My biggest focus is currently decentralized autonomous organizations. I’ve always been fascinated by the future of work, and it seems that DAOs will play a significant role in this. I’m starting my personal ‘DAO’ or ‘DO’ to experiment with this, and we are building Arteztic.
While we are on the topic of NFTs, I find this observation of Dylan Field (Founder Figma) - who sold punk7804 (considered the Mona Lisa of digital art
) for $7.5million very interesting.
I think the “What is art?” question for CryptoPunks is super fascinating because there’s all these different ways to break it down. There’s the algorithm of how punks were generated in the first place: They had this algorithm that would remix all these different characteristics infinitely, and they took a random sampling of 10,000 of the different images that came up. They could have had millions. This is a random collection of the universe of punks. So maybe that’s the art.
Then there’s individual punks as well, like 7804. And that seems to be art, too, in terms of the individual piece of art. But what I’ve come around to is the belief that the community itself is the art piece. The market, the discussions that are being had, the community that’s forming. It really does care so much about the project and is loving it into existence. That is the art piece itself, these interactions were all happening around the punks ecosystem.
That’s where DAOs and NFTs come together and will play a role in how we create communities. People will form collectives differently, owing an NFT might be the start of a new organization.
A good example of this is, is Loot
, where a version of this is happening; people who hold the NFT are building the actual project. It’s fascinating; read this article
to learn more.
At the moment, it’s hard to predict where exactly all of this is going. But I think that’s the wrong question to ask if you think about how the future will look like.
People build the future, and one thing is for sure: many smart people on the internet start to work on web3 projects or experiment with them, and a lot of money is flowing into this space. It is easier to react than to predict.
See you next week.