my approach to NFT collecting is fundamentally the same as my approach crypto:

if hype, observe & analyze. is something real there?

the best assets are those which people misunderstand because there is non-obvious, unique value

value which will one day be very broadly realized
...and for now, this is my driving thesis:
e.g., absolutely hilarious that you can still buy:

@eulerbeats prints for less than 5 ETH. many now close to 0.5 ETH

Autoglyphs less than 100 ETH. some still 50 ETH

Colorglyphs less than 10 ETH. many less than 1 ETH

Ringers under 15 ETH. some still at 4 ETH


$SOCKS under $500K. still at $70K

the market will violently re-rate at some point

watch for it

of course, i could be wrong on some, but that's why it's Alpha

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More from @iamDCinvestor

22 Feb
1/ guys, if you want me to always say "hey, any L1 could come in and replace #Ethereum b/c it has lower fees," OK

but these type of takes just ignore accrued network effect and how value networks agglomerate

establishing those things are actually harder than scaling Ethereum
2/ i don't expect you all to agree with me, but know i'm not trying to pump my bags or FUD others

any take i offer you is based on my ACTUAL opinion. you can agree or disagree

and yes, i still think buying L1 tokens for platforms which haven't proven much is a bad idea
3/ you should feel free to ignore me, or label me a Maxi, or whatever is convenient for you

i'm not anti-multichain

i'm just pro-reality

i realize some think it's not "fair" that fees are very high, but as a permissionless blockchain, #Ethereum doesn't evaluate "fairness"
Read 5 tweets
22 Feb
1/ i've now completed initial collections in #NFT projects i think will be remembered as truly "historic," including:

Uniswap $SOCKS

also Squiggly, HashMasks, and Colorglyphs

now is a good time to revisit some theses (thread) 👇
2/ first, i did a similar thread a week ago, but have since refined my views

it might be worthwhile to go back read that first:
3/ second, and i can't stress this enough:


buy to collect for the long-term. imo, some of these will become priceless pieces of history, and most of you will sell them way too early b/c you're overextended
Read 30 tweets
18 Feb
1/ i've been thinking about what would happen in a #NFT art & collectibles bear market 🖼🧸🐻

first, one point: a NFT is only (financially) worth what someone else will pay for it

period- end of discussion

if no one wants to buy your NFT in a year, it is worth ZERO
2/ let's also acknowledge that there is a TON of content being created right now

frankly, a lot of it is trite & derivative- but i respect the creative expression nonetheless in some cases

much of it is not that attractive, original, or has any kind of interesting provenance
3/ many such pieces will not retain ANY monetary value

some collections will be sold into the ground with supply hitting marketplaces that no one wants to buy in a bear

for work that may remain meaningful in the long-run, buyers will step in, but possibly at very steep discount
Read 11 tweets
16 Feb
so, #NFTs are in a "bubble"

but anything being priced properly for the first time based on a surge of new interest experiences bubbles

the question is how far will it go and how far would it crash

but IMO, many underestimate the degree to which "distribution" is occurring

collections which used to be much more concentrated in the hands of speculators are ending up in the hands of long-term collectors

many buy just a couple of pieces to be a part of history, and won't sell at any price really

meanwhile, the potential collector-base is growing

so far, it's literally been a few hundred to a few thousand nerds playing with this stuff

some are foundational collections in an emerging art form & ownership model

as usual, many will miss the big picture

i count on it, so i can accumulate quality for my collection

Read 5 tweets
14 Feb
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)👇
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.
3/ Second, let's discuss the only blockchain I'll buy high-value #NFTs on- that's #Ethereum.

Why? The linked thread covers it, but to summarize, I can't afford to put big sums of money into chains cutoff from DeFi and which might not exist in 5-10 years.

Read 23 tweets
21 Jan
@RaoulGMI I only need once sentence for each of these:

$AAVE will be the world's largest bank & asset lender.
$SNX will be the world's largest synthetic asset provider.
$UNI will be the world's largest exchange.
$YFI will be the world's largest asset allocation protocol.
@RaoulGMI OK, I'll give you some paragraphs too @RaoulGMI 👇

$AAVE is one of the leading asset deposit / lend protocols. #1 in TVL (Maker ahead, but that's a CDP protocol for DAI). Team busts their butt to add new integrations with other protocols and to build bridges into real world.
@RaoulGMI IMO, $AAVE is probably my top pick to be the most valuable protocol in DeFi for the near future.

It and other lending protocols will act like huge billows, bringing in real world liquidity (as USD) to fuel people going long on crypto in DeFi (as they can continually earn yield).
Read 9 tweets

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