Conversation
Replying to
Tldr: A thoughtful conversation on how to approach investing in nft's both for individuals and professional investors and more
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Background
-Partner at
-Invested in major platforms like opensea early on and superare
-Invests in blue chip nfts
-spends most time on crypto art subsector
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How to get started in Nft's?
-Start with open edition in NiftyGateway
-then move on to 1/1 editions by other artists
-checkout cryptoart.io to find the metrics about the artist and find the undervalued artist
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How to approach investing in nft's?
-Investing in culture
-Its more of being part of a talent agency and you have to find the upcoming talents and invest in them
-less risky way :- Invest in blue chips
-for better upside find undervalued artist and invest in their work
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How to value nft's?
-Quantify the popularity of the artist
-Work from artist with 200k instagram followers is more valuable than one with less followers
-Valuation is relative , compare one artist with another in the same genre
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-The value of a particular art will also depend up the value of art around it
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Role of centralised marketplaces and curation
-Curation is very much needed in art
-For new artist just start with opensea
-Big brand artist can setup their own platform to sell and own the user experience
-Collectors still like to go to a curated marketplace
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Interesting questions that was asked by
1) Next big things in nft
-Valuable ip nfts that could be brought onchain
eg: Nba Topshots
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2) Basket of bluechip nfts vs Defi token for the next 3-5 years?
- Blue chip nfts has more upside compared to Defi tokens which has already matured a lot compared to mid 2020
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3) Investing in picks and shovels of nfts is better than blue chips?
-Investing in picks and shovels is hard as a vc because it might be winner take all market and you have to choose the right one
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4) Are nft collectors crypto natives or outside people also?
-Mainly crypto natives with a lot of eth
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5) Categorise Nft's
-Digital Art
-Collectables (Punks , bayc )
-Virtual World (Decentraland )
-Ip Nft's
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Websites mentions
opensea.io
cryptoart.io
niftygateway.com
superrare.com
dune.xyz (Helped him to make the investment decision in superare)
nftx.io
Thank you :)
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