Man named Keith Martin shared his story about his purchase of NFTs and his long term plan to be in the industry.
On Monday, at the NFT.NYC Conference, Insider had a conversation with Keith Martin. He started with his first buying of digital assets by buying a Bored Ape Yacht Club NFT in May 2021. At the time, Martin bought the non fungible token in less than $500 and thought to earn profit from it after selling it during a market boom. But it did not go as he thought it would and ended up making a loss on his BAYC NFT.
However taking notes from his last purchase, he bought another digital asset and this time for around $1,700. Martin decided to stick with this considering his firm belief in the potential of the digital assets market. Martin said that after selling his NFT, he immediately bought yet another BAYC NFT for more money. He did so because he did not want to miss out any opportunity that he believed could take place in upcoming times.
During the time of Martin’s BAYC purchase, Etheruerm (ETH) was trading at around $2,700, where currently it is trading at around $1,1443, after experiencing a massive drop. However during the same time period, price of Martin’s BAYC NFT has risen upto hundred times as it’s currently priced at $111,000.
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Martin said that during that time there were not a lot of things going on in the market but now the time has changed where you could see like ten new projects everyday. He said that about a year ago, there were a handful of new projects in a while. Martin said that a lot of people during the time were actively saying on Telegram and Twitter like social media platforms to buy BAYC, boasting it to be the next CryptoPunks and hence he bought one.
Martin had co-founded a marketing firm in 2017 but after he got into NFTs last year, his interest shifted towards digital assets. It was in June last year when he left his job and quit the company that he himself helped to launch and later joined a Web 3 company named Tribe. Martin did this following his enthusiasm and optimism for the NFT sector and made it his prime focus.
Source: https://www.thecoinrepublic.com/2022/06/21/heres-an-example-of-those-who-firmly-believe-in-digital-assets-and-want-to-stay-for-long/