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Digital scarcity simp // @silkarthouse
Joined February 2022
THREAD . $PEPE is the meme that has the best chance of hitting $100bn+ this cycle. It may well become the coin that onboards more people to crypto than any other coin this cycle 🧵
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My fellow ETH peeps, we need to have an honest conversation about gas fees. We're in the depths of a bear market and gas fees are pricing out newbies, what happens in a bull?. My normie friends have switched their focus to SOL NFTs (they have a budget of less than $500).
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Breaking down some technicals in this thread of 6 NFT projects:. - BoredApe.- CloneX.- Azuki.- Karafuru.- Hape .- Mfer . This should give you an insight into the underlying 'health' factors to determine the level of conviction within the respected communities. .
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Let's have a look at some of Azuki's technicals post airdrop 👇. Airdrops tend to have an adverse impact on floor price, as traders look to capitalize by stocking up pre-airdrop which can lead to fickle liquidity dumping post drop .
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A thread 🧵 on why the Bobu experiment could be most under-estimated experiment in the NFT space (@bobubeanfarmer). An honest bean farmer - that’s what Bobu, Azuki #40, refers to himself as. Bobu has been fractionalized into 50,000 pieces, with 20,000 being handed out to the NFT
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The Nike/RTFKT Genesis Dunk drop marks an epochal moment for digital wearables 🧵
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A brief overview of the current state of the NFT market:. It's no secret that the trading volume for OS has dropped considerably in the last month - peaking around the end of Jan. We're bound to see more ebbs and flows in 2022 but it's important to take note how early we are 👇
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I spent a fair bit of time at NFT Paris talking to collectors, artists, and representatives of projects. Here's what I learned about the current state of the NFT market from my conversations with them 🧵.
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The Rise of Grant Yun (@grantyun2) is something that's caught my attention in the last 6 months. Yun is en route to becoming one of the hottest artists in the space. Someone worth keeping an eye on, here's why 👇
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If an artist is minting and you like the art but don’t have the $ to mint or don’t want to . Just retweet - someone out there might vibe with it too.
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Let's talk about an artist I came across a few days ago - @DirtyRobotWorks aka Daniel Isles - creator of the TAOS (The Are of Season) and @renga_inc. (dropping soon) . The comic book artist/illustrator has sent my spidey senses tingling (in a good way). Here's why 👇
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Starting to accept that the Tezos NFT market is not a fleeting phenomenon . If you look closely, we're seeing artists have their genesis drops on Tezos > build their community > start doing bigger drops on ETH. ArtBlocks team is getting their alpha from Tez, just saying.
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GM. 2023 has got off to a decent start. Got a thread about this piece that I purchased coming later today. xo
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Mad to think Azuki was at 16e less than two months ago . Now sitting at 3.7e . Brutal.
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Gm ✨. At @verse_works exhibition - seeing ‘Feedback System’ from @joepease on the big screen hits different . God damn
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I don’t think the Azuki community should be using the increase in floor price to assess the barometer of redemption. Let’s judge the team based on their actions in the next few weeks/months. I’m hopeful but reserving judgement until then . ✌️.
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$PEPE will most likely flip all memes this cycle . It’ll get to the point where people will start calling for it to flip BTC/ETH . You’ll want to sell a fair bit at this point . Regardless, I think it’ll be the top meme for multiple cycles.
I think it is possible that $PEPE flips $SHIB and possibly even $DOGE. $PEPE is a cult community with 10,000,000+ unique memes that is perpetually relevant to modern culture, while $DOGE is literally just a single pic and $SHIB has zero memes to speak of.
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Solana has lacked real quality when it comes to NFT projects. Yet, we're starting to see projects like @Claynosaurz which is run like an industry-standard animation studio out of Hollywood. These are the sort of projects that will lead the race to Solana increasing its market.
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I don’t hold any $WIF and never been bullish on it (faded it all the way to billions) . But posts like this happen closer to the bottom than they do at the top . Pain over soon I reckon.
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@RENGA_inc starting to pick up momentum in the last few days. Let's look under the hood to assess whether this has legs or not 🧵
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Super happy to have acquired 'Cypress' by Grant Yun. This 50 edition piece has been on my watchlist for a few months now. I believe it's one of the most undervalued NFTs on the market 🧵
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Buzzing to have acquired this beautiful piece. ‘The unconscious perception of love’ // @samanthacavet
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Swept 20 @jackbutcher Trademarks . The art, as always with Jack, is incredible. I've seen more than enough this bear market to know that Jack's assets will perform incredibly well in the coming years . I expect to see Opepens and other works sold at Sothebys in the future
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I'm buying NFTs now so I don't have to buy them when CNBC starts posting about them . again.
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@Claynosaurz A mistake I've seen being made by so many traders is being a chain maxi. Innovation doesn't care for your blockchain religious views, nor do people who have no clue what a blockchain is. Ethereum is king but doesn't mean it won't lose market share in certain niches.
