Disclaimer: This is not financial advice. Only sharing my thoughts about crypto projects. This is made for educational purpose. You can always lose your money in crypto. Be careful. Hey all, My first crypto analysis will be about: JPEG’d. First I will start explaining what JPEG’d is trying to achieve. Future plans. The people involved. Tokenomics. Bla bla bla.
Great article! I like the format for analysing a project. Looking forward to seeing what else is in store.
Launching at a 230 mil fdv is high for a company without a product, but considering that the raise was to fund the treasury it would make sense that they would want as much money to underwrite loans as possible. It wouldn't surprise me if the team knew the launch was going to go the way it did. The larger the treasury the better the JPEGd protocol can run.
Personally, I think the combination of futures exchange and NFT loans makes this a huge product. The team behind it will all but guarantee its monopoly since they also own a large amount of the NFTs that will be used as collateral.
Great article! I like the format for analysing a project. Looking forward to seeing what else is in store.
Launching at a 230 mil fdv is high for a company without a product, but considering that the raise was to fund the treasury it would make sense that they would want as much money to underwrite loans as possible. It wouldn't surprise me if the team knew the launch was going to go the way it did. The larger the treasury the better the JPEGd protocol can run.
Personally, I think the combination of futures exchange and NFT loans makes this a huge product. The team behind it will all but guarantee its monopoly since they also own a large amount of the NFTs that will be used as collateral.