Too many start projects to make a fast buck – too few operators construct their very own Sesame Street, Pokémon or Hello Kitty. I am committed to constructing the VeeFriends mental property for the rest of my life.
I know many of you could be considering starting your individual NFT project. For those who are one of these people I don’t desire you to be scared or discouraged but I want you to understand the macro picture of what this implies and the responsibility you have to now have to be a real operator and perform for the community that invests in you .
Where NFTs are headed in 2023 and beyond
In fact, nobody knows exactly which direction the market will go, but I have a number of ideas. For now, my team has asked me a number of questions below about where I think NFTs are headed.
What do you anticipate to change or stay the same in the NFT space in 2023?
My intuition is that we will still be in a frosty situation, so I think that will remain the same. I don’t think the macroeconomic landscape is changing enough to make me think we’re facing one other round, but I think what will change is that we’ll have more significant projects.
The individuals who will construct latest projects or construct on top of their current projects in 2023 are those that are incredibly committed to blockchain macro and consumer blockchain and NFT – so I’ll keep watch over the 2023 projects as I think they will be based on more meat, more steak, more truth than 2021 projects.
What’s your early approach to regulation on this space, and do you’re thinking that that is the next step for NFTs to change into practical?
My stance on regulation has remained unchanged… I am delighted with regulation, I grew up in a regulated industry – the alcohol industry – so I am incredibly ready at any time for a government or governments around the world to issue a regulation. Guessing what the government is doing will not be something I’ve ever been good at, and I have not put much time or energy into it, so in conclusion… when it comes to regulation, I’m standing by and prepared to implement it.
What brands/corporations are “actually” getting NFTs now?
I said March 2021 that my intuition was that enormous corporations would make poor use of NFT because there can be an excessive amount of supply for large-scale projects to succeed by creativity alone.
Today my opinion stays the same. It’s hard for me to answer this query because the projects I’m most aware of and enthusiastic about are these Vayner3 is involved, and I will not grade my very own homework. And truthfully, I’ve been so busy with VeeFriends that I have not been able to concentrate to the branded NFTs.. I have not even been able to concentrate to the general NFT space in the last six months because I’m very focused on mine.
What advice do you have got for individuals who have invested in NFT in the last 2 years and are actually afraid of where the market goes?
For that I have some answers and things to take note…
And, you do not lose money on NFT until you sell it.
B, you could actually want to sell the NFT at a loss because you’re offsetting other capital gains.
C, should you care a lot about this life, NFT and blockchain and also you’re committed to it, you do not bail simply because of eight bad months. I had eight bad seasons with the Jets, I didn’t quit. 😉
D, should you want to put more capital into the game, learn from the mistakes and successes of the past 18 months and really re-read this whole blog post. Concentrate to the operator.
E, don’t leave the place even should you’re not selling or buying. Spend this next yr learning a disgusting amount of history, current technology, and a spotlight. There are various corporations I follow for 3 years before I buy their stock.
Why I am empathetic to NFT critics
Even with all the claims that NFT is a “fad” or a “scam”, I still feel sorry for individuals who don’t think it. I am empathetic because I understand the fear behind this prospect.