# $TIME is on my side?

By [Patrick Workman](https://paragraph.com/@phishfood) · 2021-12-02

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The first NFT I purchased was patrickworkman.eth. It was an obvious choice. Domain names are familiar. I'm Patrick Workman. Peanut Butter & Jelly.

![Maneki Gang #11892](https://storage.googleapis.com/papyrus_images/b4b1992d339c4c157bdc23e3c41548f18fbf16d556e0a5ff6bd7a966912bf488.png)

Maneki Gang #11892

My second NFT was from from the [Maneki Gang Collection](https://opensea.io/collection/manekigang). [I chose Maneki Gang #11892](https://opensea.io/assets/0x08da8a11c9b3a35d715b5da5b3e4661929490f53/11892) because it had a tie dyed shirt (I like tie dye!), a newspaper hat (I like newspapers!), an active Discord server and cost $200. After I purchased my Maneki, I used it as my pfp everywhere, including work.

A co-worker noticed my Maneki pfp and reached out to talk about NFTs. He's been working on a project that prints and delivers t-shirts using the images from NFTs in a wallet. After our call, he asked me for my NFT thesis. I didn't have one, so I drafted this:

*   NFTs are in the early innings, maybe not even in the game yet.
    
*   Most of the projects are aspirational w/o substance.
    
    *   People copy/pasta BAYC and hope to profit.
        
*   99.9% of projects attempting to build communities through images will die.
    
    *   Community building is hard.
        
*   This wave of NFT projects will come crashing down with the next crypto dip. Demand is being pumped by people w/ big bags of crypto and no where to spend it.
    
*   Gaming will create the first consumer crypto projects that scale.
    
    *   Owning land in the metaverse will produce gains. TBD what platform breaks out before FB gobbles up all the attention.
        
        *   Tough to compete against a $10B bag…
            
*   I don’t understand the draw of owning digital art. I also don’t understand the draw of physical art ownership.
    
    *   There’s a status in ownership element component, but it isn’t in my universe.
        
    *   I understand collecting and owning Phish posters, which I buy and keep in a binder under my bed. I have limited interest in collecting or owning an NFT of a Phish poster.
        
*   People are pushing the easy button and attempting to force physical > digital.
    
    *   Smells like web1 when magazines became websites.
        
*   Purpose based projects (buy the Constitution) will organize people around a common goals/interests. I'm going to create [Daft Punk DAO](https://twitter.com/daftpunkdao) to get the group to perform…one more time.
    
    *   **LIFE GOAL**: Book Phish for a private show with tickets allocated to people with the highest levels of participation in our DAO (what ‘participation means is TBD).
        

What I learned yesterday:

*   $TIME is on my side: I heard about OlympusDAO's Wonderland project, [did a minor amount of research](https://www.blocmates.com/blogmates/a-complete-guide-to-wonderland-money-time-mim-and-memo) and aped in. Getting tokens to Avalanche was an adventure. Through [ElkDex](https://app.elk.finance/#/elknet), I bought $ELK (Polygon) and bridged $ELK / Polygon > Avalanche. Once the $ELK arrived on Avalanche, I swapped $ELK for $TIME through TraderJoe and staked it through Wonderland. The rabbithole is deep.

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*Originally published on [Patrick Workman](https://paragraph.com/@phishfood/time-is-on-my-side)*