Thread by @The_ReadingApe

We had a very enjoyable time doing up this summary!

Not so much the investment alpha, but what should you do after you have made it in crypto

Let's get down to the summary! Presenting @gabrielhaines and @Fiskantes 👇

@gabrielhaines @Fiskantes Background

🔹 Crypto Twitter Degen investor extraordinaire
🔹 Partner at @ZeePrimeCap
🔹 CIO at @Sigil_Fund

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund Conference experience

🔹 Conference attendees are mainly lawyers and legal service providers 🧑‍⚖️
🔹 These people are good at structuring companies, providing legal advice
🔹 Some of them have never used MetaMask before
🔹 Lawyers were discussing IP rights and NFTs

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund Thoughts on NFTs

🔹 Did not expect NFTs to blow up so fast
🔹 Thinks that some NFTs are lazily drawn with no fundamentals or promise of anything else in the future
🔹 Had a NGMI mindset around NFTs. Found CryptoPunks kind of ugly

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund 🔹 Was early to the #NFT scene in 2019, but he wouldn't buy something that does not appeal to him aesthetically
🔹 He ventured into NFTs when it wasn't clear that it will be a trend. Helped him to formulate his NFT thesis quickly when he saw the space growing

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund "So it was like me fucking around in these like weird areas. It may seem like just a waste of time, but it sometimes bears fruit."

- Fiskantes

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund Embracing memes

🔹 Memes are the biggest driving force in a post-value society
🔹 A post-value society has a digitally native culture where the scarcest resource is human attention. Anything that can capture attention sustainably for a period of time can become a major asset

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund 🔹 NFT valuation relies on tastemakers who create a narrative around the NFT. Tricky to find something that is not trendy for only one season
🔹 They also invest in projects that they do not expect to be mimetic but are technologies that are necessary to the space

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund On middleware

🔹 Many believe that middleware would not capture value. Instead, they think that value capture occurs in the app, aggregator, or social layer
🔹 These investors point to super apps like Google and Facebook and think of middleware as HTTP or SMTP protocols

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund 🔹 Middleware with the following features are able to capture value:
1️⃣ Have tokens
2️⃣ Have a decentralized network
3️⃣ Have a community of independent operators

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund On cynicism

🔹 Easy to become super cynical in crypto because of the cesspool of Ponzis and outright scams in the space
🔹 If individuals do not have an overarching set of values that they anchor their life to, they can feel empty inside even though they are making money ☹️

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund What has changed in his life?

🔹 Gabriel referenced a tweet that Fiskantes made about making X amount of money and not feeling anything
🔹 From a materialistic perspective, nothing much has changed in his life
🔹 His mindset has changed a lot

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund 🔹 Focusing more on health, fitness, and personal relationships
🔹 Saw a smaller account on Twitter coining the term Return per unit of Mindshare, which means how much attention and mental energy that someone needs to spend on something versus how much profit they can get from it

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund 🔹 Starts to think in terms of best possible return with the lowest possible mindshare spent
🔹 Realized that most drops and mints are not worth the trade-off anymore. Knows that life is short and he wants to enjoy stuff and be healthy

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund How is he spending his time these days?

🔹 Their team has grown and he is outsourcing more to other members
🔹 Doing more strategic and management work
🔹 Recently started looking at crypto gaming. His colleagues and himself have the experience and an edge in this area

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund Crypto games

🔹 Doing cool stuff with @ParallelNFT. Will be out soon
🔹 People have been bashing #PlayToEarn because it's more like work and less like play
🔹 Thinks that it is one of the avenues that people could take if they are displaced from their job by automation

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT 🔹 In addition, #PlayToEarn means that others are willing to pay players for doing the things that they are doing
🔹 Would like to see community members building up a gaming ecosystem from the bottom up and making NFTs interoperable with one another

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT 🔹 Doesn't think that @lootproject will be a coherent gaming experience
🔹 Loot is the first demonstration that people can bootstrap a community that independently builds some part of the experience
🔹 One criticism that people levelled against Loot is that it is not affordable

