Hey there 👋,

In this week’s newsletter, I discuss:

• Expired ENS domains come at a $100M premium

• The #1 Website Broker on Flippa

• Newsletters becoming more of an asset class

• The rise (Opepen) and fall (Moonbirds) of PFPs

Over the last week I’ve been working with a pixel artist to create a much better logo for this newsletter that can work on top quality merchandise I’ll be giving away soon as referral rewards (I love the pillow):

And I’ve been working on the Digital Asset Investor Manual, to make it the most comprehensive guide to investing in digital assets. It’s now at over 7,500 words (no fluff), plus screenshots and videos:

As such I’ve increased the price from $29 to now $47, or free if you refer 10 people to this newsletter (I’ve added a new referral reward). I’ve also increased the price of the Acquire The Web Manual for my other newsletter on beehiiv from $47 to $97. I kind of like this model of building value in public.

Cheers!

Richard Patey - @richardpatey

DOMAINS

In a previous newsletter I mentioned looking to pick up ENS (.eth) domains that were expiring 12 months on from the craze last year.

Well that time is now, and some people who have been using their .eth for their twitter handle and let it unknowingly expire are not happy:

If you got to ENS.Tools you can find all kinds of names expiring or already expired. I wanted to see if I could pick up a 4 digit one, part of the 10K club whose floor has now dropped as low as 0.54ETH:

So I used this filter where you can see that 2021.eth is expiring in a few hours time:

The only issue is that there is a temporary $100M (!) premium attached to all newly expired names (I did not know this) and it’s currently priced at over $80M:

I’m not sure how you can snipe one of these without others knowing…

CONTENT SITES

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Thanks to Just Website Brokerage for sponsoring this issue 🙏

NEWSLETTERS

💰 Newsletters becoming an established asset class

Over the last week there’s been a lot going in with newsletter investments.

First up Anthony Castrio announced that he had sold 20% of his 3000 subscriber newsletter for $10K, valuing it at $50K:

He states that the valuation was closer to $30 per subscriber due to how fast the newsletter was growing (although that would have made the valuation $100K):

This is very impressive seeing as when I’m valuing newsletters I’m looking to buy, I’m aiming for $2-3 per open (rather than per subscriber).

Then Mike Cardona announced that he had done a similar deal:

With someone asking if this is like fractional ownership of newsletters.

I personally had an offer of investment for equity in my website investing newsletter back in 2020, but instead chose to sell 100% which all went in my pocket, which is my preference.

And then just yesterday, Dan Kulkov, the co-founder of Makerbox announced that he had sold 100% of his Sponsor This Newsletter product:http: 

The buyer was Scott Oldford, serial entrepreneur and investor and now founder/CEO of The Wisdom Group, which has a portfolio of 30+ companies.

Due to all of this, Paul Metcalfe has even added a new channel in his excellent Lettergrowth Lab community:

Classifieds

NFTS

💎 The rise and fall of PFPs

It’s been an interesting week with Jack Butcher’s assets.

Checks - VV Edition (the unmigrated version) is down to a 0.439ETH floor, the (migrated) Checks - VV Originals are down to 0.3ETH and Opepen was as high as 0.444ETH yesterday, potentially flipping Checks VV. It’s now consolidating at 0.4ETH.

This is crazy to see, seeing as the bluechip Checks (VV) was as high as 2.8ETH floor back in February:

It all comes down to the fact that the market likes and understands PFP projects, which Opepen is about to become. Jack tweeted yesterday that he has now made the collection a round 16K, with the reason being something to do with packs:

This got the market excited, and some see this as being the CryptoPunks of AI generated PFPs:

I’m certainly holding my one remaining (after farming a bunch on Blur).

So that was the rise and here comes the fall.

After spawning Mythics Eggs yesterday (which have a slight premium on Oddities), Moonbirds are almost back to their 2.5ETH mint price:

It’s insane to see how such a well funded project with all the wind in its sails has round tripped.

📧 Other Investing Newsletters

Ok, that’s it from me, until next week, be well and share this newsletter to get my referral rewards:

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Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on digital asset news and what I'm doing personally - consider it informational and for entertainment purposes only. This newsletter is monetized through sponsorship, affiliate revenue and my own products.