3 Bright Sparks 🔥 in #crypto this week 🧵
Art & Innovation: TransientLabs T.R.A.C.E securing physical/digital art with blockchain
Regulation: $COIN's brian_armstrong visiting DC for #StandWithCrypto day with 40 founders
NFT & IP: Pudgypenguins in 2000 #walmart stores
First, Transient Labs.
New hardware innovation: Provenance, secured with and enabled by the blockchain.
T.R.A.C.E. - Tokenized Records for Artwork Certification and Evolution
What is it?
a. Sovereign creator contracts (Layer1 or #Layer2 )
b. Story Inscriptions immutably storing provenance on-chain,
c. Secure chips embedded into physical objects, which own the Digital Certificates of Authenticity with on-chain signing.
4/ Why it is massive?
Story inscriptions: Reading more about an art just by scanning a code & being able to tell longform stories.
Historical Record: Traces ownership change of hands, prices. Imagine if we can peek into the ownership history of Mona Lisa etc
Authenticity: Verifiable.
5/ @coinbase visit to DC
As usual, fighting the fight on our behalf, @brian_armstrong went to DC with 40 crypto founders to advocate for America to join the rest of the G20 and get some clear rules on the books! They even met with @SpeakerPelosi
👶🏃♂️for regulatory clarity.
6/ Regulators meet Innovators
Members of congress meet crypto entrepreneurs from their districts, creating jobs and innovating in America.
I love “put a face to the name, and reset their view of what the industry is” and “Can’t let a few bad apples set the narrative” msg.
7/ Pudgies: NFT meets IP use case & Mass Adoption
Unless you are leaving under a rock, you should by now have heard of @pudgypenguins being in 2000 walmart stores.
Massive step in bringing a Web 3 brand into arguably Web 2 biggest store.
9/ Why Luca Netz is a #GOAT
I love how he fulfilled a promise to a VC that he would get Pudgies into retail.
I love more how he did this without MAX Extracting from Web 3 with a new mint.
I love MOST how most if not all in our space are coming tgt to celebrate this W.
