BlackRock + Bitcoin, BAYC Woes & Nike’s .Swoosh Lands in Fortnite l Overpriced JPEGs #175
The Carly P Reilly Show
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The PFP Signaling Value of an Ape
The PFP signaling value of an ape is not at all what it used to be. As you drive up the utility, you also hurt the signaling element. The number of like new people who are listing apes has been much higher than the number of new people listing their plan. And that's because by not making punk a utility token, by saying this is purely historical artifact, it's art,. It actually maintains its signaling value.
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