Anonymous author
・about 11 hours
Something crypto people don't think about enough:
+ The NFT craze was 90% driven by the *status* people acquired when they set a blue chip NFT as their Twitter PFP.
The narrative was all about "art" and "primitives", but the financial demand was largely about the ability to acquire followers in a space that has distribution, which then led to lots of people making lots of money.
(The art and the primitive was real, but it wouldn't have been fun for people without the money. I think we've provent that over the last few years.)
^ What's the point?
Being honest about this is useful for understanding how the next big crypto products can break out, and how.
Bio