more thinking out loud:
For most people, this loan just looks like a typical loan. About 50% LTV on an NFT (last sold Glyphs were 75-100 ETH)
But the full story is that this Autoglyph was bought for approx. 3 ETH last year
Is it 50% LTV or a temporary 10x?
For most people, this loan just looks like a typical loan. About 50% LTV on an NFT (last sold Glyphs were 75-100 ETH)
But the full story is that this Autoglyph was bought for approx. 3 ETH last year
Is it 50% LTV or a temporary 10x?
https://twitter.com/hackingmoneyph/status/1379079376512372740
There's also something to be said about how NFTs aren't just financial (and really interesting collateral), but they're also social capital
Because assessing my Twitter? That takes time (and it's shit anyway)
Assessing my writing? Takes even more time
I'd also be very screwed if Twitter and Substack also just decided to revoke my accounts - so what is irrevocable social capital worth?
Assessing my writing? Takes even more time
I'd also be very screwed if Twitter and Substack also just decided to revoke my accounts - so what is irrevocable social capital worth?
Because my gallery will stand for all time, and it's quick and easy to assess*
10 seconds of appraisal > 10 minutes reading my [poorly-edited] writing
*I'm also relatively hella broke, so my gallery only has 2 pieces
10 seconds of appraisal > 10 minutes reading my [poorly-edited] writing
*I'm also relatively hella broke, so my gallery only has 2 pieces
https://twitter.com/hackingmoneyph/status/1378906968413372416
My collection has basically been my degen score this entire time
The magic is that it only makes sense for those in the know, no system-generated number required
The magic is that it only makes sense for those in the know, no system-generated number required
https://twitter.com/hackingmoneyph/status/1365699186092482560
Guess that's been the biggest reason why I didn't want to sell my Beeple
Just didn't have the words to explain it until now
I mean, sure, it's a lot of money. If I thought $969 was a lot of money, whew, the floor price of Beeple right now is a LOT of money
Just didn't have the words to explain it until now
I mean, sure, it's a lot of money. If I thought $969 was a lot of money, whew, the floor price of Beeple right now is a LOT of money
But as I once struggled to explain, Beeple will do far better with his career than I ever could manage my money or "career"
So, what opportunities can owning a Beeple afford me?
(I swear, if I can never have to submit another fucking resume . . . )
So, what opportunities can owning a Beeple afford me?
(I swear, if I can never have to submit another fucking resume . . . )
https://twitter.com/hackingmoneyph/status/1378970978152239106
Of course, that's blindly assuming that Beeple's trajectory keeps progressing positively
And I will acknowledge that it's a privilege that I neither need nor want the money
I may be dumb, but I'm not dumb enough to be losing money in a crypto bull market
And I will acknowledge that it's a privilege that I neither need nor want the money
I may be dumb, but I'm not dumb enough to be losing money in a crypto bull market
And we still gotta see how "blue-chip" NFTs retain value in a bear market, right?
But as it stands, you literally don't have to sell your NFT, if you don't want to. Just go to @nftfi and temporarily exercise a few multiples of your original value
But as it stands, you literally don't have to sell your NFT, if you don't want to. Just go to @nftfi and temporarily exercise a few multiples of your original value
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