The Ethereum merge has basically locked you out of building life-changing wealth as an investor in Ethereum – that is, unless you were here pre-$ETC fork.
If the Biden administration has its way, you will not be able to make money building on Ethereum, either.
This means you need to find a new system. I believe that system is Flow. Although it's not perfect, and definitely doesn't adhere to my notion of decentralization, we're not talking about that now. I'm not looking for Flow to bring in Satoshi's vision. We're talking about money-making opportunities in the bear market leading into the next bull.
Just so we're straight there. Don't come at me with any crap about Flow being one of the more normie chains that's connected to Coinbase as payment executor, etc., because I already know that.
Why Flow?
Flow doesn't pretend to be this half-decentralized crypto thingy — it's a business that happens to be a blockchain that appeals to a specific audience. (More on that here.) This means Flow is wide open for established brands to partner with, and they have — with the NBA, NFL, Ticketmaster and Instagram, among others. For good projects, the opportunity here for integration into the world of mainstream technology is significant and immediate.
Flow is also quite happy to have developers who are just starting out. While Ethereum can be intimidating both technically and socially, Flow is more welcoming. There are educational resources here that you'd have a lot of trouble accessing on Ethereum, because that chain and its zeitgeist have already gone through its lunch table pecking order fights. If you weren't there at the beginning, then you will not be able to break into the insider crowds with all of the best information. But you do have a chance to be there at the beginning of Flow.
Flow also has volume, which you may not know about if you have been looking at Ethereum. The two audiences do not overlap, so you will never hear about Flow if you attend Ethereum conferences, for example. But you will hear many Ethereum people talk in excited tones about chains like Avalanche or Optimism that don't have the volume Flow does. Why? Just people following others blindly. That's it. Flow is routinely second or third in total volume and NFT transactions, rivaling Solana.
So now that you know that Flow is already worth your time but you're somehow still early, let's talk about the exciting opportunities I've seen.
Tools for Investors
Even though Flow is second in total volume to Ethereum, can you believe that it only has one DAO? EmeraldDAO is the only DAO on Flow right now, and they are coming out with some incredible tools for devs and non-coders to use.
[Note: There are also EmeraldDAOs on Cardano and Oasis; I'm only talking about the Flow DAO.]
Just for me, the token gating tools are a great addition for any project. With it, you can segment audiences in your Discord based on the contents of wallets. This makes POAP a possibility with Emerald ID, which helps to link your online efforts to IRL events if you want, and you can also create artificial scarcity within your community to reward people who put forth the most effort.
The DAO is about to release a codeless NFT development tool, which will certainly help me as well. However, there is already a tool like this on Flow, Flovatar. That's cool; the more tools, the merrier.
There is also a school of sorts for new developers called Emerald Academy. For the most part, I have found these people to be incredibly helpful as I move into building projects on my own. Have fun trying to find this kind of a community on Ethereum without paying tens of thousands of dollars to get into top NFT communities. (Even then you might get ignored.)
You're Still Early
I made a point of saying in this article that we are really not early in Blockchain technology anymore. That's true, but it is less true in projects that haven't been saturated yet. Ethereum is saturated. Flow is not. What's great about Flow, however, is that you aren't dealing with a completely unproven chain that hasn't even built tooling for new developers yet. So you're early enough to make a huge splash socially and financially without being so early that you need to build the whole damn Blockchain yourself.
The bear market is a great time to be early on a block chain. I can just imagine how those Ethereum devs felt during the last bear market around 2018 building in Ethereum based Discords. To the average person, the room is empty. For people who know what they're looking for, the room is quite full of no nonsense individuals who talk about things seriously. This is when you can get your answers quickly, because the chat isn't scrolling incessantly, there aren't trolls that you have to ignore, and the token price isn't distracting you from getting real work done. You can very easily talk to the top devs in Flow and they'll answer you. This doesn't happen in Ethereum. I'm sure it did in 2018. Flow today is Ethereum in 2018.
Getting Over an Addiction
If you're anything like me, then you came into crypto through Bitboy and Ethereum. God help us as we unlearn all the bullshit that made them rich and not us. Part of that bullshit is that you have to spend all of your time on Ethereum and EVM based chains because this is where the cool kids are.
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More info on Flow and Ethereum that will make you money ---> https://twitter.com/alucard0x
