⌚ Minted 3 fractions (giving one away)
Buying more NFT memberships, NFT floor gap strategy, buying fractions of a Rolex & Yahoo's new Collectibles index
Hey there, in this week’s Alts by Flippa newsletter I discuss:
Buying more NFT memberships for NFT tools
NFT floor gap strategy
Buying fractions of a Rolex in Koia’s first drop (and giving one away)
Yahoo’s new Collectibles Index
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
Having come out of the Handshake domain rabbit hole (last two newsletters on decentralized websites and decentralized domains) my focus is now again on NFTs.
I find it far easier to make analytical decisions on whether to buy an NFT vs looking at charts and making risk-reward bets on cryptos based on momentum indicators.
So much so that I’m thinking of killing the #crypto channel in the Discord. With cryptocurrencies (fungible tokens) people can get caught up pumping their own bags and biases (often without realizing it). I'm certainly done talking about whether I'm buying (or selling) any particular coins in this newsletter. In fact, people will often say when they bought a token, but rarely tell you when they've exited. With NFTs, any new ones I'm buying going forward can be found at lazy.com/patey (nope I don't own lazy.com, Mark Cuban does, I own the .lazy TLD!)
Over the last week, I bought the premium membership NFT of WGMI, by Thomas Mancini, which is amazing for spotting floor gaps, such as this one that appeared yesterday for the evil eye trait of the Lazy Lions :
What this means is that you could have bought the lion on the left for 3.5ETH and immediately listed it at 5.99ETH to be the floor trait for a potential 2.49ETH profit ($8K USD at today’s ETH price) if someone wanted one.
In fact this is partly what I did yesterday buying a straw beach hat trait, where there was a 0.2ETH gap. But mainly because I noticed just how much less this hat with lazy on is valued vs the top tier ‘LAZY hat’ trait (of which there is currently a 0.7ETH gap but you’d have to pony up 4.6ETH to get there).
Say what? Let me explain.
With Mutant Apes the floors of M1 black hats and red hats (which I previously owned) which have the MAYC logo on them are valued similarly at 31ETH and 28ETH respectively.
With the Lazy Lions, there are 255 LAZY hats and 306 beach hats but there is a 2.5x premium in price:
Spotting this was enough of a reason for me to pick up the one shown below, but also it’s better marketing for my lazy domains to have lazy in the name!
This is actually the 5th Lazy Lion I’ve bought, having sold 4 others. Yup, I’m down to one lion now as need liquidity for the moonbirds drop next week which I’m super excited about (mentioned in last week’s newsletter).
Talking of drops I’ve also just bought the Premint Collector Pass NFT, created by Brenden Mulligan, the founder of Premint, who states:
The primary utility of the collector pass is to get access to the collector side of the premium software, however I want to do a lot more than that. My ultimate goal is for this mint price to seem like a joke compared to the value that you get over time.
This gets me access to a private newsletter that will let me know of upcoming lists to join, and the ability to see metrics of all public mints.
And talking of mints, we now know the public mint of Veefriends V2 will be on the 25th of this month:
#fractional
I was fortunate to get in on the whitelist for Koia’s first drop earlier this week. They fractionalized a Rolex GMT-Master II Pepsi (bought for $27,500) using NFTs.
And looking at the asset on Opensea it looks as if they have sold 50% ownership of the watch already.
The NFT designs of the individual fractions will be revealed for this coming Monday, some will have more rarity so will be interesting to see if some fractions of an asset can trade at a premium. It also just adds to the excitement.
I bought 3 fractions and am giving one away to a member of the Discord - just sign up and head to the #fractional channel and react to the pinned tweet for a chance to win.
Also in the news, Yahoo launched a Collectables index which is based on 11 different asset classes each with their own components:
One is memorabilia and it’s super interesting to see what’s inside, such as a 1986 Macintosh Plus (which I used at school) signed by Steve Jobs which has a $180K market cap on RallyRd as well as a 1979 Kenner Star Wars Millenium Falcon at a $60K market cap.
Talking about Kenner toys, SoCal Investor on twitter revealed that alts.co just bought a Darth Vader toy for their fund:
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.
And come join the discord where we discuss:
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.
Love the Straw Beach Hat addition:) I wonder what they paid for Darth Vader. You can pick one up on ebay for $5k.