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Nick Tomaino Profile
Nick Tomaino

@NTmoney

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869
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669
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9,704
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@1confirmation . low extraversion, high conviction

Joined March 2009
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@NTmoney
Nick Tomaino
3 years
Hal Finney predicted the NFT boom in 1993. Legend
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@NTmoney
Nick Tomaino
1 year
The Biden Administration’s crypto timeline: - Sam Bankman-Fried is the second largest donor to Biden’s presidential campaign - Biden appoints Gary Gensler as chairman of the SEC - Gary Gensler hosts friendly meeting with Bankman-Fried and FTX execs, no action letter
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@NTmoney
Nick Tomaino
2 years
SBF stole over a billion dollars from over a million people and he’s still lounging in his Bahamas penthouse and being praised by the mainstream media How can we ever trust them again?
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@NTmoney
Nick Tomaino
3 years
$6.5B+ in JPEG sales on @opensea so far this year and 99% of the world still has no idea what an NFT is
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@NTmoney
Nick Tomaino
2 years
Recently bought Cryptopunk #4156 for $3.31M Here’s why:
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@NTmoney
Nick Tomaino
9 months
Under Gary Gensler's leadership, the SEC: - Missed biggest fraud since Madoff (FTX) 🫤 - Attacked good actors (Coinbase & Kraken) 😠 - Pushed many great entrepreneurs offshore 😢 - Botched the Bitcoin ETF approval announcement 😂 You really can't make this shit up.
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@NTmoney
Nick Tomaino
3 years
In January BAYC & MAYC did more in sales on Opensea ($495M) than the global movie industry did at the box office ($482M)
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@NTmoney
Nick Tomaino
2 years
A few months ago @zhusu publicly ridiculed ETH and started relentlessly shilling LUNA. Lots of people followed These influencers are setting our industry back
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@NTmoney
Nick Tomaino
3 years
Most don’t realize how many Ls you need to take to win big
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@NTmoney
Nick Tomaino
9 months
Federal prosecutors dropped the campaign finance case against Sam Bankman-Fried on the last business day of 2023, a Friday afternoon. The politicians that took hundreds of millions of stolen funds from him keep their money and keep their grift going. Anyone who doesn’t see that
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@NTmoney
Nick Tomaino
2 years
Never been more proud to work in crypto. CT exposed the biggest fraud since Madoff and charlatans are getting flushed out left & right. Meanwhile NFTs continue to permeate culture, DeFi use cases are more clear than ever and DAOs and decentralized social networks are emerging
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@NTmoney
Nick Tomaino
3 years
Bitcoin's market cap ($927B) surpassed Facebook's ($919B) today. Feels significant
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@NTmoney
Nick Tomaino
1 year
Popular cryptocurrencies by % of the token allocated to team and investors: Bitcoin: 0% Ethereum: 9.9% Worldcoin: 25% Binance Coin: 50% Solana: 62%
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@NTmoney
Nick Tomaino
3 years
Over 90% of NFT volume was on Ethereum in 2021
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@NTmoney
Nick Tomaino
3 years
When the last 4 major crypto bubbles popped ('11, '12, '14, '18) people cashed out to USD. What's different now is when this bubble pops, the cash out will be into BTC and ETH
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@NTmoney
Nick Tomaino
4 years
Just bought ETH on PayPal
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@NTmoney
Nick Tomaino
2 years
A bank run on the centralized exchange that was trying to curb the growth of transparent, non-custodial financial applications is beautiful if we’re being real
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@NTmoney
Nick Tomaino
3 years
“The computer can be used as a tool to liberate and protect people rather than control them” Hal Finney (1992)
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@NTmoney
Nick Tomaino
3 years
This week the attention is on Wall Street accepting Coinbase into its club, but Ethereum is the key to growing the pie for all people in the world I’m giving 5 random people that retweet this 1 ETH each @mrbeast style. Follow me so I can DM if you win. Will show proof
