Introduction: The Crash Was Never the StoryIn March 2021, Beeple’s Everydays sold for $69 million at a Christie’s auction. To many, it was the starting gun for the NFT boom. Within months, profile picture (PFP) projects were everywhere, marketplaces like OpenSea exploded in volume, and a wave of artists, collectors, speculators, and brands rushed into the space. By 2023, it was over. Trading volumes collapsed. Floors fell. Twitter timelines went quiet. The world looked on and said what it alw...

Fusaka Meta EIP-7607 currently features PeerDAS EIP-7594 and EOF Meta EIP-7692 scheduled for inclusion.

In the early years of the NFT revolution, digital artists found in ERC-721 and ERC-1155 not just tools, but shields — mechanisms to validate art in a medium defined by its limitlessness. Non-fungible tokens gave us the power to point at an image and say: “this one is unique.” But digital art, like the networks it inhabits, never wanted to be unique. It wants to be copied, shared, DMed, projection-mapped and blockscanned. As McKenzie Wark reminds us in My Collectible Ass, the value of art no l...

the launch of my 3d collection, even the devil once had wings, went even better than i could have hoped for. i will admit that i did everything reasonably within my power to ensure that, even consulting my friend/numerologist vana to find an ideal date for the kickoff. of eleven pieces, nine were sold at auction and one other directly after the official minting window closed. one piece remains in my vault. to those who wanted to collect, but couldn't, showing up to cheer me on day in and day ...

In the ever-evolving landscape of blockchain technology, Ethereum stands as a towering monument to innovation and adaptability. Since its inception, Ethereum has undergone several transformative upgrades, each pushing the boundaries of what's possible in decentralized computing.

What if NFTs did more than just provide provenance and prove possession? As Dan writes in this newsletter, turning agents into NFTs would also let their holders improve their digital property.

Agents have “memories” that allow them to record their experiences performing tasks for their principals. These experiences are unique, which makes them non-fungible. An NFT could represent an agent, and holding this NFT could provide exclusive read/write access to an associated memory slot in a trustless memory layer (functioning effectively as a “license” to these memories).

Although I avoid doing podcasts like the plague, I did participate in one recently along with my partner Brad who co-founded USV with me back in 2003. Our partner Nick has a podcast called The Slow Hunch. The title was inspired by our friend Steven Johnson's Where Good Ideas Come From. Nick asked Brad and me to sit in his apartment, drink tea, and talk about USV and the Slow Hunch that brought us together to make USV and point it in the right direction 20+ years ago. While much of this conver...

Last week the executive branch of the federal government moved to dismantle the Department of Education, while simultaneously using the Department of Education to launch DEI investigations of some college campuses and withhold funding from others. It got me thinking. Letter for letter, NO may be one of the most powerful words in the English language. (There are other great candidates. You can’t beat “I” for efficiency, ego, or Cartesian duality, but today I’m thinking about communication betw...

Alright, mates, it’s late March 2025, and AI’s already causing waves—new models, smarter tech, and apps shaking up the game. But it’s not all smooth sailing; there’s some serious debate going on too.