Thread by @DCLBlogger

The Genius behind $B20.

How a ~$3.5M investment turned into a potential 9 figure power play.

Using #crypto, #blockchain and decentralized instruments to make this huge.

1/ Thread, 👇

2/ This isn't a call to buy $B20, just an observation of the story and event behind the project.

And how a 50-100x strategy can look like on a 7 figure investment.

I find it fascinating.

3/ Quick recap,

- @beeple bridges the #NFT knowledge gap by introducing a physical with every NFT purchase on @niftygateway.

- Open editions go wild, (601 x $969 = $582k)
- 21 Single editions go for ~ $2.9M

Total $3.5M, a record BY FAR. (At the time).

4/ This blew previous records out of the water.

Media ate it up, Beeple cemented his name in this new NFT movement.

Everyone in #crypto land heard about it.

20 out of the 21 single editions were purchased by @metapurse.

1 by @illestrater_, (baller).

5/ Ok so now what?

Just wait and hodl and let time do its thing?

Why not continue the storyline and make this more?

6/ Enter $B20 Token.

- Provides a more affordable way to 'invest' in Beeple,

- Easier exposure to the NFT Art industry,

- More people invested/incentivised,

- Better liquidity when assets appreciate,

- Experiment

- Beeple got some so even HE's invested in this project.

7/ The above are my thoughts and my thoughts only**

The distribution event was epic.

3 concurrent events across the largest virtual land projects in NFT Land.

@decentraland, @cryptovoxels, @SomniumSpace.

Everyone in NFTs back then knew about it.

8/ There were speakers, Beeple, Nifty Gateway, Scavenger hunts,

Even a @3LAU performance 🔥

Again, adding more to the story in a BIG way.

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.