Matty Profile picture
10 Nov, 5 tweets, 1 min read
There are extremely wealthy corps/companies interested in spreading negativity around the NFT/blockchain industry.

And it’s sad the masses fall for it.

Square Enix, Discord, EA, Ubisoft announce their interest and 90% of their core userbase are angry smh.

1/
2/ Honestly, it’s just sad.

This tech is designed to liberate and give control to the end user/creator.

It’s the biggest threat to established companies that take advantage of their power to set rules. Rules they always win by.
3/ The exact same thing that happened to Bitcoin, (Years of attempted suppression),

Now happening to NFTs.

“NFTs are bad for the enviro” - there is millions of dollars worth of NFT transactions happening in enviro friendly blockchains.
4/ “NFTs are just a jpeg” - go check out gaming, virtual worlds, finance, etc.

“NFTs are a scam” - This industry has been here for 8 years+. There’s a reason it’s still around. It's NOT new.
5/ If you’re reading this and you’ve been hesitant to start with NFTs, trust me, "digital ownership" is 100% here to stay.

Regardless of what any article says.

At the very least, experiment with it so you can be self aware of the way the digital world is heading.

wagmi

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Matty

Matty Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DCLBlogger

29 Oct
Ok What’s this Metaverse thing everyone keeps talking about?

Books, Ready Player One, random nerds on the internet and now Facebook?

The next decade is going to be LEGENDARY.

1/ Thread 👇
2/ What is the Metaverse?

There’s a lot to unpack here.

Wikipedia has a good line on this,

"Metaverse is a speculative future iteration of the Internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe."
3/ The term initially made an appearance in the book “Snow Crash”.

I’m not going to fake it. I didn’t read Snow Crash.

But I DID watch Ready Player One and was like HOLY SHIT this is the future.
Read 25 tweets
26 Oct
What does it mean to help projects build?

In the NFT/blockchain industry, founders and their community can be business partners.

Let’s explore the many ways you can buy + hold + BUILD.

1/ Thread.
2/ Blockchain/NFTs have an interesting customer-company/artist relationship where the user/collectors are incentivised to help.

Unlike just buying a Netflix sub, in the NFT world that sub can be an NFT that can also be an investment.

So why just hold when you can help grow?
3/ Building could mean many things.

Here's some ideas that come to mind including things I've implemented and seen around in the last 3-4 years.

The future is about shared incentive models for all parties involved.
Read 23 tweets
22 Oct
What’s going to happen to NFTs if ETH and BTC Moon?

Is $10K ETH or $100K BTC good or bad for the NFT industry?

Let’s explore multiple scenarios,

1/
2/ I was fortunate enough to find NFTs in 2018, when the whole crypto market was “crashing”.

2018-2021 has been a roller coaster, the below is what I’ve seen.

Just my thoughts NFA*. The below is all in terms of ETH, (crypto), not fiat.
3/ Q4 this year, (now), much of the industry is expecting BTC and ETH, subsequently the rest of the alt coin market to hit all time highs.

BTC to $100k+
ETH to $10k+

If this plays out, I expect a shake up in the NFT market in the short term.
Read 23 tweets
18 Oct
NFT Scam Red Flags 🚩🚩🚩

Let's dive deeper into HOW you can spot NFT projects that are 99% a rug pull.

Thread

1/
2/ I tweeted earlier how Metabulls ended up being a rug pull.

Team vanished,

- Discord deleted
- Twitter deleted

Let's use it as an example and LEARN from how to spot potential scams. (This is industry is becoming full of them). 👇
3/ First thing I look at is team.

In this case, 4 random names that don't point to any social accounts?

Yeh no.

The question becomes, what do these guys have to lose if they one decide to take $ and run? In this case nothing! 🚩🚩🚩
Read 13 tweets
11 Oct
How I invest in the whole NFT ecosystem.

From Games to Art. From NFTs to cryptocurrencies/tokens.

A short thread 1/
2/ The old school way of investing in new projects was to buy their native token.

If the project announces partnerships, releases some big internal news etc, token does well.

But what about NFT industries/projects? Do you just buy $RARE, $AXS, $MANA, etc?
3/ I mean you can, but you're missing out.

Fungible and Non Fungible tokens behave differently.

For example, you can buy an art piece on Superrare and sell it for 10x the price you paid in 2 months while $RARE doesn't budge.

Let's go through these.
Read 12 tweets
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/
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

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Thank you for your support!

Follow Us on Twitter!

:(