Huge win for NFTs Strategic long-term investments like this over time will course correct how NFTs as a vehicle of how they are used and perceived We as an industry got too comfortable operating out of mainly speculation and burning out teams and founders for price go up Purchases like these could happen more often as true collectors like Adam and other institutional parties join the playing field which was once dominated by retail I don’t know the nature of the deal but it could includes some form of equity and upside for the collector or purchaser under a purchaser agreement So far when it comes to institutions buying NFTs we have only seen selective purchases from high value blue chips Adam’s decision to make a massive purchase to the overall supply could shock sentiment -> Changing the way NFTs are seen and acquired from institutions looking to diversify, add to their treasury or at a baseline just test the waters Pretty cool to see this happen and would love to hear Adam’s thought process on it sometime
Adam Weitsman
Adam Weitsman5.8. klo 00.09
Today is a special day for me. I’m making a long-term investment in Otherside and acquiring over 5,000 Otherdeeds, Mega Kodas and Weapon Kodas direct from @yugalabs to continue building my collection. I have also committed to making a series of acquisitions on the open market this year. I have recently seen Yuga refocus and prioritize @othersidemeta. There is a lot riding on this project for the whole space and I will do my best to help make it a success for everyone. 🙏
@Rahim_mahtab Likewise the video content is great! Enjoying seeing it on the TL Had this chat with @ThePhunky1 yesterday happy to read your thoughts on it
Phunky (Ryan) 🌎🥩
Phunky (Ryan) 🌎🥩4.8. klo 07.23
Really interesting thoughts here from @AndrewAsksHow As we continue to see the merger of crypto companies and TradFi, this seems like quite a plausible outcome in the next few years Add to this the next gold rush of “tokenize everything,” and equities are a likely first target
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