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Retired TradFi Gone Web3: Chief Finance Degen @ExploreOmnia | @SappySealsNFT
Joined May 2019
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1/ Developing sustainable tokenomics takes a lot of time and dedication. Relying on a team of individuals that will tell you everything that is WRONG with the design is crucial. Most projects don't need tokens to function. The Devil's advocate team member is the most important
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MFW I go to reconcile the corporate accounts after
@wabdoteth
and
@camolNFT
go “Networking” in Miami
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If you haven’t been living under a rock the past couple weeks, there have been a lot of hot takes with respect to royalties.
Today I will break down
@sudoswap
and why the argument shouldn’t matter for teams if they get involved 🧵 👇
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Would
@SappySealsNFT
and
@ThePixlverse
people be interested in hearing more about back end biz dev stuff that isn't super glamorous, but necessary for us to fulfill our vision?
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Excited to talk about what we’re cooking up with
@NFTzyBoi
‼️ TOKENOMICS SPACES ‼️
Tune in tomorrow @ 6PM EST for Spaces + Giveaway
We'll be discussing the tokenomics behind the Pixlverse & leaking tons of alpha
Like + Retweet ❤️ 🔁 to win a FREE Pixl Pet
Winners will be announced LIVE
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You want to know the best thing about
@wabdoteth
he doesn't just pander to anyone who puts on the seal mask.
If you acted like a retard in the past he will smoke you, in public, on the timeline, with no regrets
This is how you build a proper cult
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Backend Biz Dev isn't always glamorous, nor does it always change the FP of collections, yet it is crucial for any team looking to scale. Today we're gonna talk about IP, the protection process, and why it is important for founders and holders alike.
🧵👇
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There was a point in time where someone told
@wabdoteth
he was bad at marketing and stuck in an echo chamber.
There is not a better marketer out there.
Masterclass in building culture
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1/ Most NFT projects are being run by fully anon teams. A lot of these projects will do absolutely nothing some of them will walk the line of regulatory compliance, and others will ignore regulations all together. My thoughts on the future of building in the NFT/Crypto space 🧵👇
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Penguins
Seals
Pandas
All catching a bear market bid
Common denominator?
Teams building regardless of macro fear
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If you stop and think about it the new meta of rewarding communities that are vocal with airdrops makes a lot more sense than linear distributions based on capital outlay
One party operates loudly and gets exposure to protocols
Another operates quietly to not dilute their bag
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There are many seals/sappy ecosystem participants that have been laughed at for their conviction
That changes this year
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Many people told me not to leave my tradfi job for Sappy
it's personal
either way still a lot of work to be done
was waiting for the bull to bring out the competitive side — it’s almost time
we have something to prove this cycle
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The
@SappySealsNFT
&
@ThePixlverse
have rebalanced treasury funds to 90:10 stable/ETH ratio… as per our finance protocol we utilize UNI V3 positions to scale in and out of $ETH with new royalty income. Effectively strengthening our runway to withstand all market conditions
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Seals absorbed like 100+ seals being sold from one whale exiting and are currently above the best price he got for them all
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I just realized
@camolNFT
is always bullying people to buy
@SappySealsNFT
but who is bullying camol to buy seals
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I think the Penguins flipping BAYC thing resonates with so many (even non holders) because it’s the epitome of the crypto story
You can be down and out and have a lot of people telling you to pack it up in this space, but momentum can snowball very quickly
Lesson there
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Liquidity has been migrated for $PIXL to Uniswap using a 1% Fee Tier V3 Position
All fees generated will be manually added back into the LP over time
Big changes are coming to $PIXL.
Staking emissions end Q1 2024 and supply is being hard-capped at 500M tokens.
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One of the greatest things about
@SappySealsNFT
is the community. Within that community you have subsets that form.
#NFTs
are most powerful when the holders identify with their avatar. This is an organic occurrence that can not be created artificially and why the floor rises.
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11/ My friends ask me for "Alpha" what's the game plan to maximize exposure to
@ThePixlverse
?
