🚙 Buying NFTs for their utility
That emoji is a Sport Utility Vehicle in case you were wondering
Hey there, in this week’s Alts by Flippa newsletter I discuss:
Premint NFT is pamping
MEE6 Avatars NFT is minting
VaynerSports Pass NFT is benefiting
PokerGO Genesis NFT is announcing
Whether you should buy crypto domains as a business
Remember, every heading in this newsletter is a channel in the Discord - come join over 900 of us.
Richard Patey, Director, Investor Community at Flippa
#NFTs
The Premint Collectors Pass I mentioned in last week’s newsletter has had an amazing week, going from 0.4ETH to now over 1.5TH. This paper gain has paid for this week’s purchases…
🤖 MEE6 just launched their NFT Avatars and I bought the Pre-Reveal Token and overpaid before the private mint so could get the OG role in their Discord for unlimited access to lifetime premium and pro memberships.
The MEE6 Avataar NFT gives access to an exclusive club of web3 server owners share knowledge, along with early access to their forthcoming NFT & Crypto MEE6 Plugins such as a cross-server giveaways & collabs plugin which I’ll be using.
Indeed, we use the MEE6 for the verification in our Discord, where new people have to react with the checkmark below to gain access:
In fact it powers some of the biggest Discord communities such as Veefriends with over 340K members:
MEE6 the product also enables you to set up paid memberships:
It charges just 5% vs Patreon (which I use to pay creators such as the Invest Like a Boss podcast) which charges 8%.
And next on their roadmap (that the NFT unlocks) is the MEE6 Community Token Platform, allowing any community to create and sell fungible and non-fungible tokens to their members in exchange for exclusive benefits.
Their white paper notion site states:
By buying community tokens, members are not just consumers anymore but become real investors in the community. Due to the scarce nature of those tokens, as a community becomes more popular the price of the tokens can significantly increase, making the early investors’ tokens more valuable and rewarding them for helping the community grow.
In 2022, we’ll release the MEE6 community token platform → Any community owner will be able to create tokens and link them to exclusive benefits in minutes.
Community owners will be able to create ERC-20 tokens and NFTs and sell them to their members. Members will then be able to buy those tokens in exchange of exclusive benefits in the community: access to private channels, telegram / whatsapp groups, exclusive content, events — all seamlessly handled and integrated by MEE6.
What this basically means is there will no longer be a need to use 3rd party tools such as Collabland for role verification, or Coinvise for social token creation & management.
🦉 The Moonbirds NFT project, by Kevin Rose, had decided to move from doing a dutch auction to a raffle. This was due to the crazy amount of ETH that was spent/burned by the community trying to mint the VaynerSports Pass (more on that below).
It’s using the Premint platform (mentioned above) and I find out on Friday if I have won the chance to mint:
🏟️ I bought a VaynerSports Pass (run by AJ Vaynerchuk, Gary Vee’s brother) which is a utility pass that offers members-only livestreams, physical & digital experiences, and tickets to sporting events with their stable of athletes.
I made sure I bought a pass with MMA on as I’m a fan of the UFC and they represent athletes such as Sean O'Malley.
The pass is already getting me access to a free mint by Micah Johnson who is a former MLB baseball player and the creator of Aku (already at a 0.8ETH floor for the mint pass / pre-reveal).
And talking of Gary, Veefriends just announced that their V2 will mint at 0.335 ETH on 25th April.
🗻 I bought a Kureiji Nft after seeing them quickly mint out and the price drop from 0.15ETH to 0.05ETH. For me personally (NFA) this is a solid risk to reward bet if it can turn around and benefit from the popularity of Azuki (interesting write-up in Forbes).
♠️ The PokerGO Genesis NFT was just announced which will be a utility NFT offering free subscriptions (I’m a paying PokerGo customer), along with access to events and merch. PokerGo is partnering with NFT Stadium and Sam Simmons, Consulting Chief Strategy Officer of NFT Stadium, former President of PokerGO states:
Partnering with PokerGO for NFT Stadium's debut partner collection launch was an easy decision as PokerGO fans and subscribers have proven to be the most engaged and passionate of any gaming content enterprise.
This is such a no-brainer mint for me as a poker player and fan.
💵 JPEG.CASH by Neptune is an awesome tool to calculate your NFT profit or loss. You can even download all your transactions (including gas) to CSV / Excel. Check it out
#domains
This tweet caught my eye as I’ve been debating whether it’s better for me to put crypto activities through my company vs personal capital gains:
I’m in the UK and right now I think it’s way more simple and cleaner with HMRC to just do everything crypto / NFTs personally and pay capital gains. If through a company, you pay the same level of (corporation) tax but then have to pay personal income tax if you want to put anything in your pocket. Would be interested to hear your thoughts in the Discord.
#newsletters
And finally, if you got sent last week’s newsletter twice, Substack explains below!
We have found and fixed two separate technical issues, one on April 8 and another on April 9, that resulted in some posts being sent twice to subscribers. We truly apologize for any frustration this situation has caused. We will be conducting an extensive investigation over the coming week to make sure that this does not happen again. Thanks for understanding and again, we are sorry.
Ok that’s it for this week. If you’re reading this on the web and you’re not yet subscribed just hit the button below.
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Alts by Flippa is owned by Flippa. Nothing in this email is financial advice and we are not professional investment advisers. We send weekly updates on what we're doing personally - consider it informational and for entertainment purposes only.