Seeking inefficiencies in the “market cap” curve and a quick update on serial number compression on Top Shot.

One of the very strange and often inapplicable carryovers from the world of equity investing to the world of, well, almost every other investible asset, is the idea of market capitalisation. Cryptocurrency suffers this odd affliction – largely at the hands of CoinMarketCap – so it’s perhaps no surprise that the world of NFTs is now […]