Last day of NFT NYC! Still going strong, and the writing routine is ingrained in me to the point where I’m making sure I write something before I venture outside for the day.
Today’s Precap theme is around…
Status
Ah yes, the ultimate vanity metric. Throughout human history there have been symbols of status signaling ‘I am rich/cool/important’.
Gold, big houses, the Amex Black card, flashy cars, these have been status symbols for some time and are still relevant today. But in an increasingly digital world, we have seen the rise of some other symbols that yield similar results:
Having a large following on Instagram/Twitter/Youtube/Tiktok
Being verified ✅ on the above platforms
And of course, NFTs!
Having been to almost a dozen NFT NYC events (not the conference) at this point, I’ve noticed a trend at the holders only events:
They like to show status based on how they dress
They tend to dress in more ‘streetwear’
It’s more colorful and loud
I’m stereotyping, but I imagine the conference attendees to look more like this:
While the attendees of the holder events (especially the ones with concerts later at night) tend to look more like this:
Note: These observations have several biases (this is based on the attendees that made it out to NFT NYC, my personal experience, I haven’t attended all the events, etc.)
Note the louder brands, baggier fits, hype shoes, etc. Maybe it’s something I notice more because I’m a little bit into this scene as well.
But why am I calling this out in the first place? Similar to the direction that fashion is headed with more infusion of ‘street’, we’re starting to see NFTs incorporated into this.
Instead of going to your phone to show you own a valuable NFT, why not just do this?
And if you’re a REAL fan, why not “wear” your fandom every day?
I believe we’ll continue seeing more and more ways to show digital status in the physical world. More and more of this:
With the new generations that are becoming the future leaders of culture, business, and what’s cool, we will start seeing a renaissance of what status looks like. Keep your eyes peeled 👀
See you tomorrow!