High art is the quintessential representation of cultural history, transcending monetary valuation. Its value can exceed its price over time, making the timing of its appreciation priceless.
"Art is the history of culture. Cultural history is priceless." — Raoul Pal
One third of all Gazers will mark time with a special mode celebrating Bitcoin breaking $100K every December 4th. Now and forever.
Meaning is what we make it. 🫀🧠
Timing is priceless. ⏳🤌
If you found me on ApeChain, you might not know that I created the 1st large scale PFP collection on Base.
- the updates to Dank Pixel Gods are complete.
🧙♂️ The gods rest.
https://t.co/X97Ne4Ax8I
@BasedMinis@peekcell@base I like the idea of this work being pre-reveal, leaving collectors to find out what it would eventually look like. I wasn’t aware of the looks until today. It unfolds surprisingly just by today, I do like the final pleasing look.
Although meme coins attached to artists’ works can temporarily create liquidity or hype through short-term spectaculars, bringing attention to the masses within a short period, artist’s works are not just defined or stood by the surface with their floor price, their narrative, meanings, and depth of their works are as of significance of the value that takes in long term. Speculating meme coins attached to artists' work may have a negative impact or can devalue artists' work simply just by meme coin speculating value, this short-term speculation to artists and collectors is undoubtedly a disruptive action on a long-term basis. Taking on a sustainable level, we have to think about not just economic growth, but the social impact and longevity still deserve to be considered.
Hot take:
If memecoins are the preferred way for people to speculate on attention this cycle (TikTok, politics etc), can we see "artist memecoins" have greater success?
Let me put it this way, whether you like it or not a large part of the market in crypto is not simply "in it for the art" and likes to speculate.
In the 2021 art bull run, people were speculating on artists by buying predominantly 1/1s. It was an incredible time to be both an artist and a collector, because there was just a shit tonne of activity and it had all the focus.
I think one of the problems with collecting now, is that aside from a handful of artists, there is very little liquidity in the secondary market. This is completely fine for collectors who are deep believers in artists' work and happy to hold for the long term, but it cuts out a large part of the buyer base, the short-term speculators.
You may be an artists who does not want short-term speculators anyway so that's fine, but you may be an artist who welcomes all types of buyers (and sellers); I definitely fit into the second category.
So now imagine an artist has a memecoin, in addition to producing NFTs. If that artist creates viral artwork (just like how a meme goes viral on TikTok), could that be a mechanism by which people could speculate?
It's certainly an interesting concept, and I feel like in the crypto memecoin mania we are seeing right now it is perhaps a way for an artist to garner more attention on their work and invite a larger subset of market participants on them to speculate.
It is certainly not without risk and I think needs to be done in a careful way, but also knowing it is an irreversible decision that affects your future forever. The things to consider are:
- you will always have a fungible token price tied to you FOREVER, are you willing to take on that liability?
- a fungible token is very different to a non-fungible token and you have to take into account Securities law
- you may feel like art should simply just be art, and not attached or associated with a financial, speculative asset
- if your plan is to grant yourself some of the token, how do you ever monetise or sell it? It is important to highly reward your community
As you may know I am an enjoyooor of all things markets, art and speculation so for me it feels right at home, but this is obviously a highly controversial thought path and in general I think the significant majority of artists shouldn't have memecoins.
Curious to hear what people think.
Although meme coins attached to artists’ works can temporarily create liquidity or hype through short-term spectaculars, bringing attention to the masses within a short period, artist’s works are not just defined or stood by the surface with their floor price, their narrative, meanings, and depth of their works are as of significance of the value that takes in long term. Speculating meme coins attached to artists' work may have a negative impact or can devalue artists' work simply just by meme coin speculating value, this short-term speculation to artists and collectors is undoubtedly a disruptive action on a long-term basis. Taking on a sustainable level, we have to think about not just economic growth, but the social impact and longevity still deserve to be considered.
According to Decrypt, renowned on-chain art platform Art Blocks has announced that 90% of its artworks are now fully visualizable on the Ethereum blockchain, eliminating the dependence on the company's backend generator. This signifies that as long as the Ethereum blockchain exists, these artworks will always be accessible and enjoyable, regardless of whether Art Blocks continues to operate or not.
Several reasons why I would hold $MooDeng for longer
1. It’s a mini hippo with scarcity features: wet, adorable, mini, and humerus.
2. Top 5 meme coin
3. $MooDeng is trending among all meme coins and with a growing base of users
4. With a large growth potential, the price will grow from $0.35-$0.72, with a record all-time high of $0.70665 as of today.
5. Meme becomes a social topic among crypto degens
#Moodeng #solana #meme #trendingmeme #popularculture #crypto #pumpfun #crypto #memecoin #MemeFi #memeculture #NFT
Several reasons why I would hold $MooDeng for longer
1. It’s a mini hippo with scarcity features: wet, adorable, mini, and humerus.
2. Top 5 meme coin
3. $MooDeng is trending among all meme coins and with a growing base of users
4. With a large growth potential, the price will grow from $0.35-$0.72, with a record all-time high of $0.70665 as of today.
5. Meme becomes a social topic among crypto degens
#Moodeng #solana #meme #trendingmeme #popularculture #crypto #pumpfun #crypto #memecoin #MemeFi #memeculture #NFT
@laurashin Bitcoin ETF options are a balance act of security protection against risk, maximising the value of BTC, where there’s an uncertainty about what’s happening next, ETF options may be a approach to consider as instrument for future bids.