Original author: 0xrose, Deep Tide TechFlow

Note that this is for leases, say, for transactions, the generalization is fine.

We can do better, conduct more in-depth research on various NFTs, and choose a specific market, better understand and build a vertical custom solution instead of an agnostic general solution.

2. Resource allocation

Time is the scarcest resource for everyone, from partners to investors and of course users. It's hard for them to engage without a commitment after the first call or a few feedbacks, unless they do it for free for some reason.

Since we don't need outside capital to build MVP, I completely underestimated this.

We actually need capital to adjust interests. Each investor and partner will bring their specific value, and it is very important to master how to use it. So planning what they can bring, from capital to recruiting or just reputation, is a must.

3. Better Authentication

Validation is a huge topic, but it can be boiled down to goal setting, hypothesis framing, experimentation, and data collection.

We made a mistake: as soon as we found a good technical solution to enable leasing, we implemented it.

Furthermore, our assumption is that users do not yet have any leasing mechanism, and if there is a solution (i.e."over there"), we will see new dynamics.

Summarize

Summarize

The author believes that the founder's summary is very sincere and directly hits the pain points.

First of all, whether it is a real demand and whether the demand/track is large enough, NFT leasing looks very good, but imagine a specific scenario, a blue-chip NFT is a social display, and the holder is usually the industry leader/rich whether they are willing rent? And are there too many people willing to lease? This is a bit similar to renting second-hand luxury clothes. It feels that there is a demand, but it is very small, and it is far less than a vertical market such as game NFT rental.

Secondly, the team feels that it does not need external funds to make products and push them to the market because there is no financing, but in the crypto market, financing is not just for money, endorsement, BD resources, establishing contacts with important partners, assisting recruitment... all kinds of External resources can be connected through Cap table.

In the end, it is best for a product or solution to be fully tested before being fully launched on the market, rather than to act immediately, impatient to eat hot tofu.