Excited about future gaming and metaverse projects such as @CitySatoshi
Dual support on the trend line and price level between $72 and $75.
Most importantly optimistic about their execution of the subnets, their ability to tokenize financial assets via permissioned chain on custom chains, and maybe more custom VM ( which could be interesting optionality!)
All of the above themes have a multi-trillion $ TAM
These are some of the trends I am seeing as an analyst in public markets and degen in private markets (weekend hobby is to ape in private deals brought by syndicates and DAOs).
1.@ethereum 2.0 PoS will happen by the end of 2022.
The financialization of gaming via NFTs and crypto will become a prerequisite.
Gamers have already started asking why they weren't always owning their in-game assets?
Financialization of gaming assets and enjoyment will be so crucial that >80% of games will have this.
The irony of the situation is that having NFTs, crypto, or P2E mechanics of the game wouldn't be enough.
I believe in LR just P2E mechanics are not enough. Games can use their inflationary token emission to bootstrap networks but it's akin to poor DeFi protocol with high APY.
A detailed walkthrough of my investment thesis, valuation, and price prediction
Investment Thesis
💪Can be thought of as an ETH 2.0 Hedge ( delays in ETH 2.0 Road map) and a Put Option (captures user base and developers from the ETH community)
💪Highly Scalable – Can process up to 1 million transactions vs 15 currently for ETH and 10K for ETH 2.0
cont...
🚀Broadest type of interoperability ( multiple blockchains and bridges can communicate with each other)
🚀Highly customizable and developer-friendly. Substrate makes it easier for developers to create custom blockchains for bespoke products (DeFi,NFT,Privacy,Gaming etc).