Tat Thang
@tatthang • 9,852 subscribers
Turning data, ideas, and stories into signal. Forbes Web3 ‘24 Content Creator. Partner @Polymarket
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Nobody camped 8 days for a pocket watch. They camped for the right to own something with an Audemars Piguet logo for $400 instead of $30,000. AP built their brand over 50 years by making sure most people can never buy one. Waitlists. Relationships. Six figures minimum. The wall around the brand IS the brand. Royal Pop punched a hole in that wall. $400. Walk in. Buy it. Except so many people wanted through that hole that Dubai cancelled the launch. Liverpool called police. Bangkok had queues through entire malls at 6am. NYC had overnight camps in Times Square. Swatch says it's not limited. They'll make millions. And people still camped. Because it was never about the watch. It was about standing on the other side of that wall, even for a day.
Tat Thang1,279,039 Aufrufe • vor 3 Monaten
Solana founder Toly had a newborn when he started the company. His wife was carrying the family while working at Airbnb. He was doing 1,000 meetings to raise money nobody wanted to give him. "You don't really make it work. You just have fires happening, and you choose which fires to ignore. It's just suffering. You have to be okay with suffering for a few years and understanding that it might not pay out." $47B network today.
Tat Thang167,735 Aufrufe • vor 1 Monat
Toly ran 14 startups before Solana. None of them worked. He and his future CTO were roommates for over a decade at Qualcomm. Surfing together, shooting ideas around, building things on the side. 14 attempts, zero traction. When the Solana idea hit at 4AM, he called the same people. "None of them panned out. But when I had the eureka moment, I literally just pulled those people in, and they were like, yeah, let's do it." You don't find the right idea. You outlast the wrong ones.
Tat Thang63,457 Aufrufe • vor 1 Monat
35 years before backing Creepz, Adam Weitsman got a $20 lizard tattoo. > 1990: Walks into a tattoo shop on a Sunday morning. > Pays an intern $20 to ink a green SoBe lizard on his lower back. > Gets roasted by his friends and Jewish mom for 3.5 decades. > "That's what you do when you're 18 and you have $20." > Fast forward: Builds a billion-dollar scrap metal empire. > COVID hits: Spends 50+ hours covering it up with a David & Goliath piece to support a local Syracuse artist. > Enters Web3: Collects 10,000+ NFTs, joins boards, builds in crypto. > And the major collection he ends up backing? Creepz. A project of lizards. You can cover the $20 tattoo on your back. But some lore follows you all the way to Web3. Full circle.
Tat Thang21,634 Aufrufe • vor 22 Tagen
Pudgy makes $50M a year selling toys. So why did Luca build a whole blockchain? He already had Walmart, Target, 3,100 retail stores. TCG cards next to Pokemon on the shelf. He didn't need a chain to sell penguin plushies. So I looked at public company valuations. - Funko: $908M revenue. Trades at 0.6x. - Mattel: $5B revenue. Trades at 1.1x. - Hasbro: $4B revenue. Trades at 2.9x. Now look at tech platforms. - Roblox: trades at 4.2x revenue. - Spotify: trades at 4.1x revenue. Same $50M revenue, completely different valuation depending on what category investors put you in. $50M as a toy company = $30M valuation. $50M as a tech platform = $200M valuation. Luca said he wants to IPO by 2027. Told Decrypt he'd be "disappointed in himself" if it doesn't happen. Now ask yourself: would you IPO as a toy company at 0.6x? Or would you build a consumer chain, a global wallet, a gaming platform, and IPO as a tech company at 4x? He killed Pudgy Party (1M downloads) to focus everything on Abstract chain. Founders Fund put $11M into Abstract, not into toy manufacturing. Luca himself said "blockchain is the least interesting thing about the platform." He's not building Abstract because he loves decentralization. He's building it because the category you IPO in decides your price tag. I don't have insider info. This is just me connecting dots from public data. But the dots line up pretty clean. Not financial advice.
Tat Thang16,686 Aufrufe • vor 1 Monat
Yuga's CEO just admitted that holding alone isn't enough. "I don't know that that incentive is enough." He's talking about the old model. Own the JPEG, sit back, collect drops. Figgs says that's not cutting it anymore. So Yuga built something different for the Daniel Arsham drop on Otherside. 300 editions. The new system balances two things: what's in your wallet and how active you've been. Want a shot? Log into Otherside. Go to Starfield Park. Walk into the Art Gallery. Hit the front desk. The system reads your wallet and your achievements, then issues raffle tickets. Whales still get weighted. But so do the people showing up every day. Leveling. Contributing. Even if they don't own a single Yuga asset. Whales still get weighted. But so do the people showing up every day. Leveling. Contributing. Even if they don't own a single Yuga asset.
Tat Thang23,066 Aufrufe • vor 3 Monaten
Azuki just entered the $10B trading card game arena. Zagabond says their upcoming Azuki TCG will be Top 5 globally within a year. For context: The global TCG market is worth ~$7–11 billion annually, led by giants like Pokémon, Magic: The Gathering, Yu-Gi-Oh!, and One Piece. If Azuki pulls this off, it won’t just be another NFT success It’ll be Web3’s first real crossover into mainstream collectibles.⛩️
Tat Thang36,270 Aufrufe • vor 10 Monaten
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