quote: The lesson from '94 still holds: value traces to 𝗿𝗲𝗮𝗹 𝗰𝗮𝘀𝗵𝗳𝗹𝗼𝘄, not the noise.
Same rule, new arena — a game economy priced on actual play. 🔹
https://x.com/i/status/2078637540979138693 | 1. Everything started back then. :-)
2. In 1994, as a sophomore in college, I took Finance 101. It started with “What is Wealth?” and covered cashflow, NPV, IRR, dividends, company valuation — the fundamentals of capital markets. I felt a deep satisfaction, as if I had finally understood how the world really works.
3. I remember the final chapter was “Future of Finance.” It boldly concluded that in the future, everything would become an asset and be traded. Every valuable thing in the world would turn into an asset. The excitement I felt at that moment still lingers.
4. However, riding the internet revolution, I joined a small startup called Nexon with about 10 people in 1996 and dove into the gaming industry. For the next 22 years, I focused more on games than finance. Then, the hype starting in late 2017 led me to study blockchain. In 2018, I became convinced that blockchain could break games’ closed economies open, turning every game into a real economic arena. For the past 8.5 years, I have poured everything into building a blockchain game platform.
5. Before AI, over 60,000 new games were released each year, each with hundreds of valuable items — perfect assets for the digital economy blockchain creates. In the AI era, the number of games will explode to millions or billions. In everyday life onchain transactions, games will take the largest share. How many times a day do you shop or send money?
6. But games are not everything. Ultimately, every valuable thing will go onchain, and some valuable things will be born as new digital assets.
7. A prime example is fandom. Stars and fans form communities and are core players in the economic ecosystem. By tokenizing existing tangible and intangible economic activities and contributions onchain, we can create matching digital assets and build a true digital economy. This will make fandoms more valuable and sustainable.
8. There have been many attempts, most of which failed — and many more will fail. For an economy to function, “cashflow” is essential. Most projects failed to meet this most basic requirement, so they couldn’t succeed or sustain success. Every successful project had cashflow to support token burns. Tokenomics without cashflow is a house of cards — destined to collapse eventually.
9. I have been waiting since 2018 to find and build this fundamental. Now, the time has come.
10. Streamers are emerging as the stars of the new era. They each build their own fandoms, large or small. They generate real cashflow through streaming, which has a strong positive correlation with the size and strength of their fandom. Streamer tokens meet all the necessary conditions to become true digital assets.
11. That’s why we are launching streamer tokens powered by the @ONEwave_xyz system. Setting aside other community aspects for now, all income streamers earn through ONEwave will be used to buy back and burn their own streamer tokens in the market. The more they expand their fandom and generate income, the more buyback and burn will occur. This is perfect basic tokenomics!
12. @SalleSRJnaWeb3 is stepping up as the first mover, launching his own token, $SRT. All ONEwave income he earns will be used to buy back and burn $SRT in the market. Under an immutable smart contract structure, everything will be determined by his activity and fandom. Good luck!
13. Looking back now, exploring the “Future of Finance” I first encountered 32 years ago feels almost surreal. Naturally, I will embrace and follow this destiny.
p.s.) There are many opinions about memes, but I judge them by one single fundamental criterion: Is there sustainable cashflow for tokenomics? If yes, it has the potential to survive. If not, its fate was sealed from the beginning. :-)
65·B+Long
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twitter7/21meme
quote: .@SuperRare is for shipping.
Over the last 3 months we have been heads down and shipped a ton of new features on SuperRare. We’re laser focused on building the best collecting experience on the internet powered by @ethereum
1) New homepage
It’s been way too long since the website got a refresh. We rearchitected the homepage to give collectors a better sense of what's happening in realtime, what’s trending, and what's happening on the platform today.
2) Hype machine
Sharing a art is a big part of the collecting experience. We now auto generate Instagram Story cards, X post images, and square share images. Download or copy and send it on the tl.
3) Normie onboarding
Sign in with email or social accounts and start collecting in seconds. Literally.
4) Meatspace art
Art is art. Digital or physical, it all has a special place in our lives. We now support physical works on the site and are building out a print integration to allow anyone to sell museum grade prints of their work.
5) Editions
1/1 grails are my favorite but not everyone can yolo a few racks on a single artwork. Editions give artists a way to connect with collectors at a variety of price points.
6) Charge it
Buy artwork with a credit card or Apple Pay, no need to think about crypto.
7) Live auction chat
Everyone loves a troll box. We added ephemeral chat to live auctions so artists can jump in and chat with collectors during an auction. Chat also supports slash commands for faster bidding and sharing.
