Sicilion_crypto| $BEER (🍻, 🍻)

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[Blum @blumcrypto]

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[Sicilion_crypto| $BEER (🍻, 🍻) @Sicilion_crypto]

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[Sicilion_crypto| $BEER (🍻, 🍻) @Sicilion_crypto]

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[Glacier Network 🧊 $GLS @Glacier_Labs]

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[Glacier Network 🧊 $GLS @Glacier_Labs]

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[Beercoin 2.0 @beercoinmeme]

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[Sicilion_crypto| $BEER (🍻, 🍻) @Sicilion_crypto]

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[Spirit DAO @spiritdao]

Satoshi Nakamoto fit check.

[Solana @solana]

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[Grail.eth @graildoteth]

Bullish update by @Revolving_Games

The update is that TGE is near and RG is building an ecosystem from bottom to top and top to bottom. I like what I see here.

And they released a cool trailer. The brand aesthetic of RCADE is on point and I love the theme they are going for here.

I have a lot of people asking about my NFT position, given the updated market state (bearish for gaming over the short term) so I'll post some thoughts here about my hold.

If you don't care about Revolving Games or bag-holding gaming NFTS, you can gracefully exit this thread and save a lot of wasted time.

You can cut it down to this: I'm bullish on RG and trying to justify bag holding a lot of $ in NFTs.

HOLDING NFTS = STUPID?

It seems that the trend is for NFTs to dump to shit post-TGE as traders take profit and blur farmers exit positions leading to a floor collapse.

It does not help that the market for web3 games has been quite bearish and so far we still have no fully launched web3 games that one could point at and say is a hit.

We have a few that are showing great promise with what's been released so far (like @PirateNation which is showing killer usage with transactions and is a actually fun on-chain game), but the wait for full-release games is still ongoing. BUT I believe it's only a matter of time before we see enough web3 games fully launched where we can see if we land a hit or not.

Some thoughts here as the biggest @Revolving_Games NFT holder who has not sold a single NFT here from .03 to 1.5e and back to .9

I have a lot of liquidity tied up into the NFT assets right now. 360 Nexus Nodes (~.90e) , 200 RG BYTES (.30e), and 200 Immortal NFTs (.04-.07e), something close to 400e or close to $1,500,000 in value.

Logic dictates I should probably sell something here and recycle liquidity to other bets, but I've ridden this project for almost 10 months now and acquired many of these assets early when nodes were .03-.1 before anyone was talking about RG. I am bullish on their $RCADE token in the ecosystem they are building.

I believe the team has THE most hands-on experience building actual games in the web3 space, so I am quite confident they can churn out a game that hits some sort of significant player base. Whether that's profitable and a 'hit' revenue-wise, I can't say.

But I think this studio has a chance here at that, more so than most of the other studios building web3 games.

Much will ride on how good the core RG games are here, but building out the infra (gaming chain + node infra) with some interesting tech mitigates the risk.

I've seen some of the in-dev previews of two of the games and I like what I see which has given me a good deal of confidence to make this NFT bet.

If they nail the web3 aspects down, I could see the games getting a lot of players here.

I'm holding my NFT position here because I believe holding the NFT will be worth it in the end.

You get access to a community sale (which may or may not be good), you get a token drop (hopefully, it's significant enough to stand out here), and you get a node that you can run and continually earn tokens for participating in securing the network.

The test will be the token drop and community allocation, but if RG takes a page out of some of the recent games to give huge portions to the community like @PirateNation (47%) and @Pixelmon (35%) with strong initial unlocks on TGE to their biggest supporter group, I believe the brand will energize a community to back the project through whatever bear/bull cycle happens over the next 18 months.

I think the go-to-market here must be giving a huge percentage of the token to the core community. If not, it's going to be a difficult road to stand out.

Straight out here if RG goes cheap on giving a strong allocation to the community (NFT holders, nodes etc), then my thesis is probably fucked here holding the NFTs of selling and just buying the token.

I think to make a dent here in this NFT-skeptic market, you need to launch your TGE with a real explosion and give a huge percentage to your NFT community to keep them happy, make them rich, turn them into a cult, and back your brand. Anything less, you won't do enough to make an impact. Go big, or go home.

And you also need something for your community to be excited about. You need good games, you need fun games, you need something your community can actually believe in. Giving out a fat token drop is not enough. You need something for your community to rally around.

I'm going to bet (I could be wrong) RG is going to build good games and give a big portion to their core community. Any thing less is a disappointment here for holding the NFTs with an iron grip for 10 months through this market.

OTHER KEY REASONS I'M HOLDING:

1) A bet on teams who are BUILDING MULTIPLE GAMES in different genres/markets (i.e. a STUDIO with games vs a single game) which gives more swings to hit the ball.

2) A bet on teams shipping out games that will be significantly playable THIS year (public alpha or full launch) with the TOKEN utility turned ON

3) A bet on teams with strong industry connections and the ability to forge strong, tier 1 partnerships which helps build out a stronger brand.

4) A bet on teams with significant VC funding and strong contacts in the gaming industry to forge partnerships.

5) A bet on gaming infrastructure.

Everyone is trying to build their own L2/L3 gaming chain to capture more value, so the narrative is NOT as strong as it was some months ago. But I do believe only a few projects have the tech ability, industry clout, funding, and in-house games to make this a reality.

Anyone can make a copy pasta gaming chain, but few can build out enough tech differential that it rmatters and even fewe can onboard solid gaming partners to join the effort. RG has the ability to do so.

Even better, they have their own IP games to jumpstart their gaming ecosystem with.

I think this is critical at the start. If your own game becomes a success you can basically engineer your ecosystem into success showcasing your own app success onboarding partners/attention to your infa running the games.

[Blum @blumcrypto]

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[Blum @blumcrypto]

gm ＼(＾▽＾)／

[Blum @blumcrypto]

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[Blum @blumcrypto]

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[Bybit @Bybit_Official]

1/2

Tomorrow Decision Matrix & Risk / Reward by @kGolid goes live🎨

Snapshot for the rebated Dutch auction, timed release, and airdrop at 14:00 UTC today 📸

Don't miss out, more on the @redbullracing Discord 👀

#VelocitySeries

[Bybit @Bybit_Official]

🧠 Hong Kong may allow Spot ETH ETF to have Staking as early as this year.

$OM jumped by 19.08% and has hit all-time highs due to bullish sentiments about tokenizing real-world assets.

🌐 Explore More: https://t.co/x9lKrFOuFs

#TheCryptoArk #BybitNews