Nace Panic

The NFT space has become short-sighted and uninspired. • We have a massive problem — everyone is vying for control of a shrinking pie. • We peaked nearly 2 years ago, and have been trending downwards ever since. While we desperately try to "onboard people", we barely retain those already here. • The locust swarm chases liquidity to new chains that pop up, trying to re-live the magic & excitement of an era long gone. • If all we do is continue to reshuffle the deck, we will ride this downtrend even lower. Those of us left will polarize into a handful of kings and kingdoms — who will rule over a pile of nothing. • Although Ordinals has the legitimacy and provenance of BTC behind it — all it will do is buy people another few spins of the slot machine. • With each chain that pops up, the cycle repeats again: Potential, Excitement, Staking, Whitelist mechanisms — everything becomes formalized, and those who are early are able to reap the rewards as they sell pickaxes to prospectors. • But all too soon, those seeking more will find themselves back where they started. Nothing has changed but the chain. • Why? — because we are still in a state of becoming, masked by a fog of war. It isn't clear the shape or form that these projects will take in even a year from now. • And it is our craving for success that causes us to become timid. We mimic what has worked in the past, playing follow-the-leader with successful founders like Frank. Frank does an art upgrade ==> Everyone else does 3 months later Frank launches on Ordinals ==> Everyone else does 3 months later. • This 'emulation' allows projects to play it safe. Holders will be happy, because you can sell them the narrative of its effectiveness. But in the long term, it rarely matters. • The problem is that people still think there is a "safe way" out of this. Few are willing to experiment and challenge our internalized assumptions like @drip_haus. More than anything else, What we really need right now Is people willing to take a dive into the unknown.