⚓️ what is "free-to-own"?
DALL E this, DALL E that…have you CALL E’ed your mom lately?
if you can, pick up the phone and give her a dial.
that’s your alpha for the day.
DigiDaigaku out of *nowhere* rose up the NFT volume rankings over the weekend.
why? with $200 million in funding, they’re trying to turn the NFT gaming space on its head.
@0xRyze (above) breaks it down in more detail, but essentially the free mint (now sitting at a 14 ETH price floor) will be your character in a free-to-play Web3 game.
but the founder of Limit Break (the company behind Digis) prefers you call it “free-to-own”. the idea is that giving away the gaming assets will encourage 1) an active and loyal community and 2) that players aren’t motivated solely by making money through the game since they got the NFT for free.
with all the funding, Limit Break and Gabriel Leydon has a long runway to see if this model can work and create a successful P2E blockchain game.
and if Gabriel is half as good at making a game as he is at annoying NFT Twitter, then this might all work out.
I wrote earlier this year about how DAOs were the *future*.
once again, I was dead wrong (for now). the future always appears closer than it may seem…
in a space that moves *extremely* quickly (what was popular last week is rarely still popular the next), DAOs have been plagued by bureaucracy. they’re slow-moving…as they operate in the weird middle ground between crypto and conventional corporations.
for that reason, they are legally complicated and bogged down by logistics. because they are a “decentralized” authority, they rely heavily on votes from their holders. this requires a lot of attention from the community, which we learned is hard to come by in this space. are you keeping up with every Discord you’re apart of, for example?
LinksDAO is just now voting on *potential* golf courses. nothing is settled on what course they’ll pursue (literally), and likely, nothing will be decided on for another few months, maybe years.
in the long term, it’s perhaps a good investment that’ll pay off. but for now, you’re playing the same waiting games with DAOs that you would even with a conventional stock.
Steve Aoki is known for being a DJ. in the NFT world though, he’s known for buying “the top” and never making a profit. well, that changed yesterday as he made a 15 ETH flip in a bear market. what’s your excuse?
personal story…Bryce Paul and I have known each other for more than a decade. he was a groomsman in my wedding, is one of my absolute best friends, and we can *partially* blame him for my NFT addiction (considering he introduced me to crypto). his podcast Crypto 101, is super successful but more importantly just interviewed Betty from Deadfellaz. this means I *finally* get to plug him and his podcast. it was long overdue ❤️