1. Stake Seals: Get $PIXL
2. Get Pets to battle, Earn $PIXL
3. Use $PIXL to own productivity
4. Have fun until
@ThePixlverse
eats Web3
/end
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Excuse me
@wabdoteth
please report to the board room to discuss this expense request for
“Retard gets pixl tattoo”
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1/ Super excited to collab with the guys over at
@wasabi_protocol
As the space moves forward NFTfi will play a larger and larger role in how users get exposed to digital assets
Wasabi leverages
@FlooringLab
uToken's to allow traders to long or short NFT collections
🟢 Sappy Seals x Wasabi 🟢
We are excited to announce our first collection partnership with
@SappySealsNFT
They are trailblazing for collections to optimize liquidity, enabling holders to hedge and earn from their Seals.
Trade now to earn 2x Points:
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Guys how did this happen apparently
@SappySealsNFT
is secretly giving away NFTs to women as some psyops campaign and have completely snuck it past the Head of Finance (me) how will I possibly reconcile the books!?
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We have always functioned from a place of “what would x action look like if it was front page news”
Nobody forced us to do this. I imagine 99% of teams don’t have anything remotely close to this
We ship NDAs to perspective partners when anything non public is being discussed
A reminder that
@SappySealsNFT
have a robust 'Digital Asset Trading Policy' that all team members and associated entities MUST abide by
We take shit like this and the spurious accusations surrounding it very seriously
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I will work very hard in 2024 to get someone to offer lending against $PIXL solely to make sure
@NFTzyBoi
doesn’t have a main character arc
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There is only one gold seal with headphones and the iconic "Seal Eyes" and you will never own it
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As much as I clown on $SOL its probably one of the few "sure" bets for a 5x minimum if you just wait
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1) The hardest thing about being early to a trend is the self doubt. When I was buying Solana at the lows I kept having this internal dialog with myself
"How can they let me buy this at these prices"
"This feels exactly like ETH before"
"What am I missing that the market sees"
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A critical but unavoidable moment in the Web3 space. At
@PixlLabs_
we have taken a lot of time with legal to prepare for this kind of action. We still stand firmly that all
@SappySealsNFT
/
@ThePixlverse
assets do not meet all prongs of The Howey test Fight the good fight
@yugalabs
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Seals come home
Seals Come Home.
Open World Tech Demo — Tuesday 12th 6PM EDT / 10PM UTC.
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I heard a rumor
@opensea
is delisting
@BoredApeYC
this is a sign from the crypto gods to dump your monkes and buy
@SappySealsNFT
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Sports memorabilia has a current market size of roughly $26.1B. Ever hear a sports fan say "we" did good when their favorite team plays? NFTs tap into that same tribalism that is instinctual in humans. If you fade NFTs you are fading human nature.
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Working on a framework with
@NFTzyBoi
for the entire
@PixlLabs_
team on best practices for the purchasing and sale of assets related to the entire umbrella. Should we release this to the
#NFT
space when complete?
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This is the type of thread you drop when you were early to the tech, taught classes on the tech, then joined a regulatory body that disallowed you from investing in the tech and watched others get ridiculously wealthy while you were sidelined and resentful
A thread 🧵
Some things to keep in mind if you're considering investing in crypto assets:
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Blast Score Board so far:
2 Rug pulls
2 Honey Pots
3 doubles then dead (break even free coins)
1 Pac Mans real name coin -30%
1 double riding (hopefully this is the dog coin of choice)
chain isn't even fully open
Be safe bet small it's a warzone in the sewers
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Wait aren’t seals worthless when Pixl staking ends? 🤔
When seal staking ends on the 1st of April there will be a new system in place shortly after.
It has been designed to favor the most loyal seals, and it will continue to factor in rarity.
You will not need to unstake.
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Everyone say thank you
@IImprot
Dude speed running bug fixes in real time so you can all try it out
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@wabdoteth
@CGreer_01
@pixlversewhale
@ThePixlverse
Let’s put something into perspective as well between DeFi protocols and Seal staking 1 year token inflation is roughly 400M. If we have 100,000 players that only allows them to spend 4k $PIXL a year before there is supply shock. Now imagine 1 Million? 10 Million players?
