Thread by @wilxlee

how is #Coinbase launching #NFTs going to x100 your portfolio!?
👇🤔

cnbc.com/2021/10/12/coi…

first off, we need to understand what #coinbase is and what it means to the #nft/#crypto world.
then you will know how their entry will literally change your life if you are in #nfts now.
so pay attention 🚀

0.1 coinbase

is one of "the easiest place to buy and sell crypto". if #robinhood was for stocks, then #coinbase is for crypto.
$coin - $249USD/share
market cap - $52 billion
2100+ staff
+68,000,000 users...

for comparison
#twitter market cap is $49 billion...

1. adoption

now we know how big of a dedicated crypto user-base #coinbase has, lets estimate their adoption rate.

according to the technology adoption life cycle, lets just say, 2.5% of their users are innovators (dark green)

1,700,000 will become #nft users... 🥴

in comparison -
#opensea is at
+185,000 #nft users as of this month...

at an early adopter rate of 13.5% for #coinbase users...
thats ~9,180,000 users...... 🤯🤯🤯

185,000
vs
9,180,000

(this is only coinbase user alone just fyi)
🤯🤯🤯 🤯🤯🤯 🤯🤯🤯

2. product market fit

ok... before my heart completely races outta my chest, lets give some credit where its due.

product market fit is literally a multi-million dollar question.
simply put - is your proposed solution what the market wants to their problem? will they use u?

#opensea trail blazed and created a platform that ppl are using and has gotten adoption.

from 7000 users in jan to 185k now - thats a HUGE achievement.

its not perfect, but the point is they solved the pandora box and now EVERYONE can just come in and take a piece of the pie

*now of course lots of other variables came into play: crypto adoption, VCs, artists, beeple, cryptopunk all played a roll in getting this adoption.

OS was just at the right place at the right time.

all the new comers have to do, is to look at how OS messed up, fix those (ie, no private sale commission, no sketchy doings, etc) and improve on the user experience, they won't even need to steal market share. we are a bleeeeep.

#opensea = myspace
#coinbase or #X = facebook

3. user experience

right now, when you have to buy #nfts, you need to send $ to buy #eth/#sol from exchange, send to #metamask then find the right market places to begin buying your nft.

all with 0 support and sketch AF.

now just imagine
#coinbase - send money, open app, buy #nft (#sol/#eth/any chain you like)

literally THAT easy.
even your mom can do it.

all the exchanges/storage and all, happens bts.

now some may say, well thats not decentralized, no one will go.

@APompliano nailed it today.
"majority of ppl don't care for decentrailization, they want convenience & a great UX. decen is an after thought"

this is how #robinhood became the go to with stocks. literally changed how gen z invests in stocks, at the touch of a button.

4. cross chain

oh did i mention crosschain already? well imagine being able to attract users across multiple chains, some of these die hard maxis. #sol #ada #eth #avax #bsc etc...

Final thoughts:
this isn't really about #opensea vs #shoyu vs #coinbase vs #pancake anymore. this is literally a WHOLE movement we are in right now.

the tide is raising and WE ALL WIN, as long as we are on a freaking boat.

oh how will you x100 your portfolio?
just look at the stats. when demand for GOOD #nfts goes up and supply for GOOD #nfts stays the same, then yes, price goes up accordningly.

so once again, how do you know whats a good #nft?
yes - follow me and retweet this 🤣🤣🤣
👇

🌟 art
mona lisa lasted for decades, study art and the value behind them.
🌟 culture
supreme lasted for more than 2 decades as an iconic brand.
🌟significance
if its still around for 10 years, theres significance.

ps: join #coinbase nft to check it out yourself.
coinbase.com/nft/announce/1…

pss: not financial advise
psss: #WAGMI Glowing starGlowing starGlowing star