Most NFT projects are on the verge of shutting down soon unless they do one thing. So, what is this one thing? Let’s find out…

Over the past couple of months, numerous NFT projects have shut down their operations. Including some projects that I once considered a second home and had high hopes for.

But what is leading to the demise of many NFT projects? The answer is simple: Most NFT projects lack a sustainable business model.

In fact, 99% of NFT projects heavily rely on their mint funds as a source of runway, without developing recurring sources of income for a sustainable business. It is no longer feasible for projects to continue operating in this manner.

But why are so many projects closing down now? Royalties, or rather the lack thereof. Historically, many projects have sustained themselves through funds raised via royalties. However, with the recent shift to zero royalties, this is no longer a viable option.

If you take a closer look at projects like @BoredApeYC... You'll notice that a significant portion of their funding has come from royalties, often surpassing or equaling the funds raised through mints.

Since royalties are now a thing of the past, projects are in dire need of generating income. But the question remains: How can they do it?

1️⃣Case Study #1 - Pudgy Penguins Not only are @pudgypenguins

One of the cutest Web3 brands in the space, but they have also successfully developed a sustainable business model with recurring revenue through their Toys Line vertical.

In fact, as reported by @LucaNetz, Pudgy Penguins achieved over $500,000 in sales within the first two days, selling more than 20,000 individual toys. This remarkable feat surpassed established legacy brands such as Disney, Transformers, Pokemon, Barbie, and Legos.

2️⃣Case Study #2 - Stoned Ape Crew Another NFT project that has captured my attention is @StonedApeCrew. They are actively building a bridge between Web 2 and Web 3, with a specific focus on the cannabis industry.

One thing about the cannabis industry is that credit card payments are often rejected by vendors. However, SAC has come up with a solution. They have introduced PayLeaf, a cryptocurrency payment processor that enables seamless digital transactions using the blockchain.

What sets projects like PP and SAC apart? They have successfully constructed sustainable business models that revolve around a brand-centric vertical. In short, they have effectively amplified their brand's vision and transformed it into a profitable enterprise.

FOR FOUNDERS, here are some actionable steps you can take today:

• Start with the why - identify your brand's core mission.

• Outline ways in which you can reach that vision.

• Break these down into concrete, actionable steps.

• Start executing.

FOR HOLDERS: Take a moment to evaluate if the project you're invested in has clearly outlined business models and reliable sources of recurring revenue. If not, it might be time to consider selling.

Original:

https://twitter.com/crypto__kermit/status/1670823161934356485?s=20

“It only took me 2 DAYS to create this beautiful Lofi animation Bringing AI pictures to life is way easier than you think. EVERYONE can do it. These are the 8 steps you should follow”

https://twitter.com/0xFramer/status/1666166532617928708?s=20

Great image accounts for 50% of success.

Before selecting a picture for animation, consider:

• Is it aesthetically pleasing?

• Does the layout of the picture seem right?

• Are there enough objects to animate?

Remove all unnecessary elements.

AI tends to add random objects that don't make sense. You can easily remove them using PS GenFill, Dalle2, RunwayML, or cleanup pictures.

Supercharge your composition with additional assets.

You can add anything you want - cars, people, trees, street signs, etc. This can be achieved in two ways: a) By cropping objects from variations of your original Midjourney picture. b) By adding them with AI.

Upscale your image with AI.

You can easily increase the quality of your AI-generated pictures by 4x in less than a minute. The best tool I've found so far is AI Nero Image Upscaler.

Separate the objects you are going to animate from the main composition.

Make sure your composition is clear, so when the objects move, there's a plain background behind them.

“It is time to animate. Even though it might be frustrating to use Adobe After Effects for the first time, it is the best and most powerful software - everything you will ever need. So, it's worth it.”

The main AE functions I use:

• Mask: To hide or reveal parts of a layer, create shapes (e.g., shadows), or cut out specific areas.

• Position: To create simple movement.

• Position + Puppet tool: For an advanced movement, such as animating people walking.

Adding green screen assets.

There is a lot that can be achieved with ready-to-use green screen animations. You can find them on YouTube or other websites. Although I haven't utilized any in this Lofi animation, this is what the process looks like.

