NFT markets are crazy but
@sgsand1
has his finger on the pulse like no one else
If you want a masterclass on everything NFT investing, check out this incredible episode with Spencer who runs
@spencer
ventures
YT -
Podcast -
GPT-4 is rumored to be coming soon, sometime between Dec - Feb
- GPT-3 has 175 billion parameters
- GPT-4 supposedly has 100 trillion parameters
It is something like 500x more powerful than GPT-3
What kinda stuff will you be able to create with GPT-4!?
Most popular NFT marketplace (OpenSea) has ~200k users
Most popular NFT game (Axie) has ~1m users
DeFi, which is currently much larger than NFTs, has ~10m users
Minecraft, a single game, has ~600m users
WE ARE SO EARLY
Jeff Bezos on starting Amazon:
“I came across the fact that Web usage was growing at 2,300% per year. I’d never seen or heard of anything that grew that fast, the idea of an online bookstore w/ millions of titles, was very exciting to me
NFT trade volume grew 21,000% in 2021
FTX down
Luna down
Celsius down
BlockFi down
Voyager down
Three Arrows down
Alameda Research down
How the heck are:
- Apes @ ~$85k
- Clones @ ~$9k
- Punks @ ~$80k
- Squiggles @ ~$18k
And games like Sorare continuing to have +$1m daily volume
NFT peeps dgaf
Pixelmon:
- Sold ~8,100 NFTs
- At a price of ~3 ETH
- Raised ~$70m
- Team is anon
- We have no idea if they have built a game in the past or what they are capable of building
- They have a website
- a lot of followers on Twitter
- And an active Discord channel
Crypto = money of the metaverse
NFTs = all the “stuff” in the metaverse
DAOs = companies in the metaverse
Social tokens = compensating users for their engagement
What are some possible new categories that haven’t yet been created?
Will there be any or is that it?
It's so obvious that NFTs will overtake crypto
99.99% of ppl do not care about:
- Staking
- Txs per second
- Non-sovereign money
etc
But everyone loves
- Visually seeing what we own (vs seeing numbers)
- Being a part of a community
- Showing off
- Collecting
- Games
- Art
etc
I see a ton of people shitting on OpenSea
I'm an investor so biased but regardless the hate is absurd
These are the guys that were busy building & grinding since 2017 back when 99% of people in CRYPTO laughed at NFTs
and because they won't launch a token everyone's mad??
NFTs literally cannot lose
They take human behavior & crank it up to level 1000000
NFTs allow you to:
- Socialize
- Speculate
- Display status
- Feel belonging
- Emotionally connect
AND they are:
- Always on (24/7 markets)
- Connected to the ultimate social network (internet)
Why is Cardano the 3rd largest cryptocurrency??
Is there stuff built on Cardano that people are using?
(Honest question, I know next to nothing about Cardano)
TOTAL users
- Axie: 2.9m
- OpenSea: 1.8m
- NBA Top Shot: 1.1m
- Sandbox: 500k
- SuperRare: ~5k
Combined = 6.3 MILLION
Minecraft = 141 million users
STILL EARLY
So happy to announce that we raised $100m to back incredible mission-driven founders building in the NFT space
Since our launch in 2019, we have been solely focused on the NFT ecosystem with our guiding thesis that NFTs enable a true metaverse to form
There is no Facebook, Microsoft, etc "metaverse"
The metaverse is created by no single company and MUST use decentralized technologies
We cannot create a virtual environment where we rely on "dOnT bE eViL"
We HAVE to use blockchain tech so the motto changes to "Cant be evil"
Rivian just went public and has a market cap of $112B
The founder is now worth $2.2B
How much money have they made?
