wait wait wait so you’re telling me there’s a world computer that exists everywhere and nowhere, that no single person or company owns or controls, that anyone in the world can use, that anyone can deploy software to without asking permission, that’s been running continuously for over a decade, that processes billions of dollars in activity daily, that has tens of billions of dollars sitting inside permissionless contracts, that lets complete strangers exchange money and assets without trusting each other, that lets developers build on top of other people’s applications without even talking to them, that enable a type of networked generative art that’s never been possible before, that has no CEO, no business hours, and no off button? nice.

fwak it built something on top of ethereum:0xa0df17b5ac76ababa36e1450e2cbcd18a620c845, inspired by friends like @ripe0x who keep flooding my TL with cool onchain stuff tl;dr - 1 in 5 chance of a full FWA spin at ~1/5 of the price, you remain eligible for ethereum:0xa0df17b5ac76ababa36e1450e2cbcd18a620c845 rewards and every spin, makes you eligible for $FWAK, win or lose

ok so the upcoming punk or bust rounds are extremely degen it's literally pull a punk or bust, meaning if the round doesn't pull a punk you get nothing back the tradeoff is pull volume doing one pass of pulls with 10 eth nets around 130 attempts, versus ~800 attempts when recycling the eth back into the pool so for each pull, if the result is not a punk it gets settled in eth immediately, and that eth is added back into the pool to be used again on another pull that cycle continues until either a punk is hit or the pool is empty once a punk is hit it gets listed for auction on @punksauctions and then after settling the proceeds are distributed pro rata to the winning pool's contributors glhf

this has been making the rounds in groups/dms and want to make sure it's shared here on twitter, especially since so many events happened at Time To Be Happy this year seems to be a recurring pattern toward female artists based on comments and convos

one cool thing about NFTs exposed to liquid assets is that they can easily plug into DeFi in the past there were many experiments trying to mix DeFi + NFTs this was a dream for OGs but most failed or stayed niche like NFT + lending the problem was the illiquid + non fungible nature of NFTs a new era of NFTs is beginning they’re not just cultural status anymore. they can be economic tools too take the shape collection for example each shape is backed by Ξ this makes it much easier for lenders to underwrite the risk of your NFT you can keep the cultural status + aesthetics of your NFT while also benefiting from its liquid side so powerfull

what started as MEGARIP v1.1 has turned into a protocol layer for building games on FWA i realized a lot of the underpinnings of MEGARIP like execution, custody, reward routing, isolation between games, is valuable beyond MEGARIP specifically so i’ve pulled that out into shared infrastructure, with MEGARIP as the first game on top other games built on the rail also feed into a shared FWA rewards pot, with an opportunity to win the whole thing on a weekly basis from there you can have different games, different risk profiles, autonomous machines, shared jackpots, games built on top of MEGARIP, etc all using the same rail and contributing to the same pot was absolutely not the plan when i started this update lmao, but it feels like a much more useful thing to build long-term and can serve as FWA infra