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The Negatives of the NFT Space

Writer: Stacys.ethStacys.eth

Here I am to drop the tea on the stuff that sucks, and people don't talk about.


1) Many people approaching you only do so because they want something. Most people in your DMs aren't checking in on how your dog is doing, they just want to leverage you for clout, and they'll evaporate the instant you cant provide that - even 'friends'.


2) People assume they know what you should be doing and are VERY vocal about it. Most people don't understand the logistics of running an NFT project AT ALL, yet they will constantly hit you with their opinions on how easy marketing with your "millions of dollars" should be.


3) Working with people fully online who are not doxxed can be really challenging. There are lots of people who are actually CRAZY here (at best, just very unprofessional).


I've been harassed for weeks after politely declining to hire someone after they gave a bad job interview.


4) You get 100 templated DMs per day asking you to support some projects with 0 prep from them. "Hey, we'd like to collab - but we need you to do the art, write the tweet, promote it and sell the piece." You're expected to be able to support all of it 24/7, or they hate you.


Worse, when you stretch yourself thin to help other people, it goes largely unnoticed or unappreciated. People generally overestimate how much a collab with you will advance their own goals and put that disappointment on you.


5) When you're a project owner, people will enter your life, be excited, support you, spend time with you and then just leave your life in an instant because they aren't interested anymore on a very regular basis. It's hard, and it hurts, but you can't do anything.


6) After you hit a certain number of followers, the internet forgets you're a person. Despite starting as a regular joe, you're now held to the same standards as a Supreme Court judge and are criticized mercilessly for any minor mistake or misunderstanding.


7) People here who are highly unethical tend to do very well here.


Specifically, influencers who use negativity and hate to create engagement and projects who use unethical methods to make sales are both extremely common.


8) On the flip side, small teams who want to create something good and take their time are often highly criticized for why they're not doing things differently.


People's expectations of wanting to make money from you are regularly pushed onto you.


9) It's really hard to unplug. Between working with people from global time zones & constantly trying to keep up, it's really really hard to take a break. The mental gymnastics of dealing with the day's scam, stupid influencer opinion, PR disaster, or market dip is a LOT.


10) Lots of people here want to take advantage of you. From the 2 million scammers to the fake promoters to the random person badgering you who thinks they're entitled to get sales just because they showed up to the clout chaser, it's really tiring.


 

I thought it would be fun to share this because it shows a different side of my experience!


Generally, I have nothing to complain about, and I'm very happy because my dreams come true every day I get to work in this space! I have immense gratitude - BUT don't be fooled...


I post this because I don't want anyone to have the impression that things are perfect for me & feel bad that your journey is not like that.


I'm soo lucky - but it's also been hard at times, full of stress, 18-hour days, tearful nights, & broken hearts.


Still, I believe wagmi!


The key message, I think, is to really show love and support to the people who are in your circle for the right reasons and be thankful for every great moment and opportunity.


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

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