NFT PFP have gotten a bad rap of late. I have been one of their harshest critics on this page. Though much of my criticism has been nuanced, I have maintained a pretty strident tone. I am happy however to see a dramatic reduction in project launches. Perhaps just because the allure of easy fast money has left the space. I think this is now a fantastic opportunity for NFTs to grow up a little and launch the next phase in development.

When Jerome Powell stepped up the the podium in Jackson Hole two weeks ago, markets tanked. The Dow Jones alone lost $1.2T in market cap. That money didn’t vanish however, it simply converted into to USD (aka dry powder).

So what will attract new users, investors and ultimately liquidity to NFTs?

In this guy’s humble opinion, PASSION.

… Continue readingNFTs- A New Hope