Thursday, September 16, 2021

Future Finance - Issue #124: Web3 Communities Are The McMansions of the Internet, One Day We'll All Work For DAOs And, Opensea's Front Running Controversy

Future Finance
Future Finance - Issue #124: Web3 Communities Are The McMansions of the Internet, One Day We'll All Work For DAOs And, Opensea's Front Running Controversy
By Alan Tsen • Issue #124 • View online
Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-chain finance.
And always, there's no shortage of news from the industry. So grab a coffee (or beer), and let's get into this week's news from the world of open and decentralised finance.
👉 Got some interesting news I should include in my newsletter? Feel free to respond to this email or hit me up on Twitter - my DMs are always open.
— Alan Tsen ðŸ‘Š 💯
Ps. If you like what I'm doing here, please feel free to share it on your favourite social media network. Also, it'd be great if you forwarded this newsletter to a friend you think might enjoy it.

📰 News This Week
The marketplace acknowledged that its head of product purchased NFTs that he knew were going to be displayed prominently.
www.theblockcrypto.com  •  Share
Zuwu🟩 👻🎃🦇
Hey @opensea why does it appear @natechastain has a few secret wallets that appears to buy your front page drops before they are listed, then sells them shortly after the front-page-hype spike for profits, and then tumbles them back to his main wallet with his punk on it?
Around the Block from Coinbase Ventures sheds light on key trends in crypto. In this edition, Justin Mart and Connor Dempsey explain what Loot Project is and why it's interesting. Pictured below, is…
blog.coinbase.com  •  Share
When people talk about the recent past and envision the distant future of crypto, conversation always comes back to the cycle of wealth creation and redistribution. Consciously or unconsciously, there's an understanding that growing the network doesn't just involve enriching the current members, it demands expanding the number of people who can afford to participate. 
future.a16z.com  •  Share
Source: Minimum Viable Participation in Crypto: Games, Costs, & Accessibility
Source: Minimum Viable Participation in Crypto: Games, Costs, & Accessibility
Friends With Benefits started as an informal crypto social club. But now, top VCs are taking notice and see huge benefits from backing the group.
www.businessinsider.com  •  Share
If you look at the social DAO landscape, you'll see communities with different social token models. Some, like FWB, use a fungible social token to gate community access. Many emerging PFP-based communities like BAYC use NFTs as the primary community gating mechanism. Whether fungible or non-fungible, social tokens in DAOs usually represent three different but overlapping roles:
creators.mirror.xyz  •  Share
Source: Unbundling social token economics, governance, and access
Source: Unbundling social token economics, governance, and access
These are among the last words I say to students at the end of my course on the crypto economy. When I began teaching the course in 2017, it sounded absurd to many of them. Today, less so. Crypto…
medium.com  •  Share
Blockchain-enabled groups, such as Friends With Benefits, invest in their own creative communities using cryptocurrency tokens. This technology has potentially revolutionary implications for the music industry—if harnessed responsibly.
ra.co  •  Share
Speculation is imagination with action.No great discovery or advancement happens without the leap of faith that it might be possible and acknowledging that you might be wrong. Speculation is taking a bet on yourself, on someone, or something that others aren't willing to take. Speculation doesn't mean a bunch of traders in a closed room moving money around. 
zine.zora.co  •  Share
We are entering the age of living online. An increasing number of people have employment that exists only online. We have meaningful relationships that are primarily or even only online. It should not be surprising that a growing number of us – especially we who are most intensely online – are embracing the concept of 'owning' online things. A belief in the value of NFTs is a logical extension of the vitality of online experience and existence. 
darkstar.mirror.xyz  •  Share
A few years ago, we might have accepted that the internet was killing religion. But what if it's making new ones in its image?
davidphelps.substack.com  •  Share
🎧 Podcasts Of The Week
NFT Culture Series Ep. 1: DCinvestor the Prolific Art Collector
NFT Culture Series Ep. 1: DCinvestor the Prolific Art Collector
The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Aftab Hossain, also known as DCinvestor, one of the most well-known names in NFT space. The two discuss all things NFT culture, the process of NFT curation, social dynamics …
pca.st  •  Share
Scaling Ethereum-Based dApps with Jack O'Holleran from SKALE
Scaling Ethereum-Based dApps with Jack O'Holleran from SKALE
In this episode of The Unstoppable Podcast, we're talking to Jack O'Holleran — Co-Founder and CEO of SKALE Labs, which is an open-source blockchain network for scaling Ethereum-based dApps.
pca.st  •  Share
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Alan Tsen

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