Bear Market

It seems everyone agrees we are currently in a crypto/NFT bear market. Many people are worried, many have lost large sums of money and many are leaving the space. I have a few thoughts on what's going on right now.

1. Gary was right. He predicted this happening. The guy is the Nostradamus of the internet. Listen to him.

2. I think the Crypto bear market is a direct result of the current equities bear market. Money needs to flow into the crypto space from somewhere. Often times people will move stock gains into the even riskier crypto market. That pool of money has dried up. I don't think we'll turn a corner in the crypto space until stocks begin to make significant gains again.

3. You should not play in the crypto space with money you cannot afford to lose.

4. Look for top-quality projects that do a good job weathering this storm. Who panics and leaves? Who uses this as an opportunity to build? The cream will rise to the top.

5. I really think things will eventually get better. I think we'll see new all-time high floors in Book Games... eventually. It will probably take a long time. It could take years. Do you have the patience for that? If not, this might not be the place for you.

This is probably a good time to reassess what you're trying to do in the crypto space. Do you have the risk tolerance this market requires? Most of all, take care of your mental health. If you're struggling with that aspect of your life, reach out for help. Your mental health is not worth sacrificing just to stay in this game.

VaynerSports Pass / VeeFriends Collaboration

On Thursday of this week, AJ Vaynerchuk held a Twitter Spaces with Micah Johnson and Gary Vaynerchuk. Starting at about 27:19 of that spaces, Gary started talking about a Vaynersports Pass and VeeFriends collaboration. He said they are definitely going to do one or more and hinted at several possibilities including his access time.

I personally think Vaynersports Pass is a sleeper NFT project. They've already done a free to mint collaboration with Micah Johnson and AKU called Starboys. They've done raffles for in-person events in New York and Singapore and said that those will continue. They hold regular AMAs with professional athletes they work with. It's only been around for a few months and already has more utility than most NFT projects.

The floor is under 0.2ETH so it's not super expensive to buy in. Each card has icons on it. The icons seem to give access to events. For example, the Yankee game raffle was open to those holders with a baseball icon on their cards. It was also open to "blank" cardholders -- those are cards with no icons which act as a sort of wildcard. Do some research on it if you're into sports.

Vaynersports Pass OpenSea LINK HERE

Vaynersports Pass Discord LINK HERE

VeeCon!!!

I'm heading to Minneapolis in a few minutes to attend the first-ever VeeCon. I'm excited to meet all of you there. The picture above is from the label of Gary's first community wine way back in 2007. I still have a couple bottles for sentimental purposes.

I also want to note that the Book Games visualization in Tableau has been changed/updated/consolidated. Please use THIS VIEW AT THIS LINK HERE from now on. I'm planning to make a video next week walking through how to use it effectively.

RIP Paper Hands Pony

 

There's been a bit of controversy in the VeeFriends Discord over whether or not it was possible to burn a Special Book Games token. We can put that controversy to rest now that Token #97713 was burned a couple of days ago. This token looks appropriate as the poor little pony is surrounded by lava and flames.

Please pay attention when burning so that you don't make a mistake like this. It was approximately 2ETH unnecessarily burned.

VF2 Tableau and Spreadsheet

I wanted to make you aware that there is a VeeFriends 2 Tableau page. You can filter on many traits and see character ranking by floor price (second tab). Unfortunately, due to some Public Tableau limitations, it only updates once a day.

LINK TO TABLEAU VF2 HERE

The source data for Tableau is also available in Google Sheets. This updates about every 30 minutes. I want to point out that Trait Counts (second tab) are available here so you can see how many of the new characters have been minted, or how rare a scene or pose is.

LINK TO VF2 Google Sheets HERE

Character	Count
no_character	0
Coming Soon!	4
Versatile Viking	61
Resilient Red Devil	77
Smooth Spider	81
Outgoing Octopus	87
Principled Praying Mantis	92
Alpha Alligator	99
Gritty Ghost	100
Persistent Penguin	105

 

Friday Best Values

Before I start writing about today's best values, I want to give you an advanced warning that the Book Games visualization on my Tableau page will change sometime next week. I'm consolidating all Book Games data into a single visualization with multiple tabs. I will retire frame counts views at that point as well. Feedback on the new views is appreciated.

The raffle snapshots are now done and so now there is very little utility associated with Book Games Tokens. Some players will need to pick a few up in order to burn but there is very little demand at this point. It will be interesting to see how long Gary lets things go before introducing some new utility.

So now we can bargain hunt. Below are today's top 50 best values. A few Neon frames have risen to the top of the list. Those look like terrific values at about 0.3ETH, especially since Neons will likely be burned in the next two weeks. I'm a bit surprised that none of the rarer attributes are on the list. I think this shows just how undervalued frame rarity is at this point. Happy sniping!

Best Values

We continue to see a trend where tokens no longer needed for a raffle drop significantly in price. My best values list today is dominated by Caviar. I expect this trend to continue and will look for opportunities to acquire the rare Pearl and Neon tokens. We are now seeing Rarity/Price/Ratios below 0.4. Keep in mind that before the Friends List snapshot, all RPR were above 1.0.