Starship Treasury Report July 2022
The Starship Treasury has increased in value to $2,089,289, which represents a 4% increase in USD terms and a 17% increase in ETH terms since our last treasury report on 6/1/22
The market has seen wild swings over the last two months. While ETH and BTC have bounced significantly off of local lows, blockchain gaming has not, and continues to be in relative pain.
Excitement is building though for Axie V3. While SLP earnings have not been transferred over from version 2 to version 3 of the game yet, scholars appear to be enjoying the V3 gameplay much more.
We continue to search for stand out teams and games to support; ones who are building for the long run and have sustainable economics. We acquired a small position in Kumite NFTs, and are looking closer into the land sale of Neopolis, a blended web2/web3 ecosystem that we are generally bullish on.
A special shoutout also to AlphaBack, who are building a DAO owned ad network that pays people for viewing ads. Web3 ad networks are going to be a critical component to the expansion of games, and we’re impressed with the team and what they’re building.
The Starship Treasury has increased in value to $2,089,289, which represents a 4% increase in USD terms and a 17% increase in ETH terms since our last treasury report on 6/1/22.
We continue to outperform the majority of the guilds in the market, many of whom have seen major losses, and some who have had to fully close operations due to the downturn.
A bright spot in the treasury has been our holdings of the Decentraliens, which have seen over 100% increase in floor price over the last two months, likely in anticipation of a major upcoming announcement.
Below is a table that breaks down the current guild assets between cash, (fungible) tokens, and NFTs.