#36: Learning in Public: Bitcoin via Sports, Entertainment + Street Art

I don't know much about Bitcoin but I've been looking for an opportunity to learn more.

Thanks to what's happening with NFT (non-fungible tokens) in the Sports, Entertainment + Street Art worlds which I most definitely understand, I think I've found my path to learn more about crypto.

First of a series of posts, here's a quick summary of what I've learned so far:

1. NBA Top Shot Is Making It Happen

2. Topshot is an NBA-licensed product that lets fans purchase digital packs of cards (what they refer to as “moments”), then buy and sell them through a marketplace.

3. NFTs are digital tokens whose purpose is to generate verifiable scarcity and ownership.

4. Dapper Labs is Backed By Andreesen Horowitz + Union Square Ventures

5. NBA Top Shot tokens were the first product to launch on Dapper Labs’s Flow blockchain.

6. Flow was developed by the team responsible for the massively popular CryptoKitties.

7. Dapper raised capital from Union Square Ventures and Andreesen Horwitz to start its own blockchain technology called Flow.

8. Mark Cuban Is Into It

9. In a recent interview with Coindesk, he made it clear how bullish he is on the space, ways the Mavericks can benefit and his interest in investing.

10. Idea of Physical + Digital Blending

11. The notion of something having to exist in the physical world to hold value might be true for older generations but not so much for younger generations.

12. Nature of Digital Relationship Between Ballplayer / Artist etc + Fans

13. Intriguing to think of the different ways the relationship can evolve in mutually beneficial ways and the net new revenue implications.

More to come about this exciting space.

January 30, 2021 (Tweet Link)