In our first month of operation, Spencer Ventures has signed 1000+ unique blockchain transactions and purchased several hundred NFTs. We want to thank the community for fumbling your bags to us. Please continue to use us as exit liquidity on your trades 🫡🕺🦉🚀
Proud to share that one of our first moves since announcing the fund is minting 8 mint passes for QQL by
@tylerxhobbs
🫡 they join our NFT art collection alongside letters by
@VinnieHager
and cosmic cuties by
@Jen_Stark
Anyone want to make fun stuff with the Spencer Ventures cosmic
@moonbirds
? It’s CC0 so not that you needed permission, but here’s an invitation to do whatever you want with it :) Thanks
@NYDoorman
and
@Lakoz_
for the inspiration!
the
@moonbirds
community is super creative & in honor of gold nests this week I want to remind y’all that if you WANT to use my bird to make something fun or creative - you CAN bc it’s cc0! Taking after my friend
@Lakoz_
so have it! Just tag me so I can share your work!
Yesterday our founder
@sgsand1
and some
@moonbirds
community members aired concerns about
@openrarity
. Today,
@opensea
made a product change in response to that thread. Here’s how we see our role in the ecosystem as an institutionally backed fund, a 🧵 1/11
Update: Within 24 hours
@opensea
changed "Rank" to "Rarity rank". I also just got off a call with
@kevinrose
and
@divergencearran
from the Proof team. We're on the same page about issues and they are working through solutions. Baby steps, but it's clear the community has a voice.
Happy Gold Nest Day!🥇🪹To celebrate the occasion, we’ve teamed up with
@infiniteobjects
and community favorite
@MarkMograph
to bring you an animated Infinite Object of your very own Moonbird! 🦉
Bought a couple hundred eth today. Never been more bullish on jpegs. Not leveraged, not traded on custodial exchanges. If you need liquidity on NFTs and have interesting deals hmu, my dms are open.
We are very excited to add some grail
@TABZ_NFT
by
@ALIENQUEENNFT
to our portfolio including a 1/1 by
@osf_nft
incredible art! Congrats on the smooth reveal process.
🚨WE'RE HIRING🚨
Spencer Ventures is looking for part-time interns. for the coming year. This will be a compensated position which is ideal for degens currently in college, but is open to dgens of all backgrounds. More information + application in the link in the next tweet.
11/ This is all a grand experiment and we are still discovering what it means to be an NFT fund in web 3. We are proud, and feel grateful that we get to participate in such awesome communities like
@proof_xyz
while we and this space all grow together.
@RomanTirone
@sgsand1
@moonbirds
@kevinrose
@JustinMezzell
Because I’d rather display on my wall/desk a 1/1 art object of my cosmic bird than my naked birds. Even though Moonbirds are CC0, you can’t replicate the custom gif they are making because it’s not publicly available.
3/ Participation: We only do well when the rest of the community also does well because we hold the same assets everyone else does. That’s why we raised an NFT fund instead of a web3 equity fund. We want incentive alignment with the communities we backed.
17/
@sgsand1
, is a partner in a VC called Lofty Ventures where he has over 60 portfolio companies, 70% of which are led by teams with minority and/or female founders. He also has experience as he was a C-suite at 4 startups, 2 of which were venture-backed!
5/ We are comfortable with being openly critical about projects we hold if we think it’s in the best interest of the community over the long run. Sometimes this happens in private, but often we do it in public so that other community members can participate in discourse with us
6/ Support: Most of the support we give founders, teams, and artists we back is proactive. Much like a VC fund, we want to use our knowledge, resources and experience to benefit the projects we back.
4/ We realize that due to our resources and backing, we have a louder than average voice in most communities. Our mission is to use that voice for the good of the community.
@Von_W3b
@SpeculatorArt
I’m working with my auditors to hopefully be able to tweet audited returns out at the end of this quarter, not sure if they will be up for it but agree with your general skepticism.
Our current royalty model is dumb. 0% royalties isn’t the answer. We should charge royalties on gains rather than on sale price. My full rant-economic argument as a🧵
2/ On our website we describe ourselves as: “An NFT token fund that supports and participates in communities rethinking the way we grow digital IP.” But what does this mean…
@rainyreece_
@sgsand1
@pudgypenguins
Pudgies are definitely our best performing trade at size since the fund started ~5 months ago, the best on a % basis was minting Y00ts and selling immediately.