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@NTmoney
Nick Tomaino
3 years
OpenSea volume grew from $28M in 2020 to $14.4B+ this year. NFT adoption isn’t slowing down in 2022
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@NTmoney
Nick Tomaino
11 months
Bitcoiners have been patiently waiting for over a decade for two things: 1) an ETF 2) BTC to act as a flight of safety in times of economic and geopolitical uncertainty They’re now both happening at the same time
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@NTmoney
Nick Tomaino
2 years
SBF was one of largest political donors to Biden, who appointed Gary Gensler as SEC chair. Crony capitalism isn’t notable sadly but what is notable is Gensler being responsible for “consumer protection” while involved in back door dealings w/ biggest fraud crypto has ever seen
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@NTmoney
Nick Tomaino
9 months
It's beautiful that Bitcoin ETF approval day may be the same as Running Bitcoin day. On January 10th, 2009, Hal Finney tweeted "Running bitcoin." Hal was the first person to download and receive bitcoin and his curious, positive spirit was essential to the growth of Bitcoin in
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@NTmoney
Nick Tomaino
2 years
FTX was created by grifters who successfully co-opted narratives without contributing to progress. You may disagree bc it goes against your bags, but truth reveals itself in time
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@NTmoney
Nick Tomaino
2 years
Cosmos is the strongest crypto ecosystem outside of Ethereum right now and it's not close
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@NTmoney
Nick Tomaino
2 years
Tornado Cash developer Alexey Pertsev sits in jail while FTX fraudster Sam Bankman-Fried is out on bail Not right
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@NTmoney
Nick Tomaino
4 years
Beautiful post from a Reddit user in Lebanon "Bitcoin is freedom! Bitcoin is our only way out!"
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@NTmoney
Nick Tomaino
1 year
The SEC cozied up to one of the biggest financial frauds in history (FTX) and is now elevating a fake company with no product and Chinese Communist Party ties (Prometheum) Does anyone still believe the SEC acts in the best interest of the people?
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@NTmoney
Nick Tomaino
3 years
Ethereum is the bleeding edge of finance, art, music, gaming and sports culture
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@NTmoney
Nick Tomaino
3 years
EIP 1559 is coming in July, making ETH more scarce than BTC The PoW - PoS merge is coming by Q1 2022, making ETH more energy efficient than BTC It will look obvious in retrospect
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@NTmoney
Nick Tomaino
7 years
If cryptocurrency prices declined by 90%, would this person still be doing what they are doing? This is a fundamental question to ask yourself when doing business with people in the industry. Unfortunately, the majority of the time the clear answer is no.
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@NTmoney
Nick Tomaino
3 years
$13M+ worth of ETH is now burning per day 🔥
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@NTmoney
Nick Tomaino
2 months
JD is 39. Will be second youngest VP ever. Thiel backed 1confirmation around the same time he helped fund JD's Senate bid. He's smart, understands the internet and cryptocurrency deeply and most importantly wants freedom and progress for the youth. In other words, the polar
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@NTmoney
Nick Tomaino
3 years
Tech no one is paying attention to now that will be mainstream this decade: Zero-knowledge proofs Smart contract wallets Decentralized file storage Prediction markets
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@NTmoney
Nick Tomaino
3 years
Most in Silicon Valley and on Wall Street still do not understand the scale and efficiency benefits on-chain DeFi products have vs off-chain fintech products, but they will soon
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@NTmoney
Nick Tomaino
3 years
The P/E ratio of Ethereum is ~20. It was over 100 during the 2017/18 bubble By comparison Tesla P/E today is over 500
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@NTmoney
Nick Tomaino
1 year
Venture capital is the fakest industry on the planet. In what other industry can you be objectively bad at your job but create narratives that make you appear great to the outside world for years?
