Share this page!

// Kadense (🐧,🤍) Profile picture
Twitter logo
Sep 12 • 44 tweets • 32 min read
On the week of the @solBOOGLE FINAL auction #100 and the high level of interest we received, sharing some thoughts on the invitation to join the premier network, luxury brand and exclusive community on Solana.

A mega 🧵 on history, price, journey and future of BOOGLE Image
But 1st- this is not a paid tweet. I own my own bags and directly benefit from number go up. I trade around my positions and can sell at any time. All my info is for entertainment purposes only. This is NFA. You should NOT take investment advice on twitter. I am a Pengu online
I size my trades based on my portfolio and risk tolerance. Do not copy pasta. You shouldn't invest more than you can afford to lose. I am often wrong and will be again. We're in a bear market, the key is to survive. No FOMO, make risk adjusted bets and capital preservation
In talks w/ @pimpcapital after his recent King moves, I asked his thesis on NFTs.

It was simple and clear. NFT collection value = total value of people the collection connects.

I agree. Value of the network is the membership. This is WHY ppl buy and invest in BOOGLE.
As background, my first investment into @solBOOGLE was via my investment group #7AC w/ the acquisition of BOOGLE #071 for ◎345

Our #7AC member @gloom_sol had joined earlier in October and spoke highly of the quality of the community.

Our first seat to @solBOOGLE was assigned to @naloroad
and he provided further validation of our BOOGLE thesis.

So we decided to add more exposure with our second acquisition for 7AC of BOOGLE #73 for ◎420

I took on this seat in the discord.

After being in the discord, the thesis was simple then.

1. Relationships are the Alpha and Network is the Utility
2. High quality and exclusive network w/ growing barrier to entry.
3. Only 100 = High Demand would lead to High Price due to eventual supply squeeze
Shortly after joining, added to my 7AC exposure w/ a purchase of my own for 2 reasons.

1. Thesis
2. Not having control of my own BOOGLE would create future risk of exit and potential price lockout

BOOGLE 082 acquired for ◎300.
When I have conviction, I want my portfolio to reflect it with concentration. Saw an opportunity to go after my favorite and the best @solBOOGLE of the collection in secondary.

Acquired for ◎410. Ace BOOGLE is my 👻 identity
Our thesis played out well in the months that followed, we saw a supply squeeze with ATH hitting USD high of $258K and SOL high of ◎2140 for @solBOOGLE auctions

And had some incredible chad and kings join our network... ImageImage
Due to @solBOOGLE brand, there is always risk of individuals leveraging it for their own social capital. Few extract as much as they can then go. Some may attempt to leverage it for inappropriately.

Success and elevated visibility of BOOGLE brand led to new unseen challenges.
The bear market coupled w/ some challenges from few members, we saw the turnover in our community. Market was no longer up only and for some, saw their BOOGLE as a way to take a big chunk of chips off the table or derisk NFTs.

We bottomed in auction #097 with ◎1K in Feb. Image
As project was going through these growing pains in Q1 and bear market starting, there was no ego by the team to add on leadership Boogle council voted in by the community.

Leadership is knowing when best to get help to address areas you are missing. Teamwork needed to Fly!
During this time, the value of @solBOOGLE was tested. Long standing concern was that there was no consistent liquidity above 1K on Solana.

It's been completely debunked. There's been over 15 sales in secondary since the low. Just 10 shown below.

Demand for BOOGLE is real. ImageImageImage
More important than actual sales was the new community members it brought in including:
@PrimitiveMoney @voshy @thecopers @iamstephenyuan @Theude_sol @Cypherj_sol @jrbanksjr @T_H_NFT @SolPolarized @PeskyBro @Jabroni_Peroni @0xBrando @NFT_Doctor33 @SomdotCrypto @eJ_0xSOL @Cycerl
During this time period, I sold my BOOGLE #082 to my good friend @TopoGigio_sol who is a stand up respected guy and leader on the student council @DegenDAOO.

My reason for selling was simple value of the network is the strength of the membership. Topo added value to our group. Image
Here are a few testimonies and reasons for joining from a few of the new members

1. @iamstephenyuan Founder @MarcoPolo_so / @The_Ormuz

2- @Cypherj_sol Founder/CTO of hel.io

3. @0xBrando

Founder @IntegrityDAO . Team Member @communi3_io.

4. @cryptonent

Co-founder and CEO @BlocksmithLabs. Former Lead Dev
@DeGodsNFT. Creator of demap.xyz, stake.degods.com and store.degods.com

5. @NFT_Doctor33

Web 2: Medical Doctor, PhD Candidate. Web 3: Degenenarate NFT trader. Co-Founder of @Power_Grinders. DeAlpha Team Member @DeGodsNFT

Believe deeply that @solBOOGLE has a unique opportunity because of its position on Solana. The capital (social, cultural and financial) with the leadership (thought and project) that flows from this community.

