Jero

Exploring new opportunities
Prev: Built multiple crypto startups, PM @KrakenFX

[Jero @JeroenHesp]

@0xNairolf That's mostly because a higher ETH backing is more capital efficient farming, but once that's changed and ETH backing is more close to the NFT price, I suspect more people to choose the NFT

[Jero @JeroenHesp]

@CryptoChaoss @token_works There should be more pools added, in different categories, and different entry values. Everything in one pool is less fun

[Jero @JeroenHesp]

$PNKSTR lower in marketcap than $FWA currently.

@token_works will make improvements to the protocol, so sub $6M marketcap seems undervalued to me compared to the potential

[Jero @JeroenHesp]

@SpeculatorArt There's big potential to make a decentralized gacha with different types of pools. So with various categories & entry ticket values. So one for digital art, PFPs, Pokemon cards, other tokenized assets

[Jero @JeroenHesp]

@gmoneyNFT Separate pools is probably the best solution to keep spinning interesting long term. You can have one pool with ERC-20s, mixed, low-value NFTs, high-value NFTs and even pools based on a category of NFTs (art/photography/PFP)

[Jero @JeroenHesp]

@fidoeth With spins or LP?

[Jero @JeroenHesp]

@econoar Agreed - would be great if there’s different pools you can choose from. And to incentivize putting in higher value NFTs with a backing closer to the floor price

[Jero @JeroenHesp]

TDLR:

if you want to accumulate $FWA because you’re bullish on the token, only two ways to accumulate
- faster method to buy at current price: spins, you’re paying an approx 15-23% premium to accumulate $FWA
- providing liquidity with NFTs, overal less -EV but much slower to accumulate the token

[Jero @JeroenHesp]

@buyerofponzi Kraken - you're welcome

[Jero @JeroenHesp]

@token_works What would be a great improvement: make it more attractive for high value NFTs to LP, so that the pool is not flooded with lower-value NFTs. Or have different pools you can choose from to spin

[Jero @JeroenHesp]

@printer_brrr https://t.co/nd6bFgOcxv Found it nvm

[Jero @JeroenHesp]

@printer_brrr Where can I find this dashboard?

[Jero @JeroenHesp]

@painkillerbill + you shouldn’t convert NFTs that have a backing under the floor price. And simply receive the NFT and sell it on opensea.

[Jero @JeroenHesp]

@painkillerbill That’s because you probably got unlucky on a few spins. But the more spins you do, the more likely it is to convert to the mean.

[Jero @JeroenHesp]

@MeltedMindz Funny but true

[Jero @JeroenHesp]

@Cryptopathic Yes it brings interest to collections as you're forced to learn about them

[Jero @JeroenHesp]

@econoar Agreed

[Jero @JeroenHesp]

Bittensor bittensor:native was early, but it's one of the biggest ideas in crypto right now after Bitcoin and Ethereum. Only thing to solve is the economies of the subnets and value accrual to SN tokens and/or bittensor:native

Regardless, very bullish as this likely leads to more talent interested building on subnets

[Jensen Huang @JensenHuang]

For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.

AI will transform every industry, power every company, and be built by every country.

Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.

The world needs both frontier closed models and frontier open models.

https://t.co/AUKzoQ5Ikb

[Jero @JeroenHesp]

I agree, but is it possible to structure this well without legal risks? It's clear token investors are done with "utility" and "governance" tokens, buybacks or profit sharing is the way. However, are dividends in some form possible without violating security laws in many countries?