• 2036
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  • 👀 One project everyone is talking about

👀 One project everyone is talking about

PLUS: an early-stage opportunity

GM everyone. This is 2036. We scroll for gems all day so you don’t have to.

Here’s what we’re serving up today 🍲: crypto gaming is back, and there’s a new contender in town that everyone keeps talking about.

Let’s dig in.

Before writing 2036, I worked full-time in crypto gaming.

To me - it’s the most no-brainer application of blockchains outside of money.

I laid out a short gaming thesis two weeks ago - which you can read here.

TLDR: Crypto is a valuable use case for games.

Crypto games allow gamers to own their in-game assets (in the form of NFTs) and earn an income from playing.

In the process, investors can speculate on the next big IP (like Pokémon, Mario, World of Warcraft, etc.). Gaming IPs are the most valuable IPs in the world.

On top of that, critical blockchain infrastructure is complex to understand for most people.

But almost all of us can understand gaming - including the 3 BILLION of us who play games regularly.

Shooter games, in particular, are incredibly popular and easy to get into.

That’s why I’m bullish on Shrapnel.

Shrapnel is a high-quality (AAA) first-person shooter crypto gaming. This has two distinct advantages:

1/ These are the types of games that attract spenders 💰

Look at this skin. It sells for between $50,000-$100,000 in CounterStrike, one of the more popular shooters:

This is great not just for the game’s bottom line but also for viral marketing:

Bigger spends = more viral content about it.

2/ The game has a chance to be fun 🎮

For years, most crypto games were just DeFi projects overlaid with simplistic game mechanics.

But that’s changing now.

Shrapnel has been in development for years. The game developers have worked on games like Call of Duty and Halo. You can tell.

Take a look for yourself:

The game hasn’t been released yet (est. 2024), but it’s all anyone can talk about right now.

Their token, $SHRAP, is live and currently trading at about $0.2, giving the game a market cap of ∼$48 million.

That’s just a fraction of the market cap of big games like Axie Infinity ($883 million), Decentraland ($818 million) or Illuvium ($409 million).

So sure - it’s up +100% this month.

But if the game is good, the token has much more room to run.

Now - if you decide to make a bet, the token is probably the best way to do it.

But if you want to try out their game, you can also get NFTs to go with that (right here).

Now - nothing here is financial advice. You will probably want to read the Whitepaper, which you’ll find here.

But it would be silly to dismiss gaming because “it’s for kids.”

Gaming is a serious, valuable niche, and the bull market in gaming looks like it’s officially off to the races again.

No need to be on the sidelines this time.

P.S.: I occasionally invest in early-stage VC rounds of upcoming crypto games before they launch their tokens.

The upside is 100X+, but you could also lose everything. I’m doing another round that’s closing soon (this Friday), and we still have a small allocation open. Their token is launching in Jan/Feb.

It’s decentralized finance - so the minimum is very low. If you’re interested in participating, reply to this email with “I’m interested” and I’ll send you the details.