Blackbeard

building something new

[Nass Eddequiouaq @nassyweazy]

Anyone who had their offers rescinded recently, please reach out! Many amazing companies in our portfolio are hiring :)

[Blackbeard @Blackbeardweb3]

Great read on the state of tech today.

https://t.co/sfh65S6y35

[Blackbeard @Blackbeardweb3]

The appeal of holding an NFT is that you essentially own a piece of the project’s equity. This is marketed as the web3 equivalent of a stock.

My question is this: What happens when NFT projects inevitably pursue traditional funding? 🧵

[Blackbeard @Blackbeardweb3]

@murk_nft 70% minimum

[Blackbeard @Blackbeardweb3]

Finance bros - what discount rate we using for valuing NFT projects?

Over under 50%?

[Blackbeard @Blackbeardweb3]

2022 will be defined by infrastructure players diversifying their product offerings downstream.

Wouldn’t be surprised if exchanges started offering more robust wallets, marketplaces, staking, etc. to capture a larger share of value from the web3 consumer’s journey.

[Blackbeard @Blackbeardweb3]

Shoutout @goblintownwtf

[Blackbeard @Blackbeardweb3]

It’s fascinating how many of the top NFT collections are built on memes.

BAYC was built on the trend of aping into meme stocks during COVID-19.

mfers is built on the “are you winning son” meme. Won’t be surprised if floor reaches and maintains 5 ETH.

[Blackbeard @Blackbeardweb3]

If you’re building an NFT project with no technical innovation, storytelling, or legitimate utility (not talking merch / events), just build a meme collection.

Way better chance of going the distance than the 99th 3D art project with zero vision set to launch this week.

[Blackbeard @Blackbeardweb3]

So, this begs the question: is an NFT a share in a project, or just a profile pic with a few cool uses cases left to rot after the founders have had their fun?

If there’s no fiduciary duty, it isn’t investing. This space deserves better.

[Blackbeard @Blackbeardweb3]

If you still don’t think anonymous founders are problematic after seeing the creator of one of the biggest NFT projects get exposed for being a serial rug puller, I don’t know what to tell you.

[Blackbeard @Blackbeardweb3]

Let’s compare to a public company.

The “everything promised” is essentially 12 months of mgmt projections. If mgmt up and left after delivering a year of performance with the entirety of their retained earnings, there would be legal proceedings.

[Blackbeard @Blackbeardweb3]

Do you feel there’s a platform that allows you to safely swap NFTs and conduct private transactions?

Comment your thoughts…

[Blackbeard @Blackbeardweb3]

Very neat analysis by an ex-banker on Yuga’s purchase of Punks & Meebits.

[Blackbeard @Blackbeardweb3]

Congrats to @HumanShield_eth on the win!

[Blackbeard @Blackbeardweb3]

Shikigai Identity Pass (WL) Giveaway x1 🌸

1️⃣Follow @Blackbeardweb3 & @shikigai_nft

2️⃣ Like & Retweet

3️⃣ Tag 3 friends who need to find their Ikigai

Here's a sneak peek of a Jiro pfp, with music from @Pinnacle__ 📀

24 Hours... Go. 🌸

https://t.co/rgyVNcqzUC

[Blackbeard @Blackbeardweb3]

@shikigai_nft SHEESH. @mintcollectible

[Blackbeard @Blackbeardweb3]

@Pinnacle__ So glad to hear it.

[Mint CollectiblΞ @mintcollectible]

I just published "We plowed through 9 million data points and 700+ NFT projects — here’s what we found" https://t.co/mMFc1ITxcI

#NFT #NFTCommunity #NFTCollection

[Blackbeard @Blackbeardweb3]

@shikigai_nft @Pinnacle__ delivering with the smoothest sound.