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Writer's pictureRachelSacks.eth

My Thoughts About the NFT Space After What Feels Like a Lifetime

The NFT space has definitely changed, but as with all things, there are positives and negatives.


WAGMI, as a rallying call, has become a bit cringe. “Making it” in NFTs is very subjective.


No other space will be as full of people excited to have anyone to talk about this with.


Find your people. Discord may not be for everyone (I suck at it), but there are other ways: telegram, crypto Twitter, etc. you will find them.


The more authentically yourself you are, the better. Don’t censor yourself.


Lots of new rules for socializing exist here. AKA breaking the old ones. Savor it now.


There are a lot of people still hanging on to web2 practices and ideology. Steer clear.


The best way to learn is by making mistakes. Buying trash rug pull projects, sending eth to the wrong wallet, clicking bad links. You have to throw yourself into the deep end.


Everyone here is writing the rules for what’s to come. Make it right. Take the opportunity to create communities that you want to see.


Don’t ever put in more money than you can afford to lose. No life savings, no rent money. There will always be another project.


Take the time to switch back and forth between buying NFTs and balancing your actual coinage, whether eth, Solana, or Matic. You have to pay attention to these things.


You will probably lose people in your life because they just don’t get it. They will eventually.


It’s important to maintain a healthy skepticism and not trust influencers shilling rug pulls. DYOR.


If you’re after alpha and knowledge of the space, find communities and people who know what they’re doing, @CPGCLUB, @ZenAcademy_, and @CuriousAddys, are some good choices.


Find role models and people who are experts in this space, and don’t be afraid to DM them, interact with their tweets, or meet up IRL.


If you like what someone is doing or working on, shout it out!!


There can be drama in this space. It’s best to just rise above it and not feed into it.


Touch grass. Work on your non-Web3 hobbies. Call your family and friends. Mental health is important.


Again, MENTAL HEALTH IS IMPORTANT. This space can be exhausting. It’s been one of the best things for my mental health, but at the same time, there’s a limit to how much interaction I can handle. Take breaks, and take your time. There will always be another project.


There is enough space for all of us. New projects come out all the time. New people onboard. There will be a spot for you as a creator and an investor.


Do what you can to lift people up. Bringing people down is so Web2.


If you are in the position to be an influencer, disclose that you got a free mint, money, or some type of kickback. Be honest with your followers and set standards.


Meetups can be a lot. @NFT_NYC was a lot. You don’t need to attend everything.


It’s sometimes taboo to talk about, but we’re here to make money because the current system sucks. It’s ok to talk about it.


FOMOing into projects is dangerous. DYOR, learn what the signals are like, and trust your gut feeling. If your gut is saying no, it’s probably onto something.


It’s ok not to know everything. No one does. Be open to learning and able to admit that you don’t know something. Everyone has a little piece of something for everyone else to learn from.


Don’t ever use this last tweet of a thread to shill your profile. Or projects, or a dumb workshop/e-book. Come on. I see it from tech guy “influencers,” which annoys me. This ain’t LinkedIn, honey.


*This article was adapted from a Twitter thread by RachelSacks.eth*

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