nft - Crypto Fridays

NFT 101 (and how to flip)

Non-fungible Tokens

A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.^[1] Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from most cryptocurrencies, such as Bitcoin, which are fungible.

Great primer video

Disclaimer

Key Concepts

Exponential Growth Cycles
- Bitcoin graph, Zoom in and out
  - https://www.tradingview.com/chart/KeOHIHUs/
- Log vs Linear
Investment Timescale vs. Risk Profile
- Thinking ONLY 1 step ahead
Trends
- 10k PFPs
  - https://opensea.io/collection/boredapeyachtclub
- First
  - P2E, 3D PFP, Metaverse, X2E
Finding a consistent, repeatable strategy
- What is your edge?
Macro trend consideration
- https://alternative.me/crypto/fear-and-greed-index/

Strategies

Develop your own Collection Checklist, Use Research Tools
- https://medium.datadriveninvestor.com/the-top-7-nft-evaluation-tools-that-you-need-to-use-9776d5b436d2
Whitelist Farming
Whale Watching
Below Floor Sniping or Arbitrage
- https://www.gem.xyz/

IRL Case Study

Cool Cats – Insider Tip
Sappy Seals – Founding Team
World of Women – Macro Trend
Clementine’s Nightmare – Whitelist

MISC

Project Discovery
Floor Sweeping
Rarity Checking
Listing Strategy
Factoring in Gas

Other chains than ETH

More resources:

Crypto Cliff Notes https://thedailyape.notion.site/thedailyape/The-Daily-Ape-c96c0b6727c0433a962e897ef43efb7e

Contact Alex

IG & Twitter: @taodynasty

Telegram: @att430