1/ How to turn your friends and family on to crypto, NFTs, and web3—without overwhelming them. 🧵
2/ Let’s begin with the most important principle: don’t be heavy-handed.
People are right to be skeptical of crypto. There’s been a lot of conflicting information and concerns about security. The last thing you want is to be seen as a salesperson or a zealot.
Go at their pace.
3/ Start with audio. 5,000 articles are dense and inaccessible. The written word can reinforce feelings of confusion.
Instead, send a conversation—something that makes them feel like they’re in the room. This @cdixon@naval chat is a great place to start.
4/ Next, share news about popular projects. Don’t get into the nuances of blockchains—just demonstrate how people are using the tech today.
11/ For deeper dives into web3, the @a16z Crypto Canon compiles a list of resources that can not be beat. They are leading the pack when it comes to aggregating crypto onboarding content.
18/ When it comes to equity, education, and onramps in crypto, few get it like @_kinjalbshah.
Kinjal just published this article today via @FWBtweets. It’s a must-read for understanding crypto’s barriers to entry and impact on society. fwb.help/wip/building-a…
19/ @yb_effect is one of my favorite new follows and has been dropping monster threads on product + protocols. Follow them for cutting-edge contemplation.
-infinite royalties for artists
-ownership for communities
-24/7 marketplaces
-token-gated unlocks
That’s all well and good, but what NFTs do next is going to 🤯 your mind. 🧵
2/ Retail
Retailers from 7-11 to Gamestop will use NFTs to incentivize IRL transactions, leveraging creators to drive traffic to storefronts.
For example, Yeezy NFTs that only unlock with purchases from Gap stores, or NFTs that unlock exclusive features for Tesla vehicles.
3/ Services
NFTs will unlock access to services and hobbyist communities. Q&As and tutorials with influencer chefs, photographers, doctors, and niche enthusiastic communities will boom.
This will also extend into IRL services like transportation, hotels, and massages.
1/ What Nintendo’s history teaches us about the future of NFTs and intellectual property. 🧵
2/ Today, Nintendo is the best-selling console on the planet, with a market cap of $50B. Mario & friends are worth more than Twitter and Dogecoin.
But they got their start in 1889, selling hand-painted playing cards—an emerging category of tradeable gaming collectibles.
3/ Think of these as Nintendo’s “genesis” drop: establishing their IP with physical, collectible tokens.
Today, NFTs are in the “trading cards” phase; the difference being that ownership is recorded on the blockchain, providing increased utility and liquidity for token holders.
1/ The odds were stacked against us: bootstrapped, crowded category, no network to speak of.
But we sold our startup for $100M+ thanks to an exceptional product—and some original marketing.
Marketing strategies we used to beat out the competition. 🧵
2/ Invest in personal relationships 🤝
☑ Wine and dine your partners. Send cards. Text them. Move the needle 5%, and you win the edge over your less-engaged competition
☑ Recognize network effects take years to build. Connections you make in year one will 10x by year five
3/ Write candidly to engage 💁
☑ Your biggest advantage is your authenticity—develop a voice and be honest af
☑ If you wouldn’t text it to your friend, don’t use it in your copy
☑ Share customer convos on social, thereby inviting more and creating a flywheel
1/ How and why the NFT market will move towards Solana. 🧵
2/ To be clear, the NFT ecosystem is not going to abandon ETH. But its surge in popularity has resulted in prohibitive, unsustainable gas fees.
There are simply too many people and transactions on the network—and they’re not going away. A symptom of ETH’s success.
3/ We’ve been promised an eventual reduction in gas fees via ETH2, an upgrade to the Ethereum network—but that’s a whole year away, and may not mitigate the problem as much as we hope.
That leaves competitors with a significant time window of opportunity.