handmonster◱ ◱ (@handmonster) • Hey

Things are man-made, as long as the use of brains, there will always be a way.

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GM
Check out the latest release ‘Too Easy’ by @makintsmind.lens 🔎 Autumn X delivers a heartfelt rendition of her unreleased song 'Too Easy', all while effortlessly playing the piano 💫 Listen + Collect 💽 https://www.beatsapp.xyz/post/0x0170e2-0x65
Potential Altcoin Rally if ETH Continues Showing Strength🔥🚀🌙 [Potential Altcoin Rally if ETH Continues Showing Strength, Says Trader](https://cryptonews.net/news/ethereum/20829226/) An intra-day trader who goes by the name Skew Δ (@52kskew) tweeted yesterday that Ethereum (ETH) continues to lead the altcoin market in terms of performance, given its positive price
**Share YOUR favorite song with JessyFries** 💜 *Let's talk music!* I **LOVE** *commercial music*, autotune and music that has beautiful lyrics and nice melodies! I'm a Sad Girly Girl forever 💜 Here's one of the songs I love to listen on repeat these days! **Would love to know what's yours?** frens lemme know @0xtommythomas.lens @cybershakti.lens @marzipanphysics.lens @violetforest.lens @lufoart.lens @animators.lens @mazemari.lens @0xzelda.lens @chriscomrie.lens @whale_code.lens https://www.youtube.com/watch?v=7ALoFoQbVrU&themeRefresh=1
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こんにちは @ethglobal.lens Tokyo! 🇯🇵 @aavegrants.lens will have 3 main prizes for GHO and Aave with $10k up for grabs! 🥇 1st $5k 🥈 2nd $3k 🥉 3rd $2k For those taking part in the hackathon here are some ideas to get those creative chops going! 👻 @gho.lens is designed for internet people. With that in mind, we'd love to see you build utility around the future of payments on the web. - You could create an app or plugin to pay with GHO anywhere. - Imagine using GHO to buy your favorite beverage. - Create a convenient payment platform with GHO where you can enjoy fast and secure transfers with just a few clicks. Say goodbye to time-consuming payments! - Build a tool that uses Account Abstraction with GHO to allow users to pay gas fees with GHO, and has rebates. E.g., if the gas used is more than GHO paid, users can claim a rebate or pay it forward. - Construct new DeFi yield strategies and opportunities for GHO and the entire DeFi community. - Create a chargeback (direct debit) network for GHO where any user can charge an account with a set amount of GHO. GHO would then be transferred immediately but not unlocked until a set period of time passes. During this time, anyone can dispute the function if they have a balance This is our first hackathon for GHO and we can't wait to see what you build this week. Dive into the dev docs for GHO here: https://docs.gho.xyz/developer-docs/overview We also want to see what devs can do with the power of Aave V3, our most significant upgrade of the Aave Protocol. - You could build an Aave Forex tool where you can short assets. Enhance the ability of users to access forex liquidity by using one or all of eMode, flash loans, and other DeFi integrations such as @curvefinance.lens. - Create a ChatGPT-powered risk manager for Aave utilizing OpenAI plugins to create an innovative experience for DeFi users with this leading-edge technology. - Create a new debt swap feature. Right now you can swap your collateral from one asset to another but imagine if you built a feature for swapping debt from one asset to another. - Utilize ZK proofs for critical vulnerabilities while not disclosing the vulnerability, i.e. prove there’s a vulnerability to the DAO so they can vote on it informed but not actually say what the vulnerability is. - Imagine a Health Factor simulator UI component that displays a price slider per each collateral and borrowed asset, so you can simulate prices and see how your Health Factor changes under those conditions. Allowing you to take informed decisions to mitigate liquidation risks. Dive into Aave V3 Dev docs here: https://docs.aave.com/developers/getting-started/readme Make sure to catch @jessglover.lens and @miguelmtz.lens on April 14th at 7 PM JST in the Toranomon Hills Forum, 5th Floor | Workshop Room 1, for a GHO Hackathon Workshop. These are just a few ideas to get you started on your hackathon project. Reach out to @nader.lens and @jessglover.lens for any questions on the ground in Tokyo.
