Redphone
@redphone
Tokenized content is the Trojan Horse. Everyone’s focused on trading, but it’s quietly creating the next internet-native behavior: collecting. Thoughts: 1. It’s not about speculation. It’s about collecting (like buying magnets on vacation bc you want to save a memory) 2. Our digital lives are overtaking IRL. If you have collectors in the real world, they’ll exist in the digital world, too, as normies move on-chain.
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Redphone
@redphone
3. You’re not trying to get rich. You’re building a carved wooden box of keepsakes. 4. Most posts will have a very low market cap ($0-$10). 5. A few extraordinary posts will be worth millions (imagine if you could own a bit of Do Kwon’s “Steady Lads” or SBF’s “1) what?)” 6. Collecting posts is the single best attack vector decentralized networks have against incumbent web2 giants. It’s a way to push value to the long tail of creators who are essentially marginalized/ignored today. 8. The real mindflip: tokenized content isn’t about speculation. It’s about love.
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Nate Maddrey
@nmadd
Magnets and physical keepsakes don’t have decentralized liquid markets built into them though I get where you’re coming from but I don’t see how speculation will ever really get separated from digital collecting. Especially if some of these posts really are worth millions
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Redphone
@redphone
Don't disagree... people speculate on collectibles all the time. I was more trying to point out how people say tokenized content will fail because it's not an ideal speculative vehicle. I think there are elements of both that will feed on one another. But tokenizing content is not exclusively speculative.
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