🎙 NFT Business Show host: Over 500 podcast episodes highlighting NFTs and exploring Web 3.0 as we move from pure speculation towards creating real-world value.
I am 110% bullish on crypto, but I did A LOT of stupid things during the last crypto bull market. Here are 7 things I learned since 2020.
1. NFTs Are Tools, Not Treasures
In 2020, many of us believed that all NFTs held intrinsic value. We overlooked the truth: NFTs are tools (code), not valuable by themselves. This misconception led to significant financial losses. Holding blockchain-native tokens such as $ETH or $SOL would have preserved more value than gambling on NFTs.
The collection has migrated from Solana to Polygon and then to Ethereum. Many thought the initial migration signaled the end of $SOL , however the unmigrated Y00ts are trading at a much higher price than the collection on Ethereum.
I'm feeling bearish as the $XRP bulls flood my newsfeed with high valuations and conspiracy theories...
I 100% understand XRP's "institutional" benefits and expect the price to increase with adoption. However, I hate feeling like a lemming blindly charging towards a cliff.
Why are there SOOOOOO many bullish content creators?
It looks strange to me because it is not the most interesting token to create content about.
There are 55 NFT projects on Ethereum with a floor price above 1 $ETH . It may surprise you that there are 4 projects on Polygon, that currently have floor prices above 1 ETH.
Surprisingly, a Polygon project closes the list, surpassing two of the most notable ETH projects.
I use NFTGO to explore $ETH NFT trading data. The free tools and plug-ins are amazing for casual collectors, but the paid features are a must-have for serious traders.
I have been using the free tools for almost 2 years, and I met the team at NFT Miami 2023.
I featured them on episode 534 of the NFT Business Show (podcast) because they are doing REALLY cool things within the space.
With that said... Listen to the podcast in your favorite podcast app. That is free too 😀
On Episode 556 of the NFT Business Show, I reviewed my predictions for the NFT market from last year. Some of my predictions will shock you. See how I did 👇