Big news: Sound will soon be open to all artists 🔊 We always promised to build an open platform. Now we’re getting close… A thread 👇 From day one we promised that Sound would eventually open to everyone. All artists should have access to the best Web3 tools. We’ll have more details soon, but today we wanted to give you some transparency on the thought process behind opening up… 🔶 The tl;dr Before Sound opens, we need to make sure everything is ready: 1. Smooth onboarding process 2. Building features for a mass audience. 3. Battle testing the platform. 4. Do things that don’t scale. 5. Verifying audio ownership 6. Thank you for being patient 🙏 Let’s go through them… 🔶 1. Smooth onboarding So far we have personally onboarded all 400 artists one-by-one on video calls. By doing this we learned all the pain points and deeply understood who we are building for. Now we can turn that process into seamless onboarding for all artists. 🔶 2. Building features for mass audience We are thinking big. Sound needs to be ready for millions of music fans and tens of thousands of artists. That means building features that work at scale, such as: 🔹Simplifying the user experience Email sign-ups Credit card payments Mobile app 🔹Building a discovery layer Better ways to discover music on Sound beyond the first 24-hours of a drop. And the ability to browse through thousands of artists. 🔹Sustainable drop methods Offer an alternative to the ‘sellout’ mentality. We wanted to give artists a sustainable, long-term way to sell their music, which is why we built Sound Swap. These features are rolling out to all artists over the coming weeks. 🔶 3. Battle testing the platform To get to the point where we’re ready for millions of music fans, we needed to stress test every part of the platform and iterate fast. Working closely with a curated group of artists allowed us to do that and get feedback in real time. Together we’ve experimented with hundreds of features and honed the product until it's ready. We figured out what works. What didn’t work. We refined it. Now we can roll it out to everyone. 🔶 4. Doing things that don’t scale A core principle of building a startup is doing things that don’t scale. We onboarded every artist with a white-glove service. We hosted daily Twitter Spaces to showcase artists. We tweeted about every drop. We spoke to artists and collectors every single day. All of these things were essential for kickstarting the flywheel. Now there’s enough momentum that Sound can accelerate on its own. 🔶 5. Verifying audio ownership Opening up Sound will bring new challenges for our team… For example, what happens if someone uploads music that doesn’t belong to them? We’ve been building tools to counter this problem (such as audio footprint technology). We also wanted to focus all our resources on the core product rather than fighting legal issues at such an early stage. 🔶 6. Thank you for being patient We know that hundreds of artists have applied to Sound and waited patiently. We hear your feedback about decentralization. Trust that we’ve been working towards this from day one and we’re nearly there. Within three months every artist will have access to Sound and all our artist tools. The next era of music NFTs is coming. Thanks for coming on this journey with us.
Exciting news, folks! We've teamed up with @kaira.lens to bring you an amazing opportunity! As a proud Holder of a @lensgardennft.lens, you now have a chance to grab one of 40 WL spots that were provided by @kaira.lens 🥳! Comment below and tell us why you need the WL! 👀 Have you heard of @kaira.lens? It's a game-changing decentralized social network designed specifically for creators like you! 🤫 With @kaira.lens, you can monetize your content, connect with others, and earn sweet token rewards! Don't miss out on this incredible opportunity to take your content creation to the next level! 🤑 To enter, make sure you hold a Lens Garden NFT, follow @lensgardennft.lens and @kaira.lens on @lenster.lens , Like/Mirror/Comment & Collect the post! 10 winners will be chosen everyday for the next 4 days with our innovative @lenspicker.lens tool! 🎁 Whitelist winners will get the ultimate power boost on @kaira.lens! You can vote like a pro, earn incredible rewards, and unlock access to a variety of exciting contests, questions, and discussion threads! 💪
Day 9 of Beat Snippets from Heno. as a FREE COLLECT for the month of April. Making songs from the ones that y'all like the most. Collect today! Much love to @beatsapp & @lensprotocol (The OG name for this was "redemption")
Let’s go Tokyo. Another movie soundtrack with 10/10 curation. Wonder if the vinyl exists somewhere. What’s the last TV or movie music that left its mark on you?
gm Lenster fam 🌸 We are excited to announce the launch of our new Snapshot voting feature. Now you can have your say on important community decisions by simply voting from Lenster. If you paste any Snapshot URL, it will turn into an interactive widget where you can vote for a proposal. You can also use it with your Lens follower NFTs by configuring Snapshot strategies 🚀 Vote us below if you like this feature 😉 https://snapshot.org/#/yoginth.eth/proposal/0x9287c40edcd68c362c7c4139fe3489bbaaa27cf4de68be5c218a82d0f252e718
🔔 Exciting news! We've just added a new toggle to switch between **Quality Filters** & Regular mode for your notifications! 📲 Gain control over the notifications you receive, and tailor your experience to your preferences 🎛️ Give it a try, and share your feedback with us!
