Welcome to another issue of my obsessively curated field notes (💎 at the bottom👇 ).
“We’re seeing this convergence of culture, finance and technology, It’s no longer just a technological paradigm shift. It’s no longer just a new financial system. It’s also a new way in which culture is made, consumed and distributed.”
– Jamie Burke, Founder & CEO Outlier Ventures
FTX has recovered $7.3 billion in assets. FTX's new CEO John Ray is even considerin restarting the exchange. Wow. Another signal among many in recent weeks that the darkest moments of this bear market may lie behind us. Link
NYT published a high-profile story on the energy pollution of Bitcoin miners. Luckily, some people fact-check. Daniel Batten takes the story apart, claiming significantly overstated real percentages of fossil fuel emissions, and incomplete datasets. Link
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We’re in a weird limbo state right now.
While “tech crypto” continues to ship, Bitcoin’s original narrative as an antithesis of state-backed money is enjoying a revival and BTC and ETH returned to $30k and $2k respectively, the blade of regulators is hanging over crypto’s neck.
NFT.NYC (and its side events) are in full swing (so am I🤩)…
