Advice for NFT founders:
1. Engagement farming doesn't work
2. Influencer shilling is dead
3. Build your community before your project
4. No more black hoodies
5. Everyone knows when you're botting
6. Hire a chief of memes
Most importantly: give value to the community first
One of the biggest barriers to web3 games is the fact that many potential players are struggling with the accessibility of the platform. People new to web3 gaming are feeling confused because they are hit with wallets and most gamers aren't interested in owning in-game assets.
Blockchain is not dead but maybe web3 is. Web3 is a facing issues at the moment there is no control over the platform and scammers are finding new ways to cause disruption.
The web3 apps are suffering from debugging and testing problems.
Even though dapps live on the block chain
I think the main issue with Web3 is how hard it is for new users on the platform to interact with the blockchain and build new apps. Hopefully Web 5 will fix this and allow better optimisation as well.
I want to discuss another problem facing web3 which is gaming๐
@hashflow Centralized is over, the debt is too high to ever be paid off. Everything is too expensive but people need to buy meaning credit debt goes up. Need alternative ways to invest. Stock market got wrecked. Now is the time for crypto, gold and silver.
Even though we are in a bull run and a recovery I still think that due to bad monetary policy we will experience many more crashes and if digital currencies lose too much value during these events a lot of money will be lost.
Crypto has to become stronger during recessions.
The future of bitcoin and other cryptocurrencies is uncertain. Especially how well it will perform in the next stock market crash.
During the lockdowns the value of bitcoin dropped by 60%. This was a bigger drop than the stock market, although bitcoin was able to recover quickly.
I believe a deeper crypto crash could also lead to a gold rush where many people will be hoping to buy at the bottom so they can sell at a higher price. More people may want to find other places to store their wealth as the dollar get crushed with inflation.
In the next crash maybe bitcoin can perform differently to the 2022 recession, if more people will start using bitcoin as a hedge against inflation, not just to sell higher.
The future of cryptocurrencies hinges on the federal reserve's next move, the SEC and more regulation.