NFTs

This article is about GritCult's view of NFTs. For a general overview, see NFTs on Wikipedia.

NFTs
“WHAT ARE NFTs? WHY ARE ALL THE BILLIONAIRES SO BULLISH ON NFTs? WHY ARE MOST PEOPLE WRONG ABOUT NFTs? WHAT…” (1 June 2021)
In the archive
Portal	The Frontier
Posts	559
Retweets	1,078
Likes	8,289
First post	6 February 2018
Latest post	24 May 2026
Posts by year
20181
2021288
2022148
202382
202424
202514
20262
Related
Crypto Donald Trump GritCult in 2021 GritCult in 2022 Kali Yuga

NFTs occupy a short, intense stretch of the archive: 288 posts in 2021 and 148 in 2022, then a steep fall. GritCult was a participant, not a spectator. He ran giveaways, launched a collection and advised would-be marketplaces, and the record runs from evangelism through irony to a blunt verdict on the business model.

Views

The high point is a June 2021 thread asking why billionaires were so bullish on NFTs. He walked through fungibility, public ledgers and trustless verification, then went big: NFTs are here to stay, and anything that can be a digital asset will be one ^[1]. The philosophical claim was larger still. The meta-modern age of post-irony, where everything was a copy of a copy, would end, and the world would bring back artisanship and close knit communities ^[2]. Advising marketplaces that summer, he boiled his view down to one line: don't be a platform, be a community ^[3].

He built as well as theorised. Under the METACULT DAO banner he launched Heavenly Words, a collection that turned words into images, and ran weekly giveaways asking followers for the seven words they wanted made into a picture ^[4]. The feed from late 2021 into early 2022 is full of mints, reveals and calls to retweet and tag friends, the ordinary machinery of a project hunting for holders. He also liked the grander idea that NFTs finished what capitalism had started, commodifying art until art itself was obsolete.

By 2022 the tone had turned. Jpeg monkeys, he decided, were like paying 99p for a Crazy Frog ringtone on a Nokia in 2004 ^[5], and he called NFTs the most corporate corner of crypto. He kept minting and trading, but the jokes start to outnumber the theses. In 2023 the verdict became structural: 95% of NFTs will die because they lack a viable revenue model, and a single mint is unsustainable ^[6]. He made the same case about marketplace royalties, predicting they would fall to zero, and turned his attention to infrastructure and recurring revenue.

The later posts read as an epilogue. NFT NYC in 2024 was one of the worst conferences he had ever attended, in stark contrast to the 2021 edition ^[7], and memecoins, he said, had become this cycle's NFTs. His 2025 summary is a lesson in supply and demand: if everything is an NFT, nothing is ^[8]. One idea survives the whole arc. What lasts is culture and community rather than the token, which is why Milady is the collection he kept praising long after the market moved on.

Recurring themes

• anything digital becomes an asset
• the end of the copy of a copy
• community over platform
• building and minting his own collection
• no revenue model, no future
• culture outlasts the token

Notable post

The most retweeted GritCult post on the subject, with 343 retweets:

Selected posts

The 120 most retweeted of 559 posts in the archive about NFTs. Select a column heading to sort.

