tycoon – Medium

May 16

Yuga Labs didn’t buy the CryptoPunks!

So, what did Yuga Labs actually buy? They only bought the intellectual property (I.P.) to the artwork, and around 400 cryptopunk Non-fungible-tokens (NFTs) that are from a collection of 10,000 tokens. Buying the I.P. is like a web 2.0 company buying web 2.0 property. Boring. This is an important distinction…

4 min read

May 9

V1 tokens are not the cryptopunks

I do not recognize the v1 tokens as punks. Sure, they were called “punks” for two weeks, and then the consensus moved over to the upgraded contract. I also believe that in order for a token to be a “punk”, it needs to belong to a contract with a fully…

6 min read

Mar 9, 2021

…a variety of mechanisms to determine “lottery ticket” allocation, but it essentially boils down to: 1 coin in your wallet, one lottery ticket.

“BUT THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?”

17.2K

Everest Pipkin

That's incorrect.

That's incorrect. In eth2, you still need to perform tasks to be able to receive a reward. (You're probably thinking of DPoS, not PoS)

1 min read

That's incorrect. In eth2, you still need to perform tasks to be able to receive a reward. (You're probably thinking of DPoS, not PoS)

Feb 15, 2021

The “L1 always congested” Thesis

Just a quick thought on L1 scalability, which I call the “L1 always congested” thesis: and why L2 will also be essential for Eth 2.0, and for all other chains too (should they get any traction). Why? That’s because if fees/congestion go down, then everyone will be careless about gas…

Ethereum

1 min read