One of the LARGEST Crypto Venture Capital firms:
Three Arrows Capital.
They're becoming insolvent.
With potentially $18b under management, this could be catastrophic for Crypto.
Here's a timeline of what's going on and the possible consequences:
↓↓↓↗
I've been investing in crypto for the last 6 years and angels frequently ask me how to evaluate projects. Here are the steps I generally recommend in running a diligence process for an early-stage crypto investment.
*disclaimer: these are my personal views*↗
1/ We’ve all heard the NFT elevator pitch.
-infinite royalties for artists
-ownership for communities
-24/7 marketplaces
-token-gated unlocks
That’s all well and good, but what NFTs do next is going to 🤯 your mind. 🧵↗
20 quotes on Crypto, Web 3, NFTs, and decentralization from Tim Ferriss, Naval Ravikant, and Chris Dixon.
(For those who want a crash course in where the future is heading):↗
Let's explore long term economics of NFT projects.
How do projects go from 0.1 ETH to 5 ETH, back down to 1 ETH then boom to 30 ETH?
How do flippers, hodlers, newbies, hype contribute to different phases of projects and thus effect prices?
Thread 1/↗
ANNOUNCEMENT: I helped a major celebrity buy their first Cryptopunk!
Sunday, Sept 5th. 3am. I am alone in my villa when my phone rings, on the line a dear friend who happens to be a global superstar.
Their question?
What are these NFTs everyone is talking about?!↗
I get lots of dms about where to start reading up on web3/crypto/nfts
the links I send and the accounts I recommend following below: (will keep updating this thread)
rts = wagmi↗
Did I imagine my very 1st purchase of a "useless" jpeg would cost $2m USD?
Absolutely not. It should have been $4m.
Frens, today I share the uncensored tale of how I entered the wild world of NFTs. From 0 to 8 figures in 30 days.
Grab a glass, take a seat, & hold on tight.🍷👇↗
