1/ thanks to @cvpayne for having me on @FoxBusiness to talk about the crypto venture boom and the wealth being created by this growing industry
while flex is fun, there's something profound happening with the billions of dollars of wealth being created
video.foxbusiness.com/v/629482398300…
while flex is fun, there's something profound happening with the billions of dollars of wealth being created
video.foxbusiness.com/v/629482398300…
2/ in 2021, $612B was deployed into venture capital investments, nearly double what was invested in 2020
of that about 5%, or $33B, went into crypto related investments, but valuations in crypto are on average 150% higher than other sectors
investors want in at any price!
of that about 5%, or $33B, went into crypto related investments, but valuations in crypto are on average 150% higher than other sectors
investors want in at any price!
3/ there were 500 unicorns created in 2021, or roughly 1.5 unicorns per day. however, many of these companies have no clear path to liquidity.
in crypto, liquidity can be realized through a variety of avenues, including tokenization. this is attractive for GPs and LPs alike.
in crypto, liquidity can be realized through a variety of avenues, including tokenization. this is attractive for GPs and LPs alike.
4/ on flexing and NFTs - people *love* to flex in the real world, and on the internet.
@LVMH booked $71.5B in sales in 2021, up nearly 50% from the year prior, despite the global pandemic. profits were also up 50%.
yachts and jets are sold out.
@LVMH booked $71.5B in sales in 2021, up nearly 50% from the year prior, despite the global pandemic. profits were also up 50%.
yachts and jets are sold out.
5/ NFTs are a way to shape your online identity
owning a BAYC is like wearing an Offwhite hoodie - it's a flex and it's a statement about who you are, where you hang out, and how you want to be perceived
NFTs are a $1T industry but could be the biggest market in the world
owning a BAYC is like wearing an Offwhite hoodie - it's a flex and it's a statement about who you are, where you hang out, and how you want to be perceived
NFTs are a $1T industry but could be the biggest market in the world
6/ as we spend more time living at the intersection of offline and online, we'll see more ways for people to create continuity and shared identity between these spaces at the intersection of luxury retail and crypto
ex:
@RTFKTstudios x @Nike
@gucci x @superplastic
ex:
@RTFKTstudios x @Nike
@gucci x @superplastic
7/ over the last year, crypto wealth has been a boon for the luxury industry
unlike tech founders, crypto founders and investors want to flex and have fun. after all, we are reshaping the world and re-imaging it in bold new ways. if not us, then who?
businessoffashion.com/articles/techn…
unlike tech founders, crypto founders and investors want to flex and have fun. after all, we are reshaping the world and re-imaging it in bold new ways. if not us, then who?
businessoffashion.com/articles/techn…
8/ it isn't just conspicuous consumption tho
the wealth created is being used to reshape the world and to push the arc of reality into a new direction
from politics to funding scientific research - this industry is using social x financial capital in meaningful ways
the wealth created is being used to reshape the world and to push the arc of reality into a new direction
from politics to funding scientific research - this industry is using social x financial capital in meaningful ways
9/ while some will scoff at this industry and its penchant for excess and weirdness, i find it optimistic, fun, and hopeful.
it feels like we're on the cusp of an explosion of cultural change, with crypto leading the way. i'm excited to see how it will change our world.
it feels like we're on the cusp of an explosion of cultural change, with crypto leading the way. i'm excited to see how it will change our world.
10/ and obvi, all the amazing drip and fire fits 🪄
/fin
/fin
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