Irish Born Investor's avatar
$16.4m follower assets
Minted my first NFTs today…
I minted my first NFTs today. Which essentially means I was there at the start of a collection and received one in a sort of lottery rather than buying one that I picked.

I found it strangely exciting. I am certainly not that into crypto or NFTs but having experienced this today with a pretty hyped project I can totally see why people get so into it.

There is a lottery/gambling feel to minting an NFT. You don’t know if you’ll end up with a common one or a super rare one. It’s the luck of the draw and I imagine that appeals to a lot of people. And then after the mint you have bragging rights or an NFT that’s worth more than the cost of the mint. Or in another project it would be worthless.

I still have absolutely no interest in discovering more NFT projects. It’s such a hyped and strange space to look at and participate in. Most, if not all of it, is a grift.

However I believe I have watched some interviews and listened to some people who truly believe they are building an ecosystem on Solana or Ethereum or whatever. I have also listened to some used car sales men. The community aspect is really something to behold but ultimately everyone is there to make $. And like everything in life when it comes down to that there is huge risk.

For the record my two NFTs above cost me $140 (3 $SOL). The $SOL was purchased today. One NFT I received as a free mint because I hold a SolGod the other I was on the whitelist and paid the 3 $SOL. I was very tempted to mint another (rush of blood) but I didn’t bother in the end.

The one with the sombrero is “rare”. It ranks in top 10%. The other is “uncommon” on a rarity scale but quite desirable as it is “clean”

That’s all for now with my NFT journey. I currently have my SolGod “staked” it has racked up 1000 $GOD coins. Which currently have no use whatsoever or monetary value.

Yes, I’m still figuring it out. No, this is certainly not investing advice. I am as confused as you are…
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Love the last sentence🤣🤣NFT’s we’re definitely confusing at first, and is only slightly less confusing now. Art like these and Bored Ape Yacht Club I still don’t understand (but I’m 40, not cool apparently). But concert & game tickets, lottery tickets, actual art, and athlete autographs are a few area NFT’s will have significant utility.

Sound like similar mindset to me. I’m learning and want to be there to take advantage of the opportunities when they come, but I realize most are completely worthless as we currently stand. It I do believe blockchain will have quite a revolutionary effect; so I’m going to participate so I’m not clueless when it happens.
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Alberto Wallis's avatar
$8.5m follower assets
Upcoming Earnings Calendar (March 21st-25th)
Two heavy-hitters reporting next week: Nike and Adobe. Really interested in seeing what Nike has to say about supply chains after the recent events. Carnival Cruise and Nio should also be interesting. Full list of companies below.

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Jeff Brown's avatar
$932.3k follower assets
Turns out that was the local bottom.

$FTM +30%
$AVAX +20%
$SOL +20%
$ATOM +20%

Taking profits here, and waiting to see how the dust settles. There’s a good chance we dip again soon, will buy back cheaper.
Jeff Brown's avatar
$932.3k follower assets
$FTM has officially flipped $SOL by TVL.

At this pace, Fantom is on track to surpass $AVAX and is one of the fastest growing ecosystems in the world.
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Never heard of Fantom. I’ll look into it thanks
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Jeff Brown's avatar
$932.3k follower assets
$SOL, $LUNA, and $AVAX have been sold off too aggressively lately. Expecting them to lead on the next bounce as people become risk-on again.

Afterwards, expect the usual rotation into smaller caps like $FTM, $NEAR, $ONE, $MATIC.

Intuitively, I expect big funds are bidding SoLunAvax here because they are high growth assets that are also relatively low risk.