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@NTmoney
Nick Tomaino
3 years
ETH is the cryptocurrency of the people
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@NTmoney
Nick Tomaino
2 months
Polymarket is the first mainstream crypto app people use without realizing it uses crypto under the hood
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@NTmoney
Nick Tomaino
3 years
A brief history of NFTs
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@NTmoney
Nick Tomaino
2 years
The 3AC debacle is a good reminder of how fake the crypto twitter echo chamber can be CT thought 3AC was the best fund on the planet & then it disappeared in days. Kayfabe and investing don’t mix well together 👇🏽
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@NTmoney
Nick Tomaino
10 months
There’s a lot to learn from the stoicism and long-term focus of Coinbase founder Brian Armstrong. Binance came on the scene in 2017 and captured lots of volume and attention from Coinbase. It appeared that Binance was overtaking Coinbase in the battle for crypto natives and many
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@NTmoney
Nick Tomaino
2 years
A month ago FTX was glorified by the press. Then citizen journalism did its thing, the crypto community rallied & exposed the fraud
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@NTmoney
Nick Tomaino
3 years
YouTube launched Bieber, SoundCloud launched Billie Eilish Ethereum will launch the next cultural icons in music
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@NTmoney
Nick Tomaino
2 years
We recently launched the 1confirmation NFT Fund, a $100M fund to support creators on the bleeding edge of culture 👇🏽
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@NTmoney
Nick Tomaino
1 year
5 months ago the FTX debacle gave the ruling class a chance to destroy crypto. The New York Times, Gary Gensler, Elizabeth Warren and many others have done their best, but its not working. BTC up 92% and ETH up 75% since
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@NTmoney
Nick Tomaino
3 years
NFTs are now leading the ETH burn
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@NTmoney
Nick Tomaino
2 years
Remember: if not for crypto twitter, the msm would still be helping FTX lure unsuspecting consumers into the fraud of the century Crypto twitter bankrupted the company, exposed the scam and clearly will not rest until the justice system acts or the truth is uncovered
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@NTmoney
Nick Tomaino
9 days
Assets to never sell: BTC ETH COIN Punks What else?
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@NTmoney
Nick Tomaino
3 years
Started @1confirmation 4 yrs ago today w/ $5M in AUM, now over $1B 🤯
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@NTmoney
Nick Tomaino
2 years
At this point no one in their right mind can believe the SEC is acting in the best interest of the American people by forcing Kraken to shutdown its staking offering
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@NTmoney
Nick Tomaino
2 years
Since genesis in 2015 Ethereum has led every bull market: 2017 - ICOs 2020 - DeFi 2021 - NFTs 2022 - Merge
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@NTmoney
Nick Tomaino
3 years
We’ve closed @1confirmation fund III, a new $125M venture fund to invest in early stage companies, cryptocurrencies and NFTs Today there’s ~100M ppl using crypto. Our goal is to help get that number over 1B ASAP 🚀🌚
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@NTmoney
Nick Tomaino
9 months
Blackrock is cutting 600 employees from its ESG division while launching a Bitcoin ETF. The woke capital to crypto capital pivot has started. ESG funds have ~$20T in AUM.
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@NTmoney
Nick Tomaino
2 months
Polymarket is getting more website traffic than Uniswap, dYdX, and the rest of DeFi combined
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@NTmoney
Nick Tomaino
2 years
Every consumer brand in the world will take note of what Tiffany & Co. is doing with NFTs 4156 pendant incoming
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@NTmoney
Nick Tomaino
3 years
Merge by @muratpak sold for $100M+. Largest NFT sale ever
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@NTmoney
Nick Tomaino
6 months
Base NFT volume going higher ↑ ↑ ↑
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@NTmoney
Nick Tomaino
1 year
Sam Bankman-Fried used stolen money from working class people to pay off corporate media and politicians, who portrayed him as a visionary entrepreneur. This fake portrayal was then used to raise hundreds of millions of dollars from institutional investors which was used to
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@NTmoney
Nick Tomaino
4 months
$22K ETH is cope. Let's be real. Ethereum is where all crypto innovation happens. ETH is not well understood yet but about to become the darling of Wall Street and owned by large institutions around the world. Base szn is underway. L3s are just getting going. Stop playing
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@NTmoney
Nick Tomaino
1 year
Just sent out the latest cash distributions to @1confirmation LPs. 1confirmation Fund I (2017) has now distributed 5.13x net cash to investors and Fund II (2019) is at 1.78x net DPI. We’ve done this by taking a long view and backing authentic founders building useful products
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@NTmoney
Nick Tomaino
2 years
There's some real ones still here
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@NTmoney
Nick Tomaino
3 years
Joined @Coinbase as early employee in 2013 then joined @OpenSea as early investor in 2018. Thoughts on both moving forward 👇🏼
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@NTmoney
Nick Tomaino
2 years
1/ I haven't sold a share of Coinbase but will sell all my shares if the company doesn't make a strong move in NFTs in the next year. The current NFT product is not it...
