008.eth | 🇨🇭1 Profile picture
Jul 5 11 tweets 3 min read
(1/10) Why I'm collecting 999 Passports:

- IRL I've traveled to 30+ countries
- Currently collecting at least 1 🇧🇷999 from each country I've visited IRL
- During the post-Covid era, international travel has been difficult
- Now I can visit newly forming meta-countries: 🇮🇸999
(2/10) Web 3 is about Identity
- The #999Passport allows us to build our identity to include the places we've traveled and are interested in
- Everyone has their $ENS, next people will add their origin (their pseudonymous personality's origin)
- We can immigrate on-chain
(3/10) Price Point
- In ENS it's not just the price, it's the carry cost
- 3 & 4 character names are $53 & $13 per month ... that's too high to for mass adoption
- #999Passport only is $0.42/month
- Anyone and everyone semi-interested in $ENS can afford one
(4/10) Expands the Community
- On the way from 1.5m ENS names to 20m ENS names, a lot of random stuff will be minted
- How does ENS Digits expand it's community?
- 5ds, 6ds or concept of 999 applied to existing national identity
- I feel more connected to my passports > my 5ds
(4/10) Clean af
- They stand out & look great
- Adding in the name on twitter is a perfect accent
- Just like a 3 or 4 digit, the 999 Passport is self explanatory
- The sheer number of $ENS community members who put these in their name this week - speaks volumes
(5/10) Flags = IP
- Regardless if we are choosing our IRL origins or a country we resonate with ... these flags are brands
- What other IP has so much global appeal & is not violating trademark/copyright?
- ENS community can tap cultural IP w/ 0 risk of DMCA
(6/10) Dreaming Big
- Current tech allows for L2 passport stamping visiting on-chain version of countries/points of interest
- EiffelTower.eth could sit in a single-asset wallet that "stamps" your 🇦🇪321 passport with a 🇫🇷 on-chain
- Community can create a meta layer on IRL places
(7/10) IRL Meet Ups
- It's hard to find like minded web3 people in your IRL setting
- 999 Passports will connect you with a physically accessible passionate ENS community
- Maybe you are going on vacation to 🇻🇳, you buy 🇻🇳232 - to give you access to IRL event while in-country
(8/10) IRL P2 - ENS as Cash Flow Asset
- Perhaps you live in 🇧🇷, you buy 12 🇧🇷### passports
- When web3 people visit, you lease 🇧🇷 passports to them
- You provide them w/ IRL tours to local web3 starts ups
- Entrepreneurs can leverage these assets for cash flow w/ sweat equity
(9/10) Technology is Log Scale
- In order for ENS to grow, we need to think in 10x terms
- We don't need a new 5k or 10k project club ... we need something that brings 100k people into ENS
- There's ~200k #999Passport possibilities
- That's the scale we NEED
(10/10) - Community & Connection
- ~200k #999Passports minted
- Massive community
- How do they connect?
- Australia 999, Swiss 999, Brazil 999, Nigeria 999
- Each 999 club has ~1110 members, small enough to connect
- When we "travel" we will be entering vibrant communities

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More from @008_eth

Jul 6
(1/10) I am known for making big buys when I have high conviction:
- 008 for 20 ETH
- 005 for 50 ETH

Back then I had ~1k followers, now I have 4.4k & more influence

I made a big buy today, didn't want to cause people to FOMO - hence a fresh wallet.

🇮🇳1.eth

Let the FOMO begin
(2/10) Why 🇮🇳1 ?
- India has 5th largest GDP
- ~1.4 billion people
- Many mega NFT collectors ($10m+ buys) are of Indian decent
- India has a vibrant crypto community, @0xPolygon was founded there
- Bullish on India's long term GDP growth
(3/10) Why Flag 1?
- 3 digits went from not minted to worth $40k in a matter of weeks, I think flag 1 may do the same
- flag 1 can launch coins, telecom services, payment networks, shopping, help onboard a nation to web3
- Visually flag 1 looks amazing imo
Read 11 tweets
May 6
(1/10) Liquidity is the core factor on why 3 & 4 digits will likely accrue outsized value in ENS ecosystem
- Liquidity begets liquidity
- ENS volume last 2 wks > all volume before
- 3 & 4 digits initial liquidity was from NFT degens, now being joined by freshly funded wallet
(2/10) Low Transaction Fees
- ENS has no royalty fees on transactions
- OS charges their standard 2.5%
- Resulting in ENS having the lowest possible fees on OS
- Larva Labs charges 0% on punks, Yuga charges 2.5%, Art Blocks 5%, Azuki 5%, NFT Worlds 8.5%
(3/10) Buyer Aggressiveness
- Example: 4d costs is listed for 1.5 ETH
- If fee 2.5%, buyer will need to sell for 1.54 ETH to be break even
- If fee 7.5%, it's 1.62 ETH
- Intuitively buyers can be more aggressive, if fees are lower
Read 10 tweets

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