guest SuperMassive – head of video at Defiant, covers crypto / web3
20 years as filmmaker
Glut of NFT stuff today, compared to when Bored Apes launched
Macro is deeply uncertain right now
NFT volume has dropped, but top projects haven’t fallen much – Mutants, Karafuru
Carly likes using Dappradar to track projects
SM uses Watchtower (paid app)
Some trends
Emergence of manga / anime style (Azuki)
Evolution of what’s considered “blue chip” (Artifact)
Vtubing trend – using avatar that tracks your movements in eg, Zoom calls
Opportunity to translate NFT into vtube scaffold
Can still emote / behave as yourself in metaverse but look like character
Recent explosion in Asian art / themes – CloneX (Murakami), Karafuru (comes from Indonesia), Azuki (anime style art)
Damien Hirst’s Dots – blue chip moment – price has dropped
7yo son and 9yo daughter, get their feedback on which NFTs – they liked Azukis
MFers – Bankless likes them, growing interest in NFTs
8000eth Punk sale – Deepak.eth bought it (CEO of Chain)
Has spent $31M on mutants, serums, and this punk
Also bought the M3 serum (!)
Took Compound loan to pay for it
Self promotional
We will label people as ape owners but not Tesla owners – that’s bizarre and interesting
NFTs have more tangible ownership value than shitcoins – and harder to sell so more hodling
NFT space is making up its own rules now
X2Y2 airdrop – wasn’t that valuable, had early issues so paused airdrop
LooksRare volume dropping, lot of it was wash trading, falling rewards
We’re all waiting for Coinbase NFT marketplace
Also NYSE doing an NFT marketplace too – what will it look like?
New stat that # of US people who hold crypto > # of US people who have a savings account (!?)
Will be an international arms race for stablecoins, crypto products
Carly works with Andrew Yang on his new Lobby3 initiative – anti-poverty benefits of crypto and web3
“if you’re not at the table, you’re on the menu”
Disney hired tech exec Mike White to lead metaverse strategy – taking it seriously
More confident Disney can do it than Facebook
Lens Protocol to build social apps
Possible future where writing good comments = NFT = can become collateral for buying a house
Lots of citizen policing in this space – community sorts it out – but media always prefers talking about the rugs
SM’s two exciting projects – Cyberbrokers (respected artist) and Aku collection (former MLB player)