Blackbeard

Anyone who had their offers rescinded recently, please reach out! Many amazing companies in our portfolio are hiring :)

Great read on the state of tech today. tinyurl.com/Sequoia-Adapti…

The appeal of holding an NFT is that you essentially own a piece of the project’s equity. This is marketed as the web3 equivalent of a stock. My question is this: What happens when NFT projects inevitably pursue traditional funding? 🧵

@murk_nft 70% minimum

@Blackbeardweb3 dont even bother looking at comparables or nft industry average %s ☠️

Finance bros - what discount rate we using for valuing NFT projects? Over under 50%?

2022 will be defined by infrastructure players diversifying their product offerings downstream. Wouldn’t be surprised if exchanges started offering more robust wallets, marketplaces, staking, etc. to capture a larger share of value from the web3 consumer’s journey.

Shoutout @goblintownwtf

If you’re building an NFT project with no technical innovation, storytelling, or legitimate utility (not talking merch / events), just build a meme collection. Way better chance of going the distance than the 99th 3D art project with zero vision set to launch this week.

It’s fascinating how many of the top NFT collections are built on memes. BAYC was built on the trend of aping into meme stocks during COVID-19. mfers is built on the “are you winning son” meme. Won’t be surprised if floor reaches and maintains 5 ETH.

So, this begs the question: is an NFT a share in a project, or just a profile pic with a few cool uses cases left to rot after the founders have had their fun? If there’s no fiduciary duty, it isn’t investing. This space deserves better.

Let’s compare to a public company. The “everything promised” is essentially 12 months of mgmt projections. If mgmt up and left after delivering a year of performance with the entirety of their retained earnings, there would be legal proceedings.

If you still don’t think anonymous founders are problematic after seeing the creator of one of the biggest NFT projects get exposed for being a serial rug puller, I don’t know what to tell you.

Do you feel there’s a platform that allows you to safely swap NFTs and conduct private transactions? Comment your thoughts…

Very neat analysis by an ex-banker on Yuga’s purchase of Punks & Meebits.

Congrats to @HumanShield_eth on the win!

Shikigai Identity Pass (WL) Giveaway x1 🌸 1️⃣Follow @Blackbeardweb3 & @shikigai_nft 2️⃣ Like & Retweet 3️⃣ Tag 3 friends who need to find their Ikigai Here's a sneak peek of a Jiro pfp, with music from @Pinnacle__ 📀 24 Hours... Go. 🌸 twitter.com/shikigai_nft/s…

@shikigai_nft SHEESH. @mintcollectible

@Pinnacle__ So glad to hear it.

@Blackbeardweb3 absolutely incredible. everything I expected.

Thank you God.

I just published "We plowed through 9 million data points and 700+ NFT projects — here’s what we found" link.medium.com/5w5ZKbOfvob #NFT #NFTCommunity #NFTCollection

@shikigai_nft @Pinnacle__ delivering with the smoothest sound.