i’m pretty bullish on NFTs making a real comeback this cycle art NFTs can have another run, but i’m more interested in how much experimentation happens around the format itself agents, ownership, new launch mechanics and different ways to connect NFTs with onchain products all open up fresh design space we’re still early in the broader onchain rotation, so i expect people to get a lot more creative with NFTs from here

i see NFTs finding a new role as more businesses and financial assets move onchain tokenized stocks, RWAs and stablecoins are creating new infrastructure, and NFTs can become another layer around ownership, access and community the NFT + fungible token hybrid idea has already been tested before without really taking off the concept is worth revisiting though: liquid tokens for broad participation, with NFTs representing a more specialized tier of ownership or benefits that feels like a more interesting direction for NFTs this cycle

i’m looking at SOL through a much longer time horizon than current revenue if crypto keeps moving capital and assets onchain, the L1s that become core infrastructure should be valued around the activity they could support over decades Solana today only has a small number of applications generating serious revenue the upside case comes from what happens if that becomes hundreds or thousands of successful businesses built onchain for me, that future activity matters more than a snapshot of L1 economics today

i’m treating this cycle on its own terms previous major BTC bear markets took roughly a year to find their lows and drew down 75%+ from the top this time, the deepest drawdown so far has been closer to 53%, followed by a much earlier recovery in price the market structure has changed too, with new ways for institutions and retail to enter crypto and move onchain memory mapping every move to 2018 or 2022 feels less useful when the setup itself has changed

i view dedicated social trading apps keeping their edge even if X eventually brings trading directly into the timeline X serves too many different use cases, while these apps are designed around discovering trades and acting on them quickly the callout model takes that a step further by connecting attention directly to trading volume if creators can earn from the volume their posts generate, that creates a pretty powerful loop between content, distribution and trading

Market Bubble ep.21: my full conversation 0:00 - CASHCAT, Stonk and the launchpad race 11:04 - Tokenized stocks and the next onchain trade 22:43 - NFTs, memes and finding 100x trades 43:01 - Meta, ansem(io) and crypto security 54:58 - Bitcoin, Hyperliquid, AI mining and Ethena

you do not need anything else other than an internet connection & an iphone to make $1,000,000+ over the next 12 months tokenization supercycle + 24/7 perps + social trading emerging seriously for the first time as a global metagame is going to give insane opportunities to those terminally online that learn how to trade attention & virality

i still see airdrops as one of the strongest catalysts for bringing activity back onchain trading terminals captured a huge amount of volume last cycle, and many still haven’t rewarded their users when competition for traders gets tighter, rewarding early users becomes a powerful way to build loyalty and keep liquidity around we’ve seen how much activity a well-timed airdrop can unlock before, and i expect that playbook to show up again

i’ve always liked SOL, but this cycle could broaden the opportunity beyond just holding SOL SOL had huge runs across multiple cycles while a lot of the surrounding DeFi and infra trades struggled to capture the same upside now more users and capital are moving onchain, and the ecosystem has had years to mature that makes the broader Solana ecosystem a lot more interesting to me this time around