Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Meltem Demirors Profile picture
@Melt_Dem
Oct 7, 2021 • 7 tweets • 4 min read • Read on X
Scrolly
1/ my lil' pudgy penguin fren is chatting w a @gmoneyNFT's @BoredApeYC. this NFT convo was recorded completely AI-to-AI.

this is a thread on the future of NFTs. pay close attention to what @real_alethea is doing right now …
2/ alethea is bringing NFTs from apes to punks to waifus to life in their Intelligent Metaverse known as Noah's Ark

... and they’re working on my 2D boyfriend next - can't wait to have pillow talk with sephiroth 🖤
3/ until my 2D bf arrives, i’ve been talking to my @EtherRock

imbuing my rock with a personality through AI, what could be better?
4/ can't forget about my lil' pudgy pengu - this one has my voice!

these characters are LIVE on the @real_alethea site, where you can interact with them. my pengu can now become as famous as a cameo.com celebrity, and send custom video messages to ur frenz 👩‍🚀
5/ my iNFT's also WORK FOR ME. my pengu and my rock make $ for me by providing their AI services!

whenever they have an interaction, I earn ALI credits

i have a 2D worker bee army, and soon i can rent out my 2D boyfriend too!
6/ and pretty soon, you'll be able to make your NFTs come to life...

on October 14th, keep your eyes on @real_alethea for an exclusive launch with @OpenSea.

let’s build this weird and wonderful world with our JPEGs!

SEIZE THE MEMES OF PRODUCTION!
disclosure: i'm an investor in @real_alethea via my personal holding company

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Meltem Demirors

Meltem Demirors Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Melt_Dem

Meltem Demirors Profile picture
Sep 21
this week, Meta announced plans to launch a power trading business, Atem, to manage the power costs of their massive data center footprint

this marks a new era of vertical integration and with it, a new era for commodity and compute markets

a deep dive, with charts ofc 👇 Image
1/ the oil industry is an excellent primer on what i believe will happen to the energy to compute value chain over the next decade

standard oil started as a refiner but rockefeller realized to control profit margins, he needed to own the supply of oil and the transport of oil Image
2/ instead of dominating just refining, the company vertically integrated to dominate the whole value chain

by doing so, standard tightly controlled margins and profitability

today hyperscalar have reached the limit of the margin they can extract via integration alone... Image
Read 20 tweets
Meltem Demirors Profile picture
May 2
1/ thoughts on the 100th GPU supply aggregation incentivized w a token protocol

everyone is aggregating supply but there is no demand

the dePIN angle only covers supply

but cost isn't the driving BUY factor for demand side...
2/ priorities for people sourcing GPU compute:
- availability
- security
- scalability
- cost

not a single compute buyer will choose a distributed clusterfuck with mediocre performance over hyperscalars or neoclouds
3/ don't believe me? the team at @SemiAnalysis_ (@dylan522p research firm, most widely read and cited semis / DC research) did a tear down

every distributed compute player is "underperforming" - most not even worth mentioning

semianalysis.com/2025/03/26/the…
Read 6 tweets
Meltem Demirors Profile picture
Apr 29
1/ @CrucibleCap Q1 VC report, sharing for those curious about the process of investing. we use @attio.

sourcing - we get a LOT of inbound, mostly on this site and LinkedIn. we only track investable deals in our mandate and valuation range. this is why we write / post! Image
2/ the number of deals through our pipeline has stayed pretty consistent quarter over quarter - we generally will do 1-2 meetings and then decide quickly if we want to dig in or not Image
3/ deal momentum is important - a lack of momentum can kill deals. i look at how efficient we are.

notably diligence and execution time was cut down 50% - this is due to better internal alignment and process handoffs between @itsanhonour_ @kellyjgreer and i Image
Read 6 tweets
Meltem Demirors Profile picture
Mar 25
1/ are we so back? not so fast

joined @sonalibasak and @timsteno for some lunchtime tea 🍵 on the latest in crypto markets

video here:

receipts below bloomberg.com/news/videos/20…Image
2/ first off - flows

its been a rough Q1 for ETFs flows

the sell off was driven by short term holders selling at a loss. let's see what comes out in the Q1 13F filings - our mercenaries may have been top buyers after all. love that for us! Image
Image
2/ we're in a rough spot

stocks below 200 dmas, indeces selling off, Bessent and Trump both fixated on forcing rates lower even if it costs the market

this is a relief bounce driven by retail buyers (they're a contrarian indicator) and algorithmic CTAs
Read 8 tweets
Meltem Demirors Profile picture
Mar 20
1/ quick slide rip from my @Blockworks_ DAS talk - Believe in Something

this is where it all began. everything we talked about ten years ago when we started building the world's first bitcoin investment firm has come to pass.

so why isn't bitcoin a million dollars? Image
2/ if we take out bitcoin and ethereum, this is the last five years of crypto markets

the names may have changed but the numbers haven't

this is a big problem. there's no growth. Image
3/ 2024 was propped up by two persistent bids - Microstrategy and Blackrock

but the buyers aren't missionaries, they're mercenaries

MSTR buyers are farming the convert arb
IBIT buyers are farming basis

6% of the bitcoin supply is in these two.

this is our black swan. Image
Read 16 tweets
Meltem Demirors Profile picture
Feb 11
1/ just wrapped my quarterly report for @CrucibleVC

our playbook is simple

as a GP, every quarter i quantify and qualify our ability to run this playbook. we double down on what works, experiment / re-visit with what isn't working.

let's dig into the data and tools👇 Image
2/ we use @attio to manage our pipeline

step one is analyzing the funnel - both raw #s and relative %s

with a small team, quality > quantity. low conversion % signals top of funnel is too broad. high conversion may signal you're not seeing enough deal flow. Image
@attio 3/ "customer experience" in the context of venture is largely based on responsiveness, so tracking time spent processing deal flow is an important metric

i'm pretty happy with our pacing. good to spend more time in later stages ensuring everything is ticked and tied. Image
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(