8) New notification engine
Fully rearchitected notification system that updates you about new offers, bids, sales, follows, collaborations, and new work. Save the app to your homescreen for notifications on the go!
9) Collab SZN baby
Collaborations are now fully supported to allow collectors to better understand when a piece is co-created.
This isn’t even the full list but I need to get back to my agents and keep shipping.
We're building the best place on the internet to discover, collect, and experience art.
Stay $RARE. | Ethereum is for shipping.
Here are some of the things the Ethereum ecosystem launched, upgraded, and announced over the past month.
0/ @RobinhoodApp launched Robinhood Chain (@RobinhoodCrypto) on mainnet, an Ethereum Layer 2 built on the @arbitrum stack, enabling 24/7 trading of tokenized stocks and ETFs for users in over 120 countries through Robinhood Wallet. The network surpassed $1B in DEX volume in just over a week.
1/ @aztecnetwork achieved Stage 2 rollup decentralization under @l2beat's framework, removing governance control over its core protocol and taking another step toward trust-minimized infrastructure.
2/ @VitalikButerin shared updates to Ethereum's evolving technical roadmap, outlining the next phase of Lean Ethereum and the protocol's long-term direction.
3/ @ethlabs_org launched as a non-profit R&D lab for Ethereum and ETH. Their mission is to make Ethereum the settlement layer of the global economy.
4/ @ethereuminsti launched as an independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem.
5/ @aave introduced Stable Vaults, fixed-rate stablecoin yield vaults designed for seamless integration into consumer applications.
6/ @zama launched the First DeFi Yield Venue for Confidential USDC (cUSDC) in partnership with @Morpho and @SteakhouseFi, bringing private stablecoin lending to Ethereum.
7/ @swissknifexyz launched a new Privacy Protocol Tracker, making it easier to compare fees, wait times, supported chains, and other metrics across Ethereum privacy protocols.
8/ Global tickets for @EFDevcon 8 went live, alongside speaker applications for this year’s conference in Mumbai, India.
9/ @Optimism and @toss__official signed an agreement to explore bringing the Korean Won onchain, expanding blockchain-based financial infrastructure for one of South Korea's largest fintech platforms.
10/ @OctantApp completed Epoch 12, its first full quadratic funding round using a zero-knowledge vote coprocessor and new voting application, distributing 88.1 WETH to Ethereum public goods projects.
11/ @0xprivacypools launched the trusted setup ceremony for Privacy Pools V2 ahead of its next protocol deployment.
12/ Gwei Name Service launched an ownerless, immutable Ethereum naming system built without administrative ownership.
13/ @ammalgam launched on Ethereum mainnet, introducing oracle-free lending without impermanent loss.
14/ @lodestar_eth added support for Fast Confirmations, allowing Ethereum node operators to confirm transactions in a single slot using validator attestations.
15/ @PrivacyBoost introduced preconfirmations for private transfers, allowing transfers to be treated as usable in around one second before final settlement.
16/ The @ethereumfndn published Ethereum Basics for Governments and Institutions, a new primer introducing Ethereum as a credibly neutral digital public utility for policymakers and enterprise leaders.
17/ @OndoFinance launched @OndoPerps, enabling tokenized stocks to be used as collateral for perpetual futures across equities, commodities, and indices.
18/ @base introduced Base Privacy, giving enterprises infrastructure to trade, pay, and settle onchain with built-in confidentiality and compliance features.
19/ @BGDA_UK launched BAGEY, a natively tokenized UK regulated fund on Ethereum where the blockchain serves as the legal register of record.
20/ @sparkdotfi launched the Stablecoin FX Layer on @Uniswap v4, introducing shared liquidity infrastructure that lets stablecoins access a common liquidity layer.
21/ @Trueo_ launched user-created prediction markets, allowing anyone to create a market by asking a question and letting participants trade on the outcome through a fully onchain prediction market.
22/ @kpk_io integrated @OpenCover Covered Vaults, allowing depositors to add opt-in onchain insurance to curated vaults, with coverage underwritten by @NexusMutual.
23/ @PropellerSwap launched Turbine on Ethereum mainnet, enabling large trades to settle with lower slippage by sourcing liquidity across onchain, offchain, and peer-to-peer markets.
24/ Hosted by @web3privacy, the Neocypherpunk Summit brought together around 1,000 builders and researchers in Berlin to advance privacy, open-source infrastructure, and human rights.
25/ @eth_systems launched as a company building modular privacy infrastructure for institutional Ethereum.