Matty Profile picture
7 Oct, 18 tweets, 3 min read
Ok we’re OBVIOUSLY early to NFTs.

Now what?

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.

Here’s a thread.
14/ Blockchain

The tech behind the JPEG.

It’s through crypto/blockchain that the early investors/participants found the NFT industry.

Learn how blockchain works so you can spot WHY specific blockchain innovation can change and solve certain issues here.
15/ Headspace/exhaustion

This space is mentally fatiguing. Being plugged in daily, processing 100s of decisions, etc puts a toll on the mind.

Whether it’s healthy eating, outside breaks or meditation. Find your reset.

Or this space will wear you down no matter how fun it is.
16/ NFT economies.

NFTs create marketplaces out of digital items. Whether that's tweets or movie clips.

The economic workings of these are mostly the same.

Learning how supply/demand influence these marketplaces is 90% of making money here.
17/ The above items will allow you to be here for years and keep up with the crazy pace of this space.

The longer you're here, the better you'll get at all NFT related things.

You don't have to pick all, just a few will help.
18/ Add more if you like! What's helped you to stay here and what do you think people can build on to build their "edge" years down the line?

• • •

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More from @DCLBlogger

8 Oct
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/ Image
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.
Read 16 tweets
6 Oct
What's the end game for #NFT avatar projects?

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.
Read 17 tweets
4 Oct
Why do prices of NFTs fall?

Bad idea? Bad marketing? Bad team?

Let's discuss what influences downwards NFT movement.

1/ Thread
2/ First off - "NFTs" have come to mean MANY different digital industries, from art to gaming to finance.

Each with their own mechanisms for deriving value. Below I'll touch on most, (minus Art). Art is its own thing.
3/ Marketing/awareness.

Some projects are doing epic things but just don't know how to communicate it externally.

Use twitter, use discord, use youtube, etc to continuously inform.

We are moving to a digital space so communicating digitally is absolutely important imo.
Read 14 tweets
27 Sep
A short thread on how to NOT get burnt buying the next hot Potato #NFT that will disappear in 5 days.

Thread 1/ 👇
2/ Some truths,

- We're investing/creating in a HIGH RISK space. It's new, mostly unchartered and little data.

- Not referring to Art here. Mostly other utility/avatar projects.

- Hot potatoes are everywhere, you'll prob end up buying some. Let's just aim to buy less.
3/ Difference between? There’s no set rule, just indicators of likelihood.

Potato - Less active team/whale dominated/influencer shilled, etc.

Non Potato - Active team/community way beyond presale event, lots of non floor talk, depth.
Read 11 tweets
22 Sep
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).
Read 14 tweets
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

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