Retail and high net worth individuals more likely to bid alt L1s because they need to capture greater upside and volatility isn’t a concern.
Upcoming Earnings Calendar (Dec. 6th-10th)
Happy Friday everyone! Here is next week's upcoming earnings calendar. I have no position in any of these stocks but there are several that intrigue me:

  • $RH - This company always beats expectations, their management is extremely good, and the valuation (21x Fwd PE) is attractive. A post-earnings sell-off might be a good time to buy.
  • $LULU - $AEO reported strong casual wear sales so Lululemon should also post strong results.
  • $S - I believe cybersecurity stocks will be winners in the coming decade and I want to learn more about the space. The valuation for this one and $CRWD is too high for my liking but hopefully, we'll get good opportunities after the sell-off.
  • $PATH - What this company is doing with automation is very interesting but I don't know enough about it to comment.

Remember, if you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

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Solana | On the Rise
There’s been a lot of discussions lately over the cryptocurrency $SOL, and I think that it’s about time we dive deep. Bitcoin may have started all of the hype around crypto in the first place, but that doesn’t make $BTC the be-all-end-all. The major difference between Bitcoin & Solana is that while Bitcoin utilizes a feature called nLocktime to postdate transactions using a timestamp, Solana utilizes it to postdate transactions with block height. “Block height turns out to be an instance of what's being called a Verifiable Delay Function in cryptography circles. It's a cryptographically secure way to say time has passed. In Solana, we use a far more granular verifiable delay function, a SHA 256 hash chain, to checkpoint the ledger and coordinate consensus.” It’s important to understand this concept as it is the major reason why Solana is able to be secure and process 710,000 transactions per second (tps), while Bitcoin cannot.

Further, a major component of the Solana infrastructure is something called a cluster:

  • “A cluster is a set of computers that work together and can be viewed from the outside as a single system. A Solana cluster is a set of independently owned computers working together (and sometimes against each other) to verify the output of untrusted, user-submitted programs. A Solana cluster can be utilized any time a user wants to preserve an immutable record of events in time or programmatic interpretations of those events.”
  • “A $SOL.X is the name of Solana's native token, which can be passed to nodes in a Solana cluster in exchange for running an on-chain program or validating its output. The system may perform micropayments of fractional SOLs, which are called lamports. They are named in honor of Solana's biggest technical influence, Leslie Lamport. A lamport has a value of 0.000000001 SOL.”

What’s great about Solana is that it really embraces decentralization, and offers people and corporations the opportunity to operate outside of the current mainstream monetary system. While corporations like $FB are buying up $AMD chips and utilizing their data centers to build out the metaverse, decentralized solutions like $SOL, $MANA.X, $FIL.X, $SAND & $AXS are quickly gaining traction, as they present entirely new & novel technological capabilities to the public.

A recent development in Solana’s adoption has been OddKey, a new creator-focused Solana-based NFT marketplace.

  • "OddKey—a tweaked portmanteau of “Todd” and “Aoki,” McFarlane told Decrypt—will be a curated NFT marketplace focused solely on creator-owned properties. No third-party licenses will make the cut, nor will knock-offs, and the co-founders will launch their own collectibles along with welcoming as-yet-unannounced creators from across the entertainment world."
  • "OddKey is powered by Solana’s Metaplex NFT protocol, and Aoki said they chose Solana over competing platforms (such as the leading Ethereum) due to aspects like cheaper fees and much less energy consumption from its proof-of-stake consensus model. With low transaction fees, Aoki said, artists on the platform won’t feel like they have to sell only at high prices."

If you know anything about $ETH, then you know that gas fees are extremely expensive, and have been the major reason why people get frustrated when minting NFTs. Given that $SOL costs so much less, it makes sense why Todd McFarlane & Steve Aoki would collaborate to build a Solana-based NFT platform. Another NFT marketplace, OpenSea, hit $10B in total volume, which means the future is bright for OddKey.

Other news worth mentioning is this recent announcement: "Reddit co-founder Alexis Ohanian and Solana co-founder Raj Gokal collectively announced (at first) a $50 million fund with Solana Ventures to invest in Web 3.0 social media technology today." People are clearly fed up with the current centralized tech powerhouses and are open to trying and funding new technologies.

Whether this is your first time learning about Solana or not, this will surely NOT be your last.
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