Finally, the sound design. Whether it is a simple melody or city ambience, you can download royalty-free assets from Youtube/other websites.

https://twitter.com/i/status/1666166532617928708

Prompt - "give me an awesome idea for a social responsibility short video" ]

-Answer from ChatGPT - GPT 4------[ Title: "Bottle of Life: Turning Waste into Hope"

Concept: The video will begin in a bustling urban cityscape, filled with high-rise buildings and fast-moving cars. In the midst of this modernity, there is a problem: litter, specifically plastic waste, scattered on the streets and in the gutters. A young girl, Emma, is seen walking home from school and she notices the trash, especially the many plastic bottles. She is visibly upset. Once home, Emma starts to work on a school project, the topic of which is social responsibility. With the help of her elder brother, she decides to collect the plastic bottles from around her neighborhood. They gather as many as they can carry and bring them home, where they clean the bottles thoroughly. In their small backyard, they fill the bottles with a mixture of soil and compost and plant seeds in them. They care for the plants every day, watering them, and making sure they get enough sunlight. Over time, we see the seeds sprout and grow into healthy plants. The siblings document their journey and post regular updates on social media, encouraging others to join their initiative of turning waste into green life. Word spreads in their school, neighborhood, and then citywide. We see people from different walks of life following their lead, from kids to adults. Every participant shows the process on their social media channels, creating a domino effect. The video ends with an aerial view of the city, once gray and dull, now dotted with green spots of plants growing in recycled bottles. The last shot focuses back on Emma, who delivers the final message: "Every small action matters. Let's turn our waste into hope." This video aims to raise awareness about waste management and the environment, inspiring people to make a difference in their own way.

2.Use MJ to generate image from storyline from ChatGPT

A young girl, Emma, is seen walking home from school and she notices the trash, especially the many plastic bottles. She is visibly upset. Once home, Emma starts to work on a school project, the topic of which is social responsibility. --v 5.1 --ar 16:9 --s 1000 --v 5.1

https://s.mj.run/egwSyojbmos Emma With the help of her elder brother, she decides to collect the plastic bottles from around her neighborhood. They gather as many as they can carry and bring them home, where they clean the bottles thoroughly. --ar 16:9 --v 5.1

https://s.mj.run/egwSyojbmos Emma, with her brother In their small backyard, they fill the bottles with a mixture of soil and compost and plant seeds in them. They care for the plants every day, watering them, and making sure they get enough sunlight.

https://s.mj.run/egwSyojbmos The video ends with an aerial view of the city, once gray and dull, now dotted with green spots of plants growing in recycled bottles. The last shot focuses back on Emma, who delivers the final message: "Every small action matters. Let's turn our waste into hope." --ar 16:9 --v 5.1

3.Use KaiberAI to generate video using KaiberAI

Go to http://Kaiber.AI and create individual videos for different images generated from Midjourney. This step is important. Make sure to use the below settings in http://Kaiber.AI, you can change them as per your needs.

4.Use Kaiber to generate video using MJ Images

This section talks about the http://Kaiber.ai video setting. Video Duration : Amount of time required. Ensure to pick the right duration, your credit consumption depends on it. I went with default 8 seconds for each MJ Image Camera Movement : This setting can make or break your results. Learn about the differences.

In doubt - use Zoom In. Evolve: Amount of freedom you give KaiberAI to innovate with your original image. Low number means it will stay with your original image. High number, expect super surprises. Use high for non storyline based videos Boomerang : This is a very cool option, if you need the video to do a spin, this is a great option. I will share a video that leveraged this option innovatively.

Optional Song Playback : If you have an audio file that you have generated or recorded, you can use it here. If no file is provided, video will not have audio. You can add audio using other tools like iMovie.

5.Use Google Music LM to generate Music

Google Music LM is currently in TestKitchen - https://aitestkitchen.withgoogle.com/signup If you don't have access, do signUp. I got access within a day. Now we are going to use the prompt from ChatGPT storyline to generate custom our own music. You can see the prompt that I gave attached here. Google Music LM would generate 2 Tracks. Pick the track that you like, if you dont like any, keep modifying your prompt. Music LM does an amazing job based on detailed prompt. Download your best track.

6.Final step - Assemble Video & Audio

If you have only one video and one audio, then you don't need this step. You can consider using Kaiber AI to assemble the video and audio. If you have multiple videos and audio like me, you can leverage iMovie on Macbook or http://RunwayML.com. Hope you have a great time creating awesome videos. Have fun.