Its WHY I serve on BOOGLE council.

Today it's my privilege to work w/ fellow 7AC member @gloom_sol and king himself @softmoneyinc on the BOOGLE Council.

The Council provides support to the team and CEO in identifying and executing the most impactful objectives for the project, BOOGLE brand and community members ImageImage
W/ the team and BOOGLE council, we identified the need to bring on a CEO to help take the organization to its next level.

Showing again @earlyishadopter maturity and selfless nature as a Founder. Nothing but respect.

To read his insights on this change: jords.substack.com/p/mask-off
I strongly lobbied for @PrimitiveMoney to become CEO. He runs his own successful multi unit restaurant chain. Has successful leadership experience in Web3 w/ @MonkeDAO board and founder of @_ledao.

Most importantly, embodies values and character to lead and represent BOOGLE.
His path to @solBOOGLE was unique. I was active in recruiting but this was made possible via @SOLBigBrain who also saw the value of @PrimitiveMoney joining our network.

To learn WHY @PrimitiveMoney makes a good BOOGLE CEO, it's important to learn WHY he joined @solBOOGLE in the first place.

Simply put, he gets it what BOOGLE is and what we are uniquely positioned to be.

In a few months time, the Team and the BOOGLE council voted unanimously to extend @PrimitiveMoney the CEO role.

A leader among leaders. With the team, BOOGLE council and @PrimitiveMoney in place, I am very bullish on our future.

While outlook was uncertain through changes and market dumped, I was confident in what our team, Council and new CEO would be able to do.

So I added back the @solBOOGLE I sold for the same ◎1200.

When you have conviction, concentration.
To help onboard a new member @T_H_NFT , I worked with him to get his BOOGLE and then performed a swap so he could have the BOOGLE he wanted as his identity. Win and Help Win.

Today the collective of #7AC (individually and collectively) own 8 BOOGLEs total, 2nd only to @SOLBigBrain 9 total.

We intend to be strategic like @SOLBigBrain and I did personally, in using our BOOGLEs to improve membership quality.

Value of the network is our membership.
It is important and often overlooked but @solBOOGLE is one of the OG projects of Solana. First low supply auction project on Sol.

We celebrated our 1 year in Aug, have been battle tested like the Blue Chips SMB and DAA. This is my OG Solana Trifecta.

Looking ahead, with @earlyishadopter and @0xCelon left to focus on their strengths, we can see the strength of luxury and design shine through that elevates the @solBOOGLE IP.

Here are some recent examples:
Every project has a hoodie but ours will be a standout thanks to @naloroad taking on this project with branding help of @earlyishadopter and @0xCelon.

BOOGLE built different. Luxury. Exclusive. Boutique.

Here is a look at our website that communicates the brand and design values behind @solBOOGLE

BOOGLE built different. Luxury. Exclusive. Boutique.

Leadership under @PrimitiveMoney formalized our mission, values and code of conduct.

To insure that @solBOOGLE members are not bad actors, we issued 3 strike policy.

Value of the membership is the network and its integrity should be protected.
We wanted the standards we hold ourselves to within @solBOOGLE to be clear internally and externally. Shared publicly our reasoning in this thread.

This now puts a way for leadership to preserve the value of the network through its membership access.
We are elevating our events. Big benefit to our network is the IRL events and the exclusive access to some of the best people on Solana.

These events we've had are incredible and led to some incredible relationships for me personally. Grateful to be here
Don't worry this mega thread is coming to an end. Pengu can only write for so long.

All this is reflecting in price. There's a ramp into auction due to absence of supply. This was the lowest of the most recent 3 with the next sale soft secured at ◎1900 in next day or two. Image
There is only 1 listed on ME (mine) and listed well above market as a placeholder. There are NO other listings or sellers available sub ◎2K. Transition of membership and supply has been absorbed.

Mine is BOOGLE #005 one of 5 OG BOOGLEs. Currently listed at 3420.69 of course. Image
These pixelated ghosts are classic and have stood against the test of time. Iconic pixelated projects like Punks, SMB and Ducks stand out as classics. Timeless Art.

It seems some opinions on pixel art is changing and coming to similar conclusions.
FYI white glove service of being a @solBOOGLE, @PrimitiveMoney and I try to match sellers and buyers OTC. This provides both parties most visibility until tech solves this.

