NFT Investing Work Group
Outline
Course Overview
Intro: What’s an NFT?
Intro: Who’s investing in NFTs?
Strategies & Tactics
Categories
DD & Metrics
Outcomes
Intro
- What’s an NFT?
- Who’s investing in NFTs?
- list some numbers
Strategies & Tactics
Strategy Types
Categories
- Strategies A, B, and C are more objective
- the brand and the art may be more important
- utility may hold more bearing on the direction of a project
- e.g. Gary Vee kept tweeting on the value of Gift Goat through it’s utility (get a gift)
- Strategy D is more subjective - more about the metrics
- A & B most desirable
- A - Private/seed investing + Team Building
- potentially more profitable but takes more time
- more active
- methods
- building a team (mention Pixel Vault)
- connecting talent
- Team Roles
- Developer
- differences
- requirements
- must have contacts
- B - Blue Chip Investing
- more passive
- tried and true methods
- requirements
- must have money but no need for contacts
- should know influencers
- How do categories affect strategies
- the strategy may determine what category to invest in
- What is flipping and why it’s not desirable for VCs
- How to execute DD points (tactical element of the Metric finding)
- Embedding someone into the project
- hiring data analysts
- kinds of analysts will depend on strategy
- are you analysing a brand?
- are you analysing a gaming platform?
- how to evaluate team
- join discord
- responsiveness
- Investment Tools
General structure of VC means a lockup of funds
marketed returns is 4x money (for VC approach)
for individuals you may take more of an active / flipping approach
targeted returns: 2-4x in 2 day period
not applicable to VC because you can’t move that amount of money
more money you have under management the more difficult it is to deploy
Processes
- how to manage product deployment using existing staff
- team alignment and vision
- vision - how enterprise is positioned, what are values / pitch statement / tag lines
- branding, identity, font etc.
- what is the product and how to leverage
- Iterate on these processes
Processes Slide
DD & Metrics
From investor’s perspective: why is a project doing well?
- Community
- are PFP projects limited in their scope?
- how do they evolve?
- 10k PFP was set by Punks + determines traits
- the most popular traits have been included in other projects (aped)
- Team
- Roadmap
- a lot of similarities in current roadmaps because the market is so young
- Doodles (ex-larva labs) always want to be on the bleeding edge
- Art
- Utility
- Extras
- What are the DD points?
- When doing DD
- What is the value-add?
- What are the high level differentiators of the project?
- Range of metrics for each project
- these can become automated
- offer multiple levels of complexity for metrics
- high level / deeper dive
- what is time required to get to achieve these?
- Storage / Immutability / Smart Contract Audits etc.
- Liquidity / Volume
- what are daily or weekly number around volume
- Is there a token?
Outcomes
- exit strategy
- don’t get married to your investment
- if you are running a flipping strategy you may become married to your artwork
- maybe hold on to the rarer ones
- Risk adjusted return
- general risks
- when weighing up risks - how do I think it will do compared to how much I’m able to risk
- finding new potential investments
Topics
NFT Investment
Safety in NFT Projects
How to run DD on an NFT project
- addamsson.eth has an excel file with research data on 20-30 projects
- what things to look out for that correlate with success or failure
Work Group Members
General Notes
Resources & Links
Carley Riley has Overpriced Jpgs Podcast
Interested Learners
| Handle | Notes |
| welovecolors | I am helping an artist get into NFT space and would like to learn more. We have an NFT / art investor we are scheduling a call with. Any tips going into that are welcome. |
| dippudo | ㅤ |
Attendees
Work Group Session 1
Work Group Session 2
Marketing the Course
| Crypto Bushi#7859 | ㅤ |
| ㅤ | ㅤ |
| ㅤ | ㅤ |
What to avoid?