🚨🧵Utility Thread🧵🚨 We're excited to unveil 10 exclusive utilities that come with owning a @Smurfssociety NFT. Today, we're starting with utilities 10 to 6. All utilities will be revealed before the end of the Bucket Auction (April 20th 🗓) 💎 Utility number one is our hottest 🔥 But keep in mind that each Smurfs character has their own unique utilities and experiences that can't be bought. Here are the first five exclusive utilities we're disclosing today 🧵👇 🔮 10 - Mystery Smurf Reward: Our collection features a rare Mystery Smurf. Collectors who own five Mystery Smurfs can burn them to collaborate with us on designing a custom Smurf 🎮 9 - Crafting Game: Our pioneering recipe-mixing game developed for our allow list system will be used in all our gamified experiences 🎨 8 - Creators' Club: Contests reward winning Smurf designs with recognition and inclusion in the official collection, giving artists exposure to a broader audience 🎉 7 - Unforgettable events: Exclusive community-only events featuring VIP parties, meet-and-greets with celebrities and artists, and unforgettable experiences are curated by our Artist Director in exceptional locations, fostering member connections and camaraderie 🤝 6 - Exciting brand partnerships: Smurf NFT owners enjoy exclusive rewards, early access, and collaborations from our partners like Zengo, Sandbox, P00ls, Lens, etc. providing unique perks and special event access Stay tuned for the next five utilities 🔥 We’ll be discussing all utilities (& giving alpha 👀) during Tropee’s Space - Monday 17/04👇 https://twitter.com/i/spaces/1YqJDodeOvkGV
If you are building something new in DeFi, feel free to DM me, happy to brainstorm how Aave Protocol could be useful to achieve capital efficiency or other valuable features
🏮 Tokyo Asakusa 🏮 Asakusa is a wonderful downtown area. I sometimes come here to visit the food stalls and pay a visit to the temple. I also recommend taking a rickshaw ride to see the sights👍️ #tokyo #asakusa #sightseeing #photo
#Weekly_updates Week 1 Will be dropping Weekly Updates every week on Monday..! Follow along on the Development of https://diversehq.xyz ! -- Added timeline feed -- Increased the loading speed of feeds by 2x. -- Implemented Verified Communities -- Increased speed of switching between pages (specifically post page) -- Mirror with sign in -- Gave access to two more profiles for Lens Community Here is the list of Lens Communities as of now, https://diversehq.xyz/l/diversehq by @diversehq.lens for posting anything related to diversehq. https://diversehq.xyz/l/youmemeworld by @youmemeworld.lens for memes. https://diversehq.xyz/l/letjoellive by @letjoellive.lens for gamers by a gamer. Posted on c/DiverseHQ
❇️ Snapshot feature in @lenster.lens has live polling when your proposal is active 😉
Habit makes our hands smart and our minds clumsy 😑
EVOLUTION album trailer from EVOLUTION TO 3VOLUTION The EVOLUTION Collection is the official digital discography, a greatest selects from the goddess emcee sent to inspire, ignite, and evolve the planet, one song at a time. A merging of timelines. Are you evolved? *Collect the album trailer on lens tube OR PURCHASE the album on Band camp to earn one allowlist spot for the official 3VOLUTION mnft hosted by Yung Thrift Gawd dropping April 2023 *** Digital Album Stream & Download on Band camp *Live-stream Access Key (Weekly Live-stream Community cosmic calls, special guests, Q&A, sacred togetherness) on Hype shot *Access to EVOLUTION INNER CIRCLE community chat on telegram credits *Band camp Live stream concert pass released March 30, 2023 All songs written, performed, and co-produced by Charm Taylor license all rights reserved
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So, fossil fuels will pretty much end in 50-80 years from now. How do we feel about it?
