How do you actually make the most of this opportunity financially or creatively?
A thread 1/
2/ The NFT industry is on track to be the cultural backbone of digital value.
If we’re going to go from a couple million NFT participants to billions.
Here’s what you can do to have a leg up,
3/ Focus.
Social media has optimized its ability to pull you into discussions but we need to block out times to achieve things.
Being focussed is a super power. Learn how to get things done. (Timers, good food, no social media time slots, etc)
4/ Social Media.
That being said, social media allowed us to compound our digital growth.
So we can LEVERAGE that growth to enter new spaces, start discussions, quick-start business ideas.
With the whole world wanting to know NFTs, NOW is the time to grow them.
5/ Skills.
Plenty of new skills are in need here, Moderating, virtual event organizing, blockchain development, content creation, networking,
NFT resumes are less about organised learning/credentials and more about the ability navigate and learn.
6/ Network
Through social growth or personal outreach, it’s worth forming connections with people who you can value share with.
Some, (probably you), will become giants and can help each other on that journey.
Whether it's being an artist, knowing a skill set etc.
7/ Money, (wealth)
There is tremendous amounts of money moving to this space.
Find a strategy to make and preserve it. Whether that’s long term investing, founding - selling a company, trading NFTs, providing a service.
NOW is the time to earn.
8/ Strategy/process
Fine tune the strategy that allows you to steadily grow your skills or wealth.
Whether that’s trading or making art.
Continuous growth is in the process.
9/ Understand "Why?"
Don’t understand NFT art? Learn it.
Don’t understand why rocks and squiggles sell for millions? Push yourself to make sense of it.
Weird is the new normal. This is NOT the time to allow your dinosaur brain to lead.
Blank canvas yourself.
10/ Resources
Find your go to resources.
Again, different people have different daily websites they check.
I check opensea, rarity tools, cryptoartpulse, Twitter, discord, Google news, select Twitter bots.
Find and familiarise yourself on what can provide curated info.
11/ Info inflow/curation skills.
Just coz it’s all out there doesn’t mean it's easy to find.
You still need to learn how to curate/cut out the noise.
You could spend 8 hours in a day and only find 15 mins of actionable info.
Curating resources/inflow of info is key imo.
12/ Find your digital tribe.
Over time you'll find people that have the same interests as you who you can bounce ideas off, bring info in and eventually maybe even found companies with!
Lots of big companies start with good friendships in buzzing spaces.
13/ SECURITY
Every second day we learn about someone getting hacked.
It’s sad.
Blockchain is unforgiving. Transactions can’t be reversed afaik so learning how to protect yourself should be priority #1.
Let's explore long term economics of NFT projects.
How do projects go from 0.1 ETH to 5 ETH, back down to 1 ETH then boom to 30 ETH?
How do flippers, hodlers, newbies, hype contribute to different phases of projects and thus effect prices?
Thread 1/
2/ We'll go off the above image. Hope it's clear, (zoom in).
It seems many projects follow a similar trajectory.
This is just my opinion through my experience 3-4 years here Full-time NFT investing - so of course DYOR, share what you know and don't take anything as gospel.
3/ Also much of this is relation to the whole "10,000 Avatars/land plots/loot/etc"
A fixed supply with ongoing demand at different periods.
This probably won't apply to Art, Virtual land or projects with much more supply/different value drivers.
Are we just buying "silly animal JPEGs" or is the most crucial parts of "The Metaverse", (Identity, culture, social), being onboarded right before our eyes?
Thread 1/
2/ For much of the world we're just buying "JPEGs" but for many of us it's something deeper.
Community, yes, but for projects/founders SERIOUS in building a legacy, 2021 - the year of the pfp is laying the foundations of a buzzing metaverse.
3/ We've seen some interesting road maps.
- Some are building 3D avatars, taking them virtual.
- Some are doing airdrops
- Some have locked content areas
- Some are building games
Some are doing all the above ^. Let's dive deep into what 2022 and beyond might look like.