Think and Invest like a NFT Fund – Richard Chen, GP of 1confirmation, Ep. 190 (with video)
Back in 2018, Richard saw Opensea’s potential as one of the earliest investors – despite its measly yearly volume of $475k.
In 2021, OpenSea became the largest NFT marketplace and facilitated $15 billion in volume, a 31,578x increase,
In this episode, Richard shares with us:
– Is the NFT market a bubble?
– Is it possible to value NFTs like with DeFi protocols?
– How to identify “Blue-Chip” NFTs?
Host: Jason Choi @mrjasonchoi . Not financial advice.
———— Timestamps ————-
00:00 – Intro to Podcast
1:22 – Basket of Blue-Chip NFTs
3:22 – State of NFT Market
5:27 – Richard’s Favourite NFT Collection
7:00 – Importance of Community Building
8:59 – Valuation of NFTs vs DeFi Protocols
12:46 – How to Identify Blue-Chip NFTs
16:30 – Opensea vs LooksRare and other Community-Forks
22:14 – Different NFT Niches & Marketplaces
25:45 – NFTs and Chains they’re Minted on
28:52 – Music NFT Vertical
34:05 – DeFi Rails in NFTs
35:30 – Underserved Vertical in NFT Space
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———— More Resources ————-
Richard Chen’s Twitter –
Chris Dixon – Strong & Weak Technologies:
Richard Chen – How to get exposure to bluechip NFTs without being a whale –
———— Disclosures ————-
Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries
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