For some personal reasons, I somehow lost faith in the nft space. I used to be a big enthusiast and massive promoter, but a lot happened that have left a soured taste in my mouth. I still believe there is something about it though.
Seeing notification for this space kind of piqued my interest. I had set a reminder, not just because of the zealy quest but also because I would love to get answers to why some of these nfts loose momentum days or months after mint. For me there is so much to learn and to understand.
Though I somehow missed the space, I was glad I could replay it, just as if I was present live.
Nfts are a big part of web3. Though interest in them has cooled down a bit, it still has some significant interest from various communities members. One major challenge is how to continue keeping the community engaged after these nfts are minted. Which is critical to the sustenance of the project. Breads in this space tried to get answers from different speakers on the space. Different speakers, including a founder that just launched his project, gave their take and as well tried to proffer solutions.
One speaker, Joey Vowels, believes what you do with your community, as a founder, matters a lot. According to him, in other to keep your community constantly engaged, you have to set very clear expectations of what your plans are after the mint. This to him is where the actual business starts. He said, the reason why we see a lot of falls in engagement is because there is a low effort from the founder. You have to set expectations, like time line with the community.
One of his take made me think, I got to understand that a lot of founders over sell and over hype their projects. This makes it difficult for them to keep up to expectations especially when the initial pumps are over and the floor prices has dropped.
So in essence,
You need to keep expectations clear.
Don't over promise.
As a founder you need to Be present more in the community as this gives assurance and retains expectations of the project.
Another speaker, Garry, felt this was absolutely unnecessary. He felt it was not a proper thing to put in effort in keeping the community engaged. He believed people buy stuffs for different purposes. According to him, people that buy expensive nfts don't have the time to engage on the time line. As much as I don't fully agree, I find his take somewhat interesting.
My major take from the space comes from Jordan Freda, a founder. He practically echoed the position of one of the earlier speakers, Joey Vowels. He believes it's always good for the founders to always connect with the people. For him it is an opportunity to speak to everyone and to also hear them and show exactly what they are doing.
In all, I thoroughly enjoyed the space. I got insight into why some nf projects I got involved with failed. Perhaps if this space had come earlier, I would have looked out for certain criteria discussed here.
