Visionrare is one of the coolest usecases I have seen come out of NFTs recently - props to the creators! The FOMO got to me and I bought two n1 pieces of virtual equity in startups I like.
Great to hear you bought some VisionShares!
Show HN: Visionrare, an NFT-fuelled startup investment game
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Re: Show HN: Visionrare, an NFT-fuelled startup investment game
#12So this is like synthetic stocks, but only for (illiquid) startups, and gamified? It’s hard for me to tell what value my “investment” in any of these fantasy startups creates. I would much rather invest directly in the startup, where my money can be visibly put to use by the startup to help realize their goal.
It is indeed a lot like synthetic stocks, but for private companies. This brings quite some complexities along in terms as how to value the companies even if just relative to each other. To help solve that we're partnering with startup data providers and are building scoring algorithms.
If you have enough money and access to deals, it is undoutably better to invest in real equity. However, through our game we aim to empower people that don't meet that description to learn, have fun and become micro-backers of companies they believe in.
Re: Show HN: Visionrare, an NFT-fuelled startup investment game
#13The three other comments on this post feel like they are from the creators and friends...
We only know janhenr, who's an avid PH reader, personally
Re: Show HN: Visionrare, an NFT-fuelled startup investment game
#14So this is like synthetic stocks, but only for (illiquid) startups, and gamified? It’s hard for me to tell what value my “investment” in any of these fantasy startups creates. I would much rather invest directly in the startup, where my money can be visibly put to use by the startup to help realize their goal.
Your investment creates no value, this is less like synthetic stocks, and more like horse track betting. Just like with betting, you bet on some companies (horses). The bets then go into a pool (of which visionrare takes 20%). Based on the performance of the company (or horse) you pick, you get paid from the pool.
I'd be surprised if this didn't get regulated as gambling if a government watchdog decided to look into this.
Re: Show HN: Visionrare, an NFT-fuelled startup investment game
#15What countries are you licensed to operate in? Some countries will also punish the player for playing on unregulated gambling sites, so it would be nice to know which countries you're licensed to operate in.
Re: Show HN: Visionrare, an NFT-fuelled startup investment game
#16What blockchain will the NFTs be stored on?
Re: Show HN: Visionrare, an NFT-fuelled startup investment game
#17The three other comments on this post feel like they are from the creators and friends...
Know the founders personally, but my comment still stands. Was honestly not a fan of the whole idea up until their launch day today.