$0
This is the state of our global economy
People think crypto & NFTs are a scam? Crypto/NFTs make way more sense than everything else at this stage
Fucking absurd
I understand what he did was 100% wrong but we have politicians insider trading every day and the regulators are chasing after a guy who made something like $40k from NFTs
The number of people who play video games is massive - multi-billions
The number of people that want to earn money is everyone
Play-to-Earn has opened gaming up to a new customer type, those that want $$$ (which is everyone)
I have never seen anyone grow an audience faster than
@brycent_
He will go down as the first major streamer, native to our space, that made it big diving into all things NFT
Couldn't ask for a better NFT representative if you ask me
I think we could see ETH <$100 within the next 12 months
1. Heading into a recession worse than 2008
2. SEC has declared war on crypto
3. Russia-Ukraine war escalation
While scary, I view it as a generational buying opportunity
Happy to announce something I have been working on for the past year.
@Sfermion_
is an investment firm that seeks to accelerate the emergence of the metaverse.
What does that mean? I explain more in this post ⬇️
Staking $1m of ETH will passively generate $40k / year
Staking $1m of SOL will passively generate $62k / year
A "retirement" account of $2m will earn you +$100k / year
Why would you ever invest in real estate, stocks, or bonds??
The crypto economy is going to eat every market
The success of Axie Infinity means over the next year there will be an explosion of new blockchain games that utilize play to earn mechanics
A huge win for the NFT industry and crypto in general
I get pinged almost daily about athletes+celebrities that want to enter the NFT/metaverse ecosystem but need help navigating where to go, what to do & who to connect w/
Who is creating the CAA (Creative Artists Agency) for the metaverse?
I feel like that is a huge opportunity
AAA game studios hate NFTs because -
Imagine your business model is "how much can we extract from users?"
And now there is this upstart business model which is "How much can we grow this economy for all participants?"
Soooo different from what you know and are used to
Ok I have to admit I did NOT think Visa or any major company was going to be buying Cryptopunks so soon. Maybe in like 2025 but now??!
This is freaking wild
- Metamask has ~ 21m monthly active users
- Axie ~2.5m active users
- Top Shot ~1.5m active users
- Opensea ~600k active users
Minecraft 141 MILLION monthly active users
We aren’t even parity with Minecraft yet. We are so early it’s absurd
Metaverse jobs:
- Metaverse architect
- Resource collector
- Community moderator
- Level booster
- Digital clothing designer
- Defi farmer
- Event coordinator
- DAO-member
- Game designer
- Curator
and so many more
Accessible to all 4.6 billion internet users
I am 10,000% positive crypto art is the future because of how many traditional art people hate it.
Anything the "establishment" hates is always the future
YGG is an insanely exciting project
They can enter any game/platform, bring their large community, & utilize Play-to-Earn to earn real value
Today, YGG is deep into Axie - Axie is a single awesome game. What happens in the future when YGG is deep into 10 Axie level games?📈
Daniel Alegre, the former president of Activision Blizzard (a ~$60 BILLION dollar company) is joining Yuga as their new CEO
That is WILD. Someone of that caliber jumping into the NFT space to head one of the leading companies?!
Huge news & positive signal for our whole industry
Since covid ive realized:
Everything is corrupt & most ppl don't notice
ie,
- Fed printing money & giving it away
- SEC attacking crypto vs solving systematic TradFi issues
- Gov closing mom&pops during covid but big box retailers stay open
Would rather live in ignorance
Why is everyone so nice in the crypto / NFT space?
Compared to the regular internet we are actually a really cordial bunch
Is it because people are building towards this metaverse future?
Or is it because we all have skin-in-the-game?
What do you think?
