WhaleShark | IkarisDaily #5
Thursday, 17 March 2022
I think I am starting to get a taste of the 9-to-5 life and I’m understanding why most people aren’t fans of it. As the week goes on, I become more tired and irritable. You know, its this sort of mental fatigue. It happens every day, then you sleep and it becomes lesser, but there is still some residue. The residue builds up higher and higher. Regardless, today was a good day as well. Got a lot done, even though it was rather boring. Nonetheless, having work is better than no work.
As I had mentioned yesterday, we are mostly done with the NFT Canon. Really happy that I got past that gargantuan set of articles. In planning what I wanted to do today, I had to factor in tomorrow as well. I did not want to start on anything really massive for today and tomorrow, so as to not overextend myself given the fatigue. I am looking at the weekend to start my social media side of things & to complete all tasks related to the NFT Canon. Due to that, I am planning for tomorrow and Saturday’s IkarisDaily to be on my notes from the prior articles in the NFT Canon. I’ll also look to compile all that information on Sunday, in preparation of the NFT Thesis Creation step.
Today, I looked at this article by Coin Desk, “Whale Shark’s NFT Collectors Playbook” by Jeff Wilser. I was, to say the least, thoroughly impressed.
1) Becoming an NFT Investor
The first thing an aspiring NFT investor has to do is truly understand what NFTs are, and how they change digital asset ownership and management. This can be done via Youtube or articles.
Secondly, they should be on Twitter, which is the communication hub for the NFT Space. They should follow all the largest creators, collectors and projects. Projects recommended by WhaleShark:
Next, they should be listening to NFT Podcasts. Whaleshark recommends “Zima Red” by Andersen Steinwold, “NonFunGerbils” by the NonFunGerbils and “The Matthew and Rizzle Show.” They should also look to join the 2 biggest NFT Discords — Whale & TokenSmart.
“This is all definitely something I immediately acted on. I followed all the accounts he mentioned. My ability to keep up with them will be extremely limited because I’m not on Twitter or Discord much normally. It is something I will have to develop with time, but I’ll work on it. As he mentioned, you need a handle on what NFTs are and why they are important. I’d say I have a good understanding of that (and more). Of course, there’s more to develop, which is why the 50 hours of homework on Twitter is going to start soon.”
2) WhaleShark’s Investing Framework
99.99% of projects will fail. Due to this, investors need to take an analytical eye to how they enter the space and what they want to collect. WhaleShark does not collect NFTs he does not love.
The first pillar of the framework is — Parallel between the Traditional Collectible to the Digital Collectible. The presence of such a parallel means that there is historic proof of the traditional collectible rising in value, which would indicate a similar destiny for the digital collectible. For example, Sneaker NFTs are traditional collectibles that increased in value and can be expected to increase in value in their digital form as well.
The second pillar is — The Project’s Team. Look at the founders and teams to understand if they have the expertise, professionalism and track record.
The third pillar — Nature & Quality of the NFTs. Look for projects with high quality, that have fully leveraged the capabilities of digital goods to bring a collectible into the digital age. Soon, many mainstream projects will enter the space — Only the high-quality ones will succeed. These are the ones you want to invest in.
The final pillar — Funding. Invest in projects with strong investor backing and a strong line of capital. Projects need to be able to stay alive in bear markets to succeed in bull runs.
Categorically, WhaleShark believed in Crypto Art to explode at the start. Now, he believes in projects that allow you to display that Crypto Art — The Metaverse. A project he trusts in is Cryptovoxels. He also believes the future is in Music NFTs.
In general, his selling time horizon is never. He wants to buy into projects that he will be able to hold well past his lifetime, with those projects still accruing value.
WhaleShark believes 99% of projects will implode when the mainstream enters the space. As that happens, new projects will be started. That’s why it is never too late. You just have to keep your ear to the ground (Keep your eyes on Twitter) to decipher which projects will thrive. It is also a good way to invest well by determining which artists will blow up and make it on to major auction houses — This will require significant research and analysis, but it will be worth it.
Finally, WhaleShark takes the approach of buying as much as he can when he finds a project he likes.
“In the stock market, I am an ardent follower of Warren Buffet. As I read through the article, I found the resemblance or Mr Buffet in WhaleShark’s approach and tips. WhaleShark has a framework based on fundamentals, an indefinite time horizon and a policy of buying big into good projects. Very much like Mr Buffet.
I am extremely happy I decided to read this article today. I have found a good framework to start with when I move into the project analysis portion of the NFT Research process. I’ll be able to build on it with my own experience and make it more detailed. Furthermore, however, I have developed respect and found an investing hero in the form of WhaleShark. His philosophy and approach align with my own ideas and beliefs, as well as those of my investing hero, Warren Buffet.
As soon as I finished this article, I ran over to Uniswap to buy some $WHALE. Unfortunately, the gas fees were huge ($80 USD at 300GWEI, believe it or not) which is why I set a reminder for Sunday morning to buy some of those tokens. Usually, I do not make a SINGLE investment without analysis (which is why I don’t own a single NFT yet). However, like my purchase of Berkshire Hathway stock based solely on Mr Buffet, I will buy $WHALE solely based on WhaleShark, because his ideas and beliefs align with my own. Of course, I will invest a small amount I am comfortable to lose.”
Today was great on the NFT Front. I am so, so happy that I was introduced to WhaleShark. It’s really important you know, to have certain individuals in the space you idolize and seek to replicate. It gives you an initial goal to strive towards.
As mentioned, tomorrow will be more for the compilation of the NFT Canon Notes. Should be a fast one as I’ll focus more on the portions that I completed weeks ago. I’ll do the parts I have yet to start on, probably on Saturday when I will have more energy and spare time. Along with that, I may also look to research and learn more about WhaleShark on Saturday as well — his investing approach, The Vault, the Whale Community, etc). Should be interesting! See you tomorrow…
- Best Futures Trading Signals | Liquid Exchange Review
- Crypto Trading Signals for Huobi | Swapzone Review
- Best Crypto Trading Bots | Buy Solana | MatrixPort Review
- Coldcard Review | BOXtradEX Review | A Guide to Uniswap
- Coinbase Review| Deribit Review |FTX Review
- NGRAVE ZERO review | Phemex Review | PrimeXBT Review