
A full-stack proprietary venture capital deeply rooted in #web3 and building a decentralized future. Backed by @newmangrp. ✉️ DMs are open.
Joined October 2021
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Newman Capital retweeted
The crypto industry spectrum is divided into two extremes: institutionalised plays and on-chain economies.
Institutionalised plays: things like Circle, Robinhood, some CEXs.
On-chain economies: innovations evolving on a daily basis: footballdotfun, punk strategy, etc.
It’s practical to focus on one end, yet some do have the visions and talents to get involved on both ends, say Ethena.
Personally I am very interested to see how IPs x web3 get evolved, it’s one of the very few plays I think make sense to stay in the middle of the spectrum. While on-chain innovations are exciting for IPs, lots of the IP proliferations are still offline.
Newman Capital retweeted
Can confirm it’s true. Newman invested in @BasedOneX (previously Suberra) several years back. They were just pivoting away from Terra because Terra was dead. These several years @edison0xyz were always relentlessly trying out different products in the payment space from b2b subscription, to their well-known crypto debit cards especially in Asia.
The industry has been brutal over the last two years and Edison has taken no salary for a long time, I forgot exactly how long. Despite that, every email he sent to investors has been very positive and he tried his best to stay motivated. This year there were conversations on acquisitions by others, but Edison wanted to have his last shot, launching the app he and the team had been building on @HyperliquidX.
The rest is history. Invest in founders.
Copy and pasting this for those who can't see the screenshot:
KOL met an early investor of @BasedOneX and shared this info and now it is spreading throughout Korean Community:
"Since a lot of people seem curious, here’s a short TLDR:
BasedApp was originally a team that was building on Terra.
They were working on payment-related products, but after their funding ran out, by early this year they were even looking for an “acquisition” because things were so tough.
The founder, @edison0xyz, even worked without pay for over a year. PuffDex, which they built under Hyperliquid, was basically their last shot — and it ended up taking off.
I’ll skip the revenue part since you probably know more about that. But for a crypto founder to work unpaid for a year for the sake of the company and the product — that’s really remarkable.
I saw a few of the emails, and even when they were running out of money, he strongly appealed to investors that they wouldn’t give up.
And all of this finally blew up under Hyperliquid. Most investors are reacting like, “They finally saw the light.”
When recent FUD around PUP broke out, apparently he didn’t even flinch. The logic was, someone who hustled unpaid for a year just to protect his product wouldn’t ruin it just to make a quick buck.
I also saw some of the emails with investors — the changes over the past few months have been incredibly dramatic.
One investor said that, although they didn’t put in a huge amount and won’t make life-changing money even if BasedApp succeeds, they still feel immense satisfaction seeing the team endure and finally blossom.
Of course, the product they first invested in isn’t the same as the one that succeeded, but this really proves how right it can be to invest in people.
Wish I had gotten into Based earlier."
im so bullish Based now after seeing this. Bullish for $BASED, bullish for $UP.
@mlmabc @Obesepotato_hl next time, verify your information and data first before randomly shooting your shot because you never know what goes on behind the scenes.
sure, there are tons of projects and teams out there seeking to rug, but instead of posting random stuff like 'PROJECT ETC ETC IS A SCAM, AVOID' then being silent for half a day and not sharing more details - instead, obtain more information first, then share and let the community decide.
also, putting this out there to every other HL folk out there who commented on mlmabc's post saying that 'they are watching this post for those who shilled this the past few weeks' - what are you watching for? for you to be right and you can shout to everyone that you are right? putting this out to those that are nitpicking edison's comment on PUP being the first token on hypercore - yeah he's wrong, so? you gonna put him on a stake after going through so much?
kudos to @edison0xyz, @starigade and @BasedPandaPo for soldiering through. job's not finished.
Newman Capital retweeted
.@BasedOneX’s last 24 hour revenue is 10x of the second place Phantom, standing at 800k atm. It’s officially the largest app on Hyperliquid. It also accounts for 17.5% of Hyperliquid’s trading volume.
Might be one of the best investments that I have made over the past few years. Now the question comes, when TGE @edison0xyz ?
Newman Capital retweeted
Over last several years, me & Newman invested in and advised web3 projects in all verticals: NFTs, DeFis (tons of BTCfis), socials, gaming, infras, etc.