Date	Retweets	Likes	Post	Media	Source
18 January 2022	343	135	REVEALS SO FAR... ✨TO WIN OUR WEEKLY GIVEAWAY✨ ✨RT AND TAG 2 FRIENDS ✨ ✨WITH 7 WORDS YOU WANT TO BE TURNED INTO AN IMAGE... ✨ THREAD OF NFTS REVEALED SO FAR WITH THEIR HEAVENLY WORDS BELOW! 🧵		View
1 June 2021	85	292	WHAT ARE NFTs? WHY ARE ALL THE BILLIONAIRES SO BULLISH ON NFTs? WHY ARE MOST PEOPLE WRONG ABOUT NFTs? WHAT IS THE TRUE POTENTIAL OF NFTs? FIND OUT MORE IN THIS THREAD BELOW : 0/THREAD		View
29 January 2022	39	35	RT this to win a NFT		View
10 September 2021	31	35	GRITCULT PLANET X METACULT.DAO HYUGE Launch Giveaway 🤹‍♂️ Prizes: -Winners will receive a free PLANET and a secret gift from a yet to be announced NFT project. To Enter: 🎁 Retweet this tweet 🎁 Tag 3 Friends #NFTGiveaways		View
16 December 2022	29	459	trump really released this as an nft at peak bear market		View
8 March 2024	25	38	just minted this: $BART omnipass nft - rev gonna go back into the ecosystem its a revshare casino with sports betting coming soon RT and Follow @bartcoin_erc for a chance to win an NFT! Use the link below to get a 20% discount		View
9 January 2022	21	22	RT & FOLLOW FOR A CHANCE TO WIN THIS NFT "Where do the apes seek holy redemption" MINTED ON		View
24 October 2021	17	245	They look like nft projects		View
11 August 2023	17	17	ill send a random person an NFT or $100 if they RT and follow @sukuriprotocol		View
9 December 2024	16	223	i think $cult can easily go to 3b from here. pepe is at 11b mog at 1.5b milady - most culturally impactful nft of this cycle. instantly recognisable.		View
24 December 2021	16	56	HEAVENLY WORDS NFT is live to mint :		View
21 October 2022	12	109	hal finney on NFTS in 1993		View
28 May 2023	11	82	Need a Muslim bro to invent an ai internet social media hijab to cover up women (and men). I actually think no one should post their face onto the internet. It should all be nft pfps		View
17 August 2021	9	56	reply under this tweet with ur address, and ill send someone an NFT from		View
21 August 2021	9	24	🚨🚨🚨 NFT GIVEAWAY IN PARTNERSHIP WITH @agora_ltd REPLY WITH YOUR WAX ADDRESS 5 TRADING CARDS NFTs BY "MR. CLEVER" RT TO SPREAD TO UR FOLLOWS (WILL COUNT AS A DOUBLE ENTRY)		View
27 November 2021	9	14	The @jmrphy. Pod was great. Justin carried that and did a lot of research and great questions. The podcast series will be on the technical aspects of NFTs. Will release a guest list. But it has some huge and innovative people. Really excited for it		View
1 April 2023	8	138	Hiring milady nft holders Solves three problems when it comes to recruiting -culture fit - you have to be pretty tapped in to have a milady (doesn’t really apply as much to newer miladys if I’m honest) - high iq (self explanatory) - vetted references - everyone knows everyone		View
9 February 2022	7	33	Remember when I said NFTs are on-ramps to being a furry.		View
21 September 2021	7	24	TRAILER FOR @HeavenlyCult NFT COLLECTION USING NEW TECHNOLOGY TO REACH TO THE HEAVENS, IN A NEVER DONE BEFORE WAY... THE FIRST @METACULTDAO PROJECT RETWEET, FOLLOW @HeavenlyCult AND TAG TWO FRIENDS AT A CHANCE TO BE ONE OF THE FIRST TO BE WITNESS A MIRACLE....		View
24 August 2021	6	50	I’ve consulted with like 5 NFT potential marketplaces/platforms. The biggest piece of advice i would advise is don’t be a platform. Be a community.		View
4 September 2025	6	46	People keep asking me what does "Gamified Capital Markets" mean? Take a look. Gamba -> Long Tail Assets (memecoins/prediction markets/NFTS/ even pokemon cards) -> consistent buy pressure to push prices up. The hypergamblification layer.		View
2 November 2021	6	45	Met a guy from twitch at nft nyc He asked me about DAOs. I told him it’s early for DAOs. Play to earn is going to be big. E sports is going to be big.		View
25 August 2021	6	17	Why some NFTs do better than others. Culture		View
25 May 2022	6	11	how can i find out what happens to the intellectual property of a company that has been bankrupt? i want to buy some IP of a company from 20 years ago any pointers appreciated best answer gets an nft		View
4 June 2023	5	35	Communities should be able to veto who buys their NFTs. With my upcoming nft collection this will be a feature. Onchain gatekeeping.		View
20 February 2022	5	33	0x3e0defb880cd8e163bad68abe66437f99a7a8a74 - Profile | OpenSea This guy found a crazy exploit and is stealing hella Nft’s as we speak. Hat tip to ⁦@seriousgoofy⁩		View
19 June 2021	5	29	Digital real estate via NFTs is already going for the Millions. Few understand.		View
3 September 2021	5	29	Crypto or rather capitalism is a machine. Crypto is capitalism 4.0 Capitalism is a commodification machine. Anything that turns into a commodity. Increases. Capitalism commodified art. Thus NFTs make art obsolete.		View
23 November 2023	5	12	Most gaming tokens like nfts like ICOs. Will go to 0		View
27 September 2021	5	10	Follow. Retweet. Tag. And join the discord. Then get initiated into the cult. Follow @METACULTDAO for updates on nft projects.		View
19 April 2023	4	62	Eth and btc reversing. There is an eclipse happening. Mev bots absolutely killing gas. Fatigue from nft ppl making a meme shitcoin every 2 hours. Random normies historical laggards tryna get in now lol. It’s been a fun ride. But now back to building.		View
8 March 2023	4	34	Bruh normies are cancelling an nft collection called schizo posters for containing schizo posts		View
