Research Summary
The Evolution of Web3 Communities by Ally Zach discusses the shift in focus of profile picture (PFP) NFT projects from community values to financialization. The author notes that NFT holders are now prioritizing monetary returns over community benefits. This shift is likely due to the influx of financially-motivated users.
Actionable Insights
- Observe Shifts in NFT Projects: Profile picture (PFP) NFT projects are shifting their focus from community values to financialization. Observing these shifts can provide insights into the changing dynamics of the NFT market.
- Monitor NFT Holder Priorities: NFT holders are now prioritizing monetary returns over community benefits. Monitoring these priorities can provide insights into the motivations of NFT holders.
- Consider the Impact of Financially-Motivated Users: The influx of financially-motivated users is likely driving the shift in focus of NFT projects. Considering this impact can help in understanding the evolving landscape of the NFT market.
