My most important tip for NFT investors



Today I want to talk about maybe the most important factor that will separate good NFT projects from bad ones, and that’s: quality founders and creators.

Many new investors need to understand that when it comes to the vast majority of current NFT projects there is an expectation that value will increase based on the efforts of others. In other words, people are at the center of these NFTs.

In the case of games like Axie Infinity or Illuvium, you’re assuming that the game will continue to be maintained, and that someone will run marketing campaigns, manage the discord, and the servers, and that if a bad actor figures out how to manipulate the economy there will be some patches that bring things back to balance.

In the case of NFT avatar collections like Bored Ape Yacht Club or Cool Cats, the creators are supposed to be the overseers of the roadmap, and they should also help bring in collabs with other brands.

And while NFTs are great in that they allow anyone to create digital assets, in no other situation would you invest in just about anyone – yet that’s exactly what I’m seeing people do right now, mostly because we’ve been in an NFT mini bull market where almost everything has gone up.

In this video I show why it’s incredibly risky to invest in projects with anonymous founders. My personal rule is that I won’t buy into these NFTs unless the founder has taken steps to validate their track record/reputation (there are ways to do this without sacrificing anonymity as I show in the video). It doesn’t mean that all of these anonymous founder projects will fail, but we’re dealing with so much other risk in this space as it is that I don’t want to add potential rug pulls to my list of worries (it can happen with public founders too, but when someone stakes their reputation on a project it makes it far less likely).

Follow me on twitter: https://twitter.com/GiancarloChaux

Be my friend on BitClout: https://bitclout.com/u/giancarlo_

0:00 Intro
1:24 the two types of NFTs
2:56 people are getting away with this mistake for now…
3:53 how NFT projects are like angel investing
4:57 Lonely Aliens Space Club…
5:49 Slacker Duck Pond…
6:27 one solution for anon founders
7:43 the risk scorecard
8:39 which top NFT avatars have good founders?
9:56 what if the project is decentralized?

source

22 thoughts on “My most important tip for NFT investors

  • July 29, 2021 at 2:20 pm
    Permalink

    Great info. You made this video, before stoner cats. Nice to know how you feel about that. I minted some cats. 🐱

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    Nice video. That's why I don't really want to ride on a nft game just for the hype. Btw, do you have ways on how to check the reputation of nft game developers? Are there good sites for this? Thank you!

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    can't talk, getting "risk mitigation" tattooed on my leg

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    Thank you for introducing us to this NFT World! I find it really interesting and I love to learn about it. I recently bought a couple of SolPunks, their price is rising every day.

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    You literally popped out of nowhere providing us with high quality, relatable videos. Looking forward to all the content you have in you pipeline. Really cool stuff you are presenting / talking about!

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    Black Eye Galaxy is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking. After a new planet is discovered it will be sold on the marketplace. The person that originally found it earns 40% of the revenue while another 10% goes to his civilization. If you discover planets with inhabitants, you can use them to create civilizations and launch your own currency. Land on inhabited planets will be sold in the form of NFTs which can be used to build cities, buildings and evolving the planets population and technology.

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    When I notice typos in an nft is shows the creators can’t even double check things properly.

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    ITAM and TRYON- (this one is bottoming) are the next 100x potential, but sure do your own research to known that NFT and blockchain games just starting their journey, sure not financial advise… but definatelly take a look if you really want to succeeded.. faith, like HEX

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    I love your videos bro. Hey Giancarlo, what do you think of this Wall Street Games (WSG)? Do you think it is legit and worth it to buy?

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    I'm super excited for ApeGang NFT and the game they have coming out. The pixel art itself and the style is really good.

    Reply
  • July 29, 2021 at 2:20 pm
    Permalink

    the lonely aliens are about to invade the comments bro

    Reply

Leave a Reply

Your email address will not be published.