This chapter delves into artist Tom Sachs' NFT project called Rocket Factory, where 3,000 unique rockets are assembled using randomized NFT components representing different brands. The discussion also touches on the concept of scarcity and value in art, touching on similar projects by other artists and the intersection of physical and digital art. Additionally, the chapter explores the potential profitability and value of investing in NFTs, especially in the context of Ethereum and the resurgence of NFT values after a previous drop.
Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology, and memes.
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Timestamps:
- 0:00:00 – Intro + Challenges of Philanthropy
- 0:06:41 – Preview + Meme of The Week
- 0:15:45 – Tom Sachs’ Rocket Factory NFT
- 0:21:13 – How It Works
- 0:25:00 – Bored Ape vs Janky Heist vs Rocket Factory
- 0:26:29 – Secondary Market Analysis
- 0:32:03 – The Genius of Virgil Abloh
- 0:41:06 – Kanye West + Running Virgil’s Brand Through WhatsApp
- 0:48:12 – Luxury, Scarcity + Why You Should Care
- 0:54:24 – Matthew Principle + Virgil’s 3% Design Rule
- 1:03:24 – Creativity Resurgence
- 1:05:33 – Summary of Design Language
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