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@NTmoney
Nick Tomaino
2 years
ETH is the world’s first deflationary asset that yields holders ~7% APY without a third party custodian
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@NTmoney
Nick Tomaino
3 years
Hearing disturbing rumors ETH is ultrasound money 🦇🔊
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@NTmoney
Nick Tomaino
2 months
Polymarket is the most culturally impactful product we've seen yet. Easy to dismiss it as just another way to bet, but Polymarket is now helping people understand the truth on the most important world events. At a time when truth has never been more uncertain, an information
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@NTmoney
Nick Tomaino
2 years
It’s useful to make a good faith assumption that SBF & team are trying their best, but the hypocrisy (which prob won’t be addressed by PR speak) is hard to deny Here’s context on why many who care about crypto and freedom were triggered by the recent FTX post on the DCCPA bill:
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@NTmoney
Nick Tomaino
10 months
Crypto is the most empowering technology the world has ever seen. First we take control of our money then we opt out of the rat race and take control of everything in our lives. This @coinbase ad is 🔥
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@NTmoney
Nick Tomaino
2 years
ETH added to circulation per yr today: ~4,950,000 ETH added to circulation per yr after Merge: ~650,000 ~$7.8B less sell pressure per yr at today's price
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@NTmoney
Nick Tomaino
2 months
Polymarket investment memo (August 2020)
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@NTmoney
Nick Tomaino
9 months
You can see a rivalry intensifying between the ruling class. Elites who prioritize money like Fink are now fighting for crypto & elites who prioritize control like Warren and Gensler are fighting against it. Satoshi’s master plan is working.
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@NTmoney
Nick Tomaino
6 years
The most underrated cryptocurrency teams, delivering useful products to passionate userbases with little hype around them: 1. @LedgerHQ 2. @ShapeShift_io 3. @krakenfx 4. @MakerDAO 5. @Bitbonds 6. @metamask_io 7. @brave 8. @infura_io Thoughts?
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@NTmoney
Nick Tomaino
4 years
The total market cap of cryptoart is now ~$126M This new wave of creative empowerment is just getting started. Follow along:
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Nick Tomaino
1 month
1confirmation Q2 2024 LP letter
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@NTmoney
Nick Tomaino
2 years
Bear markets for crypto prices always coincide with bull markets for new crypto products Ten worth checking out👇🏽
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@NTmoney
Nick Tomaino
4 years
Love #BTC in 2021 but #ETH will rip faces off
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@NTmoney
Nick Tomaino
1 month
One of the most surprising learnings since starting 1confirmation has been that for early stage startups, there is a negative correlation between size of initial fundraise and long-term success. As a founder, you tend to want to make a big splash and say you raised a lot of
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@NTmoney
Nick Tomaino
2 years
Our institutions fail us often. FTX put the nail in the coffin. NYT writes glowingly. We now rely on citizen journalism & self custody.
