Discover and read the best of Twitter Threads about #rudeawakening

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1/ The NFT market is bleeding out. Liquidity has dried up. Our portfolios are down bad. #cope

What kind of projects will do well in the next bull run? And what should projects focus on building during the bear?

Hang in there, dear degen, for this is just the beginning.

🧵
2/ Though we often get excited about being early to web3, the downside that we’ve all experienced in some way, shape or form is that hype > reality.

We have just been rudely awakened from a euphoric state where, if we are honest with ourselves, utility = hype. (ouch)
3/ Relying on hype is not all bad.

The recent a16z State of Crypto Report cites price as a leading indicator in the space, meaning increasing prices drive interest in crypto, which leads to ideas & activity, which leads to innovation.

In crypto, hype is the spark to build.🌱
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