+1 - Collectibles have traditionally been a core unlock for new e-commerce formats (auctions, live shopping, blindboxes, fractional ownership) because they are often scare & hype driven
They are doing the same for RWAs & the crypto platforms that support them
The real world assets onchain thesis:
Real world assets onchain allow people around the world to access assets that are otherwise not accessible.
Global access has always been the most interesting aspect of crypto and itโs also why BTC, ETH and other coins have succeeded to date. Coins that have enabled net new behaviors and are built on a deep belief in something beyond money are not going anywhere. But people now understand that when the cost of token creation is 0, tokens pump but later dump to 0. The pump era is ending and this is great for onboarding new users.
Whatโs left is a massive wave of consumer adoption led by tokens backed by real world assets. Itโs well underway with stablecoins but will accelerate in the next year with stocks, commodities, gov and corporate bonds, real estate and more.
Real world assets classes that are still nascent in their own right have most upside, so personally believe real world collectibles (sports cards and jerseys) onchain is the absolute best place to be building and investing rn.
Thanks to my sponsors @dripshop_live! Iโm partnering with them to give away 25 pokemon graded cards. Go here to claim yours: https://t.co/UH1Y6Mj1jH #AD
one of the quotes i find most inspiring on a hard day:
"Whatever your hand finds to do, do it with all your might, for in the realm of the dead, where you are going, there is neither working nor planning nor knowledge nor wisdom"
Ecclesiastes 9:10
There are two loops in every founder's head.
The autism loop: run your own model to the floor, ignore consensus, hold a thesis when everyone says you're wrong. That makes conviction.
The empathy loop: feel what the user feels, sense what the market wants before it has words. That makes traction.
Most people crank one and starve the other. Pure conviction builds something brilliant nobody wants. Pure empathy builds consensus mush.
PG put the whole job in four words: make something people want. The autism loop makes the something. The empathy loop knows it's wanted. The founder is the bridge.
Most great founders show up dominant in the first loop. That's why they're contrarian enough to try at all. The work is grafting on the second.
There is no place in the world that helps founders make the two loops work together to make great startups than Y Combinator. It is the most gratifying part of our work.
Stablecoins = tokenized dollars
gTOKENS = tokenized real world collectibles (sports cards, pokemon cards, game worn jerseys, etc)
Ask any 10 year old what they like more ๐