Buy one Jenkins the Valet ticket

Proposal 055: Buy one Jenkins the Valet (JTV) Writer’s Room ticket

Asset: One JTV Writer’s Room ticket (lowest tier)

Total Price: Current floor is 1.48 $ETH

When: Upon the passing of this proposal

Why: Jenkins the Valet is a relatively well-known but under appreciated project. They are not your traditional PFP project but rather one that is looking to shake up traditional media and blaze a path for web3 in that industry.

I have been tracking this project for awhile and there are quite a few upcoming catalysts that I believe will a) drive up the price of the genesis NFT and/or b) net us additional assets that will make this a profitable trade.

The Jenkins floor has been hovering pretty steadily around 1.5 $ETH for the last few weeks waiting for their first book to drop. It is tentatively scheduled for late April / early May. Holding a genesis Writer’s Room NFT (like the one I’m proposing we buy) would get us a free claim of the Book 1 NFT + a physical copy of the book.

From there, we would be able to later burn the Book 1 NFT for an Azurbala NFT. Azurbala is the next chapter in the Jenkins project and is tentatively scheduled for the end of Q2. It is a new PFP project they are introducing and involves an entirely new universe they are creating. The artwork they have leaked surrounding this universe has been quite good.

While book 1 was just for BAYC/MAYC, Jenkins has confirmed they will be opening up future books/media to other PFP projects. The JTV team also teased a potential Gutter Cat Gang partnership earlier this week. Any announcement of the new partners would likely drive up demand to the project that already has a very low number of NFTs listed.

Finally, one of the co-founders (Safa) recently teased that they have an announcement ready that will be bigger than the Creative Artists Agency (CAA) deal they announced months ago.

If just one or two of these catalysts hit, I envision the floor of the genesis NFT rising. If all hit, I could see the floor rising significantly.

Bear Case: Below are the risks to the investment. From what I have seen from the JTV team, the partnerships they have already inked, and what they have delivered to holders so far, I would say options B and C are very unlikely but I wanted to list them out just in case.

a) NFT bear market b) delays to roll-out of book one or Azurbala c) book one or Azurbala not well received by community