at night.Īt this point, I don't trade every day. White-list projects expect people to spend dozens of hours hyping projects in chats or volunteering labor for the right to buy into the community. I also don't tend to seek out "white lists," or priority access to certain NFT collections that help people avoid the high "gas" fees of transacting on the ethereum network. Since having my success with NFTs, I don't participate as regularly on the Discord channels. I sold it a month later for $165,000 - shattering the previous Bored Ape Yacht Club sale record and sparking a bull run on the collection. I moved on one of rarest apes for $3,000, which was about 12 times the original mint price. I could tell there was a special energy around them. I was also one of the earliest collectors of the iconic Bored Ape Yacht Club NFTs. After failing badly at retail trading on Robinhood during the GameStop-AMC craze, I finally found NFTs with Top Shots.Įver the sports fan, I immediately invested my Top Shots windfall into a Zed Run NFT virtual racehorse, which ended up winning some races. As an immunocompromised person, when COVID-19 started making headlines, I took the opportunity to quit my sales job and try to find my purpose.
I was a decently successful used-car salesperson, but the soulless work was burning me out.
I became a true believer and spent most of my time scouring Discord servers for promising new projects and meeting other NFT traders and Web3 mentors who would change my life.īefore NFTs I had lost almost all direction in my career. My friends and family begged me to take profits. I got hooked on nonfungible tokens in January 2021 after my NBA Top Shots NFTs, the league's official digital trading cards, went from $3,000 to $30,000 almost overnight. These transactions have been verified by Insider. It has been edited and condensed for clarity.
This as-told-to essay is based on a conversation with Tyler Stockfield (he/him), 28, an NFT trader and influencer best known by his Twitter handle Stockfield explains his NFT hustle, and breaks down his meteoric rise, his investing philosophies, and the dangers of the largely unregulated $40 billion space.
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