Log #34–30/10/2021

Hey, everyone.

The moment now is really bad for NFTs. It’s the perfect storm: Ethereum hit a new ATH, so people drain liquidity from NFTs to chase gains on ETH; shib token is pumping and gas is crazy high; there are too many low effort projects and clearly a saturation is happening; and a lot of relevant buyers/influencers are travelling to @NFT_NYC.

Not gonna lie, I am scared. A bit down today, trying not to show it to my team.

I am feeling sad to see a project like SkullX suffering to mint (only half at the moment and no buyers showing up). And they were so so hyped.

I hope this sounds like a joke in the coming months, when people read this.

🖤