DAOs (Decentralized Autonomous Organizations) will change the world 🌐🚀

It's an idea whose time has come. The technology is following close behind.

What is a DAO and why will they change the world?

⬇️ A THREAD ⬇️ What's a DAO?

It's an organization collectively owned & run by its members, governed by a contract written in code 📜

It can be anything: a community, an investment fund, a charity, even a company. For profit or non-profit 🤯

It's a platform for any kind of group action

So @ToppsDigital x @WAX_io published a response to product criticism (kind of), telling customers to 'read the fine print' & jabbing Dapper Labs 🔥🔥🔥

Spoiler alert: They did not read their own fine print.

I can't believe what I read 😱🤯

A Breakdown ⬇️⬇️⬇️ TLDR: Wax said opening packs was not time sensitive. That was untrue.

🔸Wax disseminated misinformation
🔸Blamed Topps
🔸Blamed customers for not reading smart contracts📜
🔸Said this shows how Wax is superior to @flow_blockchain bc it's a "public blockchain"

Top Shot should increase the eligibility requirements for the next Holo Icon drop, but not for the reasons you think 🤔

A THREAD 🧵👇 Almost 100k qualified for last week's Holo Icon drop. <3% of those got a pack.

IMO, the requirements were very lenient. You could easily qualify having spent <$200 total on Top Shot 🏀

"But is this even bad? Packs should be for everyone!"

🏇 Meet Cybele, my first @zed_run racehorse 🏇

I spent 5 hours this weekend reading, watching, & learning about Zed Run before buying this horse 📚✍️🖥️

There's a big learning curve, but the virtual world Zed Run has created is INSANELY COOL 🔥🔥

Here's what I've learned ⬇️🧵 What is Zed Run?

🔹A video game/marketplace/WORLD where you can buy, sell, breed, & RACE virtual 🐴 for real 💰
🔹Run on ethereum 🔳⛓️
🔹Entire system of genetics built in 🧬
🔹Free & paid races run constantly

Basically, it's owning & racing horses. But online.

It's INSANE 🤯

🚨4/3 NBA Top Shot Market Breakdown🚨

Since Feb 1:

Unique buyers per month: 9x 🚀🚀
Total transactions per month: 3x 📈
Total sales volume per week: 5x 📈📈
Market cap: 2.25x 🤨

Today I spent 3 hours researching the "big picture"

A MEGATHREAD ⬇️⬇️⬇️ Big picture takeaway: Despite falling prices, there are a lot of positive signals 👍

Overall sales volume has been TURBULENT, but it's clearly trending up.

Kevin Durant Seeing Stars Reward Update ⭐️⭐️

The image shows sales data for the past 7 days per @EvaluateMarket

After a day-2 bump, prices have been declining & now dipping below $400 📉

The price is about to eclipse the 7500 LE Durant 😱⬇️ Seeing Stars KD: /4182 Mint
Base Set 2 KD: /7500 Mint

I'm really surprised that the SS KD is only $35 more (and dropping) per @AddMoreFunds

I GOT SERIAL #8 FOR THE DAME ASG MOMENT 🤯🤯

Thank you @nbatopshot gods 🙏🙏

nbatopshot.com/moment/maxm+0a…

Oh man....Conley Welcome to the Family -85% in the last 15 min since challenge end 😂

$350 ➡️➡️ $45

🔹 Conley ASG moment: /2021 mint, currently $109
🔹 WTTASF Conley moment: ~7,000 mint, price...?

For the record, even I avoided this challenge. Here's why ⬇️⬇️ I do not like challenges with awkward supply numbers like this.

Restricted supply temporarily increases challenge moment value but sets it up for a harder crash 📉

EVENTUALLY the moment will be worthless. BUT short term limited circulation caused a shortage.

📉 ARMAGEDDON PT 2 📉

💫 Rising Stars Edition💫

In the 20 minutes since the challenge ended, Rising Stars moments are down ~50% based on min-ask right now per @EvaluateMarket

If you thought collectors took a bath on Seeing Stars, just wait ⬇️⬇️ If a collector bought at the bottom of the RS1 market (About $7k AT LEAST), they would lose about $3,500 if they sold now.

SPOILER ALERT: The Edwards reward isn't even going to come CLOSE to making up that difference. I'd be shocked if it even makes up for half (at open).

The @dapperlabs fundraising news is breaking my brain 🤯

(and it's not because MJ is investing, it's because Dapper Labs just became a Unicorn overnight) 🦄🦄

A thread: ⬇️⬇️⬇️ Here's my *guess* for Dapper Labs' valuation over time.

Today they basically skipped from Series A to ~Series D

Valuation yesterday: ~$70 million
Valuation today: $2.6 BILLION🤯🤯

~40x

They're now one of the ~300 most valuable private companies in the world.

This is INSANE

🐻🐻 3/29 Challenge Update 🐻🐻

Rising Stars 1: $6,870 (-14% since this morning) 📉
Rising Stars 2: $4,430 (-7.9%) 📉
All-Star Game 2: $3,890 (-12.8%) 📉
Seeing Stars 2: $2,410 (-20.7%) 📉

I'm a little bit worried about marketplace conditions right now ⬇️ There are a number of reasons why the market might be falling:

1. General FUD (like we've been seeing)
2. Lack of new money in circulation
3. Pack drop/Increased supply, etc

But honestly, I really think today's decline is mostly about Seeing Stars 1.

🚨 Only 1 hour left top complete Seeing Stars 1 🚨

Set is only -2% since yesterday morning (currently $1,582) but there are some weird trends happening within the set.

A thread: ⬇️ The two most expensive moments in the set are going in opposite directions.

Zion is -20% in the past 24 hours 📉
Harden is +10% in the past 24 hours 📈

Zion is totally bottoming out.

🚨 3/28 CHALLENGE UPDATE 🚨

Market pullback underway 📉

🌟 Rising Stars 1 (Edwards): $7,320
🌟 All-Star Game 2 (Dame): $4,515
🌟 Rising Stars 2 (Zion): $4,840
🌟 Seeing Stars 2 (LBJ): $2,755
🌟 Seeing Stars 1 (KD): $1,610

Will they continue falling?? All of the challenges are down >10% in the last 48 hours:

RS1: -15.9%
ASG2: -17.8%
RS2: -11.9%
SS2: -11.4%
SS1: -10.5%

Most of the declines have come just this morning. Data from @AddMoreFunds