🎅 Help Santa remember what he needs to do on Christmas Eve! Santa knocked his head coming down the chimney and needs to remember a few things about Christmas. Help him solve three holiday challenges to unlock his memory and save Christmas! https://www.infinitykeys.io/packs 🥇The first to claim the Holiday Hunt 2022 Achievement will win a playable Character NFT treasure from an upcoming Infinity Keys hunt partner. 🎲 Players will have until New Year's Day to claim the achievement, and will be eligible for a drawing for more treasure from the Infinity Keys holiday toy box. 🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄 Happy Holidays from the Infinity Keys crew. Thank you dearly for being part of our growing community. Your gift to us is playing the games! So we decided to get together a few gifts for you as well. Happy hunting!
Gm #lens frens 👋 Does someone know how many MATIC tokens have been spent by the team to cover operational costs of Lens until now? 🤔 S/o @gotenks.lens @chriscomrie.lens @juancito.lens @jeanmi.lens If you have an idea 👇👇👇
Could be interesting to have @wav3s.lens and @madfinance.lens to promote follows, but would need to be in a tasteful way and curated
**Web3 Wednesdays: Music NFTs** 🎶 **— Open Edition** Ahead of NFT.NYC, we discussed Web3 music with @coopahtroopa.lens, @levychain.lens, @invinmusic.lens, @spinamp.lens, and @evgeth.lens — hosted by @abishek.lens Collect the full episode over the next 24 hours and play it in your Zerion Wallet whenever you want.
Everyone go and update your dispatcher on lenster. We are load balancing the dispatcher out (10x increase in dispatchers), and if you upgrade to one of the new dispatcher, you most likely will see a considerable improvement in the speed of it being sent on-chain, on top of having less fight for queue space. It requires a signature but it’s worth it! 🚀🙌🏼
Hot take: Ads are not a bad business model, its the current ads model on internet that is broken. Well designed amplification network serves and helps the users to learn and discover new ideas and rewards those who have the art of amplification. Your are in control of your audience relationship and its up to you what you serve and share to your audience, no innovation that builds better amplification networks on Lens can be stopped because Lens is an open protocol. Its up to the users and integrators to choose what to serve 🌿
Giveaway 🎁 🎉 Once I reach 1k Followers on #Lens I will be giving away 10 R3VENGE #NFT Loot Boxes including some Rares! R3V3NGE is a Zombie Smash 🔨 Game similar to Call of Duty Zombies and will also be on the Ultra Platform. Each loot box includes awesome in game content! Be sure to follow to be entered into the upcoming #Giveaway and for future giveaways! 🎉
Just minted my silver Shield for Braavos wallet. Also i noticed the dogecoin logo top right on mintsquare.io https://app.starknet.id/braavos
It is seldom wrong for people to attribute extreme behavior to vanity, moderate behavior to habit, and triviality to fear.
Emrah Is - Andromeda (Official Music Video) Stream : https://emrahis.fanlink.to/Andromeda
Per fare grandi cose,hai bisogno di te,della tua felicità,della tua luce ..Buongiorno tesoro @beuatysky fantastica giornata 😃☕🌺🌾🦋🌼🍃bacioabbraccio del mattino 😘🙆‍♀️😘🙆‍♀️😘tvb sempre amica mia 💞💞💞💞💞💞💞💞💞💞💞💞💞
Hey frens 💚 Which month were you born in? Ours is @yup_io.lens 🌿 Let's tag the Lens project that corresponds to your birthday in the comments 🤩 👇🏻 📍 @lensgardennft.lens @phaver.lens @lenster.lens @fanstastic.lens @buttrfly.lens @oohlala.lens @theshr.lens @orbapp.lens @lenstaxyz.lens @pinsta.lens @socllyofficial.lens
Dear Lens fam, what is the Future of Social for you? At t2, we believe the future social networks should revolve around our values, not just what grabs our attention. We want to foster meaningful connections with others, share what helps us achieve our goals, and enjoy articles that empower us. We have witnessed how the Lens community celebrates genuine creativity and friendship. We believe our values and mission align closely with those of the Lens community. So, we are excited to bring a new type of writing and reading platform to @lensprotocol, starting with our manifesto. manifesto.t2.world ⏳ If you are on board with this vision, **sign the Manifesto** with your value propositions and complete all steps. You will receive a personalised card to showcase your values and **early access to the t2 alpha product**. **If you are a writer, follow us and comment below with your favourite piece of writing by you. We will follow back!**
Real OGs get inspired anywhere, anytime 💫 Touching grass, sharing with friends, enjoying and event, even when scrolling in the throne 🤣 Now you can build wav3s from your mobile phone with WalletConnect! 🌿 With WalletConnect you can choose any wallet, Zerion, Rainbow, Metamask and many many more!!! 🤩 Which wallet is your favorite? Now go and share your wav3s from anywhere in the world ❤️ @gotenks.lens @marcus.lens @gutybv.lens @cristianvaldivia.lens @bvdaniel.lens @nicocapital.lens @lensprotocol_cn.lens @zerion.lens @theweb3designer.lens @jessyjeanne.lens @lensgardennft.lens @stani.lens @orbapp.lens @buttrfly.lens @pinsta.lens @rickydata
Why no one is talking about the improvements OpenSea is doing? The app and UX is becoming so good and lot of improvements over the past year, example the cart checkout feature, slide to confirm a transaction, live transaction data and updates and much more
`getting started` with #lens in 5 steps 🪴 [April 2023 update] (0 a) maybe consider adding some information about yourself and a pfp to your profile before you start. (0 b) "hello world" posts get quite some attention ... 😉 . (if you can post something related to what you are interested in ... 🎇 -> People you start following might take a look at your profile and follow if they are interested in the content you share.) Find one great example at the end of the post. (1) https://lists.inlens.xyz/lists/818891525288558593 *updated* - list of great profiles to start your lens journey ... you will discover a ton, worth following profiles in the communities of people in this list. lists.inlens.xyz/ in general is a great starting point. (2) find your twitter contacts on lens: inlens.xyz/ (not everyone with a lens profile, active on twitter, is very active on lens (yet ;-)). Maybe consider connecting with new people, sharing interesting content on lens.) (3) probably you read this post on @lenster.lens . If you are interested in lens mobile apps, @orbapp.lens and @buttrfly.lens (iOS) are at the moment - imo - the most advanced general purpose lens mobile apps. One of the beautiful things regarding lens is that it doesn't matter which lens app you use, every lens app has access to the same content and social graph. (4) what you share on lens is stored and publicly available for a very long time. Probably *forever*. You can hide posts, comments and mirrors. But that's a front-end feature, the data is still available and publicly accessible. (5) "collects" are a very powerful concept, adding a NFT version of the post to your address (4th symbol below a post on @lenster.lens ). Collects can be monetised -> creators can use collect fees to earn money on lens. one more thing :-) being active, commenting on posts and topics you are interested in goes a long way. Of course there is a chance that your posts will be discovered, commented and mirrored, but you increase the probability of being discovered dramatically with valuable comments. @jeanmi.lens increased his followers +5k within 39 days. How he did it? "**be yourself, try to engage with people**, sharing images seems to accelerate engagement/growth, people love to 'GM'" `advanced topics` **other mobile apps**: @lentilapp.lens (iOS native general purpose app), @converseapp.lens (iOS @xmtplabs.lens mobile messaging app pls contact @polmaire.lens if you are interested), @lenstaxyz.lens image focused lens mobile app. **other browser apps**: @pinsta.lens pin lens content, create and publish pinsta boards. @beatsapp.lens music focused lens app . @focalize.lens browser extension for posting on lens. @youfolio.lens trading lens creator tokens. @dumpling.lens video platform on lens. @diversehq.lens Reddit inspired lens app. **market place**: @lensport . Buy and sell collects, create token gated posts, ... . **fun**: @thesmurfssociety.lens auctions started … . @memester-xyz.lens create memes easily and publish directly on lens. lenstube.xyz/ videos on lens. www.lyrical.world (#LensAI) create ai generated images and publish on lens. @amnisiac.lens listen to music in your feed or other profile's feed (e.g. @mixtape.lens ). @truthordare.lens ;-). @lensgardennft.lens dynamic activity based NFTs. word cloud generator by @rickydata.lens https://lens-wordcloud.streamlit.app . **tools**: @chainjet.lens automate processes, like notifications ( @remindmebot.lens 👀). lens.sepana.io very powerful lens search. @lensdropxyz raffle tokens based on constraints (e.g. 1 of the profiles who collected post xyz will get a NFT). @wav3s.lens incentivise people to mirror or comment content. @madfinance.lens Lens Bounties, allowing creators to earn "by creating a Lens post using the creative direction of a brand". @theshr.lens decentralised publishing platform. @letsrally.lens lens spaces. @wagmifund.lens decentralised crowd funding platform. @ethpass.lens add your lens profile to Apple or google wallet. postter.xyz schedule posts. soclly.com “creator-centric” toolkit. **data**: profile.lenskit.xyz profile overview with a github like activity board. https://dune.com/xmc2/lens-profiler get an overview of your lens statistics. **ready to test**: @lensplayxyz.lens video browsing (android), @buttrfly.lens general purpose lens mobile apps (android), #lensshare video platform (browser lensshareapp.xyz ) **coming soon:** @onboardapp general purpose app. @ensocollective digital closet. #theDial by @emmajane1313.lens . @lenstags.lens content discovery and organisation. @glassxyz.lens protocol for decentralised video ( https://glass.xyz/manifesto ), @lenspostxyz.lens canva for web3 socials. **lens protocol stats** - provided by @buttrfly.lens (weekly posts + comments): @lenster.lens 63.0% @phaver.lens 20.5% @orbapp.lens 8.4% #lenstube 3.0% @lensport.lens 1.0% @memester-xyz.lens 0.8% @chainjet.lens 0.7% **@t2world.lens x** @lensprotocol**** : “manifesto for building a social network around what we value, not what grabs our attention.“ ( https://manifesto.t2.world ) If you are interested in content distribution and increasing your reach on lens, maybe the following post is a good starting point: https://lenster.xyz/posts/0x017566-0xdf (e.g. @bvdaniel.lens combined his introduction post with an eye catching visual (only follower can collect) and an incentivised mirror (+100 followers ). 120+ collects, 80+ mirrors, 40+ comments ...) `list of all lens apps` www.lens.xyz/apps #gettingstarted #5steps #newonlens #howto #onboarding
Lens Analytics gives some interesting alpha on collect details and other stats 🔍
Built on @memester-xyz.lens
**Forest Genesis** Breaking new ground… First multi-recipient collect on a collaboration between @jamieforsyth.lens and @jamesfinnerty.lens This piece was conceived in a solar-powered shipping container studio in the forests of Northern California. (*in fact, at the moment this was recorded the sun was powering the whole studio directly through the solar panels; no battery bank needed!) We started with a mono, overhead drum recording using a single mic, and some bass accompaniment done together in a single live improvised take. It was then passed back and forth remotely to add acoustic and electric guitars and then the final touches. Drums, electric guitars & mixing: Jamie Forsyth Bass, acoustic guitars, mixing & mastering: James Finnerty This is also the first time using the @buttrfly.lens audio upload. We are fans of the amazing work that @moe.lens is doing. 🔥 2 WMATIC 20% Referral @oohlala.lens @mixtape.lens @creators.lens @beats.lens #LMCC #MusicNFTs #MusicCollab #Lens #StableDiffusion #studiobox 🌲🔳🌲#auralphotosynthesis 🌿💚✨
Lens, the future of decentralized social networking! Lens empowers users by putting control, privacy, and ownership back into their hands. Say goodbye to data exploitation and centralized control, and embrace a social experience built on values, meaningful connections, and genuine self-expression. Join the growing movement of decentralization and help shape the future of online interaction, where users and communities thrive together. Are you ready to be part of the revolution in social networking? Share your thoughts and experiences with Lens and decentralized social platforms below! 🌐🔗 #LensProtocol #DataPrivacy
gm to everyone on Lens 🌿
Sunk Cost Fallacy & NFTs In recent years, Non-Fungible Tokens (NFTs) have taken the art world by storm, with some digital artworks selling for millions of dollars. While NFTs have brought unprecedented attention to the digital art space, they have also raised concerns about the sunk cost fallacy. In this article, we will explore the concept of the sunk cost fallacy, how it applies to NFTs, and why it is important to let go of past investments to avoid making poor financial decisions. What is the Sunk Cost Fallacy? The sunk cost fallacy is a cognitive bias that refers to the tendency of individuals to continue investing in a project or asset, even if it is no longer profitable or has become a liability. This is because people tend to focus on the amount of time, money, or effort they have already invested, rather than on the potential future benefits or losses. This fallacy is prevalent in all areas of life, from personal relationships to business ventures. How Does the Sunk Cost Fallacy Apply to NFTs? NFTs are unique digital assets that are sold on a blockchain. They have gained immense popularity in recent years, with some pieces selling for millions of dollars. However, the sunk cost fallacy can come into play when people invest in NFTs. For example, if someone purchases an NFT for a high price and its value decreases over time, they may still hold onto it because they have already invested a significant amount of money in it. This decision can lead to further losses, as they may be unwilling to let go of the asset, even though it is no longer profitable. The Risks of Investing in NFTs While NFTs have the potential to be lucrative investments, they also come with significant risks. One of the main risks is the volatility of the market. The value of NFTs can fluctuate wildly, and there is no guarantee that an NFT will increase in value over time. Additionally, NFTs can be difficult to sell, which can make it challenging to exit an investment if necessary. How to Avoid the Sunk Cost Fallacy in NFT Investments To avoid falling prey to the sunk cost fallacy when investing in NFTs, it is important to approach investments with a clear mind and a long-term strategy. This involves setting clear investment goals and determining when to cut losses and move on. Additionally, it is important to do thorough research before investing and to be aware of the risks involved. One way to avoid the sunk cost fallacy is to establish a predetermined exit strategy. This means setting a specific target for when to sell an NFT, regardless of its current value. For example, an investor might decide to sell an NFT if its value drops below a certain threshold or if they have held onto it for a set period of time. It is also important to consider diversifying investments. Investing in a variety of NFTs can help to spread out risk and minimize losses in the event that one investment does not perform as expected. The Importance of Letting Go of Past Investments Letting go of past investments can be challenging, but it is often necessary to avoid making poor financial decisions. By holding onto an asset that is no longer profitable, individuals may continue to incur losses and miss out on more lucrative investment opportunities. Therefore, it is important to make rational decisions based on current market trends and future potential, rather than past investments. Conclusion NFTs have brought unprecedented attention to the digital art space, but they also come with significant risks. The sunk cost fallacy can make it difficult for investors to make rational decisions about when to sell an NFT
I want to share my dapp built on lens called LensShare Is a decentralized video sharing platform with xmtp and huddle iframe integrated . https://lenshareapp.xyz
LensGarden NFT is the first dynamic NFT collection on Lens Protocol, it is a unique blockchain-based platform that is part of the LensProtocol ecosystem. It rewards users for creating and curating high-quality content, providing incentives to engage with the LensProtocol community and build their profiles. Users can earn XP by completing activities such as joining liking, commenting, following Lens users, and completing challenges. As they progress through the levels, they have the opportunity to mint exclusive NFTs that cannot be traded on marketplaces, adding further value to the platform. Here are some tips on how to increase your XP: Gain followers: For each new follower, you'll earn 50 XP points. Create new posts: Every post you create on the Lens Protocol ecosystem will get you 30 XP points. Leave comments: For every comment you leave, you'll earn 20 XP points. Collect : Each post of yours that is collected on the Lens Protocol ecosystem will get you 20 XP points. Mirror other users: Each time you mirror another user's post, you'll earn 30 XP points. Lens Garden NFT presents an exciting opportunity to invest in a growing blockchain ecosystem that rewards engagement and incentivizes high-quality content creation. The potential for growth and innovation is significant. Additionally, in Q2, you can look forward to the launch of Lens Tunes and an exciting new game. Join us today and become a part of this innovative and exciting ecosystem.
Hurry up and gas up the truck! My new song "music city." is hitting Sound this Friday and we're the first-ever Pop Country artist to drop utilizing the new Sound Drops feature. Let's make Music NFT history! Set your text reminder - https://laylo.com/sammyarriaga/456lI Listen to full song before the mint - https://www.sound.xyz/sammyarriaga/music-city
🎧 Listen complete/Mint: https://alexpaul.xyz All the collectors will into a raffle to win an edition of "Entre Nosotros" on Sound at the end of the mint. Subscribe to my site to have a double chance to win.
My first 800 followers on Lens will be Allowlisted for the "In Between" Presale, dropping this Sunday, March 26th!! This one is very special to me 🌻 I hope you love it as much as I do! PreSave it here if you wanna show extra support!: https://hypeddit.com/sozimusic/inbetween
GM ~