GFM!!
A little late to the party but really stoked to be rocking this new PFP from the @vvvdotnet community.
This is where you grow not only financially, but also physically, mentally, and spiritually.
$V is coming and its gonna be huge. You don't wanna miss it.
IYKYK
@MarketElites Still one of the better communities I’ve joined past 2 years! Still around and delivering Value in the options space. Still bullish on the future of Market Elites
Shareholders,
The latest NetNet Predict Market is now live. Will the NetNet Treasury surpass $29.19M by Sunday?
These markets have done over $205,000 in volume since inception.
More Soon.
https://t.co/jONfXtjQVv
Shareholders,
We’ve been working diligently on new angles to drive treasury growth outside of our current suite of 15 products.
This upcoming week, a few of the teams we’ve onboarded via the NetNet SDK will officially launch their products.
Some of these products will not be on Robinhood Chain, some of them will not even market to crypto users. All of them however, will send revenue directly into our USDG treasury.
We will have more on this soon.
Shareholders,
The NetNet Capital Management Treasury has passed a value of $27,000,000.
We are the largest holders of tokenized equities on @RobinhoodCrypto , and we are truly just getting started.
More Soon.
Shareholders,
We wanted to provide an early look at some NetCorp enemies you will encounter early in your journey.
THE WASH TRADER
Two brokers in the same pinstripe swap places every time you hit one, and the one not holding the ticket heals the other. They only drop their shares if both die within five seconds, so a group that rests between them pays the stake for two.
Shareholders,
NetNet opened on July 17 with $0, and 77 days later the treasury holds $26.8M.
The RW-PLAY games have taken in more than $1.9M across 137,000 plays along the way.
In the last two weeks, our treasury has added $6.9M.
WinNET came first, as a prize draw where entries stay staked in NET and the pooled staking rewards are paid out as the prize. It has taken 2,484 entries from 1,383 wallets, with $235,000 of USDG entered so far.
The Stock Token cabinets followed, with COINflip running 8,541 flips worth $245,000 and SUBWAY RUNNER taking 18,519 runs worth $185,000. THE BUTTON has been pressed 70,534 times at $1 a press, and SPACEX INVADERS has launched 26,930 balls.
THE BOARD MEETING put players against each other for the first time and has taken $345,000 across 9,874 buy ins. DIAL-UP opened on September 7 and has already run 20,819 rounds for $313,000 in stakes, all of it played in wsNET.
BASKETS has filled 555 entries at $100 each since September 14, which is $55,500 in 18 days. THE BOOK opened on September 20 and has written 204 bets worth $189,000 across 25 markets. Superstore, TURBO and MSFT FLIGHT SIMULATOR have added more than $50,000 between them.
Predict is the newest desk, a weekly market on where the treasury total prints each Monday. It has traded $206,000 across three series from 271 wallets, which means shareholders are now trading the growth of the treasury itself.
That is fourteen desks shipped in 77 days, nearly $1.9M played through them, and a treasury that went from $50,000 to $26.8M over the same stretch. Every number in this thread comes from Robinhood Chain, and we are still shipping.
So whats next?
NetCorp, our flagship product, an MMORPG where every action is a trade, is in Beta right now.
We are also building THE BOOK and Predict into a standalone whitelabel prediction market offering a wide range of markets from sports to on-chain data driven ones.
We are also in flight on a prop desk for human traders with a second category for AI agents. An agent launches paired against wsNET, trades in the open and builds a public track record, and its fees feed the treasury. Proven agents can earn credit lines and a weekly prize pot. We are aligning more closely with @RobinhoodCrypto 's Agentic Trading infrastructure.
Partnerships are the other half of what comes next, and the whitelabel market is built for them. If you run a protocol, a community or a brand and want your own prediction market or an agent on the desk, our messages are open and we would like to hear from you.
More Soon.
I'm beyond impressed by what @NetNetCap is building.
This will be the Axie Infinity / DeFi Kingdoms moment of this cycle.
NetCorp will be incredible for the price of $NET, and its treasury.
Every weapon, every upgrade, every item in every shop is a market buy under the hood. (constant buy pressure)
And instead of people playing a game and earning the in-game token that they can sell (like at Axie and Defi Kingdoms), people will earn tokenized stocks that they can sell. (no sell pressure from in-game earnings)
This might become a real income-source for A LOT of people.
