On June 23rd, NFT.NYC
concluded its 4th leading annual industry event for NFTs. You can tune in to all the chatter on Twitter here
Based on conversations observed online, there seemed to be a lot of in-person optimism (despite the crypto downtrend), exciting new project launches, and an unsurprising ratio of men to women (9:1 reportedly).
What this all presents, however, is an opportunity to objectively look at the differences between what is shared online vs the realities offline.
Despite the inability of many of the most popular blockchains to scale with their layer-2 applications, and declining token prices, it has not deterred enthusiasts from continuing to build.
And this is a good thing.
What will be important, however, is that the builders take on the responsibility (and accountability) of choosing more solid blockchains.
So all these communities that are being built for “Web 3” don’t collapse in on themselves due to poor choices by the builders. People don’t often find out about their house’s plumbing issues until after a house is built. Blockchain is plumbing.
In the rest of this issue, my team will take you through a recap of all our newsletters from the past month, and share a bit about a new area of focus.
George Siosi Samuels
Managing Director, Faiā