comment 1

A fundamental and profound innovation

I setup a new cryptocurrency wallet (offline hardware storage) this evening and then used it to buy brandondonnelly.eth using ENS (Ethereum Name Service). I don’t know what the hell I’m going to use it for, yet, but I own brandondonnelly.com. So I figured I should grab the decentralized blockchain version of my name as well. Perhaps at some point in the future I’ll be glad I did.

I plan to buy a bunch of other .eth domains in the near future as well. The costs are similar to registering a traditional domain.

Part of the reason why I’m doing all of this because I’ve decided that it’s time to do a deep dive and better understand the possibilities of the blockchain (a decentralized vs. centralized internet). I’ve been following for a number of years, but it has been pretty surface level. It’s time to get serious. And I must say that it felt pretty cool to use my new hardware wallet to buy something with ETH.

Overall, things started to really click for me when I saw the digital economy that was emerging with Ethereum (applications, NFTs, DeFi, etc.). Instead of just digital money, I could now see clear use cases and demand drivers for the cryptocurrency. Again, I used ETH to buy brandondonnelly.eth, which means I first had to be an owner of ETH.

If you’re looking to better understand the possibilities of a decentralized internet — specifically why non fungible tokens are bad ass — check out this blog post by Albert Wenger. He uses the example of the Mona Lisa sitting in the Louvre to explain why NFTs are not a fad and, instead, a “fundamental and profound innovation.”

1 Comment so far

  1. Pingback: The next wave of computing innovation – BRANDON DONNELLY

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s