DEX

Money 2.0 Stuff: Speculation + Scarcity = ??

Quick Take

  • Frivolity aside, the rise of Unisocks provides insight into the future of scarce good pricing and distribution 
  • The addition of three well-capitalized members into MolochDAO has important implications for the decisiveness of remaining participants 

Unisocks

In retrospect, it was just a matter of time before I started speculating on the sock market. Do you mean the ‘stock market,’ the red squiggly thread underlining the word ‘sock’ suggests? Of course not! It’s the sock market, stupid.

Here’s how it works:

Last week the team behind decentralized exchange, Uniswap, minted 500 SOCKS tokens, each representing a claim to a pair of limited edition, haute couture, Uniswap-branded socks.