It’s been 30 months since I joined the NFT space. Here are 10 short observations about the space.

Let me know which you agree/disagree with. Happy to elaborate on any but keeping them short for this article.

1/ Time Test: Passing Fad or “Blue” Chip

Every time there’s a trending & mooning floor price new NFT project, breathe.

Stop declaring it to be the next blue chip.

To be a blue-chip, it needs to pass the time test: 18 to 36 months if floor & volume maintains.

2/ When to Sell

“You can never sell the top” is an adage you hear a lot but what’s more helpful would be giving you an indicator of when to sell a new NFT project (assuming it has gone up significantly).

Rule: “Sell when others are flexing” on social media like crypto twitter

Sure, it may moon after you sell.

But almost always, by the time everyone is flexing on CT, we are near the all-time top.

Like the project? Sell, wait & buy back.

3/ Being right in short windows is better than being right in long windows

I recall thinking that a hyped gaming CEO & project were a joke & grift.

Alpha caller friend thought otherwise & bought. Friend made tons managing to sell as it pumped.

CEO/project turned out to be a joke.

I was right with the meta/overall call but made no $. Friend was wrong about the meta/overall but made tons.

Conclusion: Don’t fixate on the forest so much that you forget the trees.

4/ It’s more of WHO you are than WHAT you post

Having A+ views & content without proper audience/platform loses to a person who posts B content with A+ following/platform.

Harsh but true.

Elon saying view A > random jack saying the same view A.

That said, offer quality even if 1 person reads/benefits. Consistency matters and you never know which of your posts blows up.

5/ It’s not the idea, it’s who does it

Staking and introducing a token for NFTs are not new ideas. But X blue-chip doing it is often seen as WAY better than random projects doing it.

So, team > idea.

But mechanics are important, can’t be the plain vanilla approach.

6/ Aligned interests or bags is the name of the game, sadly

Like it or not, most if not all people in the space are in it mainly for the $.

This means aligned interest/bags > ethics, morality & truths.

Do what you want with this info.

Note though the blockchain does not lie.

7/ Like it or not, there are Kingmakers in Web 3

If these bunch of people want you to succeed to put their weight behind you, you are likely to succeed.

Bad bunch: Influencers cabal

Good bunch: Spirit DAO

8/ The “right” decision is one based on principle than hindsight

Sold something bc principles/metric you stand by were met, but it mooned?

Still the “right” decision.

You will lose more than you gain in the long run if you don’t stand by your principles.

9/ Projects that empower their community over empowering 1–2 individuals

If you think Azuki, BAYC; you would think of at least 10 prominent community members.

Conversely, projects with 1 community face behind the main person often loses out because it’s mostly about that 1 person.

10/ Find your own path & Be Yourself

Spoke to a well-connected friend in the space, the likes who can launch a project now and raise 2000 ETH.

A lot of his peers are doing just that.

I asked why aren’t you doing that?

He: Because it’s not me. I will run my own path.

Hope you find the observations useful, drop a follow Binance Creator. #4 #4low #cryptocurrency