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@NTmoney
Nick Tomaino
1 year
Single issue crypto voters could determine the 2024 U.S. presidential election Not possible, you say? ~20% of the population owns cryptocurrency today (~66M people). All of them are not single issue voters of course, but if even 10% are that's enough to swing an election
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@NTmoney
Nick Tomaino
10 months
The Cosmos ecosystem is on fire lately - dYdX chain launched, $2B+ in trading volume (top 10 DEX already) - Osmosis chain top 20 DEX, smart accounts coming - Stride chain $75M in TVL, liquid staking growing - Cosmos Hub forking, AtomOne chain coming - Airdrop szn (Celestia,
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@NTmoney
Nick Tomaino
3 months
No points No tokens Study mission driven teams with conviction over many years
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@NTmoney
Nick Tomaino
6 years
Conversely, the most overrated cryptocurrency teams, delivering no useful products to speak of (yet) with lots of hype and billions in market value: 1. @EOS_io 2. @Cardano_ 3. @IoTa2016 4. @Tronfoundation 5. @NEO_Blockchain 6. @NEMofficial 7. @QtumOfficial 8. @helloiconworld
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@NTmoney
Nick Tomaino
3 years
$33M+ in crypto funds raised by Ukraine so far and anyone in the world who contributes by tomorrow will receive an airdrop from the Ukrainian government Funding national defense via a global cryptocurrency crowdfund & airdrop is the modern day “war bond” 👇🏼
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@NTmoney
Nick Tomaino
3 years
August 2013 at @Coinbase HQ 🚀🌑
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@NTmoney
Nick Tomaino
3 years
BSC, Solana and Cardano look similar to Ethereum, Cosmos and Polkadot to the average observer The truth is teams co-opting a movement with hype is very different than authentic communities pushing the space forward with 0 to 1 innovations
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@NTmoney
Nick Tomaino
3 years
Visa recognizing the significance of NFTs before most of Silicon Valley and Wall Street is impressive
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@NTmoney
Nick Tomaino
7 years
Not having a web strategy killed a lot of brick and mortar busineses. Not having a decentralization strategy will kill many web businesses
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@NTmoney
Nick Tomaino
28 days
Creating and collecting onchain is just getting started btw. NFTs will be back bigger than ever 💎
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@NTmoney
Nick Tomaino
3 months
If you are capitulating to the bullshit on CT right now you must reevaluate who you are following and your overall life approach. Respect to anyone who hustled their way to a big account. But truth is 99% of the KOLs you are following here are paid shills who won’t be here in a
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@NTmoney
Nick Tomaino
4 months
Ethereum is where all the innovation that pushes the industry forward happens. This has been undeniably true for 7+ years. ETH does not get shilled like other coins, but make no mistake ETH is what those with quiet conviction hold and it’s where the value flows long term.
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@NTmoney
Nick Tomaino
1 year
It is not easy to be working on a crypto project right now, especially if you started in the last bull market when expectations from team, investors and friends were sky high. The establishment media and government is against us and most of the world population still wonders what
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@NTmoney
Nick Tomaino
2 years
Punk 4156 irl courtesy of Tiffany & Co.
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@NTmoney
Nick Tomaino
3 months
Base will be the main hub for breakout crypto consumer apps Thesis is simple: - Exchanges are the primary onramp for consumers. Coinbase is the leading exchange and will direct hundreds of millions of people to Base. Just look at Binance Chain in the last bull market. The apps
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@NTmoney
Nick Tomaino
3 years
~1M people own an NFT When engagement is high but total userbase is low and UX is bad, the future is bright 💎
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@NTmoney
Nick Tomaino
3 months
If you’re building a consumer crypto app please understand the breakout unicorns are the underdog for a long time and come out of nowhere in the eyes of most. They’re never what VCs are plowing money into or what gets engagement here. You must have conviction for a long time
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@NTmoney
Nick Tomaino
3 years
The creativity Ethereum is unleashing is still not appreciated by the masses
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@NTmoney
Nick Tomaino
7 years
Not a Litecoiner, but respect to @SatoshiLite . Incredible community builder
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@NTmoney
Nick Tomaino
3 years
I hear @opensea had a nice month? A🧵on their early journey
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Nick Tomaino
3 years
Understanding @muratpak ’s $100M+ merge sale, the largest primary sale of artwork ever by a living creator 👇🏽
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