Is web3 still alive?

It’s pretty fascinating to watch just how many people have flocked out of web3 camp in less than a year since the bear market began. This was all expected as the “get rich quick” folk would be the first ones to flock once things started going south. Nonetheless, I still find the data absolutely mind boggling.

A lot of the NFT marketplaces are seeing less than 5% of daily volume compared to last year. The crypto brokerages are seeing large declines as well. Surprisingly, Bitcoin and Ethereum have held up comparatively well.

As for myself, I trimmed my overconcentrated crypto positions significantly about a year ago and only stayed in NFT / DAO projects that I was genuinely interested in participating in. I luckily was never in a position to buy really expensive NFTs nor would I likely have even if I had the money. But I did buy into a few projects that piqued my interest and I’m still involved with most of those projects today.

Notably, I’m really enjoyed my LinksDAO membership where I will hopefully be part of a DAO that buys a golf course. More than the potential for returns, I’ve joined a really fun community where we all share a love for golf. It’s a fantastic community and I’ve gotten a lot out of joining the project.

I am meeting up with a group of 20 that live in the Bay Area for a round of golf this Friday. Surprisingly this will be my first web3 community meetup although I was close to joining a few other local meetups over the last year. I’m excited and glad that I stuck around.