Money 2.0 Stuff: Speculation + Scarcity = ??

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.

[related id=1] 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. These tokens were then deposited into a Uniswap market alongside 35 ETH, valued somewhere on the order of $7,000. At this ratio, this sets a price floor of $14 per pair.