Alpha Report #3
Introduction
For many of us who follow the Gregorian calendar, we have already greeted a new year, and for Chinese Lunar calendar followers, the year’s biggest and longest celebratory holiday will soon be underway. December was very busy regarding NFTs, with the Shark Trade, phase 3 mint, and then the grand finale of the dolphin NFT airdrops to reward vVv’s strongest proponents. We also held the first of many exclusive real-life vVv meetups in Marbella, Spain. And although there’s been a lull for most projects in the midst of this crypto winter, the vVv team has been adapting and exploring new avenues to bring continued value and opportunities to the community in 2023.
-Crptogrl2, resident baby shark
Upcoming Events
vVv IRL Event #2 : February
vVv Newsletter
With Revue’s untimely demise, we’ve moved the vVv Newsletter to Substack. I liked Revue and its seamless Twitter integration, but it was not immune to Elon’s rampage. The transition was bumpy, but we successfully migrated our past issues and subscriber list to preserve continuity.
vVv Snickerdoodle Investment Update
Below is the official reply from Snickerdoodle Labs regarding their impact from the FTX/Alameda fallout.
Over these past few days, I've received dozens of phone calls and messages concerning the state of Snickerdoodle and the fallout from FTX's bankruptcy filing.
In truth, while last week's events will likely be a watershed moment for our industry it has had NO direct impact on our financial well-being.
Snickerdoodle didn't have any funds custodied with FTX, and we remain well capitalized to continue to build the ambitious vision we set out on last year. Alamada Research, however, was a seed investor and had around one percent of the equity in the company. Their investment was made over a year ago and paid in cash. Over the coming months, we'll attempt to see what we can do to repurchase those shares, but given their ongoing bankruptcy proceedings, it is not a near-term priority and has no impact on Snickerdoodle.
Let me be very direct that what happened with FTX appears to be fraudulent activities that while they may cause some to lose trust in Web3, should be taken in the context that this is not the first time nor is Web3 the first industry to experience a bad result from bad actors. We should not let that define the industry.
I firmly believe that Snickerdoodle matters now more than ever because what we are building has the potential to control the risks highlighted by FTX's collapse while enabling better user accessibility, control, security, and privacy.
Jonathan Padilla, CEO, Snickerdoodle Labs
On the Alameda investment:
Alameda, through Clifton Bay Investments, was an investor in our equity seed round in 2021. This equity round came with token warrants. Claiming the tokens required a small payment, which explains the $218 "investment.
Alex McComb
CPO & Co-Founder
Snickerdoodle Labs
vVv 2022 Year in Review
vVv is off to a great start in 2023, but let’s not forget all our accomplishments in 2022:
NFT News
Shark Trade
The shark trade on December 11th was the last opportunity to acquire a shark NFT, besides purchasing on the secondary market, that would qualify one for the NFT airdrop at the end of December. For many members who did not merit and mint a shark in phase 1 or who needed to be more successful in passing the final shark test within the top 20 fastest testees, the shark trade was their salvation to join the coveted shark ranks. The number of trade-in dolphins for a shark ranged from 1-4 dolphins : 1 shark, with a 1 shark per member limit. The number of dolphins required in the trade depended on the metrics used for the NFT airdrop.
Final statistics: 115 Dolphins traded for 64 Sharks
A warm welcome to all those whose names turned red!
Phase 3 mint
NFT holders and whitelisted members were allowed to mint from 2-20 dolphins, with some select whales given the opportunity to mint up to 50 dolphins during the final phase of our mint on December 15th. Again, these NFTs are autostaked for 12 months, and the mint success was a testament of the long-term conviction of our community in vVv’s vision.
NFT Airdrop
On December 20th, 356 dolphin NFTs were airdropped to 165 members with a market value of $700,000. 1700 NFTs from the vVv vault will be burned which directly translates to increased value and exclusivity to our holders. The final collection size of vVv S1 is 3,300 S1 NFTs.
The purpose of the airdrop was to reward top supporters of vVv who are the cornerstone of our community. It would not have been possible to have accomplished all that we have today without the continued support of these individuals and thus rewarding them is justified reciprocity.
The qualifying metrics for the NFT airdrop included:
Top investors
Top stakers
Top holders
Top students
Top shark test scores
Best homework
Best testimonials
Best AMA questions
Shark stakers
Whale stakers
Team members
Community leads
IRL attendees
NFT Q&A
Q1: Which one is my vVv NFT and how do I locate my PFP?
