Why Culture is King in Web3: Adam Weitsman’s Blueprint for Spotting Real Value
Why Culture is King in Web3: Adam Weitsman’s Blueprint for Spotting Real Value
Web3 markets change every day. Prices go up fast, then crash hard. Many people stare at charts to guess what happens next. But they miss the real force:
Adam Weitsman knows how value builds. He runs one of the biggest private scrap metal businesses on the East Coast. Prices and supply chains rule there. Years ago, at age 23, he started a folk art gallery in Greenwich Village. He bought old weather vanes and stoneware from country sales. Then sold them to city collectors for 10 times more. Now, he collects NFTs like crazy but never sells any. This mix lets him see value before others do.
Lessons from Art to Scrap to
“In the 90s, some gallery pieces sat unsold for years,” Weitsman says. “One change in buzz, and everyone wanted them. Web3 works the same way.”
Most hunt for utility first. What does the token do? In Web3, that comes later. Take Bored Ape Yacht Club. It launched without fancy tools. It offered identity. Owning an Ape meant you were in the club. That sparked demand.
In 2022, Ape floor prices hit over $400,000. CryptoPunks sold for $20 million each. Tech features? Not the driver. Community and hype were.
“Day one isn’t about function,” Weitsman explains. “It’s about who joins the ride.”
Answers: Who Cares and Why
Strong groups keep things alive. They post, trade, and hype. Attention stays high. Weak ones die quick. Prices drop with them.
Weitsman saw this in art. “Collectors flock to an artist. They hit every show, talk nonstop. Momentum builds. Web3 mirrors it.”
Numbers back it up. A 2023 DappRadar study showed NFT sets with lively communities had 3x steadier trades than quiet ones. Community isn’t extra. It’s the motor.
Scarcity Alone? Not Enough
Many NFT drops cap supply at 10,000. Most flop. CryptoPunks? Also 10,000. But it rules thanks to
“Anyone copies scarcity,” Weitsman notes. “Culture? No way.”
Punks stand for OG status. New copies can’t steal that. Same in real collectibles. Low numbers mean zip if no one cares.
Short Hype vs. Long
Web3 flips on a dime. One tweet pumps prices. Volatility rules. But lasting value needs steady eyes.
NFT volume peaked at $25 billion in 2021. By 2023, it tanked. Most projects vanished. Survivors had tight communities and strong vibes.
“Some hit millions in sales, then zero fast,” Weitsman says. “Winners? People won’t shut up about them.”
This loops in every market.
Buy the Club, Not Just the Item
NFTs sell identity. Yours shows you’re in. Demand surges. Art, fashion—same deal.
“It’s not the thing,” Weitsman says. “It’s the crew.”
That crew fuels value. Smart projects nurture it. Others fade.
From Gallery Days to NFT Hunts
Weitsman links it all. Artists blew up on positioning, not just skill.
“Pieces gathered dust. Right crowd noticed—boom.”
Web3 early birds watch group vibes, skip charts. Patience pays.
Key Metrics: Follow the Data
- Trade volume over time: Steady beats spikes.
- Holder spread: Wide base = stable.
- Community buzz: Posts, chats, events.
- Liquidity: Easy trades keep it going.
“Check owners,” Weitsman advises. “Spread out? Good sign.”
Data echoes culture signals.
The Harsh Truth: Most Fail
Web3 is wild. Chainalysis says 70%+ of 2022 NFT launches had zero action in a year. Buzz dies quick. Pick smart early.
“Bet most flop,” Weitsman warns. “Chase real action.”
Risk is real. Ignore it, lose big.
Future: Tech Grows, Leads
Tools get better. Utility expands. Platforms evolve. But people pick value. Communities spread it. Markets chase.
Scrap, art, Web3—all follow. Value hits where care meets use.
“Care creates value. Always has,” Weitsman says.
Web3 trends: Community brands rise. Digital meets real life. Hype loses to real bonds.
Build culture first, win big. Ignore it, struggle.
Your Playbook for Web3 Value
Get this, change your game.
“Skip ‘what.’ Ask ‘who watches and why,'” Weitsman says.
That’s value’s start. Spot it like Weitsman. Win in Web3.
Ready to dive deeper? Watch community signals. Your edge awaits.
