Fungible PnL

The finest definance.

[Fungible PnL @NonPnl]

Requesting $ROWAN funds from the #Stakely Faucet on the Sifchain blockchain. Request ID: SMQIA9C8 #privacy https://t.co/pu76oyn7NG

[Fungible PnL @NonPnl]

Fluf World initially looked like a coordinated bid by a network of crypto OGs, but as unique ownership grows, that's matters less.

I'm watching the unique owner numbers and not the floor price rn.

[Fungible PnL @NonPnl]

This seems like a good time to pick up DeFi protocols that have been building and finding PMF through the mini-bear. E.g. @RariCapital, @visorfinance, @sushiswap

It also seems like perfectly good time to just hold ETH2x-FLI.

Not financial advice. I like the risk-reward here.

[Fungible PnL @NonPnl]

@liminalspread @dcinvestor Fair enough. I think the analogous comp is that new primitives (e.g. uniswap) are to historic pieces (e.g. ringers), while avatar projects are to [___]swap spam on BSC. I suspect DC thinks a lot of alts are also going to zero in the long-run.

[Fungible PnL @NonPnl]

@dcinvestor @liminalspread The thing about avatar projects is that they're all derivative from punks (and BAYC to a lesser extent). So why would any reasonable amount of capital flow to them when the whole space is accretive to the top project w/ limited downside risk?

[Fungible PnL @NonPnl]

@dcinvestor Yeah long-run (more likely medium-run) value looks like:
- top 0.1% (punks etc.); exponential growth from attracting new capital
- top 5%; fun projects that sustain a community but limited growth as not attractive to new capital
- bottom ~95%; zero liquidity/zero community

[Fungible PnL @NonPnl]

@0xSisyphus Rocks were the test to see if you truly went negative IQ and I failed miserably from the middle of the curve. Hope to be dumber next time.

[Fungible PnL @NonPnl]

When MEV geniuses are tweeting about a ridiculous NFT project on day 1, you know it has legs...

[Robert Miller @bertcmiller]

Love seeing someone fall down the rabbit hole

[Robert Miller @bertcmiller]

Love seeing someone fall down the rabbit hole

[Fungible PnL @NonPnl]

@0xSisyphus @bertcmiller

[Fungible PnL @NonPnl]

@Crypto_Kangaroo hell yeah, pulled two and hodling

[Fungible PnL @NonPnl]

@J__Cub @Zeneca_33 @j1mmyeth This looks like the best asymmetric bet on an avatar project in awhile.

[Fungible PnL @NonPnl]

@garyvee FLUFFFFFFFFF

[Fungible PnL @NonPnl]

I'm having a hard time valuing @veefriends on anything but a 'bet on the founder' model. But that's probably worth 2x where it's sitting right now.

[Fungible PnL @NonPnl]

@Zeneca_33 @j1mmyeth I did the exact same thing. Looked kinda cool and aped without any due diligence. Hopefully there's enough of us to make a community out of it.