Don't be afraid to let the imagination wander!
1/ Yesterday I pushed out a report covering the various angles of growth observed across the NFT ecosystem.
2020 was a monumental year for NFTs, and the stage is well and truly set for another record-setting year in
Don't be afraid to let the imagination wander!
💰Largely driven by 4 major categories:
- Crypto Art (>$20M)
- Crypto Sandboxes/Virtual Worlds (>$16M)
- Video Games (>$15M)
- Collectibles ($16M)
Interestingly, we see that throughout the year the amount of NFTs sold per month declined whilst average sale price went up.
Meanwhile, there's maturing financial infrastructure for things like fractionalization, indexing, and lend/borrow activity.
We expect this trend to continue as in the long run, not all users will be happy to mix focus and governance cross-category.
This is perhaps attributable to the clear value propositions toboth collectors and creators, alongisde fewer scalability concerns.
Their pipeline seems as full as ever with @JustinRoiland next Tuesday!
Eager to see if other exchanges do similar.
https://t.co/ww4YeI3Oz0
1/ Today I pushed out a note to @Delphi_Digital subscribers covering the monumental milestone that this past weekend marked for #cryptoart with @beeple's @niftygateway drop. https://t.co/amkBmYiwsA
— Piers Kicks \U0001f9e0\U0001f50c (@pierskicks) December 14, 2020
The projects remain largely distinguised by community and aesthetics rather than stand out feature sets.
https://t.co/OS7JbgtZm6
1/25 Today I touched upon the recent Roblox S-1 filing as it relates to the nascent blockchain-based virtual worlds or Crypto Sandboxes as I like to call them.
— Piers Kicks \U0001f9e0\U0001f50c (@pierskicks) November 23, 2020
The @Roblox IPO is a landmark event and represents the first pure, public Metaverse play.https://t.co/BDeqgXj17R
- New biz models unlocked
- Higher ARPUs than traditional game industry
- 700K game assets sold in 2020
- Axie grew users 11.6x
- Play to Earn exploding in emerging markets
New tools to:
- Bootstrap adoption
- Promote loyalty
- Enable community governance
@flow_blockchain's flagship NBA title did more secondary market volume in its first year than the Top 10 WAX projects combined.
More brands and IP in 2021.
Competing chains risk undermining the "universal digital representation layer" concept.
Time will tell.
DeFi brings NFTs additional utility and financial infrastructure, NFTs will bring DeFi a universe of collateral including real-world assets.
https://t.co/VucgPZ75MW
1/ In yesterday's note, I covered the DeFi <> NFT symbiosis and explored how the two are mutually beneficial.
— Piers Kicks \U0001f9e0\U0001f50c (@pierskicks) January 7, 2021
The 2020 DeFi summer drove gas fees to intolerable levels for many NFT activities. Whilst it seemed like a curse, it may have been a blessing...https://t.co/pDlZYN8P3k
If you're not yet subbed to Delphi Digital you're missing out.
Get ahead of the game.
https://t.co/lpSYz47S7o
More from Finance
THREAD: Who are the rising stars of Chinese elite politics in the central Party-State bureaucracy?
For @MacroPoloChina I analyzed last year's ministerial-level promotions to posts in Beijing
TLDR: Ties to Xi Jinping—or a Xi ally—are very helpful! (1/14)
https://t.co/kO2A0Efyq2
Seven politicians were promoted to ministerial-level positions in central Party agencies last year
All are likely to feature on the next Central Committee selected at the 2022 Party Congress
Some could make the CCP's elite 25-person Politburo (2/14)
https://t.co/kO2A0Efyq2
Likeliest for the Politburo is Meng Xiangfeng, new Executive Deputy Director of the CCP General Office
He would replace Xi ally Ding Xuexiang as CCP chief-of-staff if Ding is promoted further in 2022
Meng worked under Xi allies Cai Qi in Hangzhou and Chen Xi in Liaoning (3/14)
Less likely for the Politburo but still important is Jiang Jinquan, new Director of the CCP Policy Research Office
He replaces 5th-ranked leader Wang Huning who led the Party's brains trust for 18 years
Wang remains prominent and will be <68 in 2022, so he'll stay around (4/14)
Other notable central Party promotions include Li Shulei and Liang Yanshun, who both assisted Xi when he led the Central Party School from 2007-2012
Li is a political conservative who is said to be quite close with Xi, even drafting his 2014 speech on culture and art (5/14)
For @MacroPoloChina I analyzed last year's ministerial-level promotions to posts in Beijing
TLDR: Ties to Xi Jinping—or a Xi ally—are very helpful! (1/14)
https://t.co/kO2A0Efyq2
Seven politicians were promoted to ministerial-level positions in central Party agencies last year
All are likely to feature on the next Central Committee selected at the 2022 Party Congress
Some could make the CCP's elite 25-person Politburo (2/14)
https://t.co/kO2A0Efyq2
Likeliest for the Politburo is Meng Xiangfeng, new Executive Deputy Director of the CCP General Office
He would replace Xi ally Ding Xuexiang as CCP chief-of-staff if Ding is promoted further in 2022
Meng worked under Xi allies Cai Qi in Hangzhou and Chen Xi in Liaoning (3/14)
Less likely for the Politburo but still important is Jiang Jinquan, new Director of the CCP Policy Research Office
He replaces 5th-ranked leader Wang Huning who led the Party's brains trust for 18 years
Wang remains prominent and will be <68 in 2022, so he'll stay around (4/14)
Other notable central Party promotions include Li Shulei and Liang Yanshun, who both assisted Xi when he led the Central Party School from 2007-2012
Li is a political conservative who is said to be quite close with Xi, even drafting his 2014 speech on culture and art (5/14)