The cold getting to you this crypto winter? Here's my advice
A note on NFT markets from the CEO of SegMint.io
Fellow Degens!
Our cherished NFT space is facing a difficult time at present. With sentiment low, even some of your favorite Substack newsletters are questioning whether NFTs are dead.
As the CEO of SegMint, I’d like to offer some words of encouragement based on my experience with NFTs.
I’ll start with congratulations to all of you for having the passion and courage to stand strong against the FUD with your fellow JPEG collectors. We have been here before, and we will make it through.
The first crypto-winter I experienced began in 2017 and was the backdrop to my participation in Decentraland’s land sale. I was eager to build something special in this new world and was met head-on with a freezing winter, which partially convinced me and many others that the space was dead. The impact it had on me was so harsh that I couldn't even look at asset prices anymore.
Fast forward to today, and I can't help myself not to reconstruct the same scenarios in my head. As I reflect on the perseverance that got me here, I share some key tips for you to consider:
1. Take a break if you need one. Just promise me that you won’t give up.
2. Maintain your conviction in the space. Don’t forget about the technology that supports our beloved NFT projects and its potential. It may not be where we want it yet, but it will get there with the right teams, funding and community support. For example, many of us have been waiting for the web3 games and utility that was promised, and the better teams have not given up on that mission. Although they may delay, they are not deterred.
3. Keep improving. This is a crucial time to work on your strategies, build connections, and develop skills for future upside. Losses may be painful, but they’re only mistakes if you don’t learn something from them.
4. Focus on the positive. At SegMint.io, we are building a new platform that addresses shared access, ownership, and even comes with some very innovative security features that we hope you’ll appreciate. We are not giving up, which is why we invite you to follow us. If you’d like to gain access to our test environment to get a glimpse of what we’re building (and take a break from floor prices and memecoins), then I invite you to follow us on Twitter and send us a DM or tweet.
I will still be here when the dust settles, and I hope you will join our SegMint community to continue our progress as a collective power in the space.
Check out my blubber notes (NFT Alpha newsletter) to learn more about what we're building and why my conviction in this space has only increased in this tough bear market.
Matt Bartlett
CEO, SegMint.io
Disclosures:
NOT INVESTMENT ADVICE
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