The Daily Loop #120
3 quotes, 2 short form tweets, 1 long form read and 1 piece of advice from me. Consume 2 minutes of information to help you advance your knowledge in different fields.
The Daily Loop newsletter focuses on information that can be consumed in 2 minutes every day by linking to posts across the internet, formatted in a way that is easy for anyone to navigate. In a 3-2-1-1 design (quotes, short-form content, long-form content and advice).
The goal is for as many people to read this daily and inspire them to think differently about certain things. It will primarily be around topics and industries I am interested in such as: startups, ai, success, innovation, change, crypto, nfts, etc.
3 quotes
"Empathy is not just a nice-to-have, it's a must-have in a world where rapid change is the only constant."—Satya Nadella
"We do not need magic to transform our world. We carry all of the power we need inside ourselves already."—J.K. Rowling
“In my experience as CEO, I found that the most important decisions tested my courage far more than my intelligence.”—Ben Horowitz
2 short tweets
1/
An extremely useful tool that you can use today. I think I shared this a while ago but it was brought up on my timeline again so here you go!
2/
This is a chart of bank failures (inflation adjusted). No comment.
1 long read
Watch this video. It’s amazing. I got an ElevenLabs subscription a while ago that I haven’t used and they are getting better and better.
1 piece of advice from me
Someone asked me today: What's your read on the situation? What are the NFT space's biggest problems right now? Do you think things will get worse before they get better (if you think they will)? Is everything in NFTs down or are there pockets that are doing well?
Just like all markets with hype and speculation, they will eventually come down (even if they have real substance). This is especially true for NFTs that benefitted because of the Covid situation. No one knows where the bottom will be. Because when we are in a decline, people run as fast as they can and lose conviction faster.
They start to rethink all of their decisions, and rightfully so as the euphoria in a bull got to them. But the thing is a small percentage of people will stay, those with actual conviction in parts of the industry they believe in, whether it's about digital ownership to gamers, ease of trading nft collectibles and more.
If as an outsider you believe in some of this tech and A) think real tech is being built. B) are building those projects for the bull... you shouldn't be too worried and should view this as an opportunity.
Now, this doesn't mean go buy a Bored Ape for $50K, but rather that the potential for the NFT market as a whole to come back is more likely than not. I believe it will be bigger and better.
Sn: People like to gamble and make money so in this space you will always have projects that go up while everything slowly trends downwards. Those are outliers but if you pay attention you can get them and your portfolio won't look so bad.
Thank you fren. Nice daily content