Co-Founder @nftpricefloor | NFT taxonomist Passionate about Digital Art & Product Design. Sometimes I write 🖊️
decentralized
Joined February 2018
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"Only as a sovereign jurisdiction and global economic power will Ethereum achieve its full potential as the ultimate coordination technology"
Shout out to @Foobazzler (imho one of the best writers of the space) for helping me with this article.
TL:DR 👇
cryptodiario.medium.com/ethe…
Diario retweeted
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
Diario retweeted
If you learn anything today, learn this👇
Market cap of NFTs, now compare to whatever you want, how much smaller or bigger do you want it to go?
You’re in the driver seat
Diario retweeted
This is the flagship collection IMO of @artblocks_io and this is the first time it’s been under 2 ETH @nftpricefloor ranks 6th by market cap.
Diario retweeted
Last 24h top NFT sales via @nftpricefloor. Someone dropped 43.5 ETH on a Punk an hour ago while the rest of us are still arguing about gas 👀
• CryptoPunk #6687, 43.50 ETH
• CryptoPunk #8871, 32 ETH
• CryptoPunk #7608, 29.99 ETH
• Azuki #4849, 22 ETH
• Argonaut #7349, 10 ETH
• Checks 36, 8 ETH
• a.c.k., Set 030, Ed. 5, 6.90 ETH
• Azuki #3889, 6 ETH
Looks like the same wallet sold both Azukis, 28 ETH out the door in one day. Either they know something or they really needed a Punk.
Punks still own the podium. Shocking, I know.
What did you grab today?
Diario retweeted
Last 24h top NFT sales, via @nftpricefloor
• CryptoPunk #5191, 58 ETH
• CryptoPunk #8264, 55 ETH
• CryptoPunk #3378, 33 ETH
• BAYC #4145, 8.98 ETH
• BAYC #9281, 7.50 ETH
• Argonaut #5974, 7.50 ETH
• BAYC #4954, 6.16 ETH
• BAYC #3353, 6.06 ETH
One wallet took #5191 and #8264 within an hour. 113 ETH of Punks before dinner, casual.
Ape #4954 was flipped in under a day for +0.12 ETH. Fees ate that profit.
Who's the 0x60de whale?
Diario retweeted
Last 24h top NFT sales:
• CryptoPunk #1349, 38.69 ETH
• CryptoPunk #4064, 31.49 ETH
• DEAFBEEF Series 2 #137, 22.69 ETH
• BAYC #4954, 6.04 ETH (and about 20 more Apes printing 5 to 6 ETH)
• CloneX #15027, 5.99 ETH
Two Punks clearing 30+ while Apes do floor laps. On-chain DEAFBEEF still eating.
Blue chips rotating or just Tuesday liquidity?
Diario retweeted
A watershed moment: Vera Molnar is showing across 4 titans at once—
@GrandPalaisRmn, @newmuseum, West Bund x @centrepompidou, & @V_and_A.
With 2 major books out this Nov, the canon has shifted.
Algorithmic code stands beside paint and stone.
The gates are wide open.
Diario retweeted
You might not know who Gene Kogan is, but your LLM does. Gen Art Timeline 👇
This was cutting edge AI video 5 years ago. "CryptoPunk Sunset 17" from Brain Loops by @genekogan. I love these so much I can't fully put it into words. Thank you for making these, Gene.
Diario retweeted
Floating World Genesis by A.A.Murakami @aa_murakami is a series of 250 digital artworks that chronicle the origins of life on earth.
Released in Dec 2022 on Art Blocks with @PaceGallery, they were inspired by the Miller-Urey experiment of 1953, exploring how life first formed in the primordial oceans of Earth through self-organizing bubbles.
Diario retweeted
With the recent market moves, Glyphs and Squiggles have moved up one spot each on the @nftpricefloor league table.
NFT Collections by Market Cap:
1. @cryptopunks
2. @BoredApeYC
3. @larvalabs Autoglyphs (+1)
4. @artblocks_io Squiggles (+1)
Diario retweeted
honored and stoked to circle back on this topic
a little over three and a half years ago, i wrote an essay that helped define attention networks for internet art, the role of external dependencies on terminal value creation, and how to think about digital objects as SoVs
teapawt.net/derekedws/status/16225…
still have many folks bump me about these topics to this day, grateful the concepts took off and still deeply resonate with folks in the crypto art space ♥️
will revisit some of these ideas with @benroy and @akasteveyyy for the crew @Fountainxyz later this week
How well have the concepts of "no external dependencies”, “networked art”, “stores of value" aged in 2026?
@benroy and @akasteveyyy chat with @derekedws to talk about how his theses on cryptoart have evolved.
Join us on Wednesday, September 30 at 5PM PST/8PM EST
teapawt.net/i/spaces/1RJjpbXrQwoKw
Diario retweeted
My thesis: Pre-AI Model algorithmic art on @artblocks_io is going to age like fine wine because the skill was verifiably harder and it's timestamped.
Diario retweeted
The first week of Nightshades is in the books and the results are amazing to look at. If you're interested in onchain games and mechanism design, please take a look at Nightshades! If you like dope characters, we have those too.
Diario retweeted
14 days ago, I wrote that a clear and decisive breakout above that black resistance line is around 0.15 to 0.20 ETH.
We are at 0.13 eth!!!!!!!!!
👀
NFT Chart: Nakamigos
Someone asked for a Migos chart, so here it is.
@Nakamigos has continued to hold above its long term floor support, the blue line around 0.08 ETH, for roughly the past two years. At the same time, it has repeatedly failed to break through the descending upper resistance line in black despite several attempts.
To me, that combination still looks consistent with a prolonged corrective Wave 2 structure.
The pink and red lines represent the next major support zones if sh!t really hits the fan. Hopefully we never have to test them.
For a true Wave 3 bull run to begin, I want to see a clear and decisive breakout above that black resistance line. Right now, that looks to be somewhere around 0.15 to 0.20 ETH. Until then, we are still inside the larger corrective structure.
But if Nakamigos can finally break that resistance with conviction, that is when the chart gets much more interesting.
NFA.
Diario retweeted
The Nyan Cat, Nyan Balloon and Nyan Dot Cat collections have been added✨
Done!
We also created a dedicated profile for the artist @PRguitarman 🫡
nftpricefloor.com/top-nft-ar…
Diario retweeted
Thrilled to announce that Cone Gradient Study #11 has been acquired by @V_and_A and will be shown in an upcoming exhibit around Vera Molnar and generative art. Super thankful for @verse_works @leyla_solos support !
Diario retweeted
Another cool aspect of Anvil is that it makes the ecosystem deflationary without burning NFTs.
Each NFT is pegged to a set number of faction tokens. Every time faction tokens burn, fewer NFTs can be swapped out of Anvil and returned to circulation.
This effectively reduces the circulating NFT supply without burning the art.
And there are already not enough faction tokens left in circulation to swap out every NFT deposited in Anvil.