10 August 2023	4	31	The problem with social media is that people don’t exist on it. Everyone is wearing a mask and a pfp and they inhabit that avatar that they put out there. This is why generalities are so often used. Very rarely does anyone talk about anyone else they talk about amalgamations		View
13 February 2022	4	29	You could make NFTs that can only be seen at a certain time or location. This significantly opens up the potential for real life treasure hunts		View
17 March 2023	4	25	Bad incentive design and no sustainable revenue model. This will happen to most nft projects. People get tired		View
23 January 2022	4	24	@SamAllenX NFTS ARE HERE TO STAY. EVERY BIT OF INFORMATION IN THE WORLD WILL BE ON THE BLOCKCHAIN. YOU ARE POWERLESS TO STOP CRYPTO BECAUSE CRYPTO HELPS MORE PEOPLE IN THE WORLD THAN YOUR STUPID DEAD IDEAOLOGY. THOSE THAT HATE IT ARE CHAMPAGNE SOCIALISTS. CAPITALISM WON LOL. COPE AND SEETHE		View
23 August 2023	4	23	People shit on gaming but this skin is worth more than most NFTs currently at 90k		View
30 May 2022	4	22	This was the first nft		View
14 December 2021	4	19	All the big faceless corporations are getting into NFTs. Is this what decentralisation looks like?		View
22 May 2021	4	14	Which is the best game for someone to play and earn in crypto. Either currency or NFT?		View
5 September 2021	4	12	defi has blown up, nfts have blown up DAOs are next, and they will literally change how countries are operated		View
27 March 2024	4	10	hosting an event for nft nyc sign up now details come later...		View
27 April 2023	3	84	this csgo gun skin is worth half a mill not even an nft when games are fun, there will always be a market.		View
11 August 2021	3	83	just quit my job to become a full time NFT artist.		View
6 May 2023	3	65	One thing that crypto does really well. Is it captures moments in time. Shitcoin n DeFi summer Nft season Reminds me of those moments where you just had to be there. First few were RuneScape. Halo. Cod mw2 Can’t describe it to normies. Won’t make sense. U gotta be there		View
1 May 2021	3	53	Business idea. Death certificate nft		View
23 August 2021	3	47	Going to literally mint this as an nft.		View
1 June 2021	3	40	19/ THE PHILOSOPHICAL IMPLICATIONS OF NFTS ARE ESSENTIALLY THAT THE META MODERN AGE OF POST IRONY WHERE EVERYTHING WAS A COPY OF A COPY, WILL EVENTUALLY END THE WORLD WILL BRING BACK ARTISANSHIP, AND CLOSE KNIT COMMUNITIES WILL RISE.		View
22 September 2021	3	32	Content-based NFTs are going to change the world in a crazy way. Directly supporting And buying content will come common place.		View
30 August 2021	3	28	nft deez nuts		View
12 June 2021	3	24	watching this crypto interview with @BanklessHQ and @markcuban on why NFTs are the future im blown away Mark Cuban said #defi is america 2.0... ill reply in this thread my notes from the podcast		View
5 April 2024	3	24	Nft nyc this year has got to be one of the worst conferences I have ever attended in my life. Which is stark because the last one I went to in 2021 was so good. And even eth denver. Bearish sentiment for “NFTs” lmfao		View
22 June 2023	3	22	Modern art is more wasteful and masturbatory than NFTs.		View
11 June 2021	3	18	People don’t seem to understand. NFTs They were invented in 2015		View
5 February 2022	3	16	Original metaverse NFTs.		View
26 July 2023	3	16	𝗡𝗘𝗪: In the past seven days, only 190 unique ETH wallets traded an NFT, according to data from Dune. Is the era of speculative NFT trading over?		View
23 January 2022	3	11	@gimme_ur_d0llar @SamAllenX STOP LYING LOL NFTS ARE NOT TAKING UP ANY RESOURCES. THE BLOCKCHAIN CONSUMPTION OF ENERGY MAKES ENERGY ALLOCATION MORE EFFICIENT. YOU DONT HATE NFTS WHAT YOU HATE IS PEOPLE DOING BETTER THAN YOU. IF YOU CARED ABOUT THE ENVIRONMENT YOU WOULD BOYCOTT VEGAN FOOD & SOY		View
6 June 2022	3	7	I’ve become so much more beautiful ever since I got into NFTs.		View
3 July 2021	3	6	"jobs of the future are going to be NFT consultant, metaverse architect" = @Kenshiro_NFT		View
3 August 2023	2	237	@phylisajoy Do they accept NFTs? Have some I need to get rid of		View
8 February 2023	2	126	Thinking of doing a free and open nft mint. reply with your address or like this tweet if interested. Thanks - gritcult		View
3 April 2023	2	58	When I put on the milady pfp		View
5 May 2025	2	53	If everything is a nft. Nothing is. If everything is a coin. Nothing is. Study demand and supply.		View
22 November 2021	2	43	Looking for a digital artist that wants to do an NFT project with me, send me portfolios :)		View
2 November 2021	2	40	I think art industry has been replaced by crypto via NFTs. Next is the law industry. More and more laws will be turned into smart contracts		View
8 April 2021	2	36	NFTs Agree, disagree?		View
5 August 2022	2	34	Nft’s jpeg monkeys are like paying 99p for a crazy frog ringtone on ur nokia 95 in 2004 or something.		View
5 April 2023	2	33	Business idea. Death certificate nft		View
12 August 2021	2	31	RuneScape but it’s NFTs		View
19 August 2021	2	30	Business idea. Death certificate nft		View
1 June 2021	2	29	20/ IT IS IMPORTANT TO HIGHLIGHT THE PHILOSOPHICAL AND ECONOMIC RAMIFICATIONS OF NFTS BECAUSE THEY WILL CHANGE THE WORLD IN UNPRECEDENTED WAYS THE WORLD WILL FRACTURE AND DECENTRALISE CRYPTO ORIGINATED AS PHILOSOPHY, SO ARE ITS IMPLICATIONS.		View
10 August 2021	2	27	Working with a potentially HUGE NFT collection project. Details coming soon.		View
