X @wale.moca 🐳

NFT Investment Strategy - The investor upgraded their Opensea Treasure Chest to the highest unlocked tier, indicating a strategy focused on maximizing potential rewards within the Opensea ecosystem [1] - Approximately $90 thousand in swap volume was executed, incurring nearly $2 thousand in fees, highlighting the cost associated with this investment strategy [1] - The core investment thesis revolves around winning high-value NFTs from the treasury, including a Pudgy Penguin and a Bored Ape, each valued at $40 thousand, suggesting a high-risk, high-reward approach [1] Risk Assessment - Winning any NFT from the treasury is currently considered "+EV" (positive expected value), but further leveling up is expected to incur an additional $2-4 thousand in losses, indicating uncertainty in the strategy's profitability [2] - The limited number of NFTs in the pool worth $5 thousand or more raises concerns about the immediate value of potential winnings [2] - The high fees associated with the platform introduce a significant element of gambling into the investment strategy [3] Market Dynamics - Competition from other users leveling up their chests is a factor, as rarer chests increase the chances of winning NFTs, suggesting a dynamic and competitive environment [2] - Opensea contributes 50% of the fees to the treasury, which leads to treasury growth over time, potentially increasing the value of the rewards pool [2]