Original:

https://twitter.com/i/status/1665586568298643457

Butternut.ai helps you build a fully-functional website in under 20 seconds without writing any code. Think Wix or Webflow, but with generative AI. Enter your business name and keywords, and get a stunning website with images and copy in seconds. https://butternut.ai/

Trait

• Fast-Create a stunning website in 20 seconds with AI

• Easy-Enter the name and keywords

• No coding required

• After generating, it can be edited or regenerated

• SEO

  Tutorial

  Enter the name and related keywords, and a website will be generated within 20S

Let's cite Ominibox as an example.

Key words: games center,roleplay,AI armor generator,Personal game scene,discover,cool,games and equipment library and so on.

Click "try for free" to jump to another waiting interface. The official generation time is 20S, but from a practical point of view, it may take about 1min to completely generate a website. But anyway, it's better than doing it alone for a week, as they say.

Website done：https://butternut.ai/generated/646b0ccdf5ccb31561c45081

The whole process is simple but relatively complete, especially the layout including product introduction, contact information, product features, etc.

After the website is generated, you can choose to edit or directly select Go Live, and they will send the website to the bound mailbox.

Something needs improved

As mentioned above, actually, the speed and effect of generating a website are still amazing, but there are still several problems with the current beta

①Generated website templates are exactly the same

I regenerated a website with other names and keywords, but the sections set up on the website are exactly the same, only the copywriting and pictures have been changed.

②The website generated currently does not support image modification, only text editing.

③The image on the website is single and cannot completely match the product theme.

If it is detailed things, manual modification may be required. And the overall style is currently relatively difficult to achieve diversified transformation.

The above evaluation is only for the free version of Butternut, and there is no investment advice,DYOR

Your New Always-the first Available AI teacher in the world, it can be hard to find someone to talk to when you need. Call Annie will be your honest AI friend who's ready to talk whenever you are. With Call Annie, you can talk about anything and everything. Whether you're looking for fun,for new, for learning language,or business ideas with her!

website: https://t.co/Xd0vtR0eNA

The users of this AI are located in those who studied language, art and engineering, and it can be opened for free by dialing the phone directly. The AI image is very realistic and the response speed is very fast, and it can communicate across time and space.

Although the popularity of Twitter is average, there are many KOLs who jointly promote and support Call Annie. Next, let’s take a look at the practical application of this model

https://twitter.com/frantzfries/status/1651316031762071553?s=20

https://www.pinterest.com/pin/885942557927565360/

If u want to learn English,or find someone to accompany, then yeah, go head and call Annie~

"Hey say GM back"

"Ykw BTC is growing"

"Jesus fomo"

"Imao funny memes lol"

Twitter today

“Ten AI tools you must know about”

“Things ChatGPT tells you”

“Will AI replace human? “

You see, the premise of human thinking is the ability to survive and to be able to outperform machines, and the anxiety of being constantly replaced by them.

AI is gaining momentum, and for the business, this anxiety comes from being surpassed by peers, being outdated by the times, having no innovation in products, and so on, so they are playing catch-up.

In 2023, a wave of AIGC+ native products emerged, or +AIGC empowered products, with an AI label. The latter is more about product function iteration and transformation. When ordinary projects lack interest and novelty, the emergence or prosperity of AIGC is indeed a life-saving straw to grasp, regardless of the development of the C-end. The B-end has the opportunity to enter the VC's waitlist and become the new darling. And when leading global companies are all establishing AI incubators, the competition has begun...

• SoftBank Capital Group has completed a seed round investment of $3 million in AI WORLD.

• The Solana Foundation has launched a $1 million fund and introduced ChatGPT-related plugins.

• IOST has established the IOST AI Lab.

• SoundHound AI has released the world's first car voice GPT.

• MiHoYo and the "Star Rail" team have begun exploring AI tools to assist in game development.

When capital enters a specific industry on a large scale, it often indicates the future development direction of the industry chain. Native AIGC products should focus more on function development, while existing traditional industries should incorporate AI elements for empowerment. Here are some examples:

AIGC

jasper.ai-writing

frase.io-marketing

otter.ai-transprition

Typefully-Twitter

Let's site Otter for example. The Otter.ai Chrome extension intelligently detects when you open a virtual meeting link in your browser, or add one to a calendar event, and provides a quick and easy way to send Otter Assistant to that meeting – ensuring you never miss a key moment from the meeting. The Otter.ai Chrome extension is compatible with Zoom, Google Meet, and Google Calendar.

