NFTs are hot right now, and it’s easy to get caught up in the hype. With more and more players getting into the industry, it’s important to know what you’re doing when looking for success. JetsetfIy, aka Josh King Madrid, CEO and Founder of NFTMagazine.com, has been in this industry for a while and witnessed a fair share of projects go up in flames because of a lack of knowledge. That’s one reason he created NFTMagazine.com and the Paper Boyz Collection. From his personal experiences, JetsetfIy has three tips that will hopefully help new investors avoid the various pitfalls in the NFT space.
JetsetfIy’s first lesson is that people cannot become successful until they develop into the person they need to be. While it may appear like people are going to sleep poor and waking up rich, JetsetfIy says nothing could be further from the truth, and he’s proof of that. A fan of everything tech and internet-related, JetsetfIy became a digital entrepreneur at an early age. By the time he got to college, he knew that was not the path he needed to take and was bold enough to drop out and pursue his passion.
Even then, however, JetsetfIy didn’t make a fortune overnight. After a lot of hard work and perseverance, the budding entrepreneur finally made his first $1 million at 19 from e-commerce and internet marketing and never looked back. In the next few years, JetsetfIy diversified his skills and ventured into Instagram DM automation. Long before anyone else accessed the technology, JetsetfIy made a fortune from the space and garnered a loyal client base. He leveraged that audience to grow his internet marketing business, then branched out again and went into podcasting and public speaking.
When the NFT industry exploded, JetsetfIy leveraged his social following and helped launch and market successful NFT projects that brought in millions of dollars. That following also gave him great insights into how people view the industry and the bottlenecks that project developers experience. With that data, he was able to successfully create NFTMagazine.com, a platform that ensures people are informed about the hottest and latest developments in the industry. The platform has grown rapidly and has now given birth to the Paper Boyz project, a collection of 3,565 NFTs delivering the NFT Magazine scoop of the day. All Paper Boyz members get access to NFT education, the latest news, a bad-ass alpha community, and much more.
The second tip JetsetfIy shares is that people don’t buy into jpegs; they buy into people. JetsetfIy says that while it may seem easy enough to thrive in the NFT space at first glance, there’s a lot more you need to do before your project takes off. Don’t just desire to be rich and famous, offering no value to your project holders. Instead, have a long-term vision that people can buy into, and they’ll automatically help you achieve your goals. Be mindful of the project you are designing beyond the aesthetics and who it will appeal to. Also, keep your channels of communication open to allow your community to tell you what they think and how you can serve them better.
Lastly, you must be flexible. The NFT space is still very new, so you must be ready to pivot when new tech developments come into the market, or you won’t make it. “Everyone thrives in bull markets, but only the most adaptable survive in bear markets,” says JetsetfIy.
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