This person turned $30 into $21k in just 12 hours

May 19, 2022

Whats up family👨‍👩‍👧‍👦, 

Seedphrase Daily here 👋, where we go on about the crypto market so you don't have to go online and search for information that won’t help you. 

Today’s estimated read time is about 3 minutes and 51 seconds. Stay tuned to where we talk about: 

  • 💎 This person turned $30 into $21k in just 12 hours

  • 🤯 Why are Web3 creators getting paid significantly more?

  • 👏 VeeCon 2022

  • 👨‍🏫 How to find undervalued NFT’s and flip them for 50x-100x profits

This person turned $30 into $21k in just 12 hours 💎

HOLY FLIP!

An NFT investor that goes by @cameronstoner.eth made a trade most people think is impossible. 

He did this by minting 90 Not OkayBears during the first 1,000, which were free to purchase except for paying gas fees, which was only a whopping $30! Less than 12 hours later, he sold 70 Bears for $21k and decided to hold the remaining 20 Bears.

SOLD at just the right time! 

As we mentioned in yesterday's newsletter, Not Okay Bears ended up getting delisted. Meaning, that it left tons of people holding their bags and the Not Okay Bears project even ended up getting all their Ethereum taken away from holders! There was $6.3M in secondary sales within the last 24 hours before it got taken down. OpenSea is the biggest platform for Ethereum chains, so getting delisted takes away a lot of potential buyers. The founder went on a Twitter call and was very emotional after what went on.

This is an example of someone who saw an opportunity and seized it, he wasn't too greedy to sell at the top, and it paid off because right after it was removed from OpenSea. 

Why are Web3 creators getting paid significantly more? 🤯

Even though it's early, the numbers were telling in 2021, prior sales of Ethereum-based NFTs (ERC-721 and ERC-1155), adding the royalties paid to creators from secondary sales on OpenSea, yielded a total of $3.9 billion. That's quadruple the $1 billion – less than 1% of revenues – that Meta has earmarked for creators through 2022.

What's also so shocking is the extreme number of users on Web2 vs Web3 that we are seeing. With 22,400 Web3 creators (number of NFT collections) compared to 3B users across the Meta platforms, it shows that Web3 may be tiny but mighty!

Why are Web3 creators getting paid significantly more?

Web3 is based on giving ownership and monetization channels to users who will create and empower an ecosystem for entertainers to thrive. This will allow royalties for creators to thrive with decentralized platforms taking very minimal fees such as Opensea's 2.5% transaction fee. 

Smart contracts also redefine art ownership, with content licensing being clearly defined across the blockchain. 

Considering the number of underpaid artists, will we see an influx of people trying to get into this space after seeing the numbers? 

VeeCon 2022 👏

Today is the day! May 19th marks the beginning of VeeCon 2022. The first-of-its-kind NFT ticketed event takes place over four days at U.S. Bank Stadium in Minneapolis, Minnesota. Patient, grateful and serial entrepreneur Gary Vaynerchuk and his VeeFriends NFT collection are hosting the event, which is set to be one of the biggest NFT and Web3 conferences ever! With speakers such as Snoop Dogg, Gary Vee, Pharrell, Faze Banks and more! We'll be sure to update you on everything that's happening. 

Gary Vee is one of the most prominent faces in this space right now, pushing the boundaries of NFTs and using his knowledge to help grow the community. One of VeeFriends' collection's significant utilities is having access to Veecon 2022, 2023, and 2024. Could we see this happen with other events like concerts, raves and festivals? 

How to Find undervalued NFT’s and Flip them for 50x-100x Profits 👨‍🏫

Since this was somewhat of a short email, we decided to give you bon some real, free sauce!  

NFTs can be an asset and/or a collectible. The value of the NFT will fluctuate as it's based on forces of demand and effort the creator puts into it. Some NFTs can be flipped into profit, and some will result in a loss of money, so it's up to you to make a decision and spend only what you can afford to lose on an NFT. 

There's no pattern analysis or rule to determine which NFTs will increase in value; however, looking at successful projects and the data they provide, like the creators of the NFT, price histories, previous sales, transfers, and identifying trends can all be helpful towards picking which NFT to invest in.

The best platform as of now to help identify good NFTs is "rarity.tools" to assist with deciding which NFTs to invest in. "rarity.tools" ranks art and NFTs in terms of their rarity to help you determine the NFT's value which will help you make buying decisions and comparisons between different collections and projects. 

And with us being in the bear market, it could be the perfect time to scoop up projects you think will last this market cycle! NFA! 

What Does It Take To Make $100K From NFTs?

The NFT Market these days is becoming saturated. Each & every day, many people invest in NFTs and create their own. Due to this, it is becoming more challenging to earn money from them. However, there are a few things that you can do to make up to $100k through NFTs. As an investor, your prime goal is to generate money from your assets. It doesn't matter if you are a stock investor or an NFT investor. Your prime mission is to purchase & sell your holdings at a profitable rate. The NFT Market is very volatile, and it can be expensive.

Being an NFT Investor, you can have multiple advantages over the investors in other markets because of the market's youth. First of all, the NFT Market is comparatively new, and there are lots of investment opportunities available. As a result, there's much more for you to purchase and invest in. Similarly, because of the volatile nature of this market, you could potentially generate huge investment returns from some simple investments that were worth anything. Thus, the youthfulness of the NFT Market is on your side. However, diversifying your portfolio is the prime key to using this as your advantage and generating up to $100k+ from NFTs.

Time to plant some seeds 😌; 

Axie Infitity’s mee6 discord bot has been compromised No one is safe, use the proper protection 😈

That’s a wrap for today! Some small stories and updates on what's happening. Do you think any groundbreaking news/announcments will be taking place at VeeCon? We will be sure to update you once they do! Let us know what you would want to hear in the future (topics, lessons, market analysis etc) and make sure to follow us on Instagram and Twitter. 

With that being said,  

See you tomorrow. ✌️ 💎

Meme of the Day 

Arguably everything cool happens on there 😭🤫

Disclaimer 

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

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