CryptoPunks are undervalued:
1/ Crypto and NFTs are inevitable. Every company in the world is frantically figuring out how they can enter the space. Millions of individuals are getting in.
Punks represents the start of this movement and is culturally significant.
this is an excellent and balanced write-up.
i am a touch more positive, though really need some adaption of the accredited investor laws for my really good case to play out.
they are, right now, a huge subsidy to institutional asset managers
We've living in the 'good old days'
The dial-up internet era
Enjoy it while it lasts...
And remember what it's like so you can tell your friends when you invite them to your yacht ⛵️
On a serious note, in the short term we're probably going to see a re-pricing and funds moving back to 1 of 1 art and ETH.
In the med-long term my guess is NFT gaming & DAOs
Understand the past to predict the future
> ICOs
> DeFi summer
> Collectibles (NBA Topshot)
> Art (Nifty Gateway)
> 10k avatars (BAYC, Cool cats)
> Play-to-earn games (Axie)
> NFT-nomics & DAOs (CyberKongz, Anonymice)
> ???
Here is what's next: 🧵
CryptoPunks are undervalued:
1/ Crypto and NFTs are inevitable. Every company in the world is frantically figuring out how they can enter the space. Millions of individuals are getting in.
Punks represents the start of this movement and is culturally significant.
7/ Diamond hands. Let's be honest - anyone who owns a punk isn't in any rush to sell it. In fact, most of us probably got into crypto quite early. For many of us, Punks isn't anything to do with money. It's securing our place in the history books and owning a generational asset.