1/ Utility META: Inside vs Outside Ecosystem Investments
Since February the market has changed a lot and the vast majority of successful projects are tools, DeFi and other projects with real utility, however, there are some points to be considered🧵
#NFT #SOL #Solana #SolanaNFT
2/ Inside Ecosystem Investments
This means projects are strictly dependent on the NFT market to be successful, some of these utility investments include:
ᐅ Launchpads
ᐅ Escrow
ᐅ Lending protocols to NFTs
ᐅ Marketplaces
ᐅ Organization Tools
ᐅ Alpha Groups
and others
3/ Inside Ecosystem - Questions
In these cases, you need to ask yourself if you truly believe in NFT market.
If you don't believe this, your assumptions reflect that these products do not solve a future need, and therefore you believe they will become worthless projects.
4/ Outside Ecosystem
This means projects that deliver goods and services are not strictly dependent on the NFT market to be successful
In these cases you always have to reflect:
ᐅ The valuation you are paying makes sense
ᐅ Why the project is launching an NFT vs VC/IDO money
5/ Outside Ecosystem
I am personally super interested in Outside Ecosystem projects that's why you have seen me talking about:
ᐅ @888anonclub
since day 1
ᐅ @JinkouNFT with 30 discord members
ᐅ @AncoraPay with 100 discord members
ᐅ @HawksightCo in January
6/ Final thoughts
In my case, I believe in the market however I still see a lot of pain in front, therefore, I am looking to be peaky on the insider ecosystem and being more aggressive in searching for outside ones, and investing depending on valuation, product-market fit. [...]
[...]
Outside ecosystem investments in my opinion end up being much more complicated to evaluate and you need to view it more as VC.
Please stay safe. Enjoy your day!
7/ Investing Framework
twitter.com/permissionlesol/status/1486365315080536064?s=20&t=-jEI9OANs07BhfN45bEtAg