![]() ![]() More recently he worked on an effort to revive Vine as an app called Byte it sold earlier this year.Įven as NFTs slipped out of the headlines, they’ve continued to grow Later he created Peach, a pop-up social network that remained beloved by its users far after its brief moment in the spotlight faded. Hofmann is best known as the co-creator of Vine, which helped to establish the short-form video format on mobile devices and became an incredible engine of meme culture along the way. (Coindesk has a great explanation of how this works.) Buyers snapped up the token, and now that single NFT is valued at $225 million.Įven as NFTs slipped out of the headlines in the mainstream press, then, the number of people creating, acquiring and trading them continued to grow. On Thursday, the owners of an NFT associated with the original doge meme, which had been purchased for $4 million in June, sold partial ownership in the piece via tokens. What has happened since then has been enough to make some of those numbers look minuscule by comparison. When I wrote in March about non-fungible tokens, or NFTs, I tried to dazzle you by rattling off some of the more impressive sales numbers from the time: $600,000 for the Nyan Cat meme, $5.8 million for artwork by Grimes, $230 million in lifetime sales for NBA Top Shot. And while some of the ideas here are way out there - to the point that I’m imagining many of you slamming your laptops closed to avoid hearing any more - the far frontier they represent appears to be inching closer to the mainstream every day. This is a rare tech story where basically every fact of it has surprised me on some level. Today, let’s talk about the latest project from a co-founder of Vine and what it tells us about how the tech industry is evolving. ![]()
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January 2023
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