Fugio

@autodao

[Fugio @fugiolabs]

It me! and two turtle doves ⏯
🕊🐢🕊
Be back tomorrow to get on the roof 🔥 @saveartspace @gmoneyNFT fugio.eth #cryptopunks

[Naval @naval]

Careers are dead. Jobs are dying. Opportunities arising.

[DCinvestor @DCinvestor]

Punks are the new LinkedIn pfp

[Eli Scheinman @eli_schein]

This is fascinating.

Gondi just released a new feature that lets you buy a listed NFT for a portion of the total sale price.

An XCOPY work is listed at 100 ETH.

There is a loan offer on it for 50 ETH.

The buyer only needs to make up the delta (50 ETH).

In one transaction, the current owner receives 100 E (from two parties), the NFT transfers ownership and the new owner takes on the loan terms.

Interestingly, this works with Punks directly listed on the Punks marketplace as well.

[hoe_math = PsychoMath @ItIsHoeMath]

rights are not "when you give me something."

rights are "when you don't get in my way."

there is no right to GET something. there are only rights to not be limited.

[Fugio @fugiolabs]

@0xRoses0x @SignoreGondi @gondixyz @cryptopunks p2p ftw

[TokenWorks™ @token_works]

PunkStrategy has now purchased a 5th CryptoPunk

All of the punks purchased by the protocol are relisted higher

Eventually, the ETH from these punks will flow back into $PNKSTR

[Cozomo de’ Medici @CozomoMedici]

If you’re in AI, pivot to JPEGs

[Fugio @fugiolabs]

@justinaversano @Kaprekar_Punk Woah! Congrats

[Fugio @fugiolabs]

@dcinvestor Forever chemicals in the paper straws

[medved @mattmedved]

NFT treasury companies are coming

Whether we’re ready or not

GameSquare’s $5.15 million Punk acquisition is just the beginning

The math is simple: $8 million CryptoPunk sweep moved the floor 8 ETH overnight

Now imagine $50-100 million funds buying in

We've seen this playbook with Bitcoin treasuries like MicroStrategy, converting corporate cash to BTC to become a publicly traded crypto proxy

Now it's JPEGs getting the treasury treatment

The entire NFT market cap is still only the size of a single top 25 chain like Uniswap

The upside is clear

So are the concerns

Is the world ready?

Not really… but that's never stopped this space before

[Arthur Hayes @CryptoHayes]

Cryptopunks will outperform $ETH this cycle in $ terms bc $ETH bag holders will flex in NFTs, it’s an internet status game. The whole world economy outside of food and energy production is a giant status game, why would the internet society be any different.

[Eli Scheinman @eli_schein]

For a bit of background:

GameSquare’s largest investor is Jerry Jones. Jerry owns the Dallas Cowboys.

There was only one Punk that truly made sense. 5577. Ape with Cowboy Hat.

[6529 @punk6529]

3/ Or to take well-known museums:

a/ MoMA (200K objects, 2M film stills)
b/ Louvre: 615K
c/ Met: 1.5M
d/ Hermitage: 3M
e/ British Museum: 8M
f/ Smithsonian: 157M

[Fugio @fugiolabs]

@brianhc @punk9059 I’ve got a 4.84, seems low

[Fugio @fugiolabs]

@mendezmendez Guy who names his “gallery” after himself and proceeds to act all self righteous 🤔

[Benjamin Cowen @benjamincowen]

With the exception of Jan 2021...

BTC.D+ETH.D+USDT.D+USDC.D likes to top at around 82%

In Jan 2021, this metric went to almost 90%.

Currently at 79.64%

[Emily Xie @emilyxxie]

The average cryptopunk.

Took the pixel-wise mean of all 10,000 punks and constructed the mathematically average face of the collection!

[natealex @natealex]

10/

Vast majority of NFTs focus solely on growing their own IP after a presale. NFTs are reduced to a crowdfunding mechanism. This is a fine use case but I do not believe the market wants this to make up 99% of projects.

This imbalance is a result of (lack of) education and incentives. Collectors do not know what they do not know. Most have only ever been exposed to NFTs as IP. Creator incentives are also lacking because the barrier for custom art at the contract level is much higher than cloning a basic NFT contract.

If you can market well, it’s much easier to make future IP promises vs design/build new mechanisms and deliver everything up front. The money spends the same.

[Fugio @fugiolabs]

@aeonlafleur @believeapp Dont need middleman

[DCinvestor @DCinvestor]

there is literally no investor on earth, big or small, who doesn’t sometimes think

“you know, if i had made that move at that point back in the day, i’d have double the money i have right now,” etc.

this actually gets much worse if you then also think about compounding of potential gains over time

they key is to be able to reflect and learn from those moments to improve your behavior for the future, but also to forget about them so they do not shatter you psychologically and force you to make risky decisions so you can “make it all back in one trade” because you are anchored to hypothetical gains which don’t exist

it’s a fine balance