From my limited art collecting experience, the stronger/deeper the story, the more cemented in peoples mind the art becomes.
9/ Anyway,
The launch happens, a ton of people get $B20, everyone knows about it.
Beeple announced Christies, how are people going to invest?
B20! Suddenly half of NFT twitter is invested/watching.
10/ B20 moons,
Total Market cap touches $200M+, currently hovering at ~$80-$100M.
Which means, Metapurse still hold ~$50M
So they have ~$50M liquid buy power to make this project even bigger.
Trade it for services, builds, community, events, etc.
11/ There's also a 'buy out' clause that allows anyone to bid on the entire bundle.
Here it is, quite ingenious because it gives more value to B20 even though you can use DAI.
All handled with smart contracts 🤯
12/ An experiment, but also a cool way to potentially 50-100x on a 7 figure purchase using the tools available in this space.
Suddenly virtual land, art, crypto, smart contracts, etc come together to bring value for all involved.
13/ The Christie's auction was inevitable.
There is no doubt the story will continue with major news sites covering the event.
And I'll be surprised if this doesn't influence B20 as it's a way for mainstream to be invested. (My opinion).
14/ Again, just sharing my thoughts. Not endorsed by metapurse or anyone.
DYOR before buying B20.
Fascinating to observe entrepreneur strategies to utiltize the current tools available to increase wealth.
This was a cool project to watch unfold.
15/ I think those that thought about issuing a token to easily invest in the NFT space were way ahead.
This rabbit hole is too deep and lazy investors need a way to get involved.
Cryptocurrency is the traditional way.
16/ Metapurse could have just hodl'd the single editions.
But they decided to do more and add more to the story.
Gives a use case for virtual land that is on blockchain.
And how a virtual crypto event can amplify a project.
17/ As usual, I made a video to dive deeper 👇
$B20, although an exciting and interesting way to 'invest' is still subject to the major speculative demographic that comes with the crypto environment.
So again, be careful and knowledgeable before investing.
It's about timing.
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