Using Google as an example, all you need to do is add Otter as an extension and allow it to act as an assistant for online meetings.

In addition to recording the entire meeting, there are also keyword summaries and annotations of key points. At the same time, voice recognition is very accurate.

If the AI transformation of meeting records leads to some people losing their jobs related to this work, what does that indicate? Taxpayers' money is indeed easy to "swindle".

For users, AI anxiety comes from curiosity, media hype, and work needs, so it is integrated.

When AI trials for free, like ChatGPT and Midjourney, allow a large number of users to taste the sweetness first, payment will inevitably follow, and an information gap will arise. People seem to enjoy the superiority and pleasure brought by the "I understand, you don't" mentality. Imagine, when the people around you are struggling to create a near-perfect report, your command has helped you complete a new logical report at lightning speed, just like the 10X, 20X, 30X advertised by AI products...

According to the latest report released by the National Bureau of Economic Research (NBER) in the United States, generative AI can increase customer service productivity by 14%. If an increase of less than 20% in productivity is enough to threaten human jobs, humans would have faced the danger of unemployment 60 years ago, as machines increased productivity by 60%. Of course, the development of AI cannot be generalized with the era of big machines.

When AI is detached or even uncontrollable by humans, it is not an intelligent entity that can make decisions and control itself. It is just a tool that can only execute programs written by humans, with humans being the actors. Whether in the era of big machines or AI, they both require human training and improvement to achieve better results. You can choose to polish your work to make it more perfect, with the precondition of using your subjective initiative and allowing your brain to participate.

All of this is based on the premise of treating AI as a tool on the basis of human intervention.

As mentioned above, Beautiful.ai can accept your appearance, Otter can accept the complexity of meetings, and Jasper.ai can accept your clumsy language and poor speaking skills.

Therefore, the emergence of AI is for fun, for use, for better work, and for something you don't have but expect to have.

It's okay, AI can forgive and accept your imperfections.

Happiness is an internal pursuit, while talent and excellence are often outwardly directed. Shifting from outward validation to internal exploration has been a profoundly transformative experience for me.

When we focus solely on external factors and strive to attain them, we may become addicted to the resources they offer and to the attention they bring. We label ourselves as successful according to societal standards, and eventually, this behavior can turn against us, leaving us feeling unable to progress any further. Our hidden anxieties, stresses, loneliness, emotional fluctuations, and negative emotions may surface and we may struggle to find a peaceful way to cope with them. This may lead to self-attacks, self-disgust, and an underlying sense of anxiety and tension that constantly lingers within us.

Now, my perspective has been utterly transformed. No longer do I yearn to embrace a future, idealized version of myself, but instead I endeavor to understand, accept, and love the flawed, real, and present me, who is equally deserving of affection.

Though temporal freedom, financial freedom, or even spatial freedom may be laudable pursuits, it is the freedom of energy that represents the pinnacle of true liberation - I seek vitality and joy that is enduring.

What follows is a compilation of personal methods that I have found to be effective in rebuilding my shattered self. These methods include securing a healthy environment, establishing a personalized system of life, grounding myself in the present moment, and expressing my insights through writing - from action to perception to articulation.

1.Protecting Your Information Sources

The environment has a significant impact on shaping who we are as individuals. We are products of our surroundings, and our self-perception largely stems from the information sources and social circles we encounter in our daily lives.

During a Google talk, psychologist Kahneman was asked how to exercise reason in a world manipulated by advertising. His answer was roughly, "Don't expose yourself to these toxic environments. Our intuition and instincts, or what he calls 'System 1,' are powerful and unconscious, always running until we are fooled or manipulated into thinking we are better than we actually are."

Social media platforms like Instagram and Facebook easily inflate our egos and fuel our desires. When we see those tempting lifestyles or others' expansive worldviews, we often experience emotions such as envy, longing, and even jealousy, which can lead to self-doubt and dissatisfaction.

Of course, having desires is not necessarily a bad thing, and it can bring about a surge in motivation. However, it's essential to match our desires with our current energy levels. When my energy is low, I try to avoid browsing through social media and instead focus on expressing myself in a more niche community.

In recent months, I've taken the initiative to isolate myself from information overload. I spend a fixed amount of time reading each day, exploring a more complex world with unfamiliar experiences and broader perspectives. This type of deep reading stimulates deeper thinking and leads to spiritual freedom.

