GM

We're off tomorrow for NFT NYC shenanigans (see you there?) but back on Thursday.

Links for the Top 25 drops are HERE.

Uncommon Goods on Bitcoin (what you need to know)

O Dearly Beloved, it’s time to save the date. 

The Interdimensional Casino, as Casey Rodarmor calls it, is opening on April 19.

Specifically, this is when Casey plans to launch Runes, his new protocol for memecoins on Bitcoin (covered here). 

And we now have details on Rune #0, called Uncommon Goods.

A strange name, perhaps, but better than his other options which included TRIPPLE•NIPPLE and PISS•FETISHIST•DOUBLOONS, among other delights. 

Here’s how Uncommon Goods works: 

1. It’s free, outside of Bitcoin fees, and open to all with no presale

2. The first mint starts at the bitcoin halving on block 840,000

3. It’ll run continuously for 4 years until the next halving

4. Only 1 mint per tx, with ~7,700 max mints per block

5. Some wallets, like Xverse, appear ready for day 1 minting

In other words, Uncommon Goods will likely see thousands of new mints, every 10 minutes, every day, for four years. 

So as you can imagine, this means the theoretical max supply is enormous. More than a billion, according to people who did the math (for comparison, the popular memecoin $WIF has a supply of ~1 billion as well). 

However, that assumes that every block over the next few years is dedicated to minting Uncommon Goods, so the true supply will be much lower IRL. 

Does it make sense to buy early? I guess it would if you think Bitcoin fees might skyrocket in the coming years, which would make the mints more expensive over time. 

Also, there’s a way to track individual Runes as numbered inscriptions. So Uncommon Goods minted in the first few blocks could eventually be turned into a 10k collection (never fade crypto’s ability to weave narratives out of thin air). 

TBH I can’t speak to the value of any of this.

But in terms of Fairness, Provenance, and Legitimacy, it’s tough to beat the Uncommon Goods story for the simple reason that it’s coming straight from Casey Rodarmor, who’s becoming somewhat of a legendary figure transforming Bitcoin into an entertainment and culture hub. 

Casey also comes from that rare breed seemingly immune to the allure of fast money. AFAIK, this is the first time he’s personally releasing a collection to the public, and I can’t even imagine how much money he’s leaving on the table by doing a free and open mint. 

Easily tens of millions, if not more.

Few could resist that temptation, and that’s something I don’t take for granted given the rampant greed we see daily. 

NOTE: These drops are lightly curated. Our only requirement is that they have recognizable founders. As usual, DYOR. To learn more go here.

GENESIS

Amidst the huge user growth of Coinbase’s Base L2, a big art push comes online for the chain with Foundation’s GENESIS exhibition.

This signals the start of Foundation’s L2 journey with a set of curated 1/1 auctions from some of the biggest artists in the space.

You’ll find some of the market’s favorites working different themes and genres in the lineup, including Jack Butcher, Zach Lieberman and Roope Rainisto.

✨ Added to Top 25 ✨

SPECTRA

If the previous drop’s pieces didn’t suit your fancy, don’t worry, plenty more where that came from thanks to NFT NYC’s plethora of art shows, like Spectra.

Curated by CoCollectors, Spectra aims to showcase a spectrum of styles (get it?) with twenty creators you might recognize from other platforms, like Samantha Cavet and Roope Rainisto.

Overthinking Machines by Zuka Kipiani

Reveling in the wonkiness of modern AI models while it still exists, Georgian artist Zuka Kipiani offers a peek behind the AI art curtain in this Daily.xyz curated exhibition.

Overthinking Machines’s eleven animated pieces highlight AI’s quirky imperfections with loops of unpredictable scenes and random objects.

My personal favorites are the AI-generated Naruto Hand Signs seen above (my interpretation).