Discover and read the best of Twitter Threads about #autoglyphs
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_ @JPEGd_69 $JPEG
A MEGA Threadoooor ๐งต highlighting my thoughts and research on the upcoming JPEG'd protocol. The protocol that likely needs no introduction, lead by the whale himself @Tetranode ๐ณ
A MEGA Threadoooor ๐งต highlighting my thoughts and research on the upcoming JPEG'd protocol. The protocol that likely needs no introduction, lead by the whale himself @Tetranode ๐ณ
1/ What is JPEG'd?
With first mover advantage in the space, JPEGd is a decentralised lending platform enabling borrowers to use their NFT's as the collateral for their loan. Truly bridging the gap between NFTs and DeFi.
With first mover advantage in the space, JPEGd is a decentralised lending platform enabling borrowers to use their NFT's as the collateral for their loan. Truly bridging the gap between NFTs and DeFi.
2/ With liquidity being one of the most important aspects of every market and asset, it seems a natural progression for DeFi to tap in to the illiquid nature of NFTs, allowing investors to further leverage their assets whilst maintaining ownership for long term appreciation.
Outside of scarcity, what gives an #NFT value?
With insights from @beijingdou and @adamamcbride, we discovered that innovation, historical significance, utility and community were crucial factors influencing a collection or piece's value.
1/
With insights from @beijingdou and @adamamcbride, we discovered that innovation, historical significance, utility and community were crucial factors influencing a collection or piece's value.
1/
Beyond #crypto, innovators and trendsetters have always commanded a price premium.
Picasso's "Les Demoiselles d'Avignon" kicked off the Cubism movement and has an estimated value of $1.2 billion.
2/
Picasso's "Les Demoiselles d'Avignon" kicked off the Cubism movement and has an estimated value of $1.2 billion.
2/
#Blockchain innovators and creatives behind projects like #CryptoPunks, @artblocks_io, #Autoglyphs and @lootproject also demonstrate the premium innovation carries.
Combined, their total volume exceeds 3.4 million #ETH, or $10.4 billion.
3/
Combined, their total volume exceeds 3.4 million #ETH, or $10.4 billion.
3/
1/ My three favorite too-old-to-fail #NFT projects:
> RarePepes
> CryptoArte
> CurioCards
The 3 are the oldest in their respective categories
+
The 3 are still greatly undervalued compared to the 2nd oldest
#NFTCommunity #NFThistory #NFTcollector
continues...
> RarePepes
> CryptoArte
> CurioCards
The 3 are the oldest in their respective categories
+
The 3 are still greatly undervalued compared to the 2nd oldest
#NFTCommunity #NFThistory #NFTcollector
continues...
2/ #RarePepes
The oldest popular NFT project in history
It's older than the 2nd oldest popular project (CryptoPunks) but much cheaper.
Eg:
most expensive CryptoPunk ever sold >> $ 11.7 Million
most expensive rare pepe (a 1/1 piece) >> $300k.
That's 40x room to grow!
...
The oldest popular NFT project in history
It's older than the 2nd oldest popular project (CryptoPunks) but much cheaper.
Eg:
most expensive CryptoPunk ever sold >> $ 11.7 Million
most expensive rare pepe (a 1/1 piece) >> $300k.
That's 40x room to grow!
...
3/ #CurioCards
The oldest collectible on Ethereum
It's older than the 2nd oldest Ethereum collectible project (CryptoPunks) and yet much cheaper.
Eg:
global CryptoPunks sales to date: 328k ฮ
global CurioCards sales to date: 9k ฮ
Again, that's 40x room to grow!
...
The oldest collectible on Ethereum
It's older than the 2nd oldest Ethereum collectible project (CryptoPunks) and yet much cheaper.
Eg:
global CryptoPunks sales to date: 328k ฮ
global CurioCards sales to date: 9k ฮ
Again, that's 40x room to grow!
...
If you were to write your #NFTcv what would be included? I've got mine down to 8 projects.
I started #NFTs In 2017 with @CryptoKitties, trading my way up from 1.5 ETH, I grabbed some @larvalabs #Cryptopunks and #Autoglyphs and then started making a living flipping @CSCgame packs
I started #NFTs In 2017 with @CryptoKitties, trading my way up from 1.5 ETH, I grabbed some @larvalabs #Cryptopunks and #Autoglyphs and then started making a living flipping @CSCgame packs
I then heard about @F1DeltaTime & @Topps GPK on @WAX_io. Trading my way in those markets.
I then went nearly all in on @nbatopshot from Alpha day 1 onwards, we all know how that went..
Recent highlights include @BoredApeYC, which has been my most successful buy-in since @NBA
I then went nearly all in on @nbatopshot from Alpha day 1 onwards, we all know how that went..
Recent highlights include @BoredApeYC, which has been my most successful buy-in since @NBA
There are a lot more projects in my 3-4 year journey, but these are some of the highlights. I continued trading in and out of these projects over the years. #NFTcv
I also skipped a lot of craziness with @rariblecom and other platforms too
I also skipped a lot of craziness with @rariblecom and other platforms too
1/ I'm getting TONS of messages me asking me "Hey DC, what #NFTs should I buy?
The proper answer is ONLY ones that you enjoy and are willing to hold for years or possibly for forever.
But I will tell you some of the ones I have bought recently and why (MEGA-thread below)๐
The proper answer is ONLY ones that you enjoy and are willing to hold for years or possibly for forever.
But I will tell you some of the ones I have bought recently and why (MEGA-thread below)๐
2/ First, let's start with some caution: don't buy NFTs *expecting* financial return. You may be very disappointed.
Tastes can shift very quickly and decisively, and given market illiquidity, we could see price collapse under panic conditions.
I buy to collect & hold for years.
Tastes can shift very quickly and decisively, and given market illiquidity, we could see price collapse under panic conditions.
I buy to collect & hold for years.
