1. P2E is going to explode - many of our portfolio co’s implementing P2E. Ton of amazing stuff coming out
2. P2E will become more competitive - turn into a yield game. Axie rules P2E ATM but more games are coming out that offer great yields
3. Gaming customer acquisition will skyrocket
4. Gaming guilds will have to begin to specialize in certain games/game genres
5. Gaming defensibility will have to beef up (everyone can compete on yield but the real moat is from the “fun” factor”)
6. NFT focused content creators and streamers will get wayyy bigger - not Mr Beast level yet but there will be inroads
7. NFT art market will evolve - collector's love context so expect art pieces that look almost like mini-startups/projects
8. Collectibles will also continue to evolve with more functionality imbued in the NFTs
9. Digital fashion will take off - main issue is having a “location” to display fashion items but ppl are working on solutions for displayability
10. Music NFTs will start to make some real progress in the "mainstream"(despite the insane music industry's potential pushback)
11. The future is multi-chain- Expect more NFTs on more chains.NFTs on new chains allow holders of those tokens to spend & actually use their crypto
12. NFTs becoming much more quantitative (expect 5x the amount of HFT types getting involved)
13. No clear regulatory guidance provided on NFTs in 2022
14. Blockchain-based virtual worlds will get more users and begin to look more like user-owned and governed social media platforms
15. Those building on the "application" layer of the metaverse (@DecentralGames for example) will continue to grow and outperform infra layer
16. Many of our portfolio co’s are currently - or have plans to - DAOify. NFT-related DAOs are real metaverse-native businesses. Governance within these entities is extremely undervalued. @Sfermion_ will announce something around this in the next few weeks 🤓
This was off the top of my head and I could keep going but the thread is getting too long
All in all, my prediction is that NFTs will continue to eat the world
Happy NY everyone. Couldn't imagine a better industry and community to spend all my time in
LFG 2022!!! 🚀🚀🚀🚀
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2. NFTs enable a metaverse to form becuz ppl actually own their digital stuff
3. NFTs will be larger than crypto (crypto = $ of metaverse, NFTs = all stuff in metaverse)
4. NFT art will eat the traditional art market
5. NFTs = most efficient means to display status
6. Screen time + technology constantly becoming more immersive (Telegraph > Telephone > Video Conferencing > Virtual Reality)+ NFTs = the metaverse is inevitable
7. Most NFTs will be worth nothing
8. Virtual world platforms are the next generation social media (no objective, socialize, create, show status, etc)
9. There will be many NFT marketplaces each focused on specific NFT sectors
10. "Blockchain" games will just be called "video games" (every game will have NFTs)
I cover five companies, dive into their products, and explain why I think they are great.
These companies will join my fantasy venture capital portfolio, and I will reassess how they perform over the coming years
1) @opensea: The Amazon, and potentially the Facebook, of NFTs (but back when Facebook was cool)
- #1 NFT trading platform
- Amazing Y-combinator backed team
- They ship updates like crazy
- semi-decentralized infrastructure = accessible to anyone in the world
- Huge TAM
2) @superrare_co: Curated “who’s who” of the crypto art world
- Top platform for curated crypto art
- Team has true grit. Nonstop grind for years
- Perfectly positioned for the growth of new market cryptoart
- Users literally go online and say “This product changed my life!”
1) Digitizing collectibles as NFTs is going to go down as the singular event that caused the collectibles market to blow past $1 trillion in market size.
The physical collectibles market today is +$350B
2) The NFT markets encompass a wide variety of categories
- Collectibles
- Game assets
- Virtual worlds
- Art
- IP
- Loans
- Ticketing
and much more
Now why is digitizing collectibles so exciting?
3) Two reasons. By digitzing collectibles as NFTs you unlock:
1. Distribution of the internet (reach and efficiency)
2. Attached to a global, 24/7, uncensorable financial system