The vibe in 2021 was finding the next bluechip nft projects and building great communities.
The vibe in 2022 now is to find the next 0.01 ETH quick flip.
Times changed quick.
Small 🧵on correlation:
In stocks & crypto, top assets often rise/fall together. The "alpha" of choosing between coins/stocks is often less important than getting macro call right
NFTs seem to be the opposite: money moving between NFTs & picking your set is everything
👇(1/3)
we have not seen many rich, non-crypto people publicly come into NFTs yet as store of value assets yet
but imo it will happen sooner than we think, once some 500-1000 piece collections hit ~$1M floors and generally start to hold there
will spill into everything else from there