REJECTEDWALL #140
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/140
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Five bullet Friday - issue #106
Dear Partners,
In the past week, NFT market was growing very fast. OpenSea is a platform to buy and sell NFTs.They
had $3 billion dollars worth of art changed hands in the month of August. Our fund made more NFT
purchases this week.
1. NFT markets are attracting talent from writers, artists, graphic artists, gamers, musicians. I see the
metaverse is more transformative to human civilization than the Internet itself. In ancient human history,
'writing' was invented when humans needed to record object-ownership of real-world objects on clay tablets.
Now Ethereum is the universal ledger to track these NFTs and then we will build a digital civilization around
that single source of truth, which we call metaverse. This universal ledger is the underlying skeleton of the
metaverse.
2. Some of you are aware that our first purchase was YGG founder's coin. We bought at 8 ETH and it is now
currently selling at 30 ETH. Loot(for Adventures) was dropped for free on August 28th, 2021 where 8000
'bags' were minted, each with 8 different items, each on a scale of rarity. This week I purchased Loot bag
#1291 for 15 ETH.
Dear Partners,
In the past week, NFT market was growing very fast. OpenSea is a platform to buy and sell NFTs.They
had $3 billion dollars worth of art changed hands in the month of August. Our fund made more NFT
purchases this week.
1. NFT markets are attracting talent from writers, artists, graphic artists, gamers, musicians. I see the
metaverse is more transformative to human civilization than the Internet itself. In ancient human history,
'writing' was invented when humans needed to record object-ownership of real-world objects on clay tablets.
Now Ethereum is the universal ledger to track these NFTs and then we will build a digital civilization around
that single source of truth, which we call metaverse. This universal ledger is the underlying skeleton of the
metaverse.
2. Some of you are aware that our first purchase was YGG founder's coin. We bought at 8 ETH and it is now
currently selling at 30 ETH. Loot(for Adventures) was dropped for free on August 28th, 2021 where 8000
'bags' were minted, each with 8 different items, each on a scale of rarity. This week I purchased Loot bag
#1291 for 15 ETH.
3. We have sold-out our entire position in Axie infinity this week. We originally purchased around $0.75 in
January and subsequently added more. We have used the proceeds of this sale to add to our YGG position. I
am certainly bullish on Axie Infinity, but I prefer to get exposure to Axie infinity indirectly from YGG. YGG
can add many other gaming guilds like Axie infinity and make more money than Axie itself. We currently
hold 576317.8740 YGG tokens. We continue to generate good income from staking, as seen in our retained
earnings spreadsheet:https://docs.google.com/spreadsheets/d/
1QU47tR4eK0fD2ySaP88LM9U46vD7p6mt80KSfqu00DI/edit#gid=366963260
4. We added a new position in AGLD this week. This can be seen in our Zapper portfolio. AGLD tokens
were airdropped to the holders of the loot NFT Token. It is remarkable that they did an airdrop of 10,000
AGLD tokens for each NFT. The price of AGLD as of now is $5. So there are a number of people who
received $50,000 worth of tokens as an airdrop! AGLD tokens are ERC20 tokens to be used in metaverse.
They are strictly scarce. We currently hold 21,956 tokens of AGLD. It moved from $0.20 to $5 in just 2
days.
5. Loot (for adventures) is a major paradigm shift in our thinking itself. So far NFTs originated from the
creators of that object. Then after the sale is done, the creator will do a lot of airdrops to benefit the owners
of the NFT. But whereas, Loot approached the problem very differently. They launched 8000 blank canvases
with english words written in them. Now, all creators can create stories, games, novels, music around these
creations and weave them into projects or protocols. Even though it is only a 5-day old project, it is growing
rapidly.
January and subsequently added more. We have used the proceeds of this sale to add to our YGG position. I
am certainly bullish on Axie Infinity, but I prefer to get exposure to Axie infinity indirectly from YGG. YGG
can add many other gaming guilds like Axie infinity and make more money than Axie itself. We currently
hold 576317.8740 YGG tokens. We continue to generate good income from staking, as seen in our retained
earnings spreadsheet:https://docs.google.com/spreadsheets/d/
1QU47tR4eK0fD2ySaP88LM9U46vD7p6mt80KSfqu00DI/edit#gid=366963260
4. We added a new position in AGLD this week. This can be seen in our Zapper portfolio. AGLD tokens
were airdropped to the holders of the loot NFT Token. It is remarkable that they did an airdrop of 10,000
AGLD tokens for each NFT. The price of AGLD as of now is $5. So there are a number of people who
received $50,000 worth of tokens as an airdrop! AGLD tokens are ERC20 tokens to be used in metaverse.
They are strictly scarce. We currently hold 21,956 tokens of AGLD. It moved from $0.20 to $5 in just 2
days.
5. Loot (for adventures) is a major paradigm shift in our thinking itself. So far NFTs originated from the
creators of that object. Then after the sale is done, the creator will do a lot of airdrops to benefit the owners
of the NFT. But whereas, Loot approached the problem very differently. They launched 8000 blank canvases
with english words written in them. Now, all creators can create stories, games, novels, music around these
creations and weave them into projects or protocols. Even though it is only a 5-day old project, it is growing
rapidly.
Last weekend, Ravi Avadhanam and I were traveling to Las Vegas and Los Angeles to meet a group of
doctors. We thoroughly enjoyed the trip and getting to know some of the partners in the fund and meeting
them in person for the first time.
Have a wonderful weekend!
Sam Ikkurty
Vegas trip:
doctors. We thoroughly enjoyed the trip and getting to know some of the partners in the fund and meeting
them in person for the first time.
Have a wonderful weekend!
Sam Ikkurty
Vegas trip:
Los Angeles trip:
Published on samikkurty.com | Rose City Investment Fund | CFTC Case No. 1:22-cv-02465 (N.D. Ill.)
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StatusREJECTED
Posted2026-04-14T08:13:22.000Z
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