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One of Frank’s wallets sold a handful of DeGods. According to the Discord, a trading wallet of his was compromised.
One of Frank’s wallets sold a handful of DeGods. From the Discord, it looks like a trading wallet of his was compromised.
My view on the punks IP:
1) The IP is almost impossible to monetize. So I don't see how anyone would pay much for it. Even $20mn feels like a hefty sum for something that will be unlikely to generate much return.
2) Talking about Yuga's acquisition of the IP at a higher price, without acknowledging that they also got around 420 punks (at a time when the floor was above $200k), is missing a lot of the transaction.
3) Yuga got lambasted by the crypto community almost anytime they did antyhing more than a book or a brunch with the punks IP, neither of which were profitable for them. Just reenforcing the idea that it's not IP that's easy to monetize.
4) They kept 414 of their punks. So the bulk of the value for them is in watching the punks price rise. They had to pick someone they thought would be good for prices overall.
5) Anyone who's raised money or done deals knows one rule very clearly: people saying they would buy something and people actually writing checks are extremely different matters. Who knows what real offers were out there, especially given the low value of the IP.
6) Given the criticism they received as a corporate owning something people wanted held by a non-profit or community, this buyer makes the most sense.
1) The IP is almost impossible to monetize. So I don't see how anyone would pay much for it. Even $20mn feels like a hefty sum for something that will be unlikely to generate much return.
2) Talking about Yuga's acquisition of the IP at a higher price, without acknowledging that they also got around 420 punks (at a time when the floor was above $200k), is missing a lot of the transaction.
3) Yuga got lambasted by the crypto community almost anytime they did antyhing more than a book or a brunch with the punks IP, neither of which were profitable for them. Just reenforcing the idea that it's not IP that's easy to monetize.
4) They kept 414 of their punks. So the bulk of the value for them is in watching the punks price rise. They had to pick someone they thought would be good for prices overall.
5) Anyone who's raised money or done deals knows one rule very clearly: people saying they would buy something and people actually writing checks are extremely different matters. Who knows what real offers were out there, especially given the low value of the IP.
6) Given the criticism they received as a corporate owning something people wanted held by a non-profit or community, this buyer makes the most sense.
Luca says he would have bought punks for $75mn
Today @refikanadol sold out his project "Biome Lumina" in 25 minutes. Each of the 1000 pieces cost $5k, generating $5mn. Each mint also comes with a physical 22"x44" print.
Congrats to Refik and the collectors.
Congrats to Refik and the collectors.
12 punk sales following the acquisition announcement. Not a crazy whiplash, but a nice, steady flow of buys.
Punks founders Matt & John + Gordon Goner + SnowFro. Can't think of a better group of people to be on the advisory board for punks.
On Coinbase being added to the S&P 500:
1) To be in the S&P 500 you have to be profitable for a quarter and a full year, so it's no small feat.
2) The S&P 500 wants representation from the full economy, so this is a clear statement that crypto is part of the economy.
3) Other criteria ($18bn market cap, US-based, public float of 10%+) were quite easy
Overall, a pretty big statement for crypto imo.
1) To be in the S&P 500 you have to be profitable for a quarter and a full year, so it's no small feat.
2) The S&P 500 wants representation from the full economy, so this is a clear statement that crypto is part of the economy.
3) Other criteria ($18bn market cap, US-based, public float of 10%+) were quite easy
Overall, a pretty big statement for crypto imo.
Things you hate to see. These ringers all stolen and sold into WETH bids for a combined near 100 ETH.
The red background is a particular grail. It has been relisted for 40 ETH.
The red background is a particular grail. It has been relisted for 40 ETH.
v1 punks are having a bit of a catch-up day, with the floor up 25% to 2.47, including this 3D pigtails which sold for 3.4 WETH (free)
Frank announces he is stepping down as DeGods.
Floor price for DeGods jumps about 10% to 0.55 ETH, but the move is small relative to where DeGods have been over the past couple of years.
Floor price for DeGods jumps about 10% to 0.55 ETH, but the move is small relative to where DeGods have been over the past couple of years.
Frank announces he is stepping down as DeGods CEO.
Floor price for DeGods jumps about 10% to 0.55 ETH, but the move is small relative to where DeGods have been over the past couple of years.
Floor price for DeGods jumps about 10% to 0.55 ETH, but the move is small relative to where DeGods have been over the past couple of years.
10 new punk sales in the past 24 hours, including a massive pigtail punk sale for 81 ETH ($202k).
David Bailey announces a new BTC holding company which will merge with micro-cap KDLY to buy BTC, funded by debt and equity.
The KDLY stock is up 500% on the news.
Given how easy it is to buy BTC and how easy it appears to be to issue a holding company, I can't see a world where these continue to trade at a premium to NAV.
A discount to NAV feels much more likely, sooner than later, which basically defeats the purpose of them.
Everyone is trying to cash in on the Saylor premium. I just can't see that premium lasting given how easy it is to create more supply.
The KDLY stock is up 500% on the news.
Given how easy it is to buy BTC and how easy it appears to be to issue a holding company, I can't see a world where these continue to trade at a premium to NAV.
A discount to NAV feels much more likely, sooner than later, which basically defeats the purpose of them.
Everyone is trying to cash in on the Saylor premium. I just can't see that premium lasting given how easy it is to create more supply.
Hot damn ETH had a lot of pent-up energy. We’re getting close to where I send that thank you card to Eric Trump.
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