Clones

PROJECT URL: https://clonex.rtfkt.com/ INVESTMENT TYPE: NFT blue chip REQUESTED SPEND: 35.0 WHY WE BUY RTFKT studios, led by artist Takashi Murakami, is an art studio that was acquired by Nike in December 2021. This project is Nike’s commitment to NFTs and digital assets for the long-term. Despite seemingly outrageously high prices, the NFT space continues to be dominated by large-cap, PFP projects. The cornerstone asset of this ecosystem, Clone X, is considered a top 5 NFT project/ecosystem all-time. Value has been accreted mainly through airdrops to Clone X holders and NFT price appreciation. In the first 5 months since Clone X release, the team has dropped several airdrops totaling 12+ ETH in airdrop value. Some catalysts to consider: MNLTH reveal: NFT community was in a frenzy ahead of the locked box reveal that took place on 4/22 which included evolving sneakers Murakami Flowers Reveal: Date unknown but also very important to the future vision of the project Murakami NYC exhibit 5/11: Unknown what will happen, but we expect there will be some sort of bullish announcement (i.e. Azuki airdrop at NFT LA event) Stated intentions to continue Airdrops in the future WHEN WE SELL This is a long term investment, likely for the life of WAAMI DAO Szn 1 PROPOSING MEMBER Michal INVESTMENT STAGE Secondary Market 3 THINGS TO MONITOR THESIS 1.The effect of current airdrops when revealed: MNLTH and Murakami Flowers 2.Can RTFKT capitalize on the large cash base they have by continuing to expand the brand into the metaverse 3.General shift from PFP Blue Chip popularity to new projects/trends. Clone X/competitors all come back to earth. Team not delivering on future promises and overall vision - will Nike overlords screw it up and branch out to other projects in the future?