PartyFinance Newsletter Issue 2

1. 1
Musk Sells $8.8B in TSLA, Further Fueling Investor Specu-
lation
Since November 8, Elon Musk has sold nearly $8.8B (8.16M shares) of
TSLA, fueling rumors and speculation as to his possible reasoning for do-
ing so. Musk recently petitioned twitter as to whether he should sell 10%
of his shares in EV giant Tesla, and followed through on his promise by
offloading several billions of dollars in shares. However, certain analysts
are pointing to upcoming tax deadlines in California related to options
contracts Musk acquired in 2012. These options, which expire in
August would mean a $10-15B tax bill for Musk, making his large
sell off appear to be for tax minimization purposes. Taking umbrage
at the implication that he would propose a sale of his unrealized
gains to avoid taxes, Musk fired back on Twitter, stating, “A careful
observer would note that my (low basis) share sale rate significantly
exceeds my 10b (high basis) option exercise rate, thus closer to tax
maximization than minimization”. While Musk has drawn criticism
for allegedly avoiding taxes despite his rising net worth, his sale of
TSLA shares points to his willingness to not only pay his fair share
of taxes, but pay the maximum amount possible– something most
billionaires tend to avoid doing.
November 19, 2021
Dates To Remember:
11/24:Fantom (FTM) live AMA
11/30: Cardano (AVA) PAB update
12/9: KeyFi airdop snapshot (1 mil-
lion tokens dropped to stakers)
TBA Early 2022- Discord IPO
Investor Newsletter
Phunware (PHUN) Incentivizes User Data Collec-
tion with PhunToken (PHTK)
Mobile data firm Phunware is innovating the process by which they collect
and sell user data by giving users PHTK in exchange for answering con-
sumer surveys. “We are a company commercializing an ecosystem built on
Blockchain”, says Phunware COO Randall Crowder. As opposed to other
crypto “projects’, PhunToken is based in solving the “real world” issue of
mega corporations like Facebook and Google controlling a monopoly over
user data collection while providing no incentive to the actual user. This is
just one aspect of PhunToken that Crowder claims provides the company with a “competitive advantage” in a
business environment fraught with pump-and-dump scams. As part of their “dual token ecosystem” and mis-
sion to enable a “truly decentralized data economy”, Phunware also offers PhunCoin, a regulated security to-
ken that “tries to value data and give users control over their data”.
Issue 2
Market Watch and Alternative Asset Report
“An Investment in Knowledge Pays the Most interest”
-Benjamin Franklin
“I’ll give you PhunToken just
for telling me if you’re interested
in buying a car or not… either
answer is valuable to me”.
-Randall Crowder, Phunware
COO

2. 2
Miramax Studios Sues Tarantino for Planned
“Pulp Fiction” NFTs
Earlier this month, eclectic director Quentin Tarantino an-
nounced at the NFT.NYC event that he would be releasing a
series of NFTs based on his 1994 hit movie “Pulp Fiction”.
The NFTs would feature original scenes from the iconic film
as well as excerpts from the original script and exclusive
commentary by Tarantino who wrote and directed the pro-
ject. On Tuesday, Miramax studios filed suit in Los Angeles,
seeking to block the sale of the NFTs and alleging that Tar-
antino has no right to use the intellectual property related to
the film after he “granted and assigned nearly all of his rights to 'Pulp Fiction'" to Miramax in 1993. Although Tar-
antino himself has avoided commenting on the suit, his lawyer called the complaint by Miramax “ham fisted” con-
tending that Tarantino is acting within his “reserved rights” as related to “screenplay publication”.
Alibaba (BABA) Stock Drops Amid China Crackdown and Q2 Revenue Shortcomings
Alibaba experienced another stock slide today after announcing lower than expected second quarter earnings in the midst
of an intense crackdown by China on its tech sector. Despite recording its lowest ‘Single’s Day’ sales growth on record
last week, the company still put up all time high sales numbers during the eleven day festival with an estimated 900M
customers spending around $85B with the online mega-retailer. CEO Daniel Zhang responded to the low Q2 numbers
by stating, “This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption,
globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the fu-
ture”. Alibaba was fined a record $2.8B earlier this year as part of an anti-monopoly probe by the Chinese Government.
Cryptos to Watch:
(We are not compensated by these companies to endorse their
product in any way)
The Sandbox (SAND): “The Sandbox
is a blockchain-based virtual world allowing
users to create, build, buy and sell digital
assets in the form of a game. By combining
the powers of decentralized autonomous or-
ganizations (DAO) and non-fungible tokens
(NFTs), the Sandbox creates a decentralized platform for a
thriving gaming community.”
Avalanche (AVAX): “Avalanche is
a layer one blockchain that functions as a
platform for decentralized applications and
custom blockchain networks. It is one of
Ethereum’s rivals, aiming to unseat Ethereum as the most
popular blockchain for smart contracts.”
Decentraland (MANA):“the digital
asset token used to pay for goods and services in
Decentraland. It is built on Ethereum in accordance
with the ERC20 standard for tokens. MANA can
be bought and sold for fiat currency or other digital currencies.”
November 19, 2021
NFT Spotlight:
Disney (DIS) had die hard fans
of the animation studio and the
multiple properties they now
control excited when they an-
nounced in late October that
they planned on releasing a se-
ries of NFTs entitled “Golden
Moments” in honor of Disney+
day on November 12th. These
NFTs, featuring classic charac-
ters and logos from Disney
properties, are available exclusively on the Veve app. These
include such familiar characters as WALL-E and C3P0,
iconic imagery like the Avengers logo, and well-known
scenes like Homer Simpson strangling Bart (left). When
these initially dropped on the Veve app, they were selling
for $60 each with incremental “ultra rare” drops also being
announced. The Veve app also displays a “rarity” rating for
each NFT. Additionally, Veve gives users the option to pur-
chase a “blind box” containing a random statue.