I wanna take a moment to appreciate @wubbushi for all he has been doing.
If all devs are dedicated to their projects like what he has been doing, we would be in a better place by now.
Wakes up and goes straight to building cool shit ❤️🤝
@AdamWeitsman with me since 2021, from Cardano where each was valued at 15K, to Etherum, passing through Base… and always in my wallets no matter what… and now i have bought 5 new colleagues
Once an Ape, always an Ape
@the_ape_society
THE MARKET DISCOUNTS WHAT IT CAN’T EXPLAIN YET
Jack just moved BALANCE from an interesting proposal to a dated market event
The initial supply will be auctioned through a Uniswap CCA on 10/20 at 10:20 EST
He says he bought back 1% of the maximum possible supply on the open market, will make $0 from the sale & use all proceeds to provide liquidity to the artwork
That changes the conversation
One thing I’ve noticed watching @jackbutcher build CREDITS:
Every time another layer is revealed, someone asks for the “explain it to me like I’m 5” version
I get it
The system is complex
But complexity may also be where the opportunity lives
The market is good at pricing a floor
It’s much worse at pricing a system while the pieces are still being assembled
▷ Each CREDIT is an individual artwork with an official rating derived from the relative rarity of its visual inputs
▷ 80 CREDITS can be permanently burned to compose one Statement, carrying their combined Credit Rating forward
▷ Statements can overprint one another, burning the incoming Statement while preserving its layers, history & rating inside the survivor
▷ A Statement can be permanently locked to release its Credit Rating as transferable BALANCE
▷ Each wallet can claim a persistent artwork displaying its BALANCE and inherited CMYK colors, even if that balance begins at zero
As BALANCE moves, color moves with it
When balances meet, their colors mix
When a wallet empties, the artwork remains
Jack describes it as “an artwork with liquid provenance”
And the artwork can remember far more than the present number
Peak balance, total received, total sent, transfers, Statements surrendered, times emptied, returns from zero & potentially an increasingly granular history of how that wallet participated
That means BALANCE isn’t simply a fungible token attached to art
🤯 The movement of the token becomes part of the artwork
Credit Rating becomes the bridge between the original CREDITS, composed Statements & a transferable liquid layer
This is also why I don’t think the market is pricing every CREDIT intelligently yet
I continue finding high Credit Rating pieces listed near ordinary floor pieces, where the seller appears to be pricing the image but not the position it could occupy inside the larger machine
That’s why I keep stacking the ones I believe are mispriced
Not because complexity guarantees value
Not because an auction or liquidity automatically creates demand
And not because permanently locking a Statement is a trivial decision
Because the system now has a visible path from individual artwork to composed artwork to liquid provenance
CREDITS
👇
STATEMENTS
👇
BALANCE
A finite supply expressed across an expanding surface
The broader market now has a date by which it must begin understanding rating, composition, overprinting, permanent locking, color ancestry & transferable provenance
By the time everyone can explain why the system matters, the easiest asymmetry may already be gone
👉 The market doesn’t reward you for understanding after the chart explains it
finally get to talk about this after chatting with @jackbutcher and @ericzhong last week :)
balances will combine digital artwork with liquid provenance
one of the most interesting applications of Uniswap CCA imo
Kept doing X2 back and forth.
Best collection to do a swing trade on currently
Due to the ongoing burn for Statements collection, we’ll continue to witness pump and dumps for Credits.
Best rn you can swing trade.