I Bought Another NFT & I'm Up +$10,130 on Poolsuite.net
Detailing my new "membership" NFT purchase while also explaining recent developments for Poolsuite.net
As you all read in my original post about why I purchased the Poolsuite.net NFT, I’ve been a daily listener of their “internet radio” for years. Their beach-inspired tunes kept my spirts high while working from home during the pandemic.
If you’re curious about Poolsuite’s entire story (from ‘internet radio’ to now an entire leisure-focused conglomerate) be sure to read the post shared below — I give you all the play by play.
Before giving an update on Poolsuite’s developments, I want to resurface the perspective I was taking when purchasing this NFT for $800 — exclusive membership.
Similar to the American Express Platinum Card, which costs $550 per year to own, I was looking to my Poolsuite Executive Member NFT as a similar “pay to play” membership. Except instead of paying $550 every single year, I’d only pay $800 once to own the NFT (and its perks) in perpetuity.
To my surprise, I woke up to the tweet shown below.
The folks at Poolsuite really did it — they created an NFT that truly is a membership card, so much so, you can add it to your Apple Wallet.
You know the first thing I did was sprint to wallet.poolsuite.net to verify my ownership of their NFT. Upon completing the process, I was given a “receipt” shown below. Yes, I scribbled out my personal QR code because I have no idea what data might be shared with you if scanned properly.
According to Poolsuite’s Twitter..
While this may not feel significant just yet, it forms a core piece of our infrastructure and will come into play often in the weeks & months ahead.
We appreciate your patience as we build the foundations of the Poolsuite Internet Leisure Ecosystem.
I think Poolsuite is doing something almost no other NFT project is focused on doing right now — real life experiences.
Add your Poolsuite NFT to your mobile wallet to unlock a wealth of experiences in the near future.
What will these experiences be? Not a clue.
Given their focus on “leisure,” I wouldn’t be too surprised if I woke up to a tweet instructing me to go to my local Jamba Juice, scan my NFT via the Apple Wallet, and pick up a free smoothie.
What you all likely came for — the profits.
Remember, I bought this NFT for 0.2 ETH — and I bought two of them. Quickly after their “drop / mint,” they were selling for 0.5 to 0.7 ETH on OpenSea. At the time, that was about $1,700-$2,000.
Now, they’re selling for 1.7 ETH on OpenSea — with some folks paying as much as 2 ETH for them yesterday after this Apple Wallet integration was announced. Put in dollar amounts, this is about $6,000-$7,000 each.
For those of you that purchased these when I shared my original post — cheers to the unrealized profits and future leisure experiences we’ll share together.
Now you’re if asking yourself.. “Damn, should I buy this now? It’s literally ~$6,000 .. that’s a lot of money!” ..please don’t just spend that much money on the hope of it going up in the future.
I, like you, have no idea how much these Poolsuite Executive Member NFTs will be worth in the future — I simply like the underlying brand, their CEO Marty, and the awesome people who are also Executive Members.
Make a decision for yourself and, if you’re so inclined, ride the wave for years to come.
However, it’s important to remember that these types of investments are often “buy it and forget about the money” situations. If you want to “flip” NFTs, of course there are many people doing this all day, every day. Just be careful and make decisions that you feel are best with your personal financial situation.
I Purchased Another NFT Yesterday for 0.295 ETH ($1,100)
History doesn’t always repeat itself, but it sure likes to rhyme.
I bought another “membership-focused” NFT called LinksDAO. According to their website..
LinksDAO is creating the modern golf & leisure club. A global community of thousands of enthusiasts has come together to create one of the world's greatest golf clubs - and reimagine the country club.
Let’s take a step back.
If you’re not familiar, blockchain technology (paired with smart contracts) have unlocked the invention of a DAO — or a decentralized autonomous organization. This simple infrastructure (at least on the front-end) allows people to pool their funds together for a common idea or purchase.
The most recent high profile DAO was when Constitution.DAO raised well over $40 million to buy the Constitution, only to be outbid by the CEO of the hedge fund that wrecked Robinhood traders’ portfolios during the Gamestop debacle.
It may have failed - but think about how crazy that is for a moment.
A bunch of anonymous people on the internet used blockchain technology to raise $40 million to buy the freaking Constitution — what a time to be alive.
Alright, so now that you know what people can seriously do with DAOs — let’s talk about what the folks at LinksDAO want to do. They raised $10.4 million this week through NFT offerings and have officially caught the eyes of mainstream media.
It’s simple — just like Poolsuite being a membership-focused NFT unlocking TBD internet leisure activities, LinksDAO sold membership-focused NFTs unlocking access to a golf course and country club.
These NFTs will allow for community access, governance, a wide variety of perks, and games in the near term. They will be the key to unlock membership at LinksDAO's first golf & leisure club.
The idea is simple..
Raise $10.4 million from selling these NFTs — allow these NFTs to act as “place holders” for the right to purchase a membership at the golf course & country club in the future — identify a golf course to purchase with your proceeds — get approval from the DAO — purchase and enjoy the course.
For the full breakdown of their timeline and action items, read below.
I can’t golf to save my life. But how cool is it to be involved in something so revolutionary and interconnecting between people across the country? 5,000 people are now a part of this massive and growing golf-loving community.
If you missed out on the Poolsuite NFT and want to be involved in the next big membership-focused NFT to sweep the internet, consider picking up a LinksDAO on OpenSea.
I wasn’t able to mint one, so I purchased mine for 0.295 ETH on OpenSea yesterday. Here’s my wallet for proof. Don’t laugh at the other NFTs I have — they were gifts.
I bought one for about $1,200 and I plan to buy a few more in the coming days. Imagine what these membership unlocks could go for if we find out professional golfers eventually own a few.
If you’re looking to learn more about membership-focused NFTs, I’ve linked an insightful Tweet below. Read through the replies and learn more.
Also in case anyone may have thought that either of these NFT posts were ‘sponsored’ or I was given something to write these — nope. I just think they kick ass, have remarkable communities, and will appreciate over time.
Update: LinksDAO’s Twitter account just made the following tweet. Stephen Curry is apparently now a member! We were right - high profile individuals are interested. Floor price for these have more than doubled from 0.3 ETH to 0.7 ETH because of the news.
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.