- Axie Infinity is getting ~100k Daily Active Users
- OpenSea has had a TOTAL of ~120k users
- Rarible has had a TOTAL of ~160k users
- Top Shot has a TOTAL of ~300k users
There are 2.8 BILLION gamers worldwide
We are so early it's absurd
I have been speaking to my friends about the expected price of $RON
After much research I have come to the conclusion that 1 $RON will likely be equivalent to one of the following values:
1 $RON = $1
1 $RON = $10
1 $RON = $100
1 $RON = 1 ETH
1 $RON = 1 BTC
1 $RON = EARTH
Want to hear from a real NFT OG who tells it to you straight? Check out my conversation with
@NateAlexNFT
Nate has done it all - collector, investor, creator, builder and founder, he is filled with great insights and alpha leaks 😛
Listen here -
When games like Roblox and Fortnite eventually move economies on-chain, we will be looking at +$10 billion per year in economic activity
The GDP of these video games will surpass many countries
Immense amounts of value will be unlocked in the coming years
Average screen time PER DAY by country:
~5 hours: China
~6 hours: Australia
~6 hours: UK
7 hours: USA
~7 hours: India
7.5 hours: Russia
8 hours: Saudi Arabia
9.5 hours: Argentina
10 hours: Colombia
10 hours: Brazil
~10 hours: Philippines
10.5 hours: South Africa
Do you think NFTs are crazy now?
Wait until VR headsets become popular
Being able to interact and use your NFTs in an immersive environment will increase engagement and sales by 100x
Crypto-native gaming is going to be huge
YGG makes sense as an index-like play on the sector
In theory, YGG will have some % market share for each popular crypto-native game
Today Axie is the largest & valued at multi-billions. Soon there will be +10 Axie sized games. YGG📈
Nike’s acquisition of RTFKT is going to go down in the history books as the gigabrain play of the decade
Acquire a web3-native team who have built one of the the top brands in the metaverse
NFTs = property rights
We just added property rights to the internet, a place w/ 4.6 billion ppl
What happens when you add property rights to an economy that didnt have any?
in 1978 China (1.2b ppl) added property rights to its economy, 40 years later = worlds largest economy
Worldwide NFT search volume fell off a cliff
Reminds me A LOT of the crypto 2017 bull market and subsequent 2018 bear market
How long will the disinterest last until it starts to pick back up? Or will it? 👀
Visa buying a Cryptopunk is the equivalent to Tesla buying BTC
A huge statement that signals to the entire world - this little corner of the internet is here to stay and going to get A LOT more important
NFTs are so powerful because they have the "human" factor. We can:
- Earn
- Create
- Collect
- Socialize
- Signal status
- Be a part of a community
All through NFTs
You cant get all that with regular "crypto"
Want to learn about how a former competitive esports gamer stumbled into the CryptoKitties discord and ended up creating a billion-dollar unicorn + the most successful game in crypto??
Got you fam
My convo with
@Psycheout86
🔥🔥🔥
OpenSea monthly trade volume:
- Sep 2019 - $700k
- Sep 2020 - $2.7m (285% growth from prev year)
- Sep 2021 - $1.7b (~62,800% from prev year. Oh ya and this number is as of Sep 16th so we have two more weeks to go)
Can you believe the next Christies/Sothebys is going to be owned and governed by its users?
@SuperRare
, one of the most successful art platforms in our industry, is in the process of letting go of power and handing the reins to its users
DO U GUYS UNDERSTAND HOW CRAZY THAT IS??
Major NFT moments:
- 2017 CryptoPunks
- 2017 CryptoKitties
- 2020-2021 Crypto Art
- 2021 Nifty Gateway
- 2021 NBA Top Shot
- 2021 Axie Infinity
What else am I missing in terms of defining moments in NFT history?
What have you built that contributed to the growth of the ecosystem in a way similar to OpenSea?
Everyone is focused on their own $$$ instead of building impactful shit w/ missionaries
We should be cheering for their success because it's also ours. Rising tide lifts all boats
.
@opensea
is the 424th ranked website in the world by traffic and engagement
Do you know how crazy that is??