11 February 2022	2	26	I know a funded nft project looking for 3d artist. Holla if u r one or kno one		View
30 March 2022	2	26	Looking for 2d artists for an nft project. Won’t look at things from people who don’t follow.		View
21 January 2022	2	25	Twitter authenticating NFTs was the top lol. Gg.		View
21 June 2022	2	24	Lmaoo and people think the worst is over lol. Bro. They’re still inviting ja tule to nft nyc parties. This shit can go wayyyy lower		View
29 August 2021	2	23	Visa buying NFTs but not bitcoin…. 🤨🤔		View
1 July 2023	2	21	Lmfao. Imagine going nft Paris with riots going on 🤣🚨🤣		View
24 August 2021	2	19	I think NFTs are going to stabilise the crypto market. As it decreases liquidity.		View
4 August 2021	2	18	Mass tokenisation means mass fractalising ownership. Owning part of a nft collection. Is like owning part of Versace or Louis Vuitton with built in Hollywood distribution.		View
1 September 2021	2	18	Nft idea : kony2012		View
12 October 2021	2	18	Oh shit Coinbase doing NFTs		View
27 July 2021	2	17	NFTs have evolved from jpgs to intellectual property in larger franchises. There are movies being made from NFTs. Each nft is a slice of this. This is the future. This concept will further expand.		View
3 September 2021	2	17	NFTs make art obsolete Capitalism makes luxury common.		View
1 September 2021	2	16	People who don’t know anything about crypto are trying to get into NFTs. Not sure if that is a good thing or a bad thing		View
8 November 2021	2	15	Everyone at nft nyc getting covid?		View
9 February 2022	2	15	When people buy NFTs at launch and hold them until the Metaverse goes mainstream, they'll be set for life.		View
1 October 2023	2	14	Another remilia ecosystem nft pfp project is having infighting between their founders?		View
20 August 2021	2	13	augmented reality + NFTs are going to be huge, already know of some exciting projects working on this.		View
27 September 2021	2	13	These were borne through heavenly words. Nft collection. Coming soon.		View
6 March 2023	2	11	I AM CURRENTLY LOOKING FOR DEVS TO WORK WITH ME ON MY NFT INFRA START UP. IF YOU ARE A DEV DM @maxbridgland any other inquiries DM me... lets hop on a call. tap in📲		View
28 April 2023	2	11	If you ask NFT companies what’s their business model. 95% will say number go up		View
20 October 2021	2	10	There is not much known about Jack Dorsey other for his passionate beliefs in #bitcoin and his willingness to speak publicly about the technology. But he has done a #nft on #ethereum, and Twitter is now handing out 140 NFTs.		View
23 August 2022	2	10	NFTs are artifacts of networks.		View
30 September 2021	2	9	Go on opensea. And mint a polygon nft. Cheapest way to mint an nft rn. It’s free.		View
12 August 2021	2	8	now minted as an nft		View
13 August 2021	2	8	Growth hack: sending pitch decks as NFTs to investors.		View
31 August 2022	2	8	The creative potential of NFTs is limited only by people’s imagination.		View
25 February 2023	2	7	95% of NFTs will die because they don’t have a viable revenue model. A single mint is unsustainable		View
16 December 2023	2	7	My hot take is that a SaaS business model is gonna take over in crypto. NFTs and token launches are gonna be secondary to recurring revenue.		View
16 June 2021	2	6	What’s your favourite NFT market place?		View
22 August 2021	2	6	@Fwiz @DigitalGangstar All you need to learn how NFTs are going to change the world.		View
30 September 2021	2	6	My friend dropped some NFTs		View
6 November 2021	2	6	When life gives you lemons, make nfts		View
29 July 2022	2	5	some thoughts on ai technology and image generation and some notes on my nft project heavenlywords which used words to text... which was built 1 year ago and the speed of innovation thread		View
18 August 2023	2	5	All nft marketplace royalties will go to 0. Market forces willl push down the price. The model of relying on royalties is flawed. We literally saw this months ago. It’s just a matter of time for the entire paradigm to catch up For everyone else. There’s @sukuriprotocol		View
3 November 2021	2	4	Buy more NFTs		View
20 April 2024	1	93	Changed my pfp to an anime girl and these are the DMs I get.		View
6 July 2022	1	43	Black mirror is such a good show. But rewatching it it seems so trivial and tame. Almost as though our current lives are more horrific than what someone imagined a dystopia to be in 2012. They don’t even mention bored ape Nft’s.		View
21 November 2022	1	41	In hindsight the nft boom was driven by a usury based hyper capitalist speculation bubble that fueled consumerism. Virtual isation of assets such as art is inherently consumerist. The main utility of these items was consumption.		View
26 December 2021	1	40	Tattoos were the original NFTs		View
10 March 2021	1	39	GOING TO ANNOUNCE MY FIRST NFT VERY SOON. PART OF A LARGER PROJECT. STAY POSTED.		View
18 November 2022	1	31	yo @elonmusk bring back GIF pfps. thanks.		View
1 September 2021	1	30	Gf is getting into NFTs. Top is in.		View
5 December 2022	1	30	will nfts ever come back or was it all a fad?		View
23 August 2021	1	27	Like this tweet if ur an NFT artist. Making a groupchat for my DAO		View
2 April 2023	1	26	#NewNFTProfilePic NFT by Milady-Sonora It’s time to bring this back		View
17 November 2021	1	25	Health back. Time to finally release these NFTs smfh.		View
3 January 2022	1	24	Coming soon. @qopi_ic Physical NFTs.		View
23 February 2022	1	24	nft enthusiasts		View

