital to flow into other areas of the existing cryto markets -- such as NFTs. Right now, the NFT market is mostly guided by crypto-native tastemakers who are marketing their views to find acceptance on a broader scale. I won't go into each argument that has been shared on X, but the general premise is that you need to buy a small pool of tokens for the hopes of the highest appreciation over time. This is a theory I disagree with. I performed a bit of research on the top 50 art sales (adjusted for today's USD value) over the last 25 years. The majority (52%) of sales are concentrated amongst six artists, with Pablo Picasso being the highest concentration at 18%. The remaining 48% of sales were split among 19 artists. Most of the top art sales are from the 1880s and later, with only 8% of pieces being completed before then. The outlier sale from this period is a late-discovered Leonardo da Vinci painting that sold for a current-adjusted price of $590M, well-above the average for all 50 pieces of $188M. Anecdotally compared to NFTs, it's similar to say that there may be some collections with multiple record-breaking sales, but that will not exclude other collections from realizing similar results. There may also be one-off outlier sales, but generally, sought after digital art (regardless of its artist or creation date) could potentially trade in a set range. IMHO this means that while owning a piece of NFT art that the current stakeholders are marketing can be lucrative over time, it won't prohibit other collections from reaching similar or higher levels in the future.

Some Punk + Meebit pairs on this lovely Sunday afternoon. Show me yours below 👀. 1. Punk #2723 & Meebit #13625

Finally bridged by $PENGU over to @AbstractChain. TY to the team for implementing a delegate feature where the balance can be held in a HW wallet.

16% of people in America are now ordering foods to their house on a payment plan like klarna. Just to let you know how bad the world outside crypto is. I don’t think you realize the privileges you have rn.

If you’re about to fire up X for your next rage bait tweet about why X community is the face of NFTs and Y community stinks…

I frankly don’t care which project in this space is the “best”. Find your tribe, enjoy your time, and vibe. Blocking and muting all rage baiters to cleanse the timeline.

L's in the chat. Furthest I've made it by far.

Congrats to the Proof of Play arcade on this achievement. Each credit is ~$0.35 based on today's ETH price, making this a low-cost, high-entertainment game on Abstract. This ties to the arcade concept of fun for hours on a small stack. YLTSI

When the market is down, we play offline.