Exploring Social Status and NFTs: The Theory Behind 'Status as a Service'

Packy McCormick is the writer of Not Boring, an investor at Not Boring Capital, and an advisor to the a16z Web3 Fund. Packy has a sharp intuition for general trends, and he puts in the work to understand and thoughtfully communicate his findings outward. Writing and creating content is a great way to learn and share knowledge—we would know.

In this episode, we explore five of Packy’s most salient articles orbiting around the crypto space. Unraveling the secret recipe for crypto (and life), managing the delicate balance between money and fun is the key to winning these games. Making money on the internet with friends is the new normal.

As a talented writer and a great thinker, Packy is a born-again crypto enthusiast as of 2021. He is able to synthesize this chaotic space with fresh eyes, bringing prior knowledge to guide his understanding.

------ ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/112-packy-debrief 

------ 📣 CONSENSYS | M·A·C: NFT Collection for a Good Cause https://bankless.cc/MAC 

------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/   🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  

------ BANKLESS SPONSOR TOOLS: 

⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum 

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA 

👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave 

⚡️ MAKER DAO | THE DAI STABLECOIN  https://bankless.cc/MakerDAO  

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

------ Topics Covered:

0:00 Intro 5:30 Packy McCormick’s Journey 9:55 Born-Again Crypto Enthusiast 12:48 Own The Internet 21:00 Solana Summer 29:32 Monolithic vs Modular 35:44 The SOL Value Prop 42:08 Winner Take All? 47:30 Real vs Fake Culture 55:00 Status Monkeys 1:02:10 NFTs as Status 1:06:23 The Pareto Funtier 1:14:05 A Sense of Meaning 1:19:43 The Web3 Debate 1:29:45 Predicting This Decade 1:35:02 Closing & Disclaimers

------ Resources:

Packy McCormick https://twitter.com/packyM?s=20&t=zppneMsLXcmxhoe3-5z7OA  Not Boring https://www.notboring.co/  Ethereum - Own the Internet https://www.notboring.co/p/own-the-internet?s=r  Solana Summer https://www.notboring.co/p/solana-summer?s=r  Status Monkeys (NFTs) https://www.notboring.co/p/status-monkeys  The Pareto Funtier https://www.notboring.co/p/the-pareto-funtier?s=r  The Web3 Debate https://www.notboring.co/p/the-web3-debate?s=r  Player Piano https://www.amazon.com/dp/0385333781?psc=1&smid=ATVPDKIKX0DER&ref_=chk_typ_imgToDp 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures