Wesley Kress, MBA, MSOM 🟥 ⚡️ Profile picture
CEO Breakthrough Performance/Rehab. Ex-Banking Professor 20YRS+ Financial Mkts. Independent ✊🏼 #Crypto Analyst & Educator. Full Coverage $SAITO 🟥 $EGLD ⚡️

Feb 9, 2022, 16 tweets

[1\16]A Psychological walk down #NFT lane. A personal perspective on #NFTs for the sake of #MassAdoption intelligent people should start to pay attention. With new concepts we tend to fragment them outside our context & understanding of human behavior &

$eGLD #NFTs

[2\16]preference. Why? It’s because we struggle in the beginning to fully understand how this new conceptual technology fits into the paradigm and conceptual framework of human behavior. When something as abstract as an #NFT people have a difficult time comprehending how it

[3\16]might impact human behavior. Many have argued with #NFTs , “you are just owning a JPEG”. The truth is #NFTs don’t allow you to own the content but what they give you is ownership to a Token that is tied to the Artist/Brand and Specific Artwork. This is powerful. I will

[4\16]restate this. #NFTs don’t allow you to own the content but what they give you is ownership to a Token that is tied to the Artist/Brand and Specific Artwork. This token connection allows for an enhanced experience, shared identity, support and loyalty to

[5\16]someone/something/brand that you connect with. Many people support their favorite creators through a myriad of different ways. The powerful part of owning #NFTs tied to items/assets that will play a role in the brand’s experience is all of these things are valuable.

[6\16]They democratize your brand & improve the connection between the creator and audience. It also allows for individual expression. The #NFTs also allow you to own the beginning of in game items/assets of creators who will evolve into a game or character in the Metaverse.

[7\16]This is powerful as you now get to experience the Brand/Artist & the coming alive of your specific Artwork. You get direct access to own the very pieces of which the immersive, interconnected experience of the Metaverse will begin to shape. The Metaverse is a

[8\16]compilation of many different technologies. It’s not one. The power is that Blockchain allows the value/money layer to be decentralized. So currency assets & items/assets represented as #NFTs will be sovereignly owned by the people. The improvement of the human

[9\16]experience comes from autonomy; the ability to have choice, freedom & independence. Many are underestimating these elements as they relate to owning #Crypto , especially in the context of convenience and relativity. Technology takes time to integrate into the lives of

[10\16]many. Due to the high barrier to understanding crypto & the low financial literacy it has gone very slow. This is normal both as the technology improves its UX/UI & the public continue to be further educated on it. The human psychology is not intrinsically designed for

[11\16]delayed gratification. This is why so few save for retirement early. We aren’t wired to buy something today, only to wait for the rewards tomorrow (investing). This is where currency coins/tokens differ from #NFTs. I recommend anyone to purchase an #NFT and observe your

[12\16]internal feeling’s. It may take a few times to grasp but what you will slowly understand is that with #NFTs you experience purchasing/buying something which you receive today, not investing in something you will experience tomorrow. It changes the experience from a

[13\16]money centric experience (coins/tokens currency) to a connection/experience/identity/entertainment (NFTs). The ability to shape a company via #NFTs & really delivering an unparalleled experience to your brand enthusiasts is something unique. The majority of the

[14\16]population are not investors. They consumers and driven by connection/experience/identity/entertainment & the fact one can make money doing the latter & the majority of the population are not going to think they way most early investors do. Joshua Kim communicated, that

[15\16]there was a snowball’s chance in hell we are going to get #MassAdoption without #NFTs & I 100% agree. I initially had hope that people would become intrigued by financial literacy but this is a mere hopeful fantasy of personal projection. The reality is that we must see

[16\16]things the way they R & guide people in the way they are best led to financial freedom. The ability to walk the path as an experience if one chooses high quality Brands via ART, Characters & the encompassing value system: games, movies, comics, events & shared identity🧠

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling