In a recent Twitter post, influential figure ‘NFT GOD’ has expressed critical views on the current state of the cryptocurrency and NFT (Non-Fungible Token) space, shedding light on the prevalence of scams and corrupt practices. While acknowledging the potential of blockchain technology, the post urges individuals to focus on building products that bring real value and positively impact people’s lives.
The tweet begins by asserting that engaging in NFT and crypto trading at present is akin to playing a losing game. According to ‘NFT GOD,’ the absence of new participants entering the space turns it into a mere game of passing on risks to others, akin to playing hot potato. However, it is the alleged corruption among those in power that further exacerbates the concerns.
If you’re trading NFTs and crypto right now, you’re playing a losing game
There’s no new people entering the space
It’s simply a game of hot potato
On top of that, the people with the power are totally corrupt
If you saw how many DMs I get on a daily basis asking me to do… pic.twitter.com/pDo6bJiPAC
— NFT God (@NFT_GOD) June 25, 2023
The influencer claims to receive numerous direct messages on a daily basis, soliciting undisclosed advertising for meme coins. This revelation seeks to highlight the compromised nature of influencer culture within the crypto and NFT realm. ‘NFT GOD’ describes the emergence of accounts seemingly out of thin air, rapidly acquiring followers through botting techniques and subsequently demanding exorbitant sums for minting NFTs. Additionally, there are allegations of alpha groups receiving payment to promote tokens without disclosing their financial arrangements, further obscuring transparency and fostering an unlevel playing field.
The overarching sentiment expressed in the tweet is that the entire game is a setup, designed to extract money from unsuspecting participants without providing equitable returns. Despite these concerns, ‘NFT GOD’ maintains a belief in the potential of blockchain technology. However, it acknowledges that, at present, the space is overrun by scammers and exploitative practices that hinder its progress.
To ensure the long-term success of the industry, ‘NFT GOD’ implores individuals to adopt a builder’s mindset. The focus should be on creating products and services that genuinely deliver value and improve people’s lives. The tweet advises against investing in the latest Ponzi schemes and warns that by the time a coin’s chart gains widespread attention, it is likely too late to enter the market profitably.
The post concludes by envisioning a future where Web 3, the decentralised internet built on blockchain technology, becomes predominant. ‘NFT GOD’ suggests that those who will thrive in this future will not be gamblers but rather builders—individuals who contribute to the development of innovative solutions and lasting value within the space. The tweet urges readers to align their actions accordingly, promoting a shift away from the current questionable practices towards a more constructive and sustainable ecosystem.
While the concerns raised by ‘NFT GOD’ reflect the experiences and perspectives of a particular influencer, they shed light on the need for increased transparency, ethical behaviour, and responsible practices within the crypto and NFT industry. As the sector continues to evolve, it is crucial for participants, influencers, and regulators to address these concerns and work collectively to foster an environment that fosters trust, innovation, and value creation for all stakeholders involved.
Disclaimer: The views and opinions expressed in this article solely belong to the influential figure ‘NFT GOD’ and do not represent the views of the publication or its affiliates. The article is for informational purposes only and should not be considered as financial or investment advice. Readers should conduct their own research and exercise caution before making any decisions related to cryptocurrencies, NFTs, or investments. The publication does not endorse or guarantee the accuracy or reliability of the information provided in this article.
