We posit that the most prominent NFT projects, things like Bored Ape Yacht Club and Pudgy Penguins, hold such a remarkably similar structure to Multi-Level-Marketing companies (MLMs) that they will also suffer from the same failures. Investors should exercise extreme caution as they evaluate this emerging asset class.
If you want to make people like things, work in advertising. If you want to make things people like, work in design. Both are valid ways to build a brand, but the second way pays off better in the long run.
Unbundling the university:
- liberal arts
- technical education
- summer camp
- dating market
- sports
- co-living
- salons
- hedge fund
- 4 year vacation
- flirting w/ marxism
-... See more