Loan Shark

BlubberNotes# 39

Dear Future Whales,

This week’s note features a NFT Lending protocol and various events at NFT NYC that you won’t want to miss. I share a podcast with the CEO of Dynamic on onboarding and the evolution of online identity. There is a tiny bit of Alpha to share and a warning for SushiSwap users. Enjoy!

Summary:

1. DeFi Lending Resource: NFTfi.com

2. Recommended Podcast: The Evolution of Online Identity

3. Waves of Alpha

4. NFT NYC Events

5. Warning: SushiSwap Users

NFT Lending: The Top Option:

As the global economy continues to experience difficulty, I have been increasingly consulted by other degens and collectors regarding how to generate liquidity from their current holdings. People are becoming weary of having to reduce their floor prices continually, and so remain JPEG-rich. Fractional ownership is a potential solution; however, not everyone is fond of the decentralized model for high-value assets, citing concerns regarding missing airdrops with their assets located in a new vault. What is a solution?

NFTfi.com -

Under peer-to-protocol NFT lending, users can collateralize their NFTs and borrow directly from the protocol. Liquidity providers act as borrowers and earn interest.

• NFTfi lets users receive a crypto loan through their NFTs securely and privately.

• Through NFTfi, NFT holders can acquire wETH, USDC, and DAI by collateralizing their NFTs.

• All loans issued by NFTfi have fixed terms without any auto-liquidations.

In case you’re wondering if this is legit or is used by anyone, check out these loan stats below according to a Dune Dashboard made specifically for NFTfi.com.

Source: https://dune.com/rchen8/NFTfi

Recommended Podcast: The Evolution of Online Identity

Source: Apple Podcasts

• Itai Turbahn is the Co-Founder & CEO of Dynamic Labs. Dynamic is the authentication system that SegMint.io is currently integrating for a smoother onboarding experience. If you don’t have time for the full 46 minutes, then dive directly into the following:

• 6:20 - Defining what a wallet is and what it can do

• 19:20 - The redundancy of existing identity, KYC, and real estate title infrastructure

• 29:15 - The auto-approval power wallets can eventually offer consumers

Little Alpha:

• If you participated in the Brandverse Z3NA watch mint AND burned an NFT to collect your IRL watch through the Boson protocol, then check your wallet as $BOSON was dropped to users who interacted with that ecosystem.

• SHRAPNEL is an upcoming AAA title FPS. If you currently own one of the “Operator” NFTs then your free Mint window is now! WL mints open up tomorrow.

• Sign-up for the waitlist at SegMint.io to get early access to the Beta of the SegMint.io platform. The Alpha = Sign-up earlier than everyone else! We will announce why signing-up early is “key”!

NFT NYC Events:

• During this week’s NFT NYC event, Truth Labs is hosting an exclusive event for their asset holders on 4/12, “…in the subway”. Their party at last year’s conference was among the most talked about post-event.

  

  Source: Twitter

• NOW Pass is also holding their first-ever Now Pass community event will be taking place on Wednesday, 4/12, from 4-7 pm in NYC! It’s free for current NOW Pass holders.

• NFT NYC - If you are attending and would like to meet, then send me a note on Telegram @MattBartlettVE.

Warning: SushiSwap Users

• The Decentralized Exchange, SushiSwap, has suffered an exploit to their contracts. If you have used SushiSwap in the last few days, then as a precaution I highly recommend heading to Revoke.cash to revoke permissions right away.

Authored by Matt Bartlett, CAIA. Follow Matt on Twitter @MattBartlettVE

NOT INVESTMENT ADVICE

Please note the author has invested in all NFT projects mentioned within this article.

Please note that SegMint may offer investments products that invest in the asset class(es) or industries included herein.

The information herein represents the opinion of the author(s), but not necessarily those of SegMint, and these opinions may change at any time and from time to time. Non-SegMint proprietary information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Not intended to be a forecast of future events, a guarantee of future results or investment advice. Historical performance is not indicative of future results. Current data may differ from data quoted. Any graphs shown herein are for illustrative purposes only.

This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities/financial instruments mentioned herein. The information herein represents the opinion of the author(s), but not necessarily those of SegMint, and these opinions may change at any time. Non-SegMint proprietary information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Not intended to be a forecast of future events, a guarantee of future results or investment advice. Historical performance is not indicative of future results. Current data may differ from data quoted. Any graphs shown herein are for illustrative purposes only.

In consideration of the receipt of non-fungible tokens (“NFTs”) from SegMint, you represent, acknowledge, accept and agree that: you received the NFTs as a gift from SegMint. You did not pay any consideration, monetary or otherwise, for the NFTs.

The NFTs are not an investment. Rather, the NFTs are digital memorabilia intended solely for entertainment purposes. As entertainment memorabilia given to you as a gift, the NFTs have no value and are not intended by SegMint to ever have any value. Neither SegMint nor anyone else will take or not take any current or future action that is designed in any way to maintain the value of the NFTs, or to cause their value to grow or increase. You must not attempt to obtain an NFT from SegMint if you view it as an investment.

As a condition of receiving the NFTs, you shall hold the NFTs for your own personal benefit, and you shall not act, and are not acting, on behalf of any other person or entity; except that, if you are an affiliate of an entity or person whose relationship or affiliation you have made SegMint aware of prior to your receiving the NFT, and SegMint consents to your receiving an NFT, you may receive an NFT. You shall not sell, assign, alienate, lease, lend, fractionalize, re-gift, convey or transfer in any way the NFTs (or any interest therein) to any other person or entity, even an affiliate. Any sale, transfer, assignment, or other action covered in the preceding sentence shall be void. You must not attempt to obtain an NFT from SegMint if you plan to sell or transfer it. The above content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this email constitutes a solicitation, recommendation, endorsement, or offer by the Author or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. The value of cryptocurrency may be derived from the continued willingness of market participants to exchange fiat currency for cryptocurrency, which may result in the potential for permanent and total loss of value of a particular cryptocurrency should the market for that cryptocurrency disappear. Cryptocurrencies are not covered by either FDIC or SIPC insurance. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of cryptocurrency.

Investing in cryptocurrencies comes with a number of risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks.  In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing.  There is no assurance that a person who accepts a cryptocurrency as payment today will continue to do so in the future.

Investors should conduct extensive research into the legitimacy of each individual cryptocurrency, including its platform, before investing. The features, functions, characteristics, operation, use and other properties of the specific cryptocurrency may be complex, technical, or difficult to understand or evaluate. The cryptocurrency may be vulnerable to attacks on the security, integrity or operation, including attacks using computing power sufficient to overwhelm the normal operation of the cryptocurrency’s blockchain or other underlying technology. Some cryptocurrency transactions will be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that a transaction may have been initiated.

·         Investors must have the financial ability, sophistication and willingness to bear the risks of an investment and a potential total loss of their entire investment in cryptocurrency.

·         An investment in cryptocurrency is not suitable or desirable for all investors.

·         Cryptocurrency has limited operating history or performance.

·         Fees and expenses associated with a cryptocurrency investment may be substantial.

There may be risks posed by the lack of regulation for cryptocurrencies and any future regulatory developments could affect the viability and expansion of the use of cryptocurrencies. Investors should conduct extensive research before investing in cryptocurrencies.

Information provided by SegMint is not intended to be, nor should it be construed as financial, tax or legal advice. It is not a recommendation to buy or sell an interest in cryptocurrencies.

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