Before I start, Who is this thread for?
If you're thinking:🤔
✅"Why TF buy a dumb JPEG for $$$$"😒
✅Flipped some shit for $$$ and what's next?🤑
✅What is the potential of NFTs? 🤓
Then worry not, I've got your back.😎
It's for brands and creators too.
Ready? LFG!!🚀
If you're thinking:🤔
✅"Why TF buy a dumb JPEG for $$$$"😒
✅Flipped some shit for $$$ and what's next?🤑
✅What is the potential of NFTs? 🤓
Then worry not, I've got your back.😎
It's for brands and creators too.
Ready? LFG!!🚀
But hold on. Bruh why did you fuck mention @elonmusk in the first place?😡
It's not like I hate him, and second It was to grab your attention. :P
However, He tweeted this a few days back when Twitter launched the NFT profile picture feature.
It's not like I hate him, and second It was to grab your attention. :P
However, He tweeted this a few days back when Twitter launched the NFT profile picture feature.
https://twitter.com/elonmusk/status/1484453889671942144?s=20&t=o47MGlPFm2vRuZWkAc2zVw
According to Elon, NFTs are just BS & annoying.
Yes. he is right. But wrong at the same time.
WTF!? Wdym?🙄
Let me explain.
Why right? ✅
Cause of the current scenario of NFT Community.
Why wrong?❌
Cause, He didn't see the long & radical picture.
Yes. he is right. But wrong at the same time.
WTF!? Wdym?🙄
Let me explain.
Why right? ✅
Cause of the current scenario of NFT Community.
Why wrong?❌
Cause, He didn't see the long & radical picture.
Today we will discuss what made him say this and what he is missing.
I know, I'm not smarter than Elon. 🥴
However, I would like to put some insights over, as a Web 3 enthusiast.😎
All the things are, based upon my observations & experience. I'm not an expert & nobody is.
I know, I'm not smarter than Elon. 🥴
However, I would like to put some insights over, as a Web 3 enthusiast.😎
All the things are, based upon my observations & experience. I'm not an expert & nobody is.
Agenda:📜
1⃣What's wrong with NFTs today? ( How to fix it)
2⃣What are the possibilities with NFTs?
3️⃣Brands that are shaping NFTs. ( Examples)
4⃣ Conclusion
That being said, Let's get started! Fr😶🌫️
1⃣What's wrong with NFTs today? ( How to fix it)
2⃣What are the possibilities with NFTs?
3️⃣Brands that are shaping NFTs. ( Examples)
4⃣ Conclusion
That being said, Let's get started! Fr😶🌫️
1⃣ What's wrong with NFTs today? ( How to fix it)
Before we talk about what's wrong, let's put some light on a few mind-blowing insights.
- Term "NFT" surpassed "crypto" in google searches. $41 million in 2018 to $2.5 billion in the first half of 2021. 🤯
Source: google
Before we talk about what's wrong, let's put some light on a few mind-blowing insights.
- Term "NFT" surpassed "crypto" in google searches. $41 million in 2018 to $2.5 billion in the first half of 2021. 🤯
Source: google
-The NFT Market has grown over 3,000x year over year.
-VC like @a16z funded web 3 companies like crazy.
-Leading NFT marketplace @opensea Valuation went to 13.3 Billion dollars.
-Investors are flooding in and spending more.
It's all fuckin exploded. 😱
-VC like @a16z funded web 3 companies like crazy.
-Leading NFT marketplace @opensea Valuation went to 13.3 Billion dollars.
-Investors are flooding in and spending more.
It's all fuckin exploded. 😱
With all these truckloads of hype, folks started jumping into NFTs & purchased by not doing their research. (degens)
And all the hype was around PFP NFTs like the bored ape, crypto punks, cool cats, etc. Mostly digital arts.
So, then what's wrong here?👇
And all the hype was around PFP NFTs like the bored ape, crypto punks, cool cats, etc. Mostly digital arts.
So, then what's wrong here?👇
👉Countless projects with no real value.
( Digital arts NFTs)
Those who understand this kind of NFTs a little more. You guys know, what is the value of:
-Good art.
-Strong community.
-Strong roadmap.
-Amazing utilities.
This is are what makes a project good.
( Digital arts NFTs)
Those who understand this kind of NFTs a little more. You guys know, what is the value of:
-Good art.
-Strong community.
-Strong roadmap.
-Amazing utilities.
This is are what makes a project good.
When all these ridiculous projects came out, most of them were rug pulls.😤
They didn't have any value in their project that is mentioned above.
In the name of NFT, they rugged millions of dollars from people.😲
It just spoiled the reputation of NFTs in the market.
They didn't have any value in their project that is mentioned above.
In the name of NFT, they rugged millions of dollars from people.😲
It just spoiled the reputation of NFTs in the market.
👉Lack of awareness and education.
What if I would say NFTs are not limited to digital arts?
Yes, you heard it right. NFTs are just digital files. That has stored some data, and it lives on the blockchain.
Here each file/data is unique. It gives you ownership of the assets.