A1:All phase 3 minters can check their NFT assignment on the phase 3 mint sheet. NFTs are assigned to usernames with NFT token IDs and a direct link the NFT on OpenSea. Original collection gifs can be downloaded here.
Q2: Who owns my NFT?
A2: Only NFTs minted in phase 1 were distributed and given the choice of a 6 or 12-month stake. All subsequent NFTs, those minted in phase 2 and 3, were autostaked for 12 months. Autostaking denotes that the actual NFTs are held by the vVv staking contract (0xe464DDdB1250043c5Be6b95bD1Ba3bBc9beb850b) for exactly 12 months from the mint date. Keep in mind that these NFTs will not be distributed to wallets. However, each minter will be the owner with the sole power to unstake the NFT after 12 months.
Q3: When can vVv NFTs be sold or transferred?
A3: For phase 2 and 3 minters, 12 months post mint date is the earliest one can engage in any activity with their vVv NFTs.
Q4: What else is required of minters?
A4: Nothing else. All server roles have been granted, and all NFTs have been autostaked. When the vVv Discord becomes private, all holders will retain full server and investment access.
Q5: Where can I locate my NFT collection and past investments with vVv?
A5: We recommend setting up an account on the vVv dashboard. The dashboard will show each member’s NFT collections and allow one to manage vVv investments. All investment data may not be available at the moment as we continue updating.
Q6:Where are my airdopped NFTs?
A6: The airdropped NFTs will be autostaked at the end of January. However, assigned NFT token IDs can be viewed under the tab "Airdrop 1" on the vVv dashboard.
Q7: Where are the NFTs from Shark Mint, Shark Trade, IRL event or Twitter raffle?
A7: These NFTs will be manually sent to wallets exactly 12 months after the original date of the respective event. Again, token IDs can be viewed under the respective tab on the vVv dashboard.
NFT Statistics
Brought to you by community lead and resident statistician Karel | Vlamingk :)
Dolphins
Dolphins staked before phase 3: 781
Dolphins staked after phase 3: 2413
Dolphins staked after phase 3 & Airdrop: 2773
Dolphins removed by shark trade: 114
Total Dolphins left in circulation: 183
Phase 1 burned dolphins: 40
dolphins burned: 1700+
Sharks
Total Sharks staked: 97.06% (165/170)
Total Sharks staked from phase 1: 92.31% (60/65)
- 60 Sharks handed out in phase 1 (out of 65) voluntarily staked
- 2 Sharks handed out in phase 2
- 36 Sharks minted in phase 3 (24 single mints, 6 double mints)
- 60 Sharks traded in the shark trade
- 7 Sharks handed out for the IRL event
Whales
Total Whales staked: 81.25% (65/80)
Total Whales staked from phase 1: 80.00 % (60/75)
- 75 Whales handed out in phase 1
- 5 Whales handed out at the first IRL event
Total
Addresses with total NFTs 10 or more staked: 81
Addresses with total NFTs 5 or more staked: 166
Addresses with Total NFTs 4 or more staked: 208
Addresses with Total NFTs 3 or more staked: 291
Other stats
Total Unique holder wallets (w/o vault&stake) before phase3 dolphin mint: 542
Total Unique holder wallets (w/o vault&stake) after phase3 dolphin mint: 700
Active Wallets (have at least 1 NFT staked) before phase3 dolphin mint: 453/542 (83.58%)
Active Wallets (have at least 1 NFT staked) after phase3 dolphin mint: 626/705 (88,79%)
Top 10 Holders
Address - Owned - Staked
1: 0x6fac 91 91
2: 0x0a57 72 67
3: 0xb12f 70 70
4: 0x2978 63 63
5: 0x855c 61 61
6: 0x71c2 55 55
7: 0xf5ef 46 42
8: 0x7bb8 32 32
9: 0x08fb 31 31
10: 0x2669 29 29
Holiday Raffle Winners
Congratulations to all the Holiday Raffle Winners, and thank you to all those who participated! Some of the puzzles were seemingly solved even before the hints were dropped, and competition among vVv members was scary :).
