Welcome to Issue #57 of Wealth Mastery
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In this issue:
I share some of my thought on the NFT markets and what you should be looking for when buying NFTs.
Jesse has an update on Bancor V3 as well as report on the altcoin Convex Finance.
Defi Dad has a tutorial on how to use Ondo Finance to earn up to 50% APY on ETH.
Rekt Capital looks at the Bitcoin logarithmic growth scale to help us understand what is possible in the markets now.
The team from Celer Network, a layer two scaling solution working towards making transactions fast and cheap, join us for an AMA.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.
Also, every issue will contain more information, tips, hints, and analysis than you can make use of. Wealth Mastery is a tool, you are the craftsman. We are not a signal or pump group, we are a tool shop, you decide what information shared here has value to you or not.
As always, feel free to reach out to me by responding to this email with your comments or questions.
The Big Recap
NFT mania is back! Last weekend whales gobbled up loads of multi-million dollar and other high value NFTs! If you are a collector then trying to find the next big NFT might be something for you, but I am sticking with my pick and shovel plays. Maybe this will prove the wrong strategy in the long run, but I feel like most NFTs will not retain their value, that being said the pick and shovel tokens probably won’t either, but at least they are an easier play compared to trying to find the needle in a haystack NFT that will moon by 1000X!
Some of the most interesting pick and shovel plays are as follows:
Efinity is a crosschain NFT service built by the core Enjin team and designed for Polka Dot. Token trading goes live today.
ImmutableX is a layer 2 designed for NFTs with 9,000 TPS and zero gas fees. Which is essential for gaming success. Launched by the Gods Unchained team.
*** These two are probably the most interesting in terms of big pick and shovel plays, because they rise the more NFTs rise.
Ethernity is an NFT platform for licensed and authenticated NFTs. Has worked with some big names already.
Terra Virtua is a digital collectibles platform working with some huge film franchises.
Blind Boxes is a gamified NFT platform which helps launch new artists. They just launched their V2, will be doing a drop with the popular show Rick and Morty, and have a low market cap. High risk play.
*** These coins while pick and shovel plays are much more speculative since there are many similar competing platforms.
Regulatory pressure continues. This week we saw Binance get shut down in Malaysia. Although to be fair Malaysian regulators have long been very crypto phobic so this is not super surprising. Binance has also announced that it will end leverage trading for all European customers! I feel like Binance is ahead of the curve here and that other exchanges will start following suit!
The big story of course is that the USA is passing…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
