“NFTs are dead. Send them to zero”
It is easy to dunk on NFT projects while the volume is down and FPs go down.
You are not smart, brave or “woke” by dunking on NFTs while they are injured.
You are either ignorant, clueless or just very ungrateful for everything NFTs did.
You fail to see the bigger picture. You fail to remember how NFTs created bull runs.
The truth is NFTs are not failing. People are failing by becoming overly greedy.
Greed, impatience and all the gambling addictions are only increasing in web3.
People see fake 50,000% plays on CT every day and expect to receive that.
Now a 10x return feels like nothing to many degens. No wins are ever enough.
People keep on losing touch with reality as they gamble away all their life savings.
Even though we are in a bull run, traders mental health is easily at an all time low.
The stability, limited liquidity and the more gradual ROI of bluechip NFTs actually balance out the web3 space.
Memecoin gains and fake ct screenshots pollute your minds with unreal ROI porn.
Memecoins are amazing, but they also come with this unexpected trojan horse.
The excessive greed and focus on quick gains has once again created imbalance.
This too shall pass. I’m keeping receipts of those woke individuals dunking on me, NFT founders or any other NFT projects.
If you think the current state of NFTs and memecoins will be forever, think twice.
NFTs have gone through cycles and so will memecoins and many other assets.
Web3 needs the support from NFTs as much as NFTs need support from web3.
Memecoins themselves are needed for the space, but so are NFTs. Punishing NFTs or neglecting them for their current lack of volume won’t end well for web3 when the same happens to memecoins.
Let’s stick together and support each other during the lows and the highs.
Have faith in art and NFTs for the sake of all of web3. I love you all so much.