Not many know that, but Newman and myself have invested in / advised most NFT projects / their affiliations. @Igloo / @pudgypenguins , @animecoin @Memeland, @dapperlabs, @TaprootWizards, @RektCoin, @Pixelmon, @yugalabs (small $).
Since I dedicated time to the first @ComplexCon HK as an investor, I had gradually shifted focus to investing more time in web3 culture.
And fast forward to now, I am all in on web3 native IPs, I am all in supporting NFTs.
Newman Capital retweeted
Insane story of @edison0xyz on @basedappHQ performance within one month launch of the app on @HyperliquidX - 1 billion USD trading volume within one month.
I can’t even recall how many times of pivot did Edison make to make this work, from the beginning built out on Luna, to base, to b2b subscription based payment solution, to the current product with pmf on Hyperliquid. Hearing a lot of amazing feedback from the Korean community.
That’s mamba mentality. Glad that @Newmancapitalvc backed Edison.
Replying to @edison0xyz @hashed_official @TheSpartanGroup @Newmancapitalvc @DeFianceCapital @ASvanevik @tongnk @xinshudong
16 June: Decide and sent out email
24 June: HyperApp launched
15 Jul: Releases first version of web terminal because we are not retaining users
25 Jul: 400M volume
29 Jul: Number 2 in daily traction
Newman Capital retweeted
Was catching up with a fellow founder today, two projects that I think are interestingly tackling consumer crypto:
1) @Revolving_Games - as a studio, they are receiving millions of revenue from games launched, with 100% community-based tokens. First game @Hatchkings is perceived very well among community and $hatch is sitting at 55m FDV. Stay tuned to the main token launching soon.
2) @rektdrinks - they sold 500k+ (forgot exact number) of drinks with a incentive based mechanism. Started with a free minted NFT collection, the REKT brand also has a huge community on day 1 as consumers. $rekt sitting at ~120m.
No bs, if you don’t get consumers (users who pay for your products), you haven’t worked out consumer crypto, that simple..
Newman Capital retweeted
Stacking TVL just hit a new all-time high with over 550M STX stacked!
The big question now: how much more can Stacking DAO grow from here?
More than you might realize, and it has big implications for @Stacks DeFi.
🧵 ⬇️
Newman Capital retweeted
the Taproot Wizards will be distributed to mint wallets tomorrow, friday march 28, at or around 10:00am ET.
(give or take a block or two)
happy trait hunting! see you tomorrow 🪄
Newman Capital retweeted
We’re in.
Every swipe on the @MetaMask Card now earns you ZERO as cashback.
Built on @LineaBuild. Powered by Coinmunity.
More deets 👇
Now, every spend on @MetaMask Card gets you 8% back in $FOXY, $CROAK, $NILE, $LYNX, $SOULS, $MENDI and $ZERO.
Claim your Coinmunity Cashback at app.coinback.fun
Tap. Earn. Repeat.
Details here: linea.mirror.xyz/gLosdaZ5Pjs…
Newman Capital retweeted
What's happening on @Stacks?
Here is everything you need to know about from the last few weeks. 🧵 ⬇️
Locked in!
THE WHITELIST FOR TAPROOT WIZARDS IS NOW CLOSED
we added a small number of WL spots for people who missed the first round.
if you didn’t have a WL before, check again, you might be one of the lucky few who got a spot.
the mint goes live tomorrow, Tuesday March 25, 1pm ET, and will go on for 8 hours until 9pm ET.
1,750 Taproot Wizards will go on sale. a public auction will be held on Thursday Match 27 for any of the 1,750 wizards that won’t be claimed tomorrow.
we expect the remaining quantity for the auction to be small. more details on the auction will be revealed once the WL mint is over.
THE WIZARDS WILL NOT BE DISTRIBUTED TO WALLETS ON MINT DAY. in order to ensure maximum safety of your purchase, we will be distributing your purchased wizards manually, with safety checks, only after the auction is over. we expect to distribute them to all buyers on friday. however if the team determines that more time is required to distribute safely, we might delay distribution to monday. we will post updates on our X account.
you waited 2 years, you can wait a few more days! 😂
YOU WILL BE ABLE TO SEE YOUR NEW WIZARD AS SOON AS YOUR PAYMENT TRANSACTION CONFIRMS. while the wizards won’t be distributed to wallets until a few days after the mint, you WILL be able to see the wizard you’ll receive on your mint dashboard, as soon as your payment transaction confirms. so don’t worry! you will meet your Forever Wizard tomorrow 🧙♂️
you can find the mint URL in the first comment below. check your WL eligibility, and we’ll see you tomorrow!
