Insights With Trent Munday

NFT Projects Can Be An Incredible Fundraising Vehicle #1479

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As I continue my journey down the NFT rabbit hole, I'm getting an appreciation for what an incredible fundraising vehicle these project can be. I'm regularly seeing projects offer up 10,000 unique pieces in their collection, selling them for $150 up, and selling out. That's $1.5 million. Then, they're using that money to go and build something special. And of course all people who bought those NFTs are effectively a ready-made market for the thing they're building. It's like Kickstarter...on steroids. As always, there are bad actors in the space who promise a lot, then take their money and disappear. But if you are genuine and have the ability to build a team to deliver on your roadmap for your community, launching an NFT project could be a very powerful thing for you. Good luck. DYOR! #NFTs #fundraisingcampaign #businessidea