How Do You Evaluate a Project's Value?

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Lik, how do you ascribe some framework around value for individual ineties? Ye. I mean, that's kind of largely the art marke in general. It's a lot of its driven by mematic desire. And of it is valuable because, like, other people think it's valuable, therefore it's valuable. But the valuation is still, am an open question yet. If it depends on calms and the concenttrating down, than the whole thing seems to be unravel.

Back in 2018, Richard saw Opensea’s potential as one of the earliest investors - despite its measly yearly volume of $475k.

In 2021, OpenSea became the largest NFT marketplace and facilitated $15 billion in volume, a 31,578x increase,

In this episode, Richard shares with us:

- Is the NFT market a bubble?

- Is it possible to value NFTs like with DeFi protocols?

- How to identify “Blue-Chip” NFTs?

Host: Jason Choi @mrjasonchoi . Not financial advice.

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------------ More Resources -------------

Richard Chen's Twitter - https://twitter.com/richardchen39

Chris Dixon - Strong & Weak Technologies: https://cdixon.org/2019/01/08/strong-and-weak-technologies

Richard Chen - How to get exposure to bluechip NFTs without being a whale: https://twitter.com/richardchen39/status/1492260662403284996

------------ Disclosures -------------

Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries