If you're sucked into the NFT world you grossly overestimate how many people are active participants in the market - not just the crowd on the sidelines.
Stories get covered in a way that spins up hysteria but the underlying truth is often mundane. Only c.2.5k people are invested in Loot.
Only a few thousand more are invested in larger NFT projects. The number of followers and tweets are misleading.
Many are kids with little capital to deploy, and the capital they put to work is quickly swept away by the tide of market manipulation.
Everyone wants to get rich.
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