Do you seriously think a brand new NFT project is worth more than one that’s spent four or five years building a real moat?
The market might price it that way for a few days or weeks, but that doesn’t make it true
We see the same cycle constantly
Mass hype, endless shilling, a scramble to mint, the reveal, then a couple of weeks later everyone has moved on to the next new thing
It’s been happening for years
Most new projects eventually join the tens of thousands that are forgotten and trend towards zero
Sometimes the founders are scammers who understand the cycle and use it to extract as much money as possible
Often they start with genuine intentions but get rugged by the process
I don’t think this will ever change
Excitement, speculation and gambling are part of what makes NFTs what they are
The mistake is confusing short term attention with real value
When you’ve been part of an OG project and lived through multiple cycles and metas, you understand the game and become fairly immune to it all
No individual project can fix the wider market
All you can do is turn up every day, stay relevant, create good work, build your own identity and make what you’re building more valuable over time
Time is the greatest filter in NFTs
Anyway, what are we minting today? 🙉