The ‘WAGMI’ mentality is undermining crypto
1 min read
In 2021, it seemed as if 10 new Disneys — and the next 20 Picassos — were emerging from blockchain and various
On the bright side, the ecosystem has evolved a lot since 2021. The good projects that managed to adapt to market changes and the market context are becoming more evident, and there has also been significant human maturation.
Many founders became “CEOs” overnight, which is analogous to changing a car’s tires while it’s moving at 100 miles per hour — 24 hours per day, seven days per week. After almost three years and some pivots, many of these CEOs and teams are much more mature, prepared, and focused on delivering something of value.
And while success depends largely on them, it also depends on the maturity of the Web3 community. Good leaders will not be enough to fix the game if it’s broken by excessive greed, anxiety and irrationality. Investors should consider this — and try to improve, financially and personally — as we enter the next bull run.
Lugui Tillier is the chief commercial officer of Lumx Studios, a Web3 studio in Rio de Janeiro that counts BTG Pactual Bank, the largest investment bank in Latin America, among its investors.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
