I asked 103 crypto investors, developers, marketers, and founders one question:
“What’s the number one mistake web3 builders make?”
Here is what they said ↓
The best part is it's not hard to find your customers.
They advertise their nfts all over Twitter.
You can even just look at everyone who is following the project's account.
Super straight forward customer acquisition. It just takes a little hustle.
I don't see how someone couldn't make $100k a year just by creating custom designs or items for NFT holders.
People love their NFTs and spend thousands on them, many times even more than their own kids.
Finding a way to provide $100 of value to 1000 holders seems very feasible
I legitimately don't think there's any dollar amount that could keep me out.
To me it would feel like taking the pen away from a poet or the water away from a sailor.
Do you have a number that would push you out of crypto?
While this may have been just a bunch of nonsensical word salad by the VC -- there's actually an interesting perspective here.
If a founder leans too much on the community, they can allow general sentiment to drive the project in a direction that may/may not be best.
Was a little caught off guard cause there was a huge line behind me and I already had my drink, ready to leave.
Trying to keep it short and light, I just said "nah, sleeping all day!"
He chuckled and started to say "haha take me with you..."
Long line at Starbucks drive-through, super busy.
I get to window and see new face, maybe college age, seems like first day of training.
He gives me my green tea lemonade and after doing so asked:
"Got any plans today?"
Did you know there are now over 1000 Pokémon?
The expansion didn't diluate the value of the 151 OG Pokémon.
It increased it by widening the base.
Same thing will happen for
'But the unlimited supply will dilute doodles' - No, doodles 2 is a separate collection that is limited to an initial supply of 33,375 in the form of beta keys. Remember a lot of people hold more than one.
Genuine question, how did Uniswap originally 10x it's first inital user base?
Was it a function of timing + slick product that generated word of mouth? Something else?
Most people understand why owning a house has a better financial outcome than renting one.
They don't, however, use this same logic when evaluating their jobs.
If you have a regular 9-5, you're renting your job.
There are times in my life I've had much more money, "success", and freedom than I have right now.
Despite all that, I've never been filled with more joy.
Building something amazing with pure hearted people. First baby on the way. Supportive wife.
So so thankful.
Time is the most universal and valued currency in existence.
Money is the most liquid and transacted currency on earth.
The permissionless portal that connects these two realities is called
UI and UX get put together a lot, but the best designers I've seen separate these out.
Interface = How people navigate
Experience = how people feel
Before you ever put any thought into UI, the intended user experience should be crystal clear.
Reverse engineer from UX.
Wishful thinking, but if the world ever needed a catalyst for the mass exodus to actual crypto, it would be if/when they try to force CBDCs down our throat.
Essentially, govts would achie the exact opposite outcome they intended.
Feeling ranty.
One of the silliest arguments I hear for the claim all cryptos are securities is:
"Everyone is buying these to speculate!"
That's like saying if we all started speculating on hot dogs, they would magically become a security.
Are there any examples where the original acronym/phrase people started using didn't end up being the default?
Feels like there's a cycle of:
1) Dislike term
2) Debate term
3) Accept term 😅
("Smart" contracts, NFTs, DeFi, etc all had same cycle)
Do you like the acronym RWA (real-world-assets)?
What about:
• Off-chain assets
• On-chain credit
• Under-collateralized lending
• TradFi assets
• Blockchain-based lending
• Tokenized credit
Is there a better term for RWAs? twitter.com/DefiIgnas/stat…