The final round-up of winners and prizes:
Round 1: Kirby | KirbyGivesTips won a vVv dolphin NFT
Round 2: Nick | HardMadeEZ won a vVv dolphin NFT
Round 3: MARIO | cryptobross won a vVv dolphin NFT
Round 4: Kirby | KirbyGivesTips won the grand prize of a vVv whale NFT# 4785
Community Events
First vVv Real-Life Event
On December 2nd, 18 individuals - 6 vVv team members and 12 top performing community members - from around the world attended the first ever vVv real-life event held in Marbella, Spain. This unprecedented 3-day event undoubtedly set higher standards for all future crypto events. A super exclusive event with lavish amenities and decadent indulgences while also being a mentally stimulating master class in personal growth with high-value guest speakers and the connection of life-long bonds.
You know that moment when you’re on the verge of experiencing something so extraordinary, so powerful, but you cannot put your finger on it? That feeling as if you’re about to unlock a new level. You’ve been searching for so long, and deep down, you know you’re close, but still, you cannot find the key to the next passage. Let me tell you, the vVv IRL event was that key.
Misha | MF
Attendees
Team: CEO Sean Marcel, CSO Andrea Pensold, Research Analyst Jesse and James, Academy Mentors Christian and Leon
Community Leads: Mario | CryptoBross
Sharks: Martyn | CA91, Chris | Scozzy, Josh | Mr Gunnar, Kacper | Taloner, Nathan | DrakeN
Whales: Chris | CryptoVisard, Arty | Arty Generation, Orlando | Limitless, Andrej | strupsirup, Romy | APAP
Dolphins: Tobias | battlecat, Misha | MF
We truly were able to build a network of purpose, mutual admiration, and personal growth. Whether it was how to be a better businessman, fighter, lover, builder, or brother - each lesson built upon the next and kept reflecting the same values: strength, mental openness and control, sacrifice and success, spirituality, and the importance of an unshakeable core.
Christian | Squabba
For all those who could not attend the first IRL event, you’re in luck. The next IRL event will be held in February. Applications and details coming soon!
Guest Speaker Dorian Yates: Achieving Success as a World Champion Competitive Athlete
Dorian Yates is a 6-year consecutive Mr. Olympia bodybuilding Champion. Coming from humble beginnings, Yates's sheer fortitude, determination, and grit propelled him from a foreign underdog to an industry pioneer who redefined the standards in international professional bodybuilding. At the event, Yates shared his life journey, touching upon:
Negativity as a personal motivator
Goal setting for continued success and accountability
Psychological and mental plasticity
Mental mastery
Mental rehearsal
Necessary sacrifices in the pursuit of greatness
And for all our Academy students, Dorian Yates will be the topic for lesson #10.
vVv Community Resources
Thank you to vVv research analyst Jesse who compiled a resource database for members to review key blockchain and Web3 topics.
vVv Research Team Call
In our latest Research Team Call, we review how FTX/Alameda has impacted our VC investments and how to break out of the negative Crypto Twitter/Web3 bubble.
vVv AMAs
Eclipse Laboratories
Eclipse is a modular Layer 2 chain-agnostic settlement layer, which enables developers to deploy customizable rollups via the Solana virtual machine, SVM. DApps are built on an L3 app chain that sits on top of Eclipse and scales horizontally. They are building optimistic rollups, a zero-knowledge virtual machine for the Solana VM, and a novel honest minority settlement layer that does not rely on the assumption that the majority of nodes are honest. They plan to support Solana, Ethereum, Aptos, and Cosmos via Inter-blockchain Communication (IBC) and have partnerships with Celestia, EigenLayer, Oasis Labs, Polygon, and NEAR.
Visit our website to read the full Eclipse AMA article.
Fleek Network
Fleek Network is a decentralized content delivery network (CDN) that allow users to serve content and applications in a censorship-resistant and trustless manner. The Fleek Network is peer-to-peer (P2P), origin agnostic, and offers a low-cost service with blockchain and consensus algorithms. All content will be IPLD-based (InterPlanetary Linked Data) and content addressable, creating a public record of the world’s bandwidth and the content served, similar to how smart contracts bring transparency to financial transactions.
Visit our website to read the full Fleek AMA article.
Investment News
If you have yet to join the Snickerdoodle wallet beta test, or failed to receive an email invitation, please register here and contact Andy, who will inform Snickerdoodle to resend the invitation!