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject 🔹 Finds this criticism very weak as there are more affordable versions available such as mLoot
🔹 A better criticism is that games are built from a primitive such as the rules and the goals of the game. Building a game from an item set, such as Loot, is more restrictive

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject 🔹 They invested in many games. Particularly excited about one game he invested in which he cannot disclose yet
🔹 Another game they are looking at connects crypto incentives to real-world tasks that need to be completed by the player

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject On @OlympusDAO

🔹 Attributes success to:
1️⃣ Protocol Design. The biggest liquidity provider is the DAO itself
2️⃣ Their bonding mechanism
3️⃣ Olympus Pro product is already being adopted by other projects
4️⃣ Have super loyal, long-term, and active community members

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO On forks of Olympus DAO

🔹 @templedao is no longer a fork. They started out as a fork but added a lot of their own innovation
🔹 As he has already invested in Olympus DAO, he didn't want to touch any Olympus forks
🔹 @ohmzeus was advising @KlimaDAO

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO 🔹 Klima DAO reached out to his team. He was skeptical and did not care about carbon offsets. Felt that it was social signalling
🔹 He told the Klima DAO team that if they manage to win him over, he will invest in them. After 2 hours, they made him care about carbon offsets ♻️

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO 🔹 2 types of carbon credits:
1️⃣ Issued by governments and forced upon factories
2️⃣ Voluntary carbon offsets bought by companies that want to be carbon neutral
🔹 Large companies would buy these carbon offsets and the issuers would use them to engage in green activities ♻️🌲🌲

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO 🔹 The carbon offset market is very small and inefficient. Klima DAO is the first project to tokenize carbon offsets from the off-chain world to the on-chain world
🔹 They will release $KLIMA, an independent green currency against these carbon offsets in their treasury ♻️

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO 🔹 Klima DAO will incentivize people to buy these tokenized carbon offsets
🔹 This will incentivize entities that are able to buy these carbon offsets off-chain and bring them on-chain to cover this arbitrage

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO 🔹 Gabriel highlighted that the incentivization might create artificial demand
🔹 Fiskantes does not differentiate between demand from crypto legions and demand from big companies. Both groups have put money behind them

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO 🔹 It's a new way to channel crypto speculation into something outside of crypto that is a net positive
🔹 Not sure how this would end but is excited to see it in action
🔹 It's also very risky due to the many bottlenecks that can make it friction heavy 🚨

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO Other investments

🔹 @POKTnetwork is an underappreciated investment of theirs
🔹 Already has a working product
🔹 Focus is to create a decentralized network of node providers for blockchains
🔹 Token out at the end of this year 👀

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO @POKTnetwork His personal goals

🔹 Short term goal is to go through medical exams and tests to see if there are any health problems that he should focus on
🔹 Subsequent step is to focus on living a healthy life for as long as possible
🔹 Would like to travel more and to have a balanced life

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO @POKTnetwork Travel

🔹 If the COVID lockdown is lifted, he wants to travel through some Asian countries that he hasn't visited yet. If not, he will try something in South America
🔹 Will have a shorter European road trip with his friends

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO @POKTnetwork His Twitter experience

🔹 Felt like family when he had under 10,000 followers. People understood his jokes and his memes
🔹 Now, there are many people who don't get his sarcasm, think he is dumb and try to explain things to him

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO @POKTnetwork How can listeners take action?

🔹 Advise people who have made at least 6 digit profits in crypto to put some of that into quality healthcare prevention, especially if they are over 30
🔹 Another advice is to anchor yourself within crypto with some set of net positive values

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO @POKTnetwork Links:

Substack post: thereadingape.substack.com/p/talking-cryp…

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO @POKTnetwork Links:

YouTube:

Thanks to @gabrielhaines for this awesome interview! 💪

@gabrielhaines @Fiskantes @ZeePrimeCap @Sigil_Fund @ParallelNFT @lootproject @OlympusDAO @templedao @ohmzeus @KlimaDAO @POKTnetwork Like our work?

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