Modern Finance podcast on Cyberpunk

Over breakfast, I listened to the last MoFi podcast which interviews the creators of Cyberpunk. Very interesting to learn that when Matt Hall and John Watkinson first launched the project, it hardly had any traction. It was first announced to the public via a blog and reddit post to /r/ethereum. At the time, the only way to claim the free Cyberpunk NFT was to own a really complex Ethereum piece of software and use a janky online wallet (MetaMask didn't exist at the time); not surprisingly, there weren't many takers. However, over time as  software became more accessible and people started buying the Cyberpunks (first for $1 each, then $10, then $100, etc.) the value of the collectibles started becoming apparent. To date, some Cyberpunks have sold for over a million dollars each!

My takeaway from all this, is that sometimes there is very little downside risk in adopting new things but very high outcomes. It's fun to learn new things but genuine interest should lead first, not lust for money.

To learn more about Cyberpunk: