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Andrew Steinwold
@AndrewSteinwold
Investing @Sfermion_ Views are mine. NFA
Chicago
Joined August 2017
Posts
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    This photo from the protests in #Paris so perfectly encapsulates our current world I thought it was staged. #ParisRiots
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    Elon Musk has had more impact on humanity than any other human on earth Change my mind
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    GPT-4 is rumored to be coming soon, sometime between Dec - Feb - GPT-3 has 175 billion parameters - GPT-4 supposedly has 100 trillion parameters It is something like 500x more powerful than GPT-3 What kinda stuff will you be able to create with GPT-4!?
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    Pixelmon's last tweet was 55 days ago They raised ~$70m in an NFT sale
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    Most popular NFT marketplace (OpenSea) has ~200k users Most popular NFT game (Axie) has ~1m users DeFi, which is currently much larger than NFTs, has ~10m users Minecraft, a single game, has ~600m users WE ARE SO EARLY
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    Jeff Bezos on starting Amazon: โ€œI came across the fact that Web usage was growing at 2,300% per year. Iโ€™d never seen or heard of anything that grew that fast, the idea of an online bookstore w/ millions of titles, was very exciting to me NFT trade volume grew 21,000% in 2021
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    FTX down Luna down Celsius down BlockFi down Voyager down Three Arrows down Alameda Research down How the heck are: - Apes @ ~$85k - Clones @ ~$9k - Punks @ ~$80k - Squiggles @ ~$18k And games like Sorare continuing to have +$1m daily volume NFT peeps dgaf
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    Coinbase users 2014 1m 2015 2m 2016 5m 2017 3m 2018 22m 2019 30m 2020 35m 2021 56m OpenSea Users 2018 2,256 2019 13,563 2020 35,894 2021 893,904 How crazy will things get when OpenSea has 5m users? or 10m users? or 50m users!??
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    Pixelmon: - Sold ~8,100 NFTs - At a price of ~3 ETH - Raised ~$70m - Team is anon - We have no idea if they have built a game in the past or what they are capable of building - They have a website - a lot of followers on Twitter - And an active Discord channel
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    Crypto = money of the metaverse NFTs = all the โ€œstuffโ€ in the metaverse DAOs = companies in the metaverse Social tokens = compensating users for their engagement What are some possible new categories that havenโ€™t yet been created? Will there be any or is that it?
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    It's so obvious that NFTs will overtake crypto 99.99% of ppl do not care about: - Staking - Txs per second - Non-sovereign money etc But everyone loves - Visually seeing what we own (vs seeing numbers) - Being a part of a community - Showing off - Collecting - Games - Art etc
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    I see a ton of people shitting on OpenSea I'm an investor so biased but regardless the hate is absurd These are the guys that were busy building & grinding since 2017 back when 99% of people in CRYPTO laughed at NFTs and because they won't launch a token everyone's mad??
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    NFTs literally cannot lose They take human behavior & crank it up to level 1000000 NFTs allow you to: - Socialize - Speculate - Display status - Feel belonging - Emotionally connect AND they are: - Always on (24/7 markets) - Connected to the ultimate social network (internet)
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    1-year performance of tech stocks brutal. looks like crypto