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Over the moon to have acquired my 2nd 1/1 from Samantha. Daydream // @samanthacavet . Super happy to have done a joint bid with @DnoTAO @ambrpr_ @nerfpidgey_ - we share a similar conviction in Samantha's vision 💙. LFGO 💫
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Did some carrot shopping this morning 🥕. Very happy to collect a @socmplxd 1/1. This man is going to the top.
💎 Really Fresh Carrot 💎. ✨ Artwork by @socmplxd.💰 Sold to broke0x for 7.16 ETH ($9,211.84). $RARE #CryptoArt #NFT
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Total 3 looks like this + ETH hasn't broken ATHs and PEPE is approaching $10bn already . $100bn sounds silly until it doesn't
The recent surge in PEPE's value is partly attributed to its use as a levered bet on the growth of the Ethereum ecosystem, with traders anticipating the approval of a spot ether exchange-traded fund (ETF) in the U.S. By @shauryamalwa.
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Things have gone a bit quiet from the CloneX front as Azuki is in the limelight - yet you'd be mistaken for regarding this as a lack of progression. Metrics suggest this is the calm before the storm, here's some data to back it up👇
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The 2nd order effects haven't been truly felt yet as we're still lacking any real volume across the NFT market. I'm trying to exercise some foresight here by saying Solana's NFT market share will increase against ETH in the next 12 - 18 months.
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I have never seen a coin so destined for the top 10
$PEPE with another crazy day in volume. $4.6B daily volume (53% of its market cap). More daily volume than $SHIB, $BONK, $WIF, $FLOKI, and $POPCAT combined. PEPE continues to do insane amounts of volume and I do not expect this to change anytime soon. We're going MUCH HIGHER.
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My gut feeling is that many ETH traders may be caught offside when they see the ground that SOL NFTs have made up on ETH. Even if you disagree with my view, I think it's costly to turn a blind eye to it.
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The hype is with Azuki right now, and rightly so, but best not to disregard what @RTFKTstudios is doing with CloneX. Backing them to switch the game up which should level up the whole market. Writing a piece soon.
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I paid 10x the standard going price for a @w_movsum and @iLEOGiVEL piece, in the form of their first collab piece - Dejavu. Have I lost the plot?. I don't know, let's have a look 🧵
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I saw more DeGods/y00ts merch than any other collection - usually donned by fresh-faced individuals in their late teens or early 20s, their target market was clear and buoyant.
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In the middle of researching @Claynosaurz before I decide whether to open a position or not. One thing that's clear already, they've got one hell of a team - unreal.
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Elon is playing 4D chess . He needs people to use Grok . Tempt the biggest cult on X in the form of the PEPE community to generate memes amidst a memecoin cycle . It’s like throwing a bone to a bunch of hungry dogs.
Grok image generation just got a major upgrade.
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I’ve waited a fairly long time on the sidelines for the right entry on @Claynosaurz . Yo @clayno_capital . (Fleshed out thesis coming in a thread soon)
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Once NFTs start going up in price we’ll all realise (again) how much more fun they are to trade than coins . 2021 was a taster - put recency bias aside, it’s happening again and bigger.
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There is an argument that ETH remains the chain for high-priced NFTs, like BAYC, Azuki, DeGods etc. But if we're looking to onboarding retail users with a budget of less than $1k then there's a strong chance that ETH may be overlooked . It's worth making a mental note of this.
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Gm ✨. Seen as I have nothing of value to add today, here’s a lovely cat
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My favourite piece from @DirtyRobotWorks 'Art of Seasons' collection. Happy to be holding a few of these gems
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Gm . This new blue piece (unnamed) from @samanthacavet is 🤌 . Feel blessed to own a 1/1 of hers
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Looking for a sizeable entry in @Claynosaurz this summer. I think $SOL rebounds hard this upcoming cycle - betting on quality projects within that ecosystem could end up being a higher beta play. Clayz fit that criterion perfectly well.
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If Bitcoin is the gold standard for crypto, PEPE must be the gold standard for MEMEs. PEPE is lindy. It has stood the test of time:. - It has gone through threats of extinction.- It has been co-opted by nefarious actors.- It has been used by political figures as a pawn in their
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Gm💫. I took this pic just over 15 months ago while I was in Japan. It was taken a week or so after I'd got the news about FTX rugging me hard, I lost a significant part of my NW. I went to Japan to get away from some personal life shit at the time only for FTX to compound the
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Gm. Bumpy Boy // @BumpyJunkie . 2 years ago, this became my first 1/1 purchase - not looked back since
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So many regard Azuki and CloneX as bastions of the Web3 revolution. Therefore, it's natural that they are compared to each other when people speculate on the first project to dethrone BAYC. As an owner of both, I've decided to let the metrics do the talking, let's take a dive 👇
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Of course, this doesn't rule out other candidates such as Polygon, amongst others. But Solana is the popular secondary choice atm.
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