Therefore, we must ask ourselves: what constitutes truly exceptional content?

The answer is simple: an excellent work withstands the test of time, not just fleeting trends. As people's aesthetic and value systems change over time, superior works retain their value and significance across different eras and backgrounds.

2.Building a Stable Life System

A stable life system begins in the early morning, when a large amount of energy is stored.

James Clear, in his best-selling book "Atomic Habits," has said: "Forget about the goals, focus on systems instead." Work is generally energy-consuming, because there is a lot of "ineffective" communication.

Recharge yourself every morning, accept that your body and mind cannot sustain continuous operation, and treat your body well without self-torture or self-exhaustion. The key actions in the morning are nourishing with reading, writing, and exercise, which bring internal drive, persistence, reading, self-control, solitude, early rising, resilience, and mindfulness.

In this process, truly feel the "existence of self," and be with yourself to find happiness. Slowly let go of external demands, external dependencies, and external control. Stay away from social media, establish your own system according to your own order, achieve real efficiency, and start a new day.

Create yourself as a guide. If there is one thing I have learned about happiness, it is that building order in daily life is the true art of self-management.

3.Maintain a sensitivity that is in tune with life.

Oscar Wilde once said: "To live is the rarest thing in the world. Most people exist, that is all."

Existence is a result, while living is a state of being. Therefore, I have spent a lot of time learning and experiencing what it means to truly "feel alive". To "feel alive" is to have a vivid and lively energy flowing within oneself. This energy brings me inspiration for creativity, curiosity for new things, a desire to explore the world, and the ability to act with efficiency and decisiveness.

When you wake up each day, instead of waiting to see what the day brings, decide from within what kind of day you want to have. You need to consciously choose how to spend your time, what activities to engage in, and with whom to build connections. Keep an open mind to all possibilities of existence, explore yourself and the world around you, and experience true joy, satisfaction, and meaning.

When I was young, I believed that emotions were more important than work and life. After graduation, I thought work was more important than emotions and life. However, now I believe that life is more important than work and emotions. Here, "life" is just a medium, and its core is about experiencing and learning new knowledge for self-education.

No matter how many setbacks I encounter in both work and relationships, I can always find the power and energy of self-healing from life. Starting from personal experience, I observe, reflect, and creatively construct the small world around us, and transcend myself through self-exploration.

Conclusion：I aspire to gradually establish an inner order that will prevent me from projecting negative subjective feelings onto external information, and instead enable me to actively absorb the energy from external information that can enrich and fulfill my inner world.

From now on, my striving will no longer be directed towards meeting external expectations from parents or society, but towards embodying the values that resonate deeply within me.

#life#mental health#Stress-management

AxieInfinity, BAYC, and other projects with high returns have led many Web2 companies around the world to shift their focus to Web3. As a result, a large number of Web3-native incubation projects have emerged. Investing in short-term and profitable projects will be the consensus, especially those that can eliminate the impact of physical factors and government intervention?

Of course, eliminating government intervention also means that the market determines the direction of the price and value of these projects. Luna's collapse has indeed confirmed the "curse" of the three-year cycle, but it has also confirmed the loop where Web3 thrives and declines together. In a lukewarm market, OpenAI has brought Web3 to a new level. Or, in other words, AI has replaced Web3 as a bigger "windfall," especially when there is a lack of innovation in projects.

AI is rapidly emerging as a leader in various fields such as healthcare, finance, and technology. AI systems are being used to solve complex problems, make accurate predictions, and automate tedious tasks. However, it's important to note that while AI is leading the charge, it is still just a tool, and its effectiveness ultimately depends on how it's used by humans.

For example, if we consider ChatGPT as a content-AI, it's still just a follower in the sense that it relies on human input to generate responses. ChatGPT is trained on vast amounts of text data, but it doesn't create its own content. It merely synthesizes existing information to provide responses to user queries.To that end, other projects and VCs should take this into consideration.

Similarly, there are other AI forms like image recognition systems, music generators, and chatbots that also rely on human input and oversight to function effectively. These AI systems are tools that can enhance human productivity, creativity, and decision-making, but they can't replace human intelligence and intuition entirely. There are some successful AI projects below.

Amidst the booming growth of AI, what will be the prospects for web3 projects that are still in the early stages or nearing completion?

The growth of AI and the development of web3 projects are not mutually exclusive. In fact, there is a lot of potential for web3 projects to leverage AI technologies to enhance their functionality and improve user experience.