What if I would say NFTs are not limited to digital arts?
Yes, you heard it right. NFTs are just digital files. That has stored some data, and it lives on the blockchain.
Here each file/data is unique. It gives you ownership of the assets.
Now Imagine you can store everything as NFT.
There is no limit. You can turn your house into an NFT. We will talk later about it how.
However, 99% of the people are unaware of this.
They think NFTs are all about digital arts and PFP collections.
Which is not true.
There is no limit. You can turn your house into an NFT. We will talk later about it how.
However, 99% of the people are unaware of this.
They think NFTs are all about digital arts and PFP collections.
Which is not true.
By thinking this, we are blocking the possibilities of NFT use cases in various ways.
NFT is a concept/ product of blockchain.
It has the potential to change and revolutionize many industries.
Hence we need people to understand & explore this.
Digital arts, PFPs ≠ NFTs.🤦
NFT is a concept/ product of blockchain.
It has the potential to change and revolutionize many industries.
Hence we need people to understand & explore this.
Digital arts, PFPs ≠ NFTs.🤦
👉Short term mindset ( Fomo, greed)
Most people think NFTs are just meant to be flipped and a money-making machine.
This mindset can lead us to disaster. We have to focus on the fundamental values of something over monetary gains.
Invest based on value & on sustainable growth.
Most people think NFTs are just meant to be flipped and a money-making machine.
This mindset can lead us to disaster. We have to focus on the fundamental values of something over monetary gains.
Invest based on value & on sustainable growth.
2⃣What are the possibilities with NFTs?
Here I'm gonna talk about a few mind-boggling possibilities of NFTs.
What doors it can open for people to:🚪
Make money.
Gain reputation.
Ownership.
Collaboration.
Business Innovation.
Etc
Let's go 😎👇
Here I'm gonna talk about a few mind-boggling possibilities of NFTs.
What doors it can open for people to:🚪
Make money.
Gain reputation.
Ownership.
Collaboration.
Business Innovation.
Etc
Let's go 😎👇
👉New business models.
Think of NFTs just as another way to monetize your products and services.
If someone bought your NFT, they could get access to your service & product.
The fun part is here both client and brand are wining.🥳
How?👇
Think of NFTs just as another way to monetize your products and services.
If someone bought your NFT, they could get access to your service & product.
The fun part is here both client and brand are wining.🥳
How?👇
For instance, If the client wants to discontinue the service, they can sell their NFT (membership) to others. 🤷
Now while they already got the service and so brand made money.😆
It will also allow them to get exclusive rewards & access.
Now while they already got the service and so brand made money.😆
It will also allow them to get exclusive rewards & access.
👉Gaining liquidity on things
Let's say, you own an island. Now you want to sell that shit.
Here You will get a few hurdles. 😖
1- First is that. It would be difficult to find a buyer who will buy it at once. You need someone who is a high-net-worth individual.
Let's say, you own an island. Now you want to sell that shit.
Here You will get a few hurdles. 😖
1- First is that. It would be difficult to find a buyer who will buy it at once. You need someone who is a high-net-worth individual.
2- You don't want to sell your Island, but make it half (49%) of its ownership as NFT.
Now you can share this fractionalized part of NFT with people. Now allow its holders to access the Island.🏝️
Here you raised funds & also people can own the Island without owning it comp..😳
Now you can share this fractionalized part of NFT with people. Now allow its holders to access the Island.🏝️
Here you raised funds & also people can own the Island without owning it comp..😳
👉Exclusive access & collaboration
Think about. How cool it would be if you could own scenes from your fav shows.
Let's say " Naruto", a pretty popular anime.
What If you could own the Sasuke vs naruto fighting arc? As original NFTs from the creator?
Damn😳😳😱
Think about. How cool it would be if you could own scenes from your fav shows.
Let's say " Naruto", a pretty popular anime.
What If you could own the Sasuke vs naruto fighting arc? As original NFTs from the creator?
Damn😳😳😱
By owning this, you can use this for commercial purposes,s and maybe you will get to meet the creator of the naruto series "Masashi Kishimoto ".
Possibilities are just endless, If I were you, I would buy this shit at any cost.
Cause I love naruto :P
It would worth millions fr
Possibilities are just endless, If I were you, I would buy this shit at any cost.
Cause I love naruto :P
It would worth millions fr
That's pretty much it for this part. There would be the second part of it. Cause It's getting so fuckin long lmao😂
If it would get 5 likes and comments on this, I will post part 2 asap.
If it would get 5 likes and comments on this, I will post part 2 asap.
Follow @boredraj for more dope shit on NFTs, DeFI , Metaverse & community building.
Apart from this, I'm giving out free crypto & NFTs who will engage with my content & add value.
Check this tweet to know more 😉
Best of luck😊
Apart from this, I'm giving out free crypto & NFTs who will engage with my content & add value.
Check this tweet to know more 😉
https://twitter.com/boredraj/status/1487686818263109634?s=20&t=9NX6egyr3jTOth-OMiRe6Q
Best of luck😊
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