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  "documentTitle": "SuperRare Investment Memo July 2020",
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  "presentationDate": "2020-07-01 00:00:00",
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  "notes": "Includes specific mentions of artists and collectors; mentions a Google Drive link for research notes.",
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      "text": "Key Risks: Execution: The founding team is scrappy and passionate but not experienced and not well-versed in scaling a team. Competition: It's early, they have a head start but we may new competition emerge in the future",
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      "text": "Community (10/10): They've got a small but extremely passionate community of artists and collectors using the product daily.",
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      "text": "Overall, we think a great product, mission driven team and passionate community puts SuperRare in a strong position to capture massive value as cryptoart grows in the future.",
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      "text": "It's important to note that Nifty Gateway may look competitive on the surface, but the truth is Nifty has an off-chain product and fiat-onramps so we view it to be complementary to SuperRare.",
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      "text": "Recap (Team + Product + Community + Token mechanics: 8.7): Tokenizing digital art is a use case that appeals to both new people (artists who came from outside of crypto are already making $100K+ selling their works) and crypto natives.",
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      "text": "Token mechanics (N/A): There's no token yet, but there may be in the future. Rarible, an inferior product by all accounts, launched with a token market cap of ~$20M.",
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