That being said, the prospects for web3 projects will depend on various factors such as the quality of the project, the market demand for the particular use case it serves, and the level of competition in space.

One advantage that web3 projects have is the growing interest in decentralized technologies and the shift towards a more decentralized web. This trend is likely to continue, which could lead to increased demand for web3 projects and technologies.

Additionally, as more people become familiar with blockchain and cryptocurrency, there may be increased interest in web3 projects that utilize these technologies.

It's also worth noting that the success of web3 projects may not solely depend on AI. While AI can certainly enhance the functionality and usability of web3 projects, it's not necessarily a requirement for success. There are many successful web3 projects that do not utilize AI technologies.

Overall, the prospects for web3 projects will depend on a variety of factors, and it's difficult to make a blanket statement about their future success. However, there is certainly potential for growth and success in this space, particularly as interest in decentralized technologies continues to grow.

How is the AI boom affecting Venture Investment for web3 projects, and what are the potential threats and changes?

It is unlikely that AI's appearance would directly affect web3 venture investment. Web3 is a term that generally refers to the next generation of the internet, characterized by decentralized systems and the use of blockchain technology. The success of web3 ventures will depend on factors such as the value proposition of technology, the team behind the venture, the market demand for the product, and the scalability of the solution.

However, the use of AI in web3 ventures could potentially have an impact on investment. If AI is used effectively in these ventures, it could enhance the value proposition and improve the scalability of the technology. This, in turn, could make the venture more attractive to investors.

Additionally, investors may be interested in web3 ventures that incorporate AI as a way to differentiate themselves in a crowded market. After all, AI shows more prominent artistry than NFTs.

Overall, while the appearance of AI may not directly affect web3 venture investment, the use of AI in these ventures could potentially have an impact on investment by improving the value proposition.

Web3 projects that successfully incorporate AI technology could benefit from increased efficiency, automation, and scalability, which could make them more attractive to investors.

We should strive to be trendsetters, not trend followers, and encourage the emergence of innovative AI+Web3 projects.

More WEB3+AI projects will be showcased sooner or later.

It seems that the web3 community and media are all trying their best to overstate the affect of Web3 on the development of the future Internet - every participant is determined to become a DAO builder. Yep! Whitepaper can bind the builders to the same vision. But you know, people can never get enough capital hype.

NFT builders are mainly divided into two groups: those who use NFT as profit machines or those who consider NFT as an art collection.

For investors, NFT marketing is just another game. The web3 casino is like a vanity fair for venture capitals where all of the players will eventually choose a bank to bet. What the banker will do is to create and maintain a profitable point of the project, convincing people to believe in the project, and attracting more players to bet. Which eventually, they will be bound together for good or ill, while the banker takes their money and runs. As NFTs are decentralized and non-regulated, the worst for players is to lose everything in their pocket with no where to litigate.

NFT investors are left to fend for themselves. The fall of the NFT hype has led to a series of domino effects. Let's take a look at ETH for example.

For collectors, NFT is undoubtedly the product of tomorrow. The Renaissance period is abounded with famous paintings we know, Sunflowers, Mona Lisa and the Last Supper are all reflections and the author's thoughts of that era. And today, every NFT artwork is a token. Collectors are not only concerned about the PFPs themselves, but also the artists' thoughts of the world, and a representation of the collector's identity.

For collectors, the moment they've selected an exclusive NFT, they do not care about the NFT value. NFT is unique and owned by that person, regardless of what the market suggests, NFT will show its value.

Many people are drawn to the potential profits that can be made by investing in non-fungible tokens (NFTs), with some even calling themselves "NFT degen" in pursuit of quick financial gains. However, it is worth considering whether these individuals are truly passionate about the art behind NFTs, or if they are simply looking to make a quick profit

As the NFT market continues to develop, it is uncertain whether investors will be able to make money in the long term. Some believe that the market will continue to grow and provide opportunities for profit, while others warn that the current hype around NFTs may not be sustainable in the long run.

Only time will tell whether investing in NFTs is a viable way to support the arts and potentially make a profit, or if it is simply a passing fad driven by the desire for quick financial gains.

According to VMR data, the global NFT market is expected to trade at around USD 11.32b in 2021 and is expected to reach around USD 231.98b in 2030, growing at a CAGR of 33.7% during this period.