Newman Capital retweeted
The circle is complete.
@STARKNET ↔ BITCOIN swaps are now live on Xverse Cross-Chain Swap.
Newman Capital retweeted
Immutable is launching the beta version of the Perpetual Rewards program for real gamers.
We are committed to allowing Web3 games to reward gamers through a fun and sustainable product.
More information on how you can prepare for launch 🧵
Newman Capital retweeted
Introducing Black 💳
A crypto credit card, that opens automated credit lines by borrowing stables against your assets 🚀
Join Waitlist app.zerolend.xyz/cash/
Details for Taproot Wizards whitelist are out! 👀
THE TAPROOT WIZARDS WHITELIST IS LIVE
the moment we’ve all been waiting for is here. please read all the details below. there’s no need to rush, if you’re on the whitelist you have time.
we’ve had thousands upon thousands applying for the whitelist. we tried our best to reward consistency, creativity, and magical vibes. those who have been with us for 2 years and supported the movement had an advantage, but exceptional entries to Quest 5 were given a boost too.
in the end, it’s just not possible to make room for everyone. many amazing members of the Taproot Wizards community over the last 2 years will sadly not have a spot. we still love you! you can stay part of the family with a Quantum Cat, or just by being part of ordinals. we are all Wizards!
🧙♂️🧙♂️🧙♂️
a total of 1,750 Taproot Wizards will go on sale on tuesday.
100 more have already been allocated (for free) to some of our most exceptional members, like the Wizard School Graduates, competition winners, golden capes, and other contributors over the last 2 years. some of this is also allocated for future incentives.
200 Taproot Wizards will stay with the team.
🧙♂️🧙♂️🧙♂️
of the wizards that go on sale, 828 have been claimed by Quantum Cats holders who entangled their cats (1,656 cats!). Entanglement is now closed and NO LONGER AVAILABLE.
the rest will be available for the whitelist released today, at a price of 0.2 BTC.
since we have a long waiting list of wizards who wish to mint and didn’t make the cut, whitelisted accounts must load their wallets with 0.2 btc ASAP and NO LATER THAN MONDAY, MARCH 24, 12PM ET. minters who don’t do this in time might lose their whitelist spot.
🧙♂️🧙♂️🧙♂️
here’s what you need to do to check your eligibility and prepare for mint:
1️⃣ go to the mint website (link in the comment below)
2️⃣ connect with the discord account you used for the various quests and missions
3️⃣ if you have a “Wizard School” whitelist spot you’ll see that on your screen
4️⃣ you MUST load your payment address with 0.2 btc by monday, march 24, 12pm ET. IF YOU DON’T YOU MIGHT LOSE YOUR SPOT.
5️⃣ see you on mint day! minting begins tuesday, march 25, 1pm ET and will close at 9pm ET.
6️⃣ a small dutch auction is planned for remaining unminted wizards. details on that will follow later.
7️⃣ to ensure safety of the distribution process, the Taproot Wizards will be distributed to minters a few days after the sale concludes. you will be able to see your new wizard on the mint site immediately after your payment confirms!
Newman Capital retweeted
On Thursday at 4:00 PM EDT, the @FutureGamesShow Spring Showcase is set to amaze us as it features more than 40 games—many available on the Epic Games Store.
Want some spoilers? Check out this 🧵 teasing five games you can expect to see much more of.
Newman Capital retweeted
Builders have now earned nearly $13 million in fees.
With our SDK, eventually anyone—even those without coding experience—will be able to launch a highly customized perp DEX tailored to their community.
It’s like WordPress, but for perps! Liquidity included.
Newman Capital retweeted
Something exciting is coming with $IMT.
@ImmortalRising2 is built on Immutable.
Newman Capital retweeted
Shaping the Future of AI in Web3!
AI is evolving, but without trust and verification, its potential is limited. That’s why we are teaming up with @Synthelix to advance secure, scalable, and decentralized AI. Together, we’re building a future where AI operates seamlessly within Web3. Stay tuned— big things are coming! 🔥
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