Most people had not even heard about NFTs until like ~6 months ago
"Well I can make money on it so whatever"
The fact that most people dont care that the Azuki founder is a rug puller and on his 4th NFT project shows you what the space is about right now
There are amazing teams out there grinding that dont get attention - yet we reward ruggers
There are now more NFTs just on Opensea, then there were websites in 2010
The number of NFT users is growing at rates in the hundreds of percent per year
NFTs are about to make the past 40 years of tech growth look stagnant by comparison
NFTs are eating the collectibles, art, and gaming markets. All massive multiple billion-dollar markets, but this is just the start
NFTs go from billion to trillion-dollar asset class when they start to eat:
- Real estate
- All forms of IP
- Physical goods
- Capital markets
Why NFTs will eat the world:
1. Accessible via internet (currently 4.6 billion internet users)
2. Built on a global, uncensorable, 24/7 financial system (crypto)
3. Every single digital good can now be turned into a tradeable asset via NFTs (User-generated assets!)
Can someone please make the "Google" of NFTs?
There are so many incredible people, groups and companies creating NFTs but I want to know basic info like:
1. How many NFTs have they issued?
2. Where were they issued?
3. Number of holders
4. Avg ROI
and other relevant info
Do you want to learn how a genius creates Axie rap videos? Or why someone would get an Axie tattoo? Or even about Pokemon with big butts??
Well, look no further because I got you covered with this magnificent conversation with
@cloudwhiteNFT
Check it -
Some say NFTs NEED some functionality for them to have value (access, gameplay, etc)
But the luxury goods market is ~$300b / year and there is no functional difference between a white T-shirt from Walmart vs my white T-shirt from Gucci, yet ppl still buy Gucci one at 5x markup
The amount of DMs I get daily asking for
@AxieInfinity
scholarships...
(This is where you lend your Axies out to a player and they battle to earn Smooth Love Potions and sell those for ETH)
...Is freaking crazy!!
The Axie team has really built something incredible
The metaverse is the most important geopolitical frontier of our lifetimes
The US, EU, China, Russia, India, etc will all try to take control of it
We have to make sure the metaverse is:
- OPEN
- FAIR
- users have RIGHTS+OWNERSHIP
Dont let governments control the metaverse!
Japan is the master of creating valuable IP
Of the top 25 highest-grossing media franchises, ten of them are Japanese
1. Pokémon – $92b (Japanese)
2. Hello Kitty – $80b (Japanese)
3. Winnie the Pooh – $75b
4. Mickey Mouse & Friends – $70b
5. Star Wars – $65b
6. Anpanman – $60b…
Imagine this chart is all blockchain games (It will be in the future)
Now think about
@YieldGuild
and how they will participate in every great blockchain game
YGG is in some sense, an actively traded index of the entire blockchain gaming ecosystem
I am a fan of all NFT art but art that is uniquely enabled by code or the blockchain (AI, generative, etc) is going to go down in history as a major art movement
Via web3, every internet user is upgrading from a renter into an owner
That is a huge psychological shift that is hard for most people to understand - until they own their first NFT
That is when everything clicks
1) How will NFTs impact gaming?
There are 2.7 BILLION gamers worldwide
This year they will spend ~$160 BILLION dollars
If gaming were a country its GDP would rank 55th, comparable to the wealthy country of Qatar
Those are some huge numbers
Do you guys realize we are in the pre-Napster era of NFTs?
Just imagine what it will look like when we actually get to the Napster era
Then the iTunes era
By the time we get to the Spotify era, the majority of the worlds GDP will be digital and we will be fully plugged in
The biggest risk when investing in NFTs is the underlying blockchain
- ETH, FLOW, BSC, WAX, DOT, etc...
By investing in NFTs on specific chains you are making a bet on that chain being dominant going forward
If you think it might not be around in 5 years then avoid at all costs
I've said this before but Nike's acquisition of RTFKT will go down in history as one of the greatest acquisitions of all time
Like Google buying YouTube for $1.65 Billion (YouTube is worth an estimated ~$180 Billion today)
My thesis - NFTs enable a true metaverse to form because they allow users to have property rights in the digital world
(metaverse = virtual environment that people live, work & play in)