If the endgame for Yuga Labs (creators of the notorious Bored Ape Yacht Club) is essentially a Web3 videogame, and that does appear to be what signs point towards, it seems like an opportunity to examine the closest Web2 equivalent and see what can be learned. Bungie, who were acquired by Sony at a $3.6B valuation in February, seem… Continue reading Yuga Labs vs Bungie – finding the Web3 delta
Category: Twitter Threads
NFTs – The Web3 startup investment vehicle
Consider NFT/Web3 projects as startup investments, except the only fundraising mechanism is equity crowdfunding and we’re ALSO the customers. It incentivises piling into the biggest project, as investors, users and advocates, because ‘making money’ beats ‘better ideas’. Of course in typical startup investment, incentives are better aligned to the point that seeking out smaller, more innovative companies… Continue reading NFTs – The Web3 startup investment vehicle