The Daily Loop #16
Sixteenth edition of The Daily Loop. 3 long-form reads, 3 short-term tweets, 1 quote and some daily advice! Have a read.
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 3-3-1-1 design.
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 long-form reads
1/
How to prompt ChatGPT to get the most out of it!
2/
Have a clear singular final goal and build in stages, manage expectations and don't incentivise speculation through price talk, keep going even if the project feels dead, know when to pivot and create a community with loyal members.
3/
Create communities from NFTs, post from 2021 and we have already seen many people successfully do this.
3 short-form tweets
1/
The number may be a bit of an exaggeration but it doesn’t sound so wrong. Video games teach kids important things through simple game loops. A lot of Crypto/NFT friends I know loved Runescape and learnt more about money/trading for the first time as a kid from playing it.
2/
A business does not need to be the next unicorn! It can be something that makes you the money you desire annually. It doesn’t need to scale from that point on.
3/
“Like all analogies, it’s imperfect.”
1 good quote
"NFT projects are publicly traded startups. All the cons of a publicly traded company with all of the cons of a startup. Not easy."— Luca Netz
A great quote from my friend Luca. If you want to build an NFT project in the space, make sure you are ready for how hard it is compared to normal businesses.
1 piece of advice from me
The idea of instant communication at all times is unhealthy. Don’t feel pressured to respond to all your messages and carry on dozens of conversations that you don’t really care about.