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🪄🤝🏻🦭
Excited for what’s to come here.
We’re excited to announce a partnership with
@SappySealsNFT
where they will be launching the first tokenized physical collectible on our Ethereum Launchpad and moving forward, Magic Eden will be their preferred marketplace 🦭
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@CryptoCobain
In 2017 I sold there and ended up buying back high, today I bought with conviction
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LittleButtonBeforeBigButton.exe
You guys all harassed me for the wAbSiTe.
So here's our most important one to date that will set the scene for the next few months, if not, years.
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Today I sold a house
Two weeks ago myself and another seller listed at the same price
He cut price 10k so I cut 15k
Thanks to the NFT space I’ve learned how to make sure my illiquid bags sell first
In the arena…trying things
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This is important and I just want to add one more crucial element
At the team level we can vet projects and signal support for things we think are valuable however we can’t stop projects from airdropping that we don’t see value in
It becomes the communities job at that point
There are a lot of projects reaching out about giving airdrops to seals. A lot of them are actually legitimate and already established (e.g. big crypto gaming studios that most people know).
As this cycle heats up, every single protocol, memecoin, and game will be airdropping
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@CryptoCobain
@RealRossU
I don’t care what anyone says without Ross and SR there is a very real possibility that bitcoin would have failed prior to any kind of adoption…infinity bid the NFTs pronto
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Like how you gonna make someone an advisor that couldn’t advisor their own project correctly?
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What happens when every NFTfi protocol wants your silly little Sappy Seals?
🕹️🤝🦭
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The funny thing about this is that we literally do not care if you are a “whale” if you are not a cultural fit to the network state that is Sappy
We have bullied plenty of past whales into exiting their bags and will continue to do so if your sole contribution is money
there was a guy who had 80 Sappy Seals (40ETH+) & couldn’t get into their Basel event last night.
told me he was going to floor all of them when he got home.
lmao. web3 is brutal.
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I'm making a list
Checking it twice
Gonna find out who sold it tonight
pixlclaus is coming to town
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BAYC allowing Kevin to be an advisor is probably worse than the Acquisition itself
You just signaled to the space that you approve of the value extractive behavior of the old leadership
As one of the most influential teams in the space YUGA should have told KR to kick rocks
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“Hey guys I’m not saying you should buy this incredibly solid chart at the pico lows but if you saw a token with incredible r/r that looks like it’s at a fantastic place to buy (not saying you should uwu), would you buy it?”
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9 years ago a series of events put me on a path into recovery
At the time I had no intention of staying clean
Call it God the universe the simulation whatever you vibe with, but in that moment my life was forever changed
The life I’ve gotten to experience is beyond my dreams
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@SappySealsNFT
plans to become a lifestyle brand, where the Seals become iconic. The last thing we wanted was to run into problems with infringement after deals were signed
@ThePixlverse
and Pixl Pets will be our powerhouse game IP that fuels KPIs, protection is crucial
👇
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Asia will not escape this face
Sappy is now available on
@LINE_Global
as part of our first collaboration with OOZ by
@_LINEFRIENDS
!
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If you want to talk about this more you can always ping me in the
@PixlLabs_
Discord server. My suggestion to everyone, teams and end users alike, is to familiarize yourself with this dApp. Innovation waits for nobody.
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1/ I posted about this in a reply earlier today but I want to do a bit more of an explanation on my thesis
Going into 2024 and a new bull market many people are looking for growth sectors
Obviously I’m biased when it comes to gaming for what we’re doing at Sappy
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@MrRyruk
@AllRyLHedUp
@camolNFT
@UncJoe33
@Dwebbs1
@ChippyGotKicks
@LucaNetz
Unironically crypto makes this easier. There are crypto payment processors like sablier that stream to a specific address. If this was a team lead royalty activation for use of IP simply streaming to whichever address holds the NFT. If it was a holder generated lead bit harder
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All Seals. Study Arcade 🫡
// ARCD airdrop claim incoming
Code name: Clash of Claims - A PVP airdrop where holders of selected collections enter for a chance to win 3% of the total supply (3 million) of Arcade’s token ARCD.
