I round tripped $1.4 million in NFTs.
From a $2,000 investment.
Most went to zero and will likely never come back. So I hear you PTSD riddled folks in the comments.
We’re cut from the same cloth.
But this time is different in one key way.
We can actually see something.
Four years of runway with teams still executing.
Culturally significant artists still selling work for serious money.
Historical projects still ticking over with real trading activity.
Go on NFTScan and you’ll see it plain as day. 70%+ of assets in these collections haven’t moved in 4 years.
Those are holders unwilling to sell.
Exactly how Punk6529 described it. The holders shape the token and the token shapes the holders.
Can you see yourself saying I will never sell this and I intend to pass this on to my kids?
Because that mindset is most prevalent across the three NFT categories I mentioned.
This doesn’t need a miracle.
It needs a small uptick in demand. A slight move in Ethereum. And these things start moving fast.
It’s already happening with the hybrid of “Phygital” collectibles.
Digital is outpacing physical demand for collectibles because there’s less friction better social signalling and more liquidity (most importantly zero counterfeits)
Most people will be late. Again.
If you want to get ahead of it, I’ve put together an NFT investing guide. 21 of the best low entry, risk-adjusted plays for this cycle.
Based on my 5 years of mistakes.
So we don’t screw it up twice.
Link in bio.