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Andrew
@AndrewSteinwold
Nov 29, 2020 • 6 tweets • 3 min read • Read on X
🌈🛸📈 Fantasy Venture NFT Portfolio

andrewsteinwold.substack.com/p/-fantasy-ven…

I cover five companies, dive into their products, and explain why I think they are great.

These companies will join my fantasy venture capital portfolio, and I will reassess how they perform over the coming years
1) @opensea: The Amazon, and potentially the Facebook, of NFTs (but back when Facebook was cool)

- #1 NFT trading platform
- Amazing Y-combinator backed team
- They ship updates like crazy
- semi-decentralized infrastructure = accessible to anyone in the world
- Huge TAM
2) @superrare_co: Curated “who’s who” of the crypto art world

- Top platform for curated crypto art
- Team has true grit. Nonstop grind for years
- Perfectly positioned for the growth of new market cryptoart
- Users literally go online and say “This product changed my life!”
3) @AsyncArt: Ultra high-end programmable crypto art

- Completely changed the art game by enabling programmable art
- Superb at building lasting relationships with artists and collectors
- Async team is top-notch and mixture of designers and technical people
4) @nftfi: Worldwide loan platform

- Opens up NFTs for entirely new use-cases
- Users can earn from loaning out crypto or take loans out with NFTs
- Massive potential market size (NFTs = everything, so an "everything loan" platform)
- The founder is amazing
5) @larvalabs: Two geniuses in the laboratory

- Founders are geniuses
- They have an amazing track record of success (the first NFT project on Ethereum and two successful NFT projects overall)
- All their products are extremely well thought out and long-lasting

• • •

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More from @AndrewSteinwold

Andrew
Jan 5, 2023
Sports Giant Fanatics Sells Off Its Majority Stake in NFT Startup Candy Digital

Michael Rubin the CEO of sports merchandising giant Fanatics said:

“Over the past year, it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone business”
“Digital products will have more value and utility when connected to physical collectibles to create the best experience for collectors”

HUGE disagree

1.Investing $100m in Candy Digital @ a $1.5b valuation was insane
2.NFTs/digital goods can thrive in fully digital environments
The issue with Candy Digital and so many of these other co's that were thinking "We will take great traditional IP and bring it to NFTs!" is that these people are not native to the NFT space

They don't know their way around Twitter, Discord, and the other places we inhabit
Read 5 tweets
Andrew
Oct 6, 2022
I got invovled in bitcoin in 2013 Nov/Dec bubble

I was a tourist, not a 100% believer

In 2014, I sold all my BTC and "left" the space. Thought blockchain was the future while BTC was pure speculation

2016 I saw there had been a lot of building since 2014 and jumped back in
During the 2017 ICO bubble, I saw a tonnn of new people enter the space attracted to the speculation, just as I was in 2013

When the market crashed in 2018, all the tourists of the 2017 bull cycle left, while the true believers stayed
2018 was DEPRESSING! Every day the media would say its over and my friends and family would ask what the heck I was doing

It was scary hearing all the naysayers but I had faith that this tech was going to change the world and I needed to be a part of it
Read 14 tweets
Andrew
Dec 31, 2021
Ok real 2022 NFT prediction thread

1. P2E is going to explode - many of our portfolio co’s implementing P2E. Ton of amazing stuff coming out

2. P2E will become more competitive - turn into a yield game. Axie rules P2E ATM but more games are coming out that offer great yields
3. Gaming customer acquisition will skyrocket

4. Gaming guilds will have to begin to specialize in certain games/game genres

5. Gaming defensibility will have to beef up (everyone can compete on yield but the real moat is from the “fun” factor”)
6. NFT focused content creators and streamers will get wayyy bigger - not Mr Beast level yet but there will be inroads

7. NFT art market will evolve - collector's love context so expect art pieces that look almost like mini-startups/projects
Read 9 tweets
Andrew
Oct 3, 2021
1/5 How do I explain the potential of NFTs to non-crypto folks?

Simply:

Via NFTs we just added property rights to the internet

A place with 4.6 billion people AND these ppl are connected through a global, uncensorable, 24/7 financial system
2/5 What are some past examples of a country adding property rights to its economic system?

China

In 1978, China enacted reforms to open its economy from a communist-style system to a more open capitalistic-based system

A mere ~40 years later, the growth has been staggering
3/5
 China GDP
- 1978 - $149.54B
- 2020 - $14,722.73B

Increase of 9745%!!

GDP per capita
- 1978 - $132
- 2020 - $10,500

Increase of 7854%!!

This is a country with ~1.2 billion people and a financial system that is anything but frictionless
Read 5 tweets
Andrew
Sep 23, 2021
Here is my slide deck from the Legends4Legends conference in Amsterdam

NFTs = unique digital assets

They enable digital property rights

Unlike Bitcoin, NFTs are unique and NOT interchangeable

Uniqueness on the internet can enable a TON of different use-cases
The internet is currently communist. Users add value to a platform but get no value in return

NFTs change that and give users property rights in the digital world

The internet just went from communism to capitalism (HUGE!)
NFTs enable a psychological shift in user's mindsets from renters to owners

As owners, they will spend more time, money and effort into their digital lives

Users can now earn during their activities that are native to the internet (keywords - "native to the internet!")
Read 15 tweets
Andrew
Jul 23, 2021
NFT Theses + Thoughts

1. NFTs = digital property rights

2. NFTs enable a metaverse to form becuz ppl actually own their digital stuff

3. NFTs will be larger than crypto (crypto = $ of metaverse, NFTs = all stuff in metaverse)

4. NFT art will eat the traditional art market
5. NFTs = most efficient means to display status

6. Screen time + technology constantly becoming more immersive (Telegraph > Telephone > Video Conferencing > Virtual Reality)+ NFTs = the metaverse is inevitable

7. Most NFTs will be worth nothing
8. Virtual world platforms are the next generation social media (no objective, socialize, create, show status, etc)

9. There will be many NFT marketplaces each focused on specific NFT sectors

10. "Blockchain" games will just be called "video games" (every game will have NFTs)
Read 13 tweets

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