Newsletter #249: Rektguy

This week’s featured collector is PauliePontoon

PauliePontoon collects a range of NFTs on Ethereum. Check it out at lazy.com/pauliepontoon


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Last week’s poll basically said the bottleneck isn’t creativity — it’s confidence.

The top answer was “Not enough committed collectors” (40%), which reads like a patronage problem: people may still like NFT art, but fewer are willing to consistently buy, hold, and support artists through a quiet market. Right behind it, “Trust issues” (30%) is the obvious shadow of the last cycle — scams, bad incentives, and reputation blow-ups still make everyone hesitate.

The sleeper result is “Displaying NFTs still sucks” (20%). That’s a practical, unsexy barrier, but it matters: if digital art is hard to live with, it stays stuck on marketplaces instead of becoming part of daily life. “Discovery is broken” (10%) scored lower than you’d expect, which suggests people think the good stuff can be found — it’s just harder to justify buying when trust and collector conviction are shaky.

And the most telling number is 0% for “the art isn’t good enough.” That’s a vote of confidence in artists — and an indictment of the surrounding infrastructure.


From Barclays to RektGuy: An Artist’s Guide to NFT’s Reality

OSF—better known to most collectors as the creator of RektGuy—comes across in this interview the way he does online: sharp, self-aware, and very clear-eyed about how unforgiving crypto can be. He’s also a useful case study in how an NFT project becomes a durable cultural brand rather than a one-cycle collectible.

His path into crypto wasn’t a straight “believer” arc. He first heard about Bitcoin in 2012 while backpacking in Thailand, when a random traveler told him about Silk Road and buying things with BTC. He didn’t act on it. In 2017, when the market was taking off, he tried to buy crypto but couldn’t get through KYC, then watched the 2018 crash and felt like he’d “dodged a bullet.” He describes himself as a skeptic for years after that. The real turning point was January 2021, when he says he finally got his head around Bitcoin and macro conditions enough to buy. After that, “no turning back.”

Collectors will recognize the mindset that follows: he’s a former Barclays credit trader who says he genuinely loved trading and risk. But he left because he didn’t want to work under someone else’s constraints. The “tap on the shoulder” from a boss to cut positions, the frustration of being forced out of trades only to be right later—those limits eventually outweighed the security. He didn’t necessarily leave for crypto; he left because he wanted to be his own boss. Crypto just became the thing that fit.

The art didn’t start as a business plan either. OSF frames it as an outlet: in finance you spend all day staring at screens, speaking one language, using one part of your brain. Drawing on an iPad tapped a different part of him he felt he hadn’t used in years. He also notes something that’s easy to forget: digital tools got dramatically cheaper. When he was younger, a proper tablet was prohibitively expensive, so he drew with a mouse. Now an iPad makes high-quality digital creation accessible, which helped pull him back into making.

The moment it clicked emotionally wasn’t a big “launch.” It was selling a first piece. He describes it as a weirdly powerful feeling when someone tells you they genuinely like your art and wants to pay you for it. That first mint wasn’t even “RektGuy”—it was a drawing of a “WTF guy” holding coffee, minted on Foundation. The point is the ease: a few clicks and it’s onchain, purchasable. That simple pipeline—make → mint → market—was part of what made the early NFT era feel so alive.

Where the interview gets most interesting for NFT collectors is OSF’s approach to community and trust. He says the foundation of his early drops was that he never intended any of it to blow up—and because of that, he tried to avoid creating liabilities. The early “WTF guy” mint was free, with no roadmap. He even jokes the roadmap was literally “lol lol.” The idea was: if you don’t charge people and you don’t promise them anything, you don’t create expectations you can’t meet.

The twist is that the market loved it. In a space full of extraction, overpromising, and bad actors, the absence of a pitch felt refreshing. OSF basically describes a reverse-psychology trust engine: “there’s nothing here, we owe you nothing,” which made people feel safer—and then more loyal. He makes a sharp point collectors will recognize: when people feel like they made meaningful money from something you created (even if it wasn’t intentional), they often develop real loyalty. It becomes a kind of informal social contract—supporting what you do next because you did something good for them first.

Royalties come up too, and his story is a snapshot of the era. They did collect royalties briefly, then saw them evaporate as the market shifted. What’s notable is what they did with the royalties they did get: they spent them on an over-the-top community event in New York—the “Rekt Show”—instead of treating royalties as profit. That’s the kind of choice collectors tend to remember: onchain revenue turned into a shared offline moment that strengthens identity.

OSF’s take on meme culture is one of the cleanest explanations of why projects like RektGuy land. He argues memes have always existed—WWI and WWII posters were memes—because they’re built on relatability. Crypto adds a new measurement layer: instead of likes being the score, price becomes the score. Tokens, in his framing, are a way to measure how powerful a meme is—collective belief expressed financially. You don’t have to fully agree, but it’s a useful lens for understanding why “meme projects” can be culturally durable even when markets are brutal.

He also thinks crypto-born imagery can leak into the mainstream without people even knowing its origin, pointing to Pudgy Penguins as an example of widely shared visuals that travel outside crypto contexts. He extends that to a bigger thesis: the next stage of consumer brands may originate from crypto—after physical retail, e-commerce, and influencer-driven products, he sees “web3 brands” as the next wave.

That leads into Rekt Drinks, his most direct attempt to fuse crypto-native incentives with a physical product. He describes a system where buying the drink earns a “brand coin” (he’s explicit: not equity, not revenue share, not IP ownership). It’s basically sentiment as an asset: early supporters can have upside if the brand grows, unlike traditional loyalty points that are infinite, centrally controlled, and not easily turned into cash. Whether you love that model or hate it, it’s a real experiment in applying crypto mechanics to something you can hold in your hand.

He’s also blunt about reputation risk. In crypto, he says, one misstep and “the knives are out.” Some of that is justified—scams forced the culture into aggressive accountability—but he emphasizes how easily good intentions can be misconstrued. Being a public face helps build trust and recognizability, but it comes with personal downside and constant scrutiny.

Two smaller collector-friendly notes land at the end. First, he wants his art to be used more actively—like sticker packs—so people can express emotions with his characters the way they use GIFs. Second, he admits timing was everything: he doesn’t think RektGuy could be recreated today. It worked because it launched into a specific moment—right before markets tanked—when people felt rekt and wanted a shared identity. That’s a rare kind of honesty: some projects aren’t replicable because they’re tied to a collective mood.

The throughline here is simple: OSF built around low promises, high cultural fluency, and constant experimentation—while staying painfully aware that crypto can reduce anyone to zero overnight. For collectors, that’s the real takeaway: in the post-hype era, trust and timing are still the scarcest assets.

Watch the full interview on YouTube.


Poll: What do you think was the real key to RektGuy’s success?


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