Next week, the first 4,000 wallets will have the ability to claim 750 ARCD each,
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This is just a bit of an inside look of one of 100 different things that the
@PixlLabs_
Biz Dev team is doing. These processes don't necessarily create tangible value or hype as they are occurring, but they allow for our business to run, scale, and generate revenue.
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>Sellers in the housing market as inventories start expanding and people start under cutting each other
>NFT bros:
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Now you bid, pray, and hold onto your cheeks
Would not rule out a whipsaw flash crash to $60k ish just to dalai to new ath just so the leverage monkeys don’t get the free ride
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Told my girlfriends zoomer brother to quit his job and come work for me
All he has to do is watch tik tok every day and tell me the memeable trends before you guys make them tokens
Pre rich
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@CookieLoverNFT
@Pentosh1
Pixl Labs has 0 exposure to FTX risk and have taken measures to assure that we are not blindsided by any stablecoin risks that COULD be brewing under the surface…Funds are SAFU 🫡
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Here's my take on this "should you buy a house" "should you use other assets" that's all over the timeline even tho nobody asked for it
Most of you have a gambling addictions disguised as investment thesis
Most of you will give it all back
Make it harder buy other assets
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The reality is that thicker liquidity on NFTs is +EV for the entire space, it means NFT markets become more efficient and price equilibrium is more realistic than some arbitrary floor price based on the lowest ask on any given collection. Mass adoption becomes easier.
👇
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Don’t under estimate the normie that has never experienced crypto gains before
Friend I put in solana early told one of his friends to buy at $50
After a 2x he wants to put all his savings in crypto
More of this is coming
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So let’s look at inefficiency and teach the
@SappySealsNFT
something. Trader A sold into a WETH bid for .40 paid .01 in fees to OS paid a .018 royalty netting .372
Same trade on Sudo would have been .3915 *.995 = 0.3895
.01754 left on the table
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Recently
@LucaNetz
has been talking about his vision with
@pudgypenguins
IP and I could not agree with his mental model more. I touched on similar things in October on our last Q&A. This is the key to mass adoption IMO
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And y’all really don’t think you’re in the early stages of a Jones Town story?
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Everybody will buy seals at the price they deserve
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So what exactly is
@sudoswap
? In the simplest terms it is an automated market maker (AMM) dApp for your favorite animal jpegs. You can think of it as the Uniswap of NFTs and the implications for the NFT market are massive.
👇
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Thanks to
@wabdoteth
I'm seeing so much about Cardano NFTs, but this chain literally just came out after Charles promised smart contracts for like 5 years. Not sure if they ever fixed their DeFi, but one of their first IDO launches ardana was done on ETH because it was so busted
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It’s important to note that gold has absolutely de correlated from treasuries which have had near 1:1 correlation for the better part of 2 decades (probably longer)
Gross negligence in fiscal spending has started to fracture trust
Study Ray Dalio
Study End Stage Debt Cycles
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A lot of these teams promise things that they will never actually build, all the while collecting anywhere from 2.5-10% on every sale that happens across their collection. Team owned liquidity pools on
@sudoswap
make teams put skin in the game and work for their revenue.
👇
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Manifest Destiny
There are many seals/sappy ecosystem participants that have been laughed at for their conviction
That changes this year
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So funny story. I bring my non NFT/Crypto friend to the
@SappySealsNFT
/
@RooTroopNFT
/
@Llamaverse_
event last night and a girl gets him to dance…on the ride home he asks me what a ROO is
@MorganStoneee
I think I need to switch teams this is what mass adoption looks like
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5/ so where am I going with this exactly? While we continue to build out
@ThePixlverse
and work on the $PIXL token a consistent theme emerges. The broader community is looking at $PIXL the wrong way and the narrative needs to be corrected. We can think of $PIXL in multiple stages
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