028: Understanding NFT terms - WAGMI, FUD, Wen, gm | Affordable Project: PixelBeasts (Beastopia)

All About AFFORDABLE NFTs, hosts Andrew aka Rantum and George from Mostly Stable on ZED Run, help navigate new projects, interview expert guests and explore NFT trends. Whether you’re on your first or fiftieth NFT, we’re going to have something for you. Keep track of all recommended affordable projects with our ‘keep us honest’ spreadsheet. 

And a quick note that we are not financial advisors and nothing in this podcast should be taken as investment advice.

 

News:

Axie: https://www.cryptoslam.io/axie-infinity/sales 

 

Affordable Project: PixelBeasts (Beastopia) -
https://www.pixelbeasts.xyz/ - by VC & artists Yohei

https://creatify.art/

1. What is WAGMI, FUD, gm, wen wen?
2. Comparison to ‘someone must lose’ mentality
   1. Old markets (traditional finance - stock managers, hedge funds, etc) focus/reward beating others, even if it means a negative outcome for all parties. Being first is more important than the market winning. 
   2. WAGMI mentality is widespread in crypto because it’s seen as those in crypto are winning vs trad-fi. Entire market has suffered bear losses where gloating of winning still is pointless
3. Risks of ‘someone must lose’ mentality
   1. Crypto and NFTs are risky and volatile, losing is inevitable given the right timeframe and holdings
   2. Bigger risk of losing out on next moonshot by not getting word of new projects/news/etc
   3. End outcome will always result in losing