In 2021, the bull market and a large number of web3 elites contributed to a steady trend in trading volume. However, the bear market that arrived in May 2022 has caused the whole industry to decline, and the future direction of NFT development is uncertain. Therefore, it is difficult to accurately predict whether the assertion that NFT will grow 33% in 8 years is too arbitrary or too conservative.

The data for Q1-Q3 of 2022 shows a clear downward trend for NFTs. In this period, the transaction volume for NFTs dropped by 84%, and FDM declined in general, with each quarter showing a decrease. However, the data from Q1-Q3 is not the full picture. According to this data, the total volume of NFT transactions is approximately 26M, but there is still a gap of 11.6M. It remains to be seen whether Q4 can fill this gap and potentially impact the direction of the NFT market in 2023.

Although the NFT market is currently experiencing deflation, there is still a growing trend of investment in this market. If the market rebounds and the overall size of the capital pie increases, this could provide the boost needed to drive the NFT market upwards. This is an important factor to consider when assessing the potential future growth of the NFT market.

Many people fail to invest in web3 because they lack confidence in their ability to select valuable NFTs and are afraid that the market value of these assets will not exceed their original price or their personal expectations. This lack of confidence can cause them to avoid investing in the market altogether, resulting in missed opportunities for potential profit.

Like any investment, the manipulation of capital is an important factor to consider when investing in NFTs. However, it is important to remember that the original purpose of NFTs was for collecting, and not just for the potential for profit. Therefore, those interested in investing in NFTs should consider their personal motivations and goals for doing so, and not just focus on potential returns.

Otherwise, who profited from NFT trading in 2022?

BAYC ignites the entire NFT market. The initial price of BAYC is around $190, but spikes to tens of thousands of dollars, which has been the vane in meterverse. Holders got a taste of NFT, and countless web3 projects flocked to get a piece of the pie.

In crypto worlds, you will earn more than in daily life. Where the bull market rises, where money exists no matter what kind of product it is. These kinds of e-collections can be popular and can be earned like something falls into one’s lap. People are crazy influx into the web3 meterverse.

But when the majority of people are aware of this industry, then the profitability will be greatly reduced. The reason is simple. Everyone wants to divide the pie, the per capita available benefits plummeted, except for the project earning, most players were played for suckers!

The underlying logic of major projects lies in maintaining communities and users. The first step is to create a near-perfect whitepaper where ecosystem and NFT utilities are extremely user-earnings oriented. And then they will regard influencers as a gimmick to hype NFT mint, earn NFT transaction fees or gas fees. As long as you can earn money, the project's purpose is achieved.

And then it's audience show time! Because of NFT position, holders are trying to promote and create a stable and positive trend for the project with autonomy, both in the community and on social media platforms which aim to inflate the market price and maximize the value of the position.

There are uneven web3 products on the market which are like shoals. Some people are deep in it and can not extricate themselves from being played. The result is nothing but the project running away and pin apologize tweets, from then on goodbye in all corners.

After all, liquidation only targets the project and the holders, not the leader.

Is this project a RUG? It seems that it is a must-ask loop. Is it useful? If there are 100 spectators and 99 actors, only you are left in the killing tray, and you are still smug. Y? Cuz 99 of them said the project is amazing, so you insist that it will definitely bullish and even pick up a great deal!

The Rug project relies on capital operations and pie filling. 100% of the cake is distributed and there are hundreds of millions left for the users with publicity. Users know that according to this method, the token price will rise completely according to the market direction.

Yep! As long as the token can not be released!

And the web3 believers still feel that web3 will be achieved finally, although where the web3 revolution will eventually happen is not yet known.

Because they advocate freedom and believe in the concept of web3 borderless, genderless and decentralization. Because they have seen the best world of web3, where there is passion, a cyberpunk utopia, a double pleasure of both art+ earning, the undifferentiated principle, the combination of IP and finance. Tens of thousands of people orgy metaverse, why not enjoy yourselves?

I always believe that the era of the universal meterverse will eventually come. Large kinds of offline entity brands are creating a combination of IP and commodities to empower. Nike's upcoming move2earn running shoes, other NFT co-branded commemorative cards, are NFT as the carrier, online and offline immersive experience.

Some people say the current bear market is too many rug projects leading to backlash, but I always believe in survival of the fittest. Rug projects are always just a momentary gain. No matter how many chips there are, the solid is always more powerful than the empty shell. People who laugh until the end will glory in the web3 revolution.