I tried to explain what WAGMI is in comic strips.
TL;DR
I explained what WAGMI is and how you can use WAGMI in the crypto space.
Some Takeaway
WAGMI is short for We Are Gonna Make It. A phrase that Youtuber Jamie Tree used on March 24th, 2012 from Zyzz’s motivational video. Despite Zyzz's death in 2011, the phrase lives on and becomes inspirational.
WallStreetBets
During the 2021 GameStop squeeze, the catchphrase of WAGMI was frequently used in the spirit that one might lose their entire investment through gambling of stocks or go to the moon. Of course, the latter case was approved by many WallStreetBet members who won the GameStop war.
NFT Hype
Such spirit was quickly adopted by the NFT community and spread around on Twitter. Many early adopters of NFT promoted the WAGMI catchphrase and inflated it with FOMO. It is a win-or-lose situation in NFT when projects are about to launch. It was purposely to inflame the NFT spirit and convince as many people to join the NFT space without any care.
What is Next
WAGMI is a meme phenomenon. It gives an extremely positive image of the future. This too optimistic view may trick you into thinking of taking more risks without any consideration. It is better for people to be aware of high risks and spend money with care.
In conclusion
WAGMI is a meme catchphrase to become too optimistic to disregard risks. One should bear in mind that risks are there and they should be cautious to exercise the money with enough protection without ever recovering from a financial scheme.
Photo by Viktor Forgacs on Unsplash
Note: the post was shared on multiple platforms here.
You can refer my previous article lists here
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Crypto Philanthropy
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2022 Prediction #2: L2 Bridges
2022 Prediction #3: Zero-Knowledge Proofs or ZKPs
2022 Prediction #4: Regulated Defi On-Chain KYC
2022 Prediction #5: Institutional Crypto Adoption
2022 Prediction #6: Defi Insurance
2022 Prediction #7: NFTs-Based Communities - DAO 1.5
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What You May Expect NFTs After 6 Months and Beyond
DAO The Way Part 4
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DAO The Way Part 5
Lessons Learned From Wonderland DAO
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Learn How To Defi Part 1
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DAO The Way Part 8
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DAO The Way Part 10
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Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
