The 💎🤲 (Diamond Hands) Mindset Community x Capital

Pt. 1: The collision of financial value, cultural value, community value.

Worlds are colliding. When culture becomes finance and when community is at the center of culture, the meaning of asset ownership changes.

Financial value, cultural value, and community value have now merged together.

Owning certain assets that have community value or sentimental value, like CryptoPunks or Bored Apes (BAYC) or sports cards, may drive a different type of behavior around asset ownership.

Will holders of a certain rare sports card sell because they can achieve financial returns? Possibly, but now sentimental value must be factored in.

Will holders of a CryptoPunk or Bored Ape (BAYC) sell because they can return meaningful capital? Possibly, but then they forego something that may be hard to put a monetary value on - entry into a community or an online identity (see the pfp phenomenon that we discussed on the “All that glitters gold” podcast).

In a world where 💎🤲 (diamond hands) may feature more going forward, we must think about how investors can utilize those assets in ways where they can hold onto those assets but still gain access to capital to live their lives.

Both traditional financial institutions and emerging companies may do well to think about liquidity and what it means to value new types of assets in the age of Community x Capital.

We pose the questions in Part 1. We’d love to hear your answers. And stay tuned for Part 2 of this discussion coming out soon.