History

GritCult first posted about NFTs on 6 February 2018, and most recently on 24 May 2026. Across the archive the subject comes up 559 times, most often in 2021 (288 posts).

See also

The Frontier portal

References

1. ^GRITCULT [@GRITCULT] (1 June 2021). NFTS ARE HERE TO STAY ANYTHING THAT CAN BE A DIGITAL ASSET, WILL BE A DIGITAL ASSET. X.
2. ^GRITCULT [@GRITCULT] (1 June 2021). EVERYTHING WAS A COPY OF A COPY, WILL EVENTUALLY END... THE WORLD WILL BRING BACK ARTISANSHIP, AND CLOSE KNIT COMMUNITIES WILL RISE. X.
3. ^GRITCULT [@GRITCULT] (24 August 2021). The biggest piece of advice i would advise is don’t be a platform. Be a community. X.
4. ^GRITCULT [@GRITCULT] (18 January 2022). WITH 7 WORDS YOU WANT TO BE TURNED INTO AN IMAGE. X.
5. ^GRITCULT [@GRITCULT] (5 August 2022). Nft’s jpeg monkeys are like paying 99p for a crazy frog ringtone on ur nokia 95 in 2004 or something. X.
6. ^GRITCULT [@GRITCULT] (25 February 2023). 95% of NFTs will die because they don’t have a viable revenue model. A single mint is unsustainable. X.
7. ^GRITCULT [@GRITCULT] (5 April 2024). Nft nyc this year has got to be one of the worst conferences I have ever attended in my life. X.
8. ^GRITCULT [@GRITCULT] (5 May 2025). If everything is a nft. Nothing is. X.

Further reading

• The Future Is Virtual, an essay by GritCult
• “How to go Viral on X w/GRITCULT”, GritCult on Vibe Trading (June 2026)
• “The Connection Between Meta-Modernism, Post-Modernism & Memetics In Web3 Culture By GRITCULT”, GritCult on NewForum (March 2022)

External links

• Posts about NFTs by GRITCULT on X
• NFTs on Wikipedia