Non Fungible Tokens (or NFTs) are one of the most interesting things to emerge in the blockchain sector in the last year. Dieter Shirley came up with the ERC721 spec and the name and I talked to him about both and a lot more on stage at Token Summit last week.
If it seems like I am shouting every time I talk into the mic, I was. It was very loud in the room and I wanted to make sure people heard us. The video is about 30mins long and we covered a number of interesting topics.
It seems a whole new slew of phones that are optimized for blockchain applications are currently under development. Sirin Labs is going to debut its Finney phone in October 2018 which runs a custom Android OS. The phone will have built-in crypto wallets and will allow seamless behind-the-scenes conversions between different types of tokens. Blacture is also working on the Motif phone, which is supposed to launch in Fall 2018.
These are exciting developments, for sure. And while they might not make sense now, but don’t be surprised to see phone makers such as Apple start to incorporate chips and OS level integration for seamless behind the scenes conversions. For me, this is a trend to watch.
Coinbase started out as a place for individuals to buy, sell, and hold Bitcoin. They launched that in 2012.
In 2015, Coinbase added the GDAX exchange where institutions, other exchanges, and large traders could trade Bitcoin.
By the middle of last year, it became clear that many big institutions were entering the market and needed a lot more. And so Coinbase went back to the drawing board and developed a plan for a comprehensive suite of institutional products. And that is what they announced yesterday:
Coinbase Institutional Coverage Group
What started out as a simple web and mobile app for buying, selling, and holding Bitcoin has evolved into a full-fledged financial services company, serving
There are few investors I have more respect for than Warren Buffett and Charlie Munger. So much of what I believe as an investor has come from watching them conduct themselves over the last thirty-five years (that’s as long as I have been paying attention to investing as a discipline). I believe in fundamental value, I believe in buying when others are selling, I believe in holding positions you find attractive over very long periods of time, and I believe in a lot more that they have espoused and done.
Token Regulation in the US
The Asian Crypto Landscape
Token Regulation in Switzerland
I will be there and will talk to the CTO of CryptoKitties Dieter Shirley about digital collectibles. My partner Brad Burnham will be on a panel discussing token regulations. And some of our companies will also be speaking, such as Blockstack and Coinbase.
May 14-18 is “Blockchain Week” in NYC and also features the Consensus Conference where I will be doing a fireside chat mid-morning on Wednesday May 16th. If you are in the blockchain/crypto sector,
About 3:15 into this video Chris Burniske asks an interesting question about how the CryptoKitties team thought about designing the kitties and the next ~four minutes are a revealing discussion about how blockchains may change the way digital art is created and sold in the future.
As a person who is not of Wall Street I have always looked at it differently than a lot of people. I grew up in the pits of Chicago. We traded our own dough and didn’t use OPM. We had a lot more in common with Roman gladiators than the suits in NY. The markets were different, cleaner in my opinion, with less conflicts. I never understood the whole market maker system. We prohibited order fillers from even trading, much less taking the opposite side and “adding liquidity” to the market when they felt the need.
A friend asked me at breakfast this week “what gets you excited in crypto these days?”
I answered “Dapps.”
If the second half of 2016 and all of 2017 was about raising capital to fund development efforts (and speculating on all of that), then it sure feels like 2018 is the year we start getting decentralized applications (Dapps) we can use.
Our portfolio company Blockstack offers a decentralized platform that developers can build Dapps on.
I have Blockstack’s web client running in Safari on my home desktop and here is a screenshot of some of the Dapps I can run in that environment:
A cool thing about Blockstack is that identity is built into the platform so I am already a user and have a profile in every one of these Dapps because I have a Blockstack identity/profile.
Another ecosystem that is really taking off right now are Ethereum
There are still plenty of non-believers in cryptocurrency out there. The recent data are giving them ammunition and lots of reasons to keep their opinions that crypto is a fraud. I don’t know if you saw this post by Satis, but it sure is not helpful if you are a crypto bull. 92% of all ICO’s are either scams, dead, or they failed to raise enough money to follow through.