This is NOT required. We do this w/ no incentives and fees. We do it to add value to our membership.
TLDR @solBOOGLE

1. Relationships are the Alpha & Network is the Utility
2. High quality and exclusive network w/ high barrier to entry.
3. Only 100 = High Demand has led to High Price
4. Team+Council+CEO=Winning Combo
5. Battle tested liquidity
6. Luxury Brand
7. Provenance
Reminder NFA: I'm a just a Pengu on the internet.

Imagine telling your friends and family you listened to financial advice from an anon Pengu online about pixelated ghosts and lost money. 👻

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with // Kadense (🐧,🤍)

// Kadense (🐧,🤍) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @iamkadense

// Kadense (🐧,🤍) Profile picture
May 24
Without buying more NFTs, how can you help make an impact on the project you are a part of?

Ask not just what the project can do for you, ask what you can do for your projects.

🧵 to create value to the communities you are a part of.
1. The Welcome

Impact of how people feel when they first join leaves a BIG impact on their purchase.

On twitter, when you see someone new joining the community, at minimum, LIKE the post and if you feel bold, go ahead and say congrats in the comments.
One of the top projects on #SOL @DeGodsNFT understands this impact and has come up with this innovated approach of "The Welcome".

Smart. Very Smart. @frankdegods gets it the importance. Do you?

Read 14 tweets
// Kadense (🐧,🤍) Profile picture
Jan 14
If you are bullish on the @DegenApeAcademy and the @DegenDAOO, there's also been a McFlurry of sales and activity with the @TheMcDegens as of late.

Here's my 🧵on why you should consider applying for a position . Image
If you haven't read my thread on why I am bullish on @DegenApeAcademy , you can read it here

Since then floor has been rising and more importantly # of owners is rising. #DAA blue chip status can't be ignored. You can see this recognition from the purchasing of @DegenApeAcademy by ETH participants as well. I'm betting repricing continues...

Read 25 tweets
// Kadense (🐧,🤍) Profile picture
Jan 9
Today I proudly secured two pieces (#2 Adrift and #3 Leap of Faith) from the talented artist @TheFallenSol 's debut collection series which will be made of 13 1/1s.

If not for the holoplex rug, I may have secured all three.

Why? 🧵 on an early look in my 1:1 journey
Before doing so, I am candidly not an expert and just started my acquisition of 1:1 art.

This 🧵may seem elementary for more sophisticated collectors. I'm sharing because I fully expect more people to start dipping their toes in this 1:1 NFT space.
The influence on my understanding of this space is shaped by many around me.

King boogle @softmoneyinc wrote an excellent thread of his journey just yesterday that gave me the extra push to participate in more 1:1 auctions this weekend.

Read 14 tweets
// Kadense (🐧,🤍) Profile picture
Jan 6
Many of you may not be aware of what's going on with the leading Penguin project on Ethereum @Pudgy_Penguins

I used to be part of the community and it's sad to see what's happening to fun spirited community based upon the leadership and poor decisions.

Short 🧵 Image
As background:

So why am I sharing this with you? There are a lot of Pengu lovers on ETH that have been displaced due to the challenges with this project.

8,888 Pudgy Penguins. Now they are turning to other Penguin projects on ETH due to their love of Pengus.

Read 10 tweets
// Kadense (🐧,🤍) Profile picture
Dec 23, 2021
Last week I added to my @DegenApeAcademy exposure with this @McDegenApes in an OTC type deal for more than 50% discount to the prior purchase price. Don't worry this Ape will stick around.

Future thread on why @McDegenApes but for now, this 🧵is why I APE'd into more #DAA... Image
2/n. This thread will be a bit different as I want to share my personal investing history with #DAA. Stick around till the end because it comes full circle as history is important to the @DegenApeAcademy lore.
3/n. Like many @DegenApeAcademy was my first #SolanaNFTs as I came over from ETH. The @monoliff art was compelling and I wanted an Ape.

Wasnt the only one as demand was insane. Mint was a shitshow that etched led to Candy Machine. A foundation to #SolanaNFTs ecosystem.
Read 22 tweets
// Kadense (🐧,🤍) Profile picture
Dec 16, 2021
As I've become more public with my acquisitions and thoughts in NFTs, I have been asked two primary questions in different ways:

1) Why so bullish SOL NFTs?
2) Why no investments in the ETH NFTs lately?

Time for a 🧵
To start, I am not a Solana Maxi. I was a vocal ETH advocate in my circles and been called an ETH maxi in the past.

For the record, my position is that maximalism is a poor investment strategy and leads to blind spots. 2/n
Started off investing in ETH NFTs with @ParallelNFT It remains one of my largest NFT investments. My handle starts with //. 'nuff said.

Gaming NFTs will be massive and Sci Fi TCG with amazing art, team and roadmap made understanding NFTs intuitive for me. 3/n
Read 18 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(