8 reasons why the NFT industry behaves completely different to the real world.
You cannot analyse it the same way - there are different dynamics at play here.
Thread 1/👇
You cannot analyse it the same way - there are different dynamics at play here.
Thread 1/👇
2/ Currency.
The currency of the real world is fiat. Deflationary, representative of the local economy, supply-demand controlled but the government.
Here it’s ETH, BTC, SOL, etc
Fixed supply, Community gets wealthy which gives them enormous spending power.
The currency of the real world is fiat. Deflationary, representative of the local economy, supply-demand controlled but the government.
Here it’s ETH, BTC, SOL, etc
Fixed supply, Community gets wealthy which gives them enormous spending power.
3/ Wealth.
Tied to the above.
People in the real world have made their wealth through long hours, weeks, years making an income.
Here, people have made it with strategic investments, lately trading NFTs from $100s to Millions $.
Who’s a more liberal spender demographic?
Tied to the above.
People in the real world have made their wealth through long hours, weeks, years making an income.
Here, people have made it with strategic investments, lately trading NFTs from $100s to Millions $.
Who’s a more liberal spender demographic?
4/ Community.
Guess who gets to new spaces early?
Artists, indie devs, experimenters, creators, risk takers.
We’re not the general demographic. We’re ok with uncertainty. atm at least.
Combine this attitude with wealth 😳
Guess who gets to new spaces early?
Artists, indie devs, experimenters, creators, risk takers.
We’re not the general demographic. We’re ok with uncertainty. atm at least.
Combine this attitude with wealth 😳
5/ Culture.
The majority of people here, (according to my YouTube stats), are a young-middle aged demographic.
Familiar with internet and Meme culture and thus collectively, this society values it.
So things may look stupid to the rest, but to us it can be cool and desired
The majority of people here, (according to my YouTube stats), are a young-middle aged demographic.
Familiar with internet and Meme culture and thus collectively, this society values it.
So things may look stupid to the rest, but to us it can be cool and desired
6/ Trustless.
An anon can sell an NFT for millions to another anon with the click of a few buttons.
This is a BIG DEAL.
With details recorded on blockchain - there’s less dispute, more trust and thus more spending.
An anon can sell an NFT for millions to another anon with the click of a few buttons.
This is a BIG DEAL.
With details recorded on blockchain - there’s less dispute, more trust and thus more spending.
7/ Global.
Merging with the previous comment.
Because it’s trustless and info is open/transparent, anyone around the world can participate!
The inflow of $ has the potential to be enormous.
Merging with the previous comment.
Because it’s trustless and info is open/transparent, anyone around the world can participate!
The inflow of $ has the potential to be enormous.
8/ Investment
Every NFT is a potential investment.
Whether it’s a ticket, a game item, a digital car, a frkn rock.
This makes it easier to justify spending, (at the time).
People can buy 12 books to get an NFT. It’s a different world of value around here.
Every NFT is a potential investment.
Whether it’s a ticket, a game item, a digital car, a frkn rock.
This makes it easier to justify spending, (at the time).
People can buy 12 books to get an NFT. It’s a different world of value around here.
9/ Signal
What signals wealth in the real world and why? Lambos, mansions, Luxury brand clothes?
What signals wealth here? (To millions of people via social media?), a Profile pic change, a wearable, an Art piece in a virtual home, a game skin/item.
What signals wealth in the real world and why? Lambos, mansions, Luxury brand clothes?
What signals wealth here? (To millions of people via social media?), a Profile pic change, a wearable, an Art piece in a virtual home, a game skin/item.
10/ I’m sure there’s way more but it’s 1am so thought I’d do a quick thread 🔥
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