Veve is an asymmetric bet in the NFT industry

4 min readApr 8, 2022

This is not financial advice.

One of the most common financial opportunities come in the form of mispricings. And mispricings happen due to people not seeing the value of that particular opportunity.

A financial opportunity that I see now is in Veve. I am speculating that the current prices of the NFTs in Veve is currently mispriced. To put it simply, I believe that they should be worth more than its current prices.

Before I go into details about my Veve bull case, let’s first touch up on my POV on NFTs. A quick Google and Youtube search will explain what NFTs are. In my point of view, NFTs will be a game changer for companies, artists, and collectors.

I believe that NFTs are the future of art and collecting. Why wouldn’t it be? The fact that artists can get paid in perpetuity is crazy to me. I can’t fully explain the technicalities and nitty-gritty of NFTs, but looking at it from a macro point of view, I am ultra bullish.

However, I believe what GaryVee said that 99% of NFT projects will go to zero. The 1% will be those that have utilities and has built a successful brand and community around it.

Since I am bullish on the NFTs in Veve, does that mean it belongs to the 1%? I believe so. Why? Because the NFTs in the application come from big and global brands. They have NFTs of Marvel, DC, Disney, Cartoon Network, Coca Cola, and others prominent names.

These brands are not like the 99% of the NFTs in the space. They have already established their legitimacy and products globally. They have amassed a million followers and has been pleasing its market for decades already. Their fandom is second to none.

What if I’m wrong?

This is one of the risks you take as a speculator. In other words, it’s all good. I’m the type of person to try something rather than regretting it for the rest of my life as to why I didn’t do it. Plus, I have managed my risk when investing NFTs in Veve.

My stand could be summarized by a famous trading quote:

Win small, lose small. Win big but never take a big loss.

What scenarios could make this thesis wrong?

NFT is a bubble and looming economic recession

It’s easy to think that we are in a bubble when a picture of a rock gets sold for $1.7 million. IF NFTs is a bubble and everything goes to zero, I’ll be fine financially. At least I took part of one of the most speculative bubbles in history.

But if there’s something we can learn from history (more specifically the dot-com bubble) the companies that are fast to innovate and adapt to changes tend to survive market crashes. And the brands mentioned above has seen a series of market crashes and recessions in their business lifetime. So it’s proven that they can survive such unfortunate circumstances.

In terms a looming recession, I can certainly wait it out. In my many years of trading the market, I know that it moves in cycles.

What if I’m right?

What if all of the speculation of Veve believers will come to fruition? And Web 3 would really be the next major revolution after the introduction of the Internet?

Then this is simply one of the most asymmetric bets you can take in the NFT space.

And me investing in the NFTs in Veve is putting my money where my mouth is. I have skin in the game.

What could make this bull thesis come to existence?

Web 3 adoption: When people start using web 3 applications and take part in its massive ecosystem and initiatives, it’s almost impossible that NFTs will not benefit from this.
Collectors of physical items of those brands will start collecting the NFT versions of their favorites.
Influencers coming into Veve and displaying their NFTs to their followers. Veve gets introduced to followers and they start joining.

How long will this materialize?

That’s a hard question. But I am willing to hold for a long time. I believe in Web 3 and the team behind Veve.

Now, it’s time for the fun part. Let’s put things into context so we can compare prices if this plan pans out. I’ll be choosing some famous characters and will be displaying their current prices in the market place.

(April 4, 2022) prices: