Ok What’s this Metaverse thing everyone keeps talking about?
Books, Ready Player One, random nerds on the internet and now Facebook?
The next decade is going to be LEGENDARY.
1/ Thread 👇
2/ What is the Metaverse?
There’s a lot to unpack here.
Wikipedia has a good line on this,
"Metaverse is a speculative future iteration of the Internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe."
3/ The term initially made an appearance in the book “Snow Crash”.
I’m not going to fake it. I didn’t read Snow Crash.
But I DID watch Ready Player One and was like HOLY SHIT this is the future.
Let's explore long term economics of NFT projects.
How do projects go from 0.1 ETH to 5 ETH, back down to 1 ETH then boom to 30 ETH?
How do flippers, hodlers, newbies, hype contribute to different phases of projects and thus effect prices?
Thread 1/
2/ We'll go off the above image. Hope it's clear, (zoom in).
It seems many projects follow a similar trajectory.
This is just my opinion through my experience 3-4 years here Full-time NFT investing - so of course DYOR, share what you know and don't take anything as gospel.
3/ Also much of this is relation to the whole "10,000 Avatars/land plots/loot/etc"
A fixed supply with ongoing demand at different periods.
This probably won't apply to Art, Virtual land or projects with much more supply/different value drivers.