1/ On N Project
I don't like to discuss my views in this "ramp"-y phase of a project because I do not want to FOMO people.
But people have seen the 6529 buys so might as well open up to deFOMO the situation
I don't like to discuss my views in this "ramp"-y phase of a project because I do not want to FOMO people.
But people have seen the 6529 buys so might as well open up to deFOMO the situation
2/ 1st, for the love of god do not FOMO in and lose the rent money on white numbers on a black background
If this fails you will feel very very dumb and 6529 does not want that for you. Also your IRL fam will be mad and you won't even have "I was in it for the art" excuse
If this fails you will feel very very dumb and 6529 does not want that for you. Also your IRL fam will be mad and you won't even have "I was in it for the art" excuse
3/ The whole 6529 NFT portfolio is money that 6529 can afford to lose and not change 6529's IRL life.
Today's allocation to N Money is, I dunno, a 1% allocation from *that* portfolio.
Even with the "chad" buys, 6529 is taking NO personal risk here and you shouldn't either.
Today's allocation to N Money is, I dunno, a 1% allocation from *that* portfolio.
Even with the "chad" buys, 6529 is taking NO personal risk here and you shouldn't either.
4/ Why is 6529 buying white numbers on a black background? Is 6529 being dumb again?
Nope. 6529 believes in decentralization and that decentralization is a spectrum and we should aim to push down that spectrum if we can.
And 6529 will support such initiatives.
Nope. 6529 believes in decentralization and that decentralization is a spectrum and we should aim to push down that spectrum if we can.
And 6529 will support such initiatives.
5/ Sure, but what is with the dumb numbers? If you look closely at those numbers, it is a rarity-type distribution.
Where have we seen that before? Well punks and BAYC. But also every Art Blocks project too.
Where have we seen that before? Well punks and BAYC. But also every Art Blocks project too.
6/ One of the positive things about blockchain based art is the rarity is open and transparent, unlike in IRL art where everyone is also playing rarity games but less transparently.
OK, so what, we have a distribution of numbers?
OK, so what, we have a distribution of numbers?
7/ Well, 6529 looks at this distribution and squints, I dunno, perhaps, distantly in the horizon, at [waves hands] a MintPass for a decentralized experimental Art Blocks.
6529 loves Art Blocks more than practically anything in NFTs and will always build on Art Blocks
6529 loves Art Blocks more than practically anything in NFTs and will always build on Art Blocks
8/ But Art Blocks is not sufficient to support the world of decentralized generative art globally from one (amazing) team in Texas.
So the idea of having an experimental space, uncurated, where anyone can publish w/ a pre-built community of collectors sounds v interesting
So the idea of having an experimental space, uncurated, where anyone can publish w/ a pre-built community of collectors sounds v interesting
9/ But why shouldn't someone just mint / publish by themselves?
Well, perhaps they can and should. But *if* this works, using N Project as a mintpass gets you an instant base of collectors.
Distribution is always a problem online. It is what AB's main value-add is too
Well, perhaps they can and should. But *if* this works, using N Project as a mintpass gets you an instant base of collectors.
Distribution is always a problem online. It is what AB's main value-add is too
10/ So in some future world, where N Project is a thing and someone is an unknown artist, 6529 can imagine pathways like "mint first on N Project".
If good, the next collection might be Art Blocks (or whatever else is big by then - there will be multiple winners)
If good, the next collection might be Art Blocks (or whatever else is big by then - there will be multiple winners)
11/ This as a side effect solves gas wars for mints for the normal reason that mintpasses solve gas wars.
And without crazy ideas like trying to solve Sybil Attacks just to buy NFTs
And without crazy ideas like trying to solve Sybil Attacks just to buy NFTs
12/ But 6529, won't the rich get richer here? They get the rare numbers and we plebs are out again.
Not necessarily. The artist has full control. If they want a normal distribution of expensive to whales and then more normal, use the rarity as is.
Not necessarily. The artist has full control. If they want a normal distribution of expensive to whales and then more normal, use the rarity as is.
13/ An artist can redistribute wealth by penalizing the rares, and give the grails by lottery to the commons.
Or do it for the culture and give "69s" the rares. Or your lucky number.
Or do a flat random mint as we do now for AB.
DAOs 4 the mintpasses?
All are possible!
Or do it for the culture and give "69s" the rares. Or your lucky number.
Or do a flat random mint as we do now for AB.
DAOs 4 the mintpasses?
All are possible!
14/ What could go wrong with this exciting idea?
Well, given that it is 1 day old, literally everything.
6529 has done absolutely no diligence whatsoever, does not know the team, can vouch for nothing, has no knowledge ex reading twitter and OS
Well, given that it is 1 day old, literally everything.
6529 has done absolutely no diligence whatsoever, does not know the team, can vouch for nothing, has no knowledge ex reading twitter and OS
15/ 6529 does not know if there is a roadmap and if the team is watching considers it to be *vastly preferable* if there is no roadmap whatsoever.
The key for this to work is for it to be accepted as decentralized commons.
So team should work on equal basis to everyone else.
The key for this to work is for it to be accepted as decentralized commons.
So team should work on equal basis to everyone else.
16/ There will be 10 clones by tonight, 100 by tomorrow. This is why 6529 has "aped" in.
It is better if one platform wins this round so we can test the idea rather than liquidity gets spread across 100 ones.
So all else being equal, better to concentrate efforts
It is better if one platform wins this round so we can test the idea rather than liquidity gets spread across 100 ones.
So all else being equal, better to concentrate efforts
17/ 6529 Collection Guidance.
6529 is done collecting ultra-rares (0s, 14s, 5 in a row).
Other 🐳 have at them and give some exit liquidity to the common man and woman here.
And see if we can network effects going
6529 is done collecting ultra-rares (0s, 14s, 5 in a row).
Other 🐳 have at them and give some exit liquidity to the common man and woman here.
And see if we can network effects going
18/ 6529 might buy some smaller, cheaper numbers that are pleasing to 6529.
Collection size is close to 50 and will stay roughly in that range.
6529 does not want to be too large a HODLer, it is bad for the project to have collector concentration
Collection size is close to 50 and will stay roughly in that range.
6529 does not want to be too large a HODLer, it is bad for the project to have collector concentration
19/ At some point 6529 will decide which numbers make it into Permanent Collection and which ones don't.
At which point there will be an orderly market making but given that 6529 has dozens, not hundreds, it should be fine
At which point there will be an orderly market making but given that 6529 has dozens, not hundreds, it should be fine
20/ That is all for now.
I am genuinely deeply interested to see where this goes. I have a few more ideas but they are still fuzzy. Will revert when clarified.
Have fun but don't FOMO everyone.
I am genuinely deeply interested to see where this goes. I have a few more ideas but they are still fuzzy. Will revert when clarified.
Have fun but don't FOMO everyone.
21/ and the (official?) I think twitter account of the N Project.
In before all the scam accounts appear
@the_n_project_
In before all the scam accounts appear
@the_n_project_
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