- Digital Asset Investor
- 🥘 Rare Sats
🥘 Rare Sats
This week I talk about inscribing my first Bitcoin Ordinal NFT, how not to acquire a .com, and Zoomer Media acquiring more newsletter businesses
Hey there 👋,
In this week’s newsletter, I discuss:
Inscribing my first Bitcoin NFT
Why you should not negotiate for domains publicly
Zoomer Media buying more newsletter businesses
Richard Patey - @richardpatey
Following on from talking about buying My First Ordinal Bitcoin NFT, I’ve just created (inscribed) my first.
Every Bitcoin NFT is inscribed on a satoshi, or “sat”, which is the smallest unit of Bitcoin (1 Bitcoin = 100M sats).
Bitcoin has periodic events, some frequent, some more uncommon, and these naturally lend themselves to a system of rarity.
These events give us the following sat rarity levels:
common: Any sat that is not the first sat of its block
uncommon: The first sat of each block
rare: The first sat of each difficulty adjustment period
epic: The first sat of each halving epoch
legendary: The first sat of each cycle
mythic: The first sat of the genesis block
This is a great thread below by Elena with more details, as well as this post on Ordinal Hub:
Rare sats are digital diamonds, and their value will only increase with time
— Elena🌸 (@ElenaaETH)
Jun 13, 2023
You can pan for gold and see if you have any rare sats at places such as Ordinal Hub (I did not).
This all adds an extra layer of complexity to Bitcoin NFTs, vs those on ETH or SOL, as there can be intrinsic value in the sat that the NFT is inscribed on.
Talking of inscription, you can use UniSat to inscribe your own .sats names.
So I created patey.sats, the 11,841,938th inscription on Bitcoin:
This could result in a potential collision, so may be one for the Web3 Domain Alliance to help with, which pledges:
To protect users and endeavor toward the development of interoperable NFT domain naming systems by promoting voluntary avoidance of namespace collisions with existing Web3 naming systems in the Web3 domain industry.
When Andrew at MicroAcquire asked whether he should drop the micro and acquire acquire.com, he already had the name:
Drop "micro" from @microacquire?
Here's what my team thought with comments after speaking with 1000s of startup founders over the course of the past 3-years.
Comments below 👇👇
— Andrew Gazdecki (@agazdecki)
Oct 26, 2022
However, Daniel from smallbets.co recently tweeted about trying to get the .com, something he’s not been able to achieve:
Trying to get again. Last time I checked, the owner asked me $300,000 😬
Will he accept my new offer?
— Daniel Vassallo (@dvassallo)
Jun 11, 2023
Daniel offered to lease the domain with an option to buy outright. However, the owner of this domain Francois Carrillo is an OG domain investor who I connected with last year. I’ve seen his portfolio (and his success) and this type of tactic simply won’t work. At best he won’t care, at worst he’ll raise the asking price.
Which is a shame as when Pieter Levels bought the .com it had a dramatic effect on his traffic and startup:
I think 2 months later we can incircumstantially conclude that yes you should buy the .COM for your startup
This is remoteok.com (before was .io)
— @levelsio (@levelsio)
Jan 31, 2022
Last week’s Creator Funnel was all about newsletter exits, including my own:
I wrote about how Zoomer Media had just acquired The Peak for $5M. Since then, it’s been announced that it acquired a newsletter business with 150K subs, along with the website, for $1.1M:
ZoomerMedia just announced the acquisition of classical music news site & newsletter Ludwig Van for $1.1M.
"Just" 65,000 monthly readers but 150,000 newsletter subscribers. Newsletter clearly their main focus.
Love seeing success in varied niches. Congrats @Mic@Michael_Vincentp
— Glen Allsopp 👾 (@ViperChill)
Jun 12, 2023
I also announced the acquisition of my two other beehiiv newsletter, Creator Funnel and Acquire The Web newsletters by Wisdom Media:
Interested in reaching 3700+ subscribers with your message?
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.