NFT sentiment is at an all-time low rn.
Everyone is talking about memecoins, Ordinals, SocialFi.
Nobody thinks we'll ever see another NFT bull run.
But it won't stay that way forever.
Attention always rotates.
And the funamentals for NFTs are still strong.
No other area in crypto has more social power.
No other area in crypto is more retail-friendly.
The same people who are fading NFTs today are sidelined in other areas because they faded them a few months ago.
Okay I'll say it:
2024 will see a massive NFT bull market.
And, as always, the biggest winners will be those who have patience and conviction.
Plato was right
-get ripped
-get knowledgable
“He who is only an athlete is too crude, too vulgar, too much a savage. He who is a scholar only is too soft, to effeminate. The ideal citizen is the scholar-athlete, the man of thought and the man of action."
Fuck perfectionism.
Build fast. Make mistakes. Take more shots. Give yourself something to improve. Stop worrying when nobody is watching.
You think you're fighting other's opinions when you're just a slave to your own.
Being a startup founder is hard and lonely.
One day you're on cloud 9 with everything going great and the next day you're losing your shit over nothing.
Shout out to the crazy entrepreneurs that choose this path in life and have learned to enjoy the journey.
I had a call with @crypto__kermit last week, and we both said the same thing.
Everyone is fatigued of seeing the same content every day.
We’re now entering a content creator era based around authenticity and depth rather than engagement and breadth.
Excited for this new era.
NFTs are “mostly” dead because:
1. Blur. Sure people say you can’t blame an exchange but it commoditized NFTs as FTs
2. Yuga. Totally deviated from the original formula into a gaming company since they raised too much money (and their games suck. All of them)
There is no real thing as the Ape community as demonstrated by the recent AIPs. Too hard with so many NFTs
3. Proof / Moonbirds. We’re supposed to be the adults in the space and bridging web 2 and 3. If they think Grails is an achievement - you didn’t need to raise millions for any of it. Truly worst execution
4. Azuki. Was supposed to be the come back kid. In reality they are like a kid that you adopt that will steal from you to do drugs and f your life
5. OpenSea. Truly the most tone deaf and idiotic participant that unfortunately is the leader. I hope a Robinhood of exchange without bs incentives come
Overall NFTs fail as 99% are not really non fungible. People list on floor or close to sell and they are happy to just pick another one hopefully cheaper.
Your startup just needs to solve one problem really well not 100.
So build narrow and deep.
Not wide and shallow.
Don’t try to be everything for everyone.