💰 Can fractionalization make you rich? We break it down.

August 18, 2022

Seedphrase Daily 👋 We do all the work so you can get your daily crypto dose and move on with your day.

Let's Start with a Meme to get the Good Mojo Going.

  • 📝 JP Morgan's analysis on Coinbase.

  • 🙌 How Normal People Can be apart of the Bored Ape Yacht Club.

  • 💰 Bored Ape Sold for 777Ξ.

📝 JP Morgan's analysis on Coinbase

The analyst for one of the biggest asset management firms has given his thoughts on the role Coinbase will play during the merge.

Here's the important stuff, so you don't have to dig. 👇

  • Coinbase will benefit from the ETH marge as institutional and retail clients will gain lots of value from staking ETH.

  • Coinbase has a 15% market share in ETH assets and a 7% share of the overall crypto ecosystem.

  • JP Morgan estimated that Coinbase would generate an annual staking revenue of $650 million from the merge with ETH for $2,000 and a 5% yield.

  • They began offering ETH staking for institutional clients earlier this month.

Analysis from JP is huge! 🤯

Coinbase is the exchange that's used by major institutions such as Blackrock, a company that owns 10% of the world's economy. It puts them on the map for smaller financial institutions.

My prediction is that JP Morgan will likely make a play on ETH as the ability to yield 5% yearly from a validator node is substantial and great returns for any company and expect other institutions and investors to follow too.

🙌 How Normal People Can be apart of the Bored Ape Yacht Club

Let's be honest. Ordinary people will probably find it hard to gather $100K to buy a jpeg of an ape. So how can people who don't have the money invest in big projects?

Enter: Tessera 😮

Formerly known as Fractional, they give fractional ownership of the biggest NFTs (self-explanatory) and enable new communities.

How it works. 🧮

Fractionalizing an NFT means many people can own a small share of a potentially valuable asset and build a community around it.

So far, they've managed to raise $20M.

But this rebrand isn't just about making a cool new name. It's about expanding the pitch and being able to do things outside of the confines of fractionalization.

To find unique and exciting ways to empower people online. Particularly blockchain.

That's what they're here for, and we are onboard!

5 reasons why fractionalization helps the people. 👇

  1. Allow a large number of people to become involved in NFT communities.

  2. There is less entry barrier for new people entering the space.

  3. Normies seeing this could be the difference whether or not they buy NFTs.

  4. It gives more opportunities for people to make money on bigger blue-chip projects.

  5. Less risky than purchasing a lilpoopgoblinapecryptopunk.

💰 Bored Ape Sold for 777Ξ

Despite market conditions being bearish, there are still some hot sales going on!

On Tuesday, Vis.eth bought a Bored Ape #5381 for 777Ξ, roughly $1.5M.

His explanation:

"I wanted to collect a golden monkey," Vis.Eth told the Gazette. "777eth is a suitable price. Yuga will be the first successful social verse."

He also made the BAYC chart look like a shitcoin.

Sellers profit: 682Ξ($1.2M); purchased the Ape on August 1st last year for $242,000.

It's safe to say that 99% of NFT collections will fail in the next five years. There are many possibilities for false promises, rug pulls and hacks, but the only thing we know for sure is that numbers speak. And with sales like this during the bear market, BAYC is solidifying their spot as king in the space.

🌱 NewSeeds

Ukraine Bought Weapons, Drones with Crypto Donations. Controversial topic. Thoughts? 🤔

Coinfund Launches $300M Web3 Fund to bed on Next' Industrial revolution'. It might just be the biggest gold mine of our generation. ⛏

Thanks for reading friend!

If you learned something new, share with a friend, relative or pet. It would mean the world <3

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research

Reply

or to participate.