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canner666 · 3 years ago
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The path to advanced investment for NFT,Madcanner can help you.
Moonbirds, a recent NFT, has been a whirlwind in the circle. This owl-headed project has skyrocketed to 24 ETH as of writing, despite the fact that the launch price (2.5 ETH) was not cheap. This surge is significantly more rapid than nearly any other MadCanner NFT project I’ve seen in the last two years.https://discord.com/invite/Wduk7zNjPM
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Why is it behaving in this manner? What are the underlying narratives, and what do they mean for the community? A Twitter vlogger named swombat provided an excellent commentary.
Today, I’ll share with you what I believe to be the most important portion of this comment, and here is my interpretation of its content.
I’ve been arguing since October that one of the primary functions of NFT avatar-based projects is to finance startups, and that Bored Ape’s founding team, yuga labs, is a pioneer in this space.
Individuals who invest in a project do so because they believe in the vision, philosophy, and commitment of the team behind it. They are essentially investing in the team’s business. As a result, the team raises capital and investors invest.
Traditionally, a team will issue shares and investors will purchase them. However, the advent of the NFT makes it possible and feasible to raise capital via the NFT rather than stock, and the NFT not only performs the same function as stock in terms of financing, but also provides additional benefits to the project team beyond financing: it is more creative and, if successful, provides a more direct return to the initial investors.
In the industry, there has been both opposition and support for NFT. The central point of contention between these two viewpoints is its liquidity, which is a two-edged sword. However, I appreciate it. The vision, roadmap, and other elements that the NFT project team touted during its financing round are a carbon copy of the Silicon Valley model: “invest in everything and see which one produces a miracle,” but NFT globalizes that model and removes it from the hands of Silicon Valley’s elite.MadCanner NFT project
Another significant advantage of NFT is that it democratizes the investment process, in contrast to the traditional investment approach, which restricts participation to venture capitalists and institutional investors.
It not only raises funds for the team, but also quickly brings a startup and a vibrant community to the team.
Bored Ape is the pioneer in this field. The project’s success was made possible by its excellent release timing and near-perfect execution. And the project’s success established the viability of the NFT financing model.
Since then, hundreds of imitators have emerged, largely following Bored Ape’s model. I do not mean this in a disparaging manner. This is not to disparage these imitators; rather, I believe it is a very prudent move: there is nothing wrong with following in the footsteps of the successful.MadCanner NFT project
However, during this process, I discovered a potential issue: despite their noble intentions and visions, and despite their valiant efforts, the majority of teams behind NFT projects are poor executors, which results in many NFT projects being short-lived and lacking in success.
Having competent and experienced executives on the startup team is critical to its success.
Let us now discuss how NFT is financed.
When I discuss fundraising via NFT, there is always concern that the SEC (note: in this case, the SEC) will become involved. Is it going to be the end of this model? Because these NFTs are essentially what the SEC refers to as “securities.”
If that is the case, why are we not simply admitting the truth?MadCanner NFT project
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That is the magnificence of Moonbirds.
Kevin and Ryan (note: Moonbird team members) are extremely candid about the fact that they are using NFTs to raise money; unlike many NFT teams who hide behind the claim that they are issuing NFTs to “sell digital art,” they are using NFTs to raise money for their product.
They’ve almost certainly consulted with a number of lawyers and thoroughly studied the securities laws to ensure that the SEC will miss the NFT offering.
As a result, I have no reason to fear that they will be singled out by the SEC.
The Boring Ape team began in a gray area: they did not explicitly state why you were purchasing my NFT; but the Moonbird team stated plainly: you purchase my NFT, and if I am successful in the future, I will reward you.
Kevin and Ryan have a long history of establishing a name for themselves in traditional entrepreneurial circles. Thus, Moonbird’s offering demonstrates unequivocally that traditional entrepreneurs with extensive business experience are perfectly capable of starting a business without the assistance of venture capital and financing it through non-traditional financing.
They set an example for all traditional entrepreneurs: rather than viewing NFT offerings as a scam, a pyramid scheme, or a so-called “digital art sale,” they will see them as a novel and viable method of capital raising.
The door to financing via NFT is now completely open to traditional entrepreneurs, and this is the watershed moment for the entire industry that Moonbird represents.MadCanner NFT project
In the future, a large number of established businesses or entrepreneurs will enter NFT and raise capital in this manner. This means that in the future, this field will see an influx of more qualified and experienced entrepreneurs. On the one hand, this will increase competition in this field, but on the other hand, it will provide investors with more opportunities to invest in worthwhile projects.
The preceding is my compilation and interpretation.
Along with the foregoing, I believe Moonbird ushers in another significant change: ordinary retail investors will no longer be able to earn high returns through NFT investment. The myth of boring apes being available for 0.08 ETH will vanish in the NFT space.
I’m not saying that investing in NFT will yield no returns in the future; I believe that returns will remain significant, but the investment threshold will be extremely high, so high that the average investor will be unable to participate. Even if ordinary investors see significant returns, it is difficult for them to reach the high threshold.MadCanner NFT project
How many small investors can afford Moonbird’s 2.5 ETH investment minimum? What happens if the project does not succeed after investment? Ordinary retail investors may struggle to bear this risk.
As a result of Moonbird’s demonstration, I believe that even if there are low-cost projects in the future, it is estimated that many of them will be solely for the purpose of capturing money, making it more difficult for ordinary investors to distinguish between good and bad projects. And, I’m afraid, the better project offer price is not inexpensive, which has weeded out a sizable number of ordinary investors.
The NFT’s “small capital rich” era has come to an end.https://discord.com/invite/Wduk7zNjPM
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