With the dilution 'problem' actively being worked on, and this game launching soon, I can see $NET become one of the projects that will bounce hardest during the next Robinhood liquidity inflow.
Conviction.
(🥅,🥅)
2686 $NET has been bought back so far
The team have turned down VCs, private capital and whales
And the flagship MMORPG will be marketed beyond traditional crypto channels
^ A morning update from the man himself, every time I read the TG I get more bullish
"I am confident and hopefully have displayed over the past three months that we have an opportunity to be extremely successful here. That said, the large majority of people will want us to fail, predict that we will fail, hope for our failure, and actively root for our failure'
It's my job to prove them wrong"
So what is NetCorp?
Shareholders,
NetCorp is the flagship product of NetNet Capital Management, an MMORPG where every action is a trade that you win with real trading and with game skill.
You join by loading your character with a seed, which is held in real stocks and becomes your starting equity. Your equity doubles as your character's strength and health, so the position you carry into the world is the same thing that keeps you alive in it.
From there you walk the world and take quests, and every quest asks you to risk some of that equity and pays you back more if you complete it. Some quests are fights against the things that roam the campus, and some are puzzles you have to work out yourself. Others are trades, where a quest giver asks you to go long or short an asset and you win the quest if your trade wins.
Combat follows the same rule, since bigger bosses pay more money at higher returns and more powerful weapons are what let you beat them. A fight that would cost an underpowered character most of their stake becomes a routine win once the right weapon is in hand, which means better gear lets you risk less to earn more.
When you fail a quest, the usual answer is that you need better gear, and every gear shop in the world runs on $NET. Shops across the map sell weapons, armor, upgrades and everything else that helps you on the way, and all of them execute $NET market buys under the hood.
The $NET you buy is added to your character and earns rebases the whole time it is there. You can spend those rebases in the shops, or take an advance on them through the ADVANCE desk we already run and put that money to work in the game. You can also put your future rebases at risk on a quest when you want a bigger position than your equity alone allows.
Every character ends up with two balances that work together, the equity in stocks that decides how strong you are and what you can risk, and the $NET you spend to get better at keeping it.
Dungeons are the biggest payouts in the game, and they need a group to clear. Only brass can call a group together, and the brass leader earns a share of everything the group makes during the raid. In return the leader has to risk a bigger part of their own pot than anyone else in the party to run it.
Brass characters also start stronger than every other character in the game. They level up faster, reach better gear sooner and earn more equities along the way, on top of what they make from leading raids.
All of this runs on $NET, the currency of the whole game and the only way to buy a weapon, an upgrade or anything else in any shop. Every player needs it to progress, and it sits on their character earning rebases. The more people that play, the more $NET gets bought and held.
We have shipped 13 games in under 3 months, and every one of them was practice for this. The plates, the factions, the characters, and the gear are already live on chain, and NetCorp is where all of it comes together.
More Soon.
$NET cannot go to zero. The immutable core contracts set backing at $173 right now, including the RWA sleeve its over $210.
At these levels we are aggressively buying $NET . uncapped upside with a worse case 50% drawdown.
The treasury continues to climb, V3 RWBs turn off dilution, we have $1M in stables coming to the credit desk today which we will use to buy more $NET.
Overall, we've grown our treasury to nearly $26M in under 3 months, we have basically built all of 2021-22 DeFi in under 3 months, We've delivered brand new on-chain experiences including on no-loss lotteries, no-loss sportsbooks, an advance rebase desk, and more. We have the largest morpho blue market on RH chain, and we have not even released our bluechip (frontier) product yet.
We've also done all of this without any public acknowledgement of any kind from RobinHood yet. Worth mentioning.
A bet on $NET is a bet that our team will be able to grow the treasury past the pace of emissions. So far that bet has been correct, but it is clear that additional revenue streams outside of bonds are required for the next leg up.
I am betting that we can deliver.
Shareholders,
~0.75% of the NET supply now sits in Net Advance, locked for 30 days. We just added another $100,000 in Advance Opportunities. The RWA sleeve is set to earn ~120% APR on this capital, and has already earned more via early repayments.
Buy Now, Pay Never.
We also just bought another $100,000 of NET and will continue to buy more at these levels.
More Soon.