At the time of writing these words, the current floor price is about 2 US dollars, and the total transaction volume is 127 Ethereum.
The current web3 NFT project is actually a cumbersome web2 micro-business model, taking twitter as the main battlefield, using mutual push to divert traffic to the private domain (discord), and working with a group of people all over the world with chaotic work from home.
Entrepreneurship at first sight
Enthusiasm/ideas - what do I need? — What do I want to achieve? — What is the first step?
After you have the passion of love at first sight, you can do a good job of a project as long as you quickly understand these three whys. Need money to find money, need people to find people, the essence is a process of resource allocation.
I spent three days talking collab with the artist, and I got the first investment while talking with the artist, and then I used these two conditions to find my marketing team. In a total of ten days, I built the base staff and funding for the project.
Be still first, then think about it, and do it with five or six points of grasp
Personal struggles are extremely smart, and even mixed with some selfishness or evil and aggressive, you can live well in this society, because as long as you see the essential operation logic of things, you can become the victor in the entire vicious competition.
Exercise is very important. Putting ideas into action is the most important thing in the world. The trick is to keep your head simple, but the premise is that you need to have the ability to quickly see the essence of things, which is related to whether your "cognitive tree" is flourishing.
Rich people take away experience, experienced people take money
I have only participated in two projects. The first one was from edc, and I got the first-level quick flip of pre-sale coupons, the second one was Boomgala, i nearly got my cost back due to my trading system;The former is meaningless and has profit margins for short-term transactions; the latter, I fully participated in the project’s community activities and experienced the sense of belonging of the “rabble crowd”. I made friends with the VC of my project and the core members behind it. The inaction of the project side led me to rethink my profit model in NFT. The strength threshold of Create a project is so low, it is worth trying.
Criteria for judging founder qualifications: is it insomnia?
It must be unable to sleep, not the kind of headache; it must be the kind of countless ideas that can't wait to land. I'm in the habit of jotting down good ideas at night, and going through them in my head during the day when I wake up and take a shower, and if two-factor verification works, then I'll do it.
Dream big, fail big
The pattern should be large, so that the story is good, and if you keep brainwashing yourself, you will be motivated if you believe it; a good narrative model must be copied, and the old system must be broken. The more important point is that you need to think about the profit and loss ratio of doing things. Different from trading, the money you get from investors when you do projects, your mentality and operation space will be greater. For example, when I am working on a project:
- Business plan, white paper
- Early project cooperation
-discord build
- Operate two Twitter accounts (Pr, text editing)
-Human Resources
- Graphic design of publicity content
I was doing it all by myself. Multi-threaded work is very refreshing for me and I don’t feel tired, because all I consume is the cost of time. It happens that March to July is also my free period of study.
Where did I lose?
Replay is very important, and the process of fighting monsters and upgrading requires constant memory. There is a link in the NFT release that is often overlooked - the user experience, whether the release process is smooth, these are the added value that makes the product greater than expected. The Dev did not understand, and the technology was not in place, which caused our sales to be delayed and unable to purchase. Therefore, you should be the most cautious when recruiting and buying horses. It is best to get to know a reliable HR very early. Everyone must be under control. I lost to the technicians recommended by acquaintances. Because of this level of trust endorsement and I can't understand The code caused the "drop of the chain at the critical moment".
In web3, it is especially important to control your team members, preferably offline, otherwise everything may go wrong across the screen, and the repair cost is extremely high.
You can't get too close to the user, the thoughts of the masses are important, but if the ears are too close, it will be messy. I have always questioned the DAO, the crowd is always fickle, impulsive, short-sighted, easily suggestive enough to forget about sustainable development. After the product positioning is done, knowledge and action should be integrated, walking on the correct development path, and rejecting noise.
Write at the end, did I RUG?
In my opinion, The answer is No, because I did everything I was supposed to do, and it's July 2022, I need to go back to my university so I don't have time to fully manage a project.
At the same time, many achievements have been achieved, such as opensea blue label certification, the peak market value of the project is 320,000 US dollars, after the failure of the first sale, it has turned the tide, adjusted the equity frame of the second sale, and sold out within two minutes. It is very important to not forget the original intention. I have achieved a clear conscience while making profits. This is investment and life. There are rewards for scratching, and the focus is on participation.
