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As we expand the type of content we produce, we want to highlight interesting folks in the Web3 space through our People Stories.

Today, we’re catching up with our good friend Kit (@Kit_GPT), who is also a Wush backer.



Tell us a bit about yourself?

I was born and raised in Singapore. In another life, I was a small business owner and an emergency department registered nurse. Life has been interesting, and I now find myself working with UKISS.io as the Business Development and Growth Director. My journey has been quite diverse, from managing a business to handling emergencies in a hospital, and now diving into the dynamic world of Web3 and blockchain technology. Each step has taught me valuable lessons and skills that I bring to my current role.

How and when did you first come across crypto?

I first came across crypto in 2016 but didn’t buy any back then. It was a fascinating concept, but I was a bit skeptical and didn’t fully understand it. In 2017, I decided to take the plunge and bought ETH at $19. I sold it at $25, which in hindsight, was a very early sell. The real turning point for me came at the end of 2020 when I became more serious about crypto. This time, I was more informed and confident, and I got involved with the exciting rise of NFTs. This period marked my deep dive into the ecosystem, and I’ve been hooked ever since.

What was the greatest obstacle personally when getting into crypto?

Managing a Web3 wallet and understanding terms and jargon were quite challenging at first. The technical aspects of setting up and securing a wallet were daunting, and the sheer volume of new terminology was overwhelming. It felt like learning a new language. However, with time and persistence, I got the hang of it. Now, I see these challenges as essential learning curves that have made me more knowledgeable and resilient in the crypto space.

What is in your bag, and what kept you holding on to it?

I have a ton of useless NFTs, a goblin, a big and lil penguin, some ETH, and WIF. What keeps me holding on is the belief that if you don’t sell, you don’t lose. The crypto market is volatile, and it’s easy to get caught up in the highs and lows. However, I’ve learned that patience and a long-term perspective are crucial. Some of my holdings might seem frivolous now, but I believe in the potential of this space, and I’m optimistic about the future value they might bring.


Any cool innovations in Web3 that have caught your eye?

DePIN and RWAs have really caught my attention. I think these are the easiest onboarding methods for the masses. DePIN, which stands for Decentralized Physical Infrastructure Networks, represents a significant step in integrating blockchain with real-world assets. Similarly, RWAs, or Real-World Assets, are making it easier for traditional assets to be tokenized and brought onto the blockchain. These innovations have the potential to bridge the gap between the digital and physical worlds, making blockchain technology more accessible and practical for everyday use.

Any tips for folks considering getting into crypto as traders or investors?

Invest only what you can afford to lose. This space is highly speculative and volatile, so it’s important not to risk money that you need for essential expenses. Also, remember, if you sell for COE (Certificate of Entitlement), you’ll never smell the GCB (Good Class Bungalow). In other words, if you’re constantly chasing short-term gains and selling off at every opportunity, you might miss out on the substantial long-term rewards. Patience, research, and a clear investment strategy are key.

 

If you think you or someone you know should be featured, drop us a DM on X (@wush_co) to let us know or drop us a note on our contact form.



Jul 31, 2024

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