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🎁 Wrapped: The Weekly Web3 Newsletter 2.22.22

🎁 Wrapped: The Weekly Web3 Newsletter 2.22.22
By Futureproof • Issue #15 • View online
By @DepecheNode_

Signal vs Noise
One of my biggest challenges has been identifying valuable information in a sea of overhyped nonsense. The bad news is it’s getting harder as the industry continues to exponentially grow. The good news is that we can evolve and update the lens through which we view information in order to succeed. Here are three principles that have helped me sift through the madness.  
  1. Be Deliberate
  2. Be Patient 
  3. Be Judgemental
Be Deliberate 
Filtering out the noise is much easier when you decide what you want to focus on and dive deep. Interested in L2 scaling solutions? DeFi? P2E games on Solana? PFPs? Art? Photography? Picking a specialty and sticking with it will allow you to develop an eye for quality projects before the masses…we call this alpha. You only have so much time, so pick a specific community/category and forget about the rest.
Be Deliberate 
Filtering out the noise is much easier when you decide what you want to focus on and dive deep. Interested in L2 scaling solutions? DeFi? P2E games on Solana? PFPs? Art? Photography? Picking a specialty and sticking with it will allow you to develop an eye for quality projects before the masses…we call this alpha. You only have so much time, so pick a specific community/category and forget about the rest.
Be Patient
I’d have a lot more eth if I had paused and asked myself one question prior to aping into a project: Does this project exhibit short term or long term behavior ? Recognizing FOMO & overhype (looking at you, 90% of YouTubers) is a valuable skill. Tuning out the hype can help to objectively analyze a project. 
Be Judgemental 
This may not seem very nice, but it’s probably the #1 reason why I’ve ever made any money in this space. Although we love the ‘trustless’ nature of many blockchains, the information we receive is always based on trust. So, who do you trust? It’s worth taking the time to understand the character behind all of the people you follow on Twitter. Trust is one thing, but it also helps to think about the following:
  • Do they have a track record of pumping their own bags? 
  • Why are they tweeting this now? 
  • Do they need followers to make money? 
  • Do they care about the tech or the art? 
  • How do they make money? Do they need to make money? 
  • What did they do before web3? 
My favorite people on twitter think long term, don’t need followers to make money, and have a track record of success and trust. 
Weekly Highlights 
  • Opensea’s phishing trip 
  • $LOOKS down bad, $MAGIC holding strong
  • New NFT platform X2Y2 launches w/ rocky airdrop 
  • ETHDenver attracts over 12,000 people from 100 countries 
  • Reese Witherspoon partners with World of Women to bring NFTs to movies, tv shows
  • Weekly Winners:  NFT Worlds 17, Dino Pals 26, Fidenza 69, Tom Sachs 2.3, Onchain Monkey 2.8, Ringers 41.5
  • Weekly Losers: Adam Bomb Squad .61, Hape 2.8, Neo Tokyo Identities 11, Subscapes 5.45, 0N1 Force .51
DISCLOSURE: I own NFTs. Specifically, punk #2971 if you’d like to dig around.
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Futureproof

Explorative, web3-centric market analysis and digests. Advisory and Angel updates.

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