What could the market cap of $CAMP be?
💠 First, let's take a look at similar projects like Story.
Currently, the FDV of $IP is 6.41B, with a circulating market cap of 1.88B.
@StoryProtocol raised $134.3M, which means the FDV increased by 48 times from the funding to FDV, and the circulating market cap increased by 14 times.
Previously, it was noted that $ACH reached a circulating market cap 40 times its funding amount at its peak in 2021. $ACH had no significant narrative heat in 2021. The circulating market cap of $SOL reached 200 times its funding amount in 2021.
So, the current FDV of $IP is 48 times its funding amount, and the circulating market cap is 14 times its funding amount, which is not high.
💠 Now, let's compare CAMP.
The search interest on Google for both Camp and Story is about the same.
In comparison, Story has a stronger background and more funding. However, @campnetworkxyz operates in a more down-to-earth manner, establishing partnerships with multiple IPs and engaging in various activities aimed at creators, which resonates more with the market.
@BuTongRen6's article also mentioned more features of CAMP.
Therefore, the multiple increase from funding to FDV for $CAMP could potentially be higher, likely between 50 to 100 times.
CAMP raised 29m.
Calculating at 50 times, the FDV of $CAMP would reach 1.45b.
Calculating at 100 times, the FDV of $CAMP would reach 2.9b.
Calculating conservatively at an average of 70 times, the FDV of $CAMP would reach 2b.
Of course, this is a rough estimate based on $IP, and the timing and environment of CAMP's TGE also play a role.
My personal view is that unless the environment is harsh, the FDV of $CAMP should be able to reach 2b.
The FDV of IP has now reached 7B. What will the FDV of @campnetworkxyz be?
There are very few projects in Web3 that are truly building on-chain IP infrastructure. Besides the leading IPs, the only other one is CAMP. Although Camp is also in the IP track, what it does is still different from what Story is doing. The market Camp is targeting includes not only creators but also, boldly imagining, all AI companies that need high-quality data and materials.
Camp is entering a blue ocean with almost no competitors. Its business model naturally connects two high-growth markets: the creator economy + the AI data training market.
- Minted over 1.5 million independent IPs
- 100+ projects launched
- Collaborations with well-known Web2 IP companies
- 6 million+ addresses
Camp will further enhance—providing structured, real-time, scalable usage and tracking mechanisms and profit-sharing for IP, becoming the infrastructure for the next generation of data content economy, not relying on lawsuits and blockades, but making legal use easier than infringement through experience and usability.
LFGGGG CAMPPPPPP
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