While others rush to lock in their profits once the price starts to rise, some are willing to hold on to their digital assets until they can pursue bigger goals, like a “mega yacht.”
In a Twitter thread, the founder of Mintable, Zack Burks, shared how he found Web 3.0 and went from broke and out of work to founding a market for non-fungible tokens (NFTs). According to Burks, he was introduced to Bitcoin (BTC) when it was trading at just $5.50 on the defunct cryptocurrency exchange Mt. Gox in 2012.
Since then, Burks has continued to buy and trade cryptocurrencies. At some point, the Mintable founder shared that he went from trading BTC to accumulating Ether (ETH). “My goal was just to accumulate ETH and never sell until I can buy a mega yacht. I haven’t made a profit yet,” he wrote.
Over time, Burks said he realized he wanted to become a Solidity developer. He began to learn, to participate in hackathons, to test contracts and to work in the sector. By then, he noted that he became financially independent three years after starting.
The NFT expert then moved to Thailand to build Mintable, and in 2017, he missed out on claiming a CryptoPunk. After that, he invested in Cryptokitties and fell in love with NFTs.
And that’s when it happened, somehow, not purposefully, I feel in love with NFTs. I’ve only worked with NFTs since 2017 and continue to do so.
I love them with a passion. And passion drives what I do, and when you combine these attributes…
— Zach Burks (@ZachSpaded) August 22, 2022
Moving forward to the present, the executive highlighted that the NFT market, Mintable, is now valued in the hundreds of millions with a continuously growing team. Finally, Burks gave some advice to the others. “Take a risk. Never sell your crypto. Learn to use your head,” he tweeted.
Meanwhile, while the prices of Featured Collection NFTs are going down, investors who are holders of NFTs they keep growing. According to an NFT statistics website, nearly 500,000 users became NFT holders in June and July.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.