Thread by @CozomoMedici

Why did I just invest in a Cryptopunk when I already have significant exposure?

If you study networks, you find the focal point of a network tends to accrue a disproportionate amount of the value.

This is why Michael Jordan... <continues👇 >

... earned 100x the money of the next best NBA player.

Why Beyonce earns 50x more than the next best R&B singer.

And why J.K. Rowling sells 10x more than the next children's author.

Why?

When you are the focal point, you accrue the most exposure + the most opportunity.

This equals a halo effect that makes dethroning the #1 nearly impossible.

When it comes to NFTs...

#cryptopunks are the prime focal point of the network.

For those of us who are deep in, sure, there's a new hot project every week.

It's impossible to keep up with the penguins, the 0n1s, the loot & the toadz.

But the punks are always there, enjoying the OG status.

At the focal point of the network, with the strongest community, the highest-profile holders, and the most intriguing story.

The most exposure, the most opportunity. Which as in most networks, often leads to the most money.

And all roads typically START with punks, too.

I'm sure you saw celebs like Jay Z, @jasonderulo, & @obj enter the NFT scene via punks.

And think of the last time you told a friend about NFTs.

Which project did you tell them about?

I don't see celebs stopping buying punks any time soon.

I don't see me stopping telling friends about punks any time soon.

I don't see the OGs abandoning punks any time soon.

I don't see the lending protocols deciding to no longer start with punks any time soon.

Right now, fractionalization is not really a "thing" yet.

You can tell by how low the prices are on some fractionalized assets. They often don't match the true value.

But as fractonalization gains in popularity, everyone will soon realize that they too can own part of a punk.

We will see fractionalized floor punks, alien punks, 3D punks, beanie punks.

And shares of punks could one day be as widely held as bitcoin.

Love ya BAYC, but I don't see this widespread desire to hold happening with your apes any time soon.

And BAYC is an EXTREMELY successful, extremely awesome project!

But it's hard to compete with the king.

And BAYC holders KNOW punks are king.

The focal point of the NFT network. The first stop, and the last stop.

This is why I feel a properly balanced NFT portfolio should contain a minimum of 50% #cryptopunks.

But that doesn't mean I personally won't go 80% :)

**Not investment advice**

Retweet this first tweet to spread the word on the network effect of #cryptopunks:

https://twitter.com/CozomoMedici/status/1438303028075978756

And follow me, @CozomoMedici, for more threads on:

- Which projects I feel are creating new network effects
- How I think about which punks to buy
- My plan I'll announce soon, to get #cryptopunks in front of 100's of millions or billions of people

Your fren,

~CdM