thomscribner

For the historical record, the 6529 Network Museum begins with this humble 8.12 ETH contribution. Will be interesting to see where it goes.

1/ On the 6529 Network Museum The Memes are a form of decentralized funding protocol - of art, of science, of other things that we want to fund. The selection is fully decentralized and the execution, mostly but not fully decentralized. (For now, someone has to press a Trezor button ultimately for the mint to start, though this will change eventually.) 2/ Is this interesting? Is this just specific to The Memes or is the first example of a broader concept? Well, obviously it is the latter. Today, I would like to propose a second demonstration of something that can be fully decentralized, in this case, a museum 3/ The 6529 Network Museum is a museum that is collectively curated and "owned" by the 6529 network, aka the people who have accrued TDH, aka at a first approximation the meme card holders 4/ By "owned", I mean owned the way the Louvre is owned by the French people, not owned the way I own punk6529. In other words, I mean "held in perpetuity by the network" +/-, on behalf of the network, but not for any particular member of the network (myself included) 5/ The network museum will not as a general rule sell pieces, it will not distribute eth to network members or anything of the sort. It will be a smart contract ultimately that is controlled by the network forever. 6/ For now it is 3 of 5 multi-sig SAFE with 5 of us charged with transitioning in it to the TDH controlled smart contract - @6529er @itsjpower @gratusmasculus and @HugoFaz 7/ Now the interesting question - how do you run a decentralized museum - we have a theory on how to start. @6529er and I submitted a Meme Card today with a proposed theme for the first collection of the Museum. Any money he and I receive if the Meme Card is selected will be used to fund a network selection and acquisition of pieces from artists within the proposed theme. 8/ Whether or not our proposed collection is good will be determined by the network by TDH. If our proposed Meme Card and, by extension, collection is selected, the pieces to be collected will also be selected by the network by TDH. Once they are selected, they will be purchased as newly minted CC0 1/1s for the museum and the meme card will show a compilation of them. 9/ I think (and I apologize in advance for this) that this is pretty smart. It took me me quite a bit of time to figure out how to do this, but I like the outcome. a/ Anyone can submit a Meme Card to do this (and I hope people do) b/ the network decides if they like the collection c/ the network decides what 1 of 1s to buy d/ the artists get a 1 of 1 in an extremely permanent collection and distribution to a larger group via the Meme Card compilation e/ the Meme Card minters get a meme card and an edition of interesting work. 10/ Also, the fact that we are only buying, not selling and not fractionalizing, simplifies many otherwise complex issues. I know this is going to confuse people, but it all depends on how you look at it. The purpose of the network is to perform the functions of the state, not of a private individual or company. 11/ Nobody would expect the Smithsonian to be flipping its pieces on eBay or to give a dividend to every American and so the same logic applies here. 12/ There is more detail here: 6529.io/waves/b6128077-ea78-… 13/ In any case, we will see how it goes - let's see what the network thinks about all this and if it votes for the card - if so, I think we will learn some interesting things

NFTs aren’t a trade. They’re a property system. Before NFTs, digital culture had infinite distribution but zero ownership. Everything spread, nothing could be truly owned. Value went to platforms. NFTs changed that. Now culture can spread infinitely and be owned finitely. That’s a big deal. Especially for art, where value has always come from provenance, story, and cultural relevance. NFTs don’t change those, they upgrade them: - perfect, global provenance - infinite distribution without breaking ownership - borderless, liquid markets People keep waiting for NFTs to “come back.” But what’s actually happening is quieter: a parallel system for owning digital culture is compounding in the background. And most people will miss it. Because this isn’t about speed or hype like the first NFT cycle. It’s about owning pieces of the internet that matter. The real question isn’t if NFTs return. It’s how much of culture moves onchain and who owns it when it does.

Meme Card Log #458: we finally got @batsoupyum right where we want him, like Sisyphus, trapped in his own soup can, irrevocably on the blockchain, until the end of time

will add $100K to this, with a twist. we will be starting the world's first networked art collection this month*, so our collecting will be for the network collection, not for the 6529 Museum. * I just front-run my own announcement but it is for a good cause - details soon