NFT projects shutting down or “rugging” (like many of you call it) signals a greater issue with the NFT landscape than just the founder.
NFTs are not a sustainable business model.
Unless you’re just selling art, community, and vibes, founders will always struggle to create something of longevity that constantly pleases their masters (aka holders)
Why?
Because there have been almost 0 NFTs that make a product/service that reaches beyond their holders and fills a need for a broader ecosystem of users/consumers.
And close to none that have become profitable due to post-mint exercises.
NFTs are a fun vibe in a bull market for everyone because hopes are high and money is flowing.
And no one really thinks about how the project can be a sustainable business venture beyond the initial raise cause we are all making money and vibing so hard, so who cares.
But the reality set in during this bear that most of it was just smoke and mirror.
The question remains: how do you create a sustainable business model via an NFT project that doesn’t rely on more mints, current community members to fund it (i.e. merch), or royalties.
GM!
After months in the making my "30 days of NFT Tech" course in partnership with @ZenAcademy is very close to coming out! 🦊🔮
It's an email course that'll run daily for 30 days. Each email is 3-5 minutes to read and will teach you a little more about the technology behind NFTs. 📧
Topics include the EVM, gas, keys, security, decentralisation, consensus, scalability, and you'll get to read smart contracts and even write your own! 🧠
It's entirely FREE and everyone who's read it says it's packed full of value. 💸
We are running an early sign-up period now for a week before we officially launch!
You can sign up to the course now at:
https://t.co/EOr3o7cRa4
As a bonus in the early sign-up period you'll get an accompanying "workbook" with questions for each day, for this limited time only! 📒
The workbook is really vibrant with pictures from Zen Academy and our own brand @tokenpagexyz.
I'm really excited for the course to be out incredibly soon. Comment or DM if you have any questions!
Doing your own research is the most powerful Edge in Crypto.
But most people suck at research.
Here are my Crypto research frameworks to make it easy:
(so you don't have to rely on influencers)
Output > outcome
As an overthinker, I'm a pro at getting lost in thoughts.
Channel that mental energy into action
⬇
Get over the initial struggle starting
⬇
Build momentum and keep going
⬇
Stay committed to your goals
⬇
Form new habits
𝙊𝙪𝙩𝙥𝙪𝙩 𝙞𝙨 𝙠𝙚𝙮
Still finding a Web3 mobile game that's
• fun
• secure
• quick to load
• smooth to log in via email
• free of constant message pop-ups
Is that too much to ask in 2023?
We aim to please everyone and 'be good' at the cost of our well-being.
Ask yourself - Is this request reasonable?
Turn away people who take you for granted.
Those who care will respect your 'no.'
Those who don't aren't worth your time.
Multitasking isn't the skill you think it is.
Focusing on one task at a time lets your brain reach a flow state. Don't interrupt the process.
Achieve more by doing less.