Matty Profile picture
22 Sep, 14 tweets, 3 min read
How to get #NFT rich without getting lucky.

A short thread 👇

1/
2/ Get Money.

You limit your opportunities in this space by saying "I'm just going to test with $100".

Better to find a consistent revenue source to make sure you can take MANY shots.

P2E games, discord admin, make art, many opportunities to earn here, (if you need to).
3/ Work harder than others.

Most can't be bothered crossing hurdles, learning Metamask, learning Art, gaming, diving deep into discord, etc. That's opportunity for those that DO.

Hurdles are the universes way of filtering the worthy and non-worthy, (through effort).
4/ Negotiate.

You can almost always get NFTs cheaper than listed price.

If you look at Opensea sellers, some have their Twitter, discord links, etc. Negotiate a better buy price.

Eventually you can buy full 5-6-7 figure portfolios at CRAZY discounts.
5/ Place bids.

Again, listed price doesn't have to be your buy price.

Be patient and place some bids. Some trigger and you end up getting an NFT you can flip almost immediately for $.
6/ Project substance matters.

If you're only in it for $, mostly others are too. Discords with majority talk about floors, price, sweeping, etc 80% of the time will just move on after it slows down.

If you're not GENUINELY enjoying what the project offers, be cautious.
7/ Look for projects that disrupt the norm.

This is where crazy money is made. Basically what 2017-2019 NFT investors were doing and WHY most of them are extremely wealthy now.

blockchain is MADE to disrupt. hence why I like projects doing something new.
8/ Don’t chase influencers/fomo/hype.

Most people want opportunities handed to them on a silver platter so they chase influencers and youtubers for what's hot when they're just mob buying and selling to each other. (some make $, most don't).

Gotta dig deeper than that.
9/ Spread your wealth across multiple projects/niches.

This allows you to learn. I didn't know a thing about Art or Collecting but I pushed myself to learn by buying/testing.

I like to be well diversified so I'm learning about comics, gaming, art, virtual land, etc.
10/ Stay when no one is here.

Whether there's twitter/mainstream hype about NFTs, it doesn't matter for the innovators.

Most keep building and creating which pushes the industry forward. Stay plugged in and you'll pick up on these early.
11/ Network.

Find good, like minded, positive people. Plenty of discords of people just sharing info.

You can join Metakey Discord, (ours), where the NFT-strategy channel is ALWAYS popping -> discord.gg/SByGEhXFpY

Many other discords as well.
12/ Be liquid.

Being NFT rich is good, but always having a good chunk of $ allows you to capitalize on opportunity when you see them.

Hence why taking profits when it makes sense is important.
13/ Train intuition.

There are things you can ONLY learn by staying in this space for years. Human behaviour is cyclic and these cycles take time to play out.

If you stick around, you'll learn all this and along with project analysis, will come good intuition. Key long term.
14/ Some get lucky getting "rich" but those that depend on ONLY luck are lazy.

Most people that do extremely well here are always curious, learning, experimenting, exploring.

Doing what it takes.

True entrepreneurs relentlessly find ways to make it work.

Good luck!💙

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More from @DCLBlogger

20 Sep
Alright, SCAMS are getting out of control in NFT land.

Here's a short thread on the different scam types I've seen and some thoughts on keeping safe.

1/ Thread. 👇
2/ Please correct/add to any of these tweets.

If you think there's a better way - add. If you've seen something else - add.

This thread is just what I've personally seen.
3/ First let's go through a bunch of different types of scams.

- The discord DM. Whether it be from a "known" person or brand. ALWAYS check if something is dodgy.

Below is someone impersonating Akira trying to get people FOMO clicking the link.

DON'T VISIT THE LINK IT'S FAKE
Read 22 tweets
19 Sep
There's been some recent 6-7 figure Rare Pepe & Spells of Genesis sales.

Here's a thread on Why + What + Data + How to buy.

Pepe's may take over the internet in the coming months,

Thread 1/
2/ Disclaimer: I own ~ 7 figs of the above so be critical of this thread and always do a lot of your own research/look at critical takes etc.

NFTs/Crypto is a high risk space.
3/ What are they.

Early Art/game cards, etc on a protocol called "counterparty" built on the Bitcoin blockchain.

Basically like a mini early Ethereum.

Turns out before cryptopunks, there were many early art, game, etc experiments on Bitcoin!
Read 19 tweets
12 Sep
Why do people spend Millions on NFTs when you can just download the JPEG?

$6M for a punk instead of a beautiful house?

Is it Money Laundering?

Is it legit?

1/ Let’s explore 👇
2/ This industry kind of jokes about “buying JPEGs”, when of course there’s more going on here.

To understand NFTs you must understand the basics of blockchain, (The tech behind Bitcoin).
3/ What does it mean to own 1 Bitcoin?

It means the blockchain, (an open ledger - record keeping system), has denoted that your digital wallet has '1' Bitcoin token.

Like the below wallet,
Read 21 tweets
11 Sep
Terming everything in this space an “NFT” is inaccurate.

NFT = each item has a unique ID, indivisible, etc. (Non Fungible).

The below have FUNGIBLE characteristics.

Enjin items,
The sandbox items,
Twitters release,
Rare Pepe’s,
Curio Cards,
Metakey,
80%+ Rarible art,

1/
2/ for example these Twitter tokens have the same ID, (3), and are the erc-1155 standard which allows you to batch them.

Does this all matter? If you’re looking for something 1/1 unique, yes.

Twitter themselves refer to them as NFTs and the cheapest is $100k+ ImageImage
3/ Thought I’d write this because I/we see the term NFTs used for everything.

When in the future that might change.

“Semi-Fungible Token?” (SFT)?“Cryptocollectible?”
“Cryptoart?”
“Smart-collectible?”

Or just NFTs for simplicity’s sake?
Read 5 tweets
7 Sep
A short thread on how to win at NFT investing.

👇
1/ Be open minded.

Try new things, it’s fun and expands the mind.

You also stumble upon way more opportunities and ways to get involved.
2/ Spend money.

Getting free stuff is cool, but you make real money when you spend real money.

Maybe it’s just my experience.

But utilise wealth to build more wealth. It’s more scalable.
Read 11 tweets
2 Sep
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/👇
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.
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?
Read 10 tweets

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