Owner @LuaSolFdn ๐โ๏ธ | CTO @DegenApeAcademy ๐ฆ | Solomon #14๐ฆฅ @the_barrows | Water the grass where you stand, it won't be greener on the other side
Lets just assume the entire platform is fully diluted at 320m
Current monthly revenue is around 100mil in gacha sales per month, now about 80mil of this is used to buy back cards at circa 90% insured value, the remaining cards are redeemed irl or left on the platform.
So its on track to make 10mil this month in profit alone and increasing. Thats 120m profit annualised, what should the platform be valued at then?
The team has been doing manual buy backs at much lower prices, but alot of the profit is recycled into new gachas and inventory rather than buying back a token, the goal is to bring hundreds of millions of slabs onchain so it can compete as a market place vs places like ebay and fanatics (so buybacks dont make too much sense compared to just growing the business).
Imagine if the variety of cards available is 10% of ebays selection, but instead of paying 13% ebay fees per sale its in the low single digits, its basically an rwa platform disrupting traditional models.
The trojan horse is the gacha, but the true end goal is competing with ebay by tokenising assets and charging significantly less fees.
Its partnered with comic gachas, so its also expanding its verticals.
Credit card spend from irl flows are also going parabolic, some users dont even realise its a crypto platform.
Plus i found out recently. https://t.co/qxIc133ncX allows you to actually bid on ebay auctions with usdc, this is an insane unlock for overseas buyers not willing to pay import taxes (10% for aus 15% for nz, 15% for europe). They also do concierge for big ticket times on goldin and fanatics upon request.
The team is looking at every angle and trying to disrupt the entire industry by using crypto rails.
Go to the discord, ask questions, plenty of people will help you.
@Refplusten@gurgavin Imagine the delusion and mental illness to blame a countryโs retarded economic policies and its consequences on another leader but not their own
Being one of a handful of investors who believed in @Collector_Crypt in early 2024 while dozens of VCs just midcurved it and passed feels like such a flex now.
Being the only one who didn't sell all their unlocks but actually tripled down on $CARDS at the bottom even more so.
When you find a winner, you just hold it.
My first conversation with @TuomHolmberg and @JoeMunnsHK was in the summer of 2023. They were kind enough to bring me in as an advisor.
Iโve always loved card collecting, so getting to help this team felt genuinely special.
Back then, CC was nowhere near the collectibles juggernaut people know today.
Big partners didnโt really prioritize them. Sourcing cards was clunky and manual. PMF for the tokenized slabs marketplace wasโฆ okay at best.
But Tuom and Joe just kept going.
They stayed lean, stayed agile, and kept shipping.ย Iโm sure it wasnโt easy.
Then the gacha launch hit just as the graded slabs market started taking off.
Because theyโd already done the hard part, earning trust, surviving, and showing up consistently, CC was ready.
Partners who once passed started reaching out.
Today they crossed $1B in volume.
Huge congratulations to the team.
To every @solana founder out there, I hope the @Collector_Crypt story inspires you!
To make this super clear.
We are giving away $500k in free packs to our community.
Legacy users and also new users over the quarter are eligible.
Link below.