Thread by @CroissantEth

Here you go .@elonmusk

For more than a year now I have been working on a cumulative effort to showcase the unique features of web3 & NFTs.

Allow me to explain my experience with this… 🥐

https://twitter.com/elonmusk/status/1473165434518224896

First off, writing for a living sucks.

Writers have few options to choose from when it comes to platforms, all part of a larger monopoly who picks and chooses what can be said on the internet.

I didn’t even start writing with crypto, my first gig was writing in politics…

Every day in high school I would work my ass off building my Facebook and Twitter pages up to the hundreds of thousands of followers…

Until that all came to an end.

I will never forget the day that Facebook permanently banned my pages for what could only be political reasons..

This effectively ripped apart my career + income that I had built through years and years of dedication, and with it a young man’s trust in centralized counter parties.

I was furious, defeated, and back right where I had started.

It inspired a deep hatred for authorities inside of me that remains there today.

𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘪𝘴 𝘦𝘷𝘦𝘳 𝘱𝘳𝘰𝘮𝘪𝘴𝘦𝘥, 𝘢𝘯𝘥 𝘺𝘰𝘶 𝘥𝘰𝘯’𝘵 𝘰𝘸𝘯 𝘢𝘯𝘺𝘵𝘩𝘪𝘯𝘨.

All of this brought me to where I am now. I am a croissant, and I like to write threads…

So… what about web3?

Ever since joining Twitter I wanted to create a diverse ecosystem of researchers in DeFi.

Something that could never be taken from me.

Somewhere along the line I learned NFTs on $ETH will make all of this possible

My work began with a website…

Where I have been able to monetize special research on certain pages.

How? The Bakery NFT.

The Bakery NFT is a unique token which grants holders access to all information produced by pastries.

Articles will only be revealed in their entirety if one is holding the NFT

The Bakery NFT works on the server side, creating accounts for members of the community and connecting them to their Ethereum wallet.

Users can then leave comments on the website, and benefit from all of the other features.

It can be purchased from a variety of different platforms, using $ETH or even with a credit card!

The design uses “Optimistic Unlocking,” meaning as long as a transaction is likely to be mined on the network, then the article will instantaneously be available for reading.

Interestingly, the NFT can also easily be integrated on other websites with a few lines of code, this is not a walled garden ecosystem.

I’ll show you exactly what I mean below…

The same NFT that unlocks access to research on my site, also grants holders the ability to post on The Bakery forum on Discourse.

Topics under special categories will be locked and viewable to holders of the NFT only…

Pretty cool, right? Well it gets even better.

After visiting the website and the bakery forum, you can then join the discussion with all of the pastries in the community on Discord, where holders of the NFT can talk in secret channels!

After visiting the website, visiting the forum, and visiting the Discord all with the same NFT, you can then try out the newsletter, where you’ll get breadcrumbs straight to your email!

Additionally, holders of the NFT will be able to vote on key decisions for The Bakery including:

-changing the price of The Bakery NFT
-dividends (if any)
-research topics
-various system parameters

All of this is possible with Snapshot, a gas-less way to vote with tokens

To top it all off, you can treat yourself with some streetwear from our Shopify store!

Holders of the NFT get a 25% discount on all items, and no shipping costs… 👀

(these clothing items will also be NFTs, but more on that another time)

Fancy the Metaverse?

The Bakery intends to acquire land in Decentraland.

The catch? The door is only open to holders of, you guessed it, the Bakery NFT.

In the future I also plan to deploy a “Key Purchaser” contract. This will allow users to define different characteristics for recurring memberships like the frequency at which it can be renewed…

This is a quick & effective subscription model at the tip of my fingertips

If you’re worried about gas fees, no problem! Each purchase will receive a portion of gas refunded after buying, in the form of Unlock Discount Tokens.

The Bakery NFT will also be deployed on many layer two networks such as Optimism + Arbitrum.

The best part about all of this?

I didn’t need to have an account with .@WesternUnion, request private banking details of my fans, wait days for the payment to settle, or sacrifice any of the earnings to intermediaries.

𝘞𝘪𝘵𝘩 𝘸𝘦𝘣3, 𝘐 𝘢𝘮 𝘵𝘩𝘦 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮.

If you’re adding all of us this up, that’s a single membership that spans across SEVEN entirely different platforms…

Facebook can’t take this away from me, because it is on the new interoperable, immutable, and decentralized base layer of the internet.

All of this is what will allow for a very powerful ecosystem.

By tokenizing access to special research, I now have economic incentive to write better, more valuable content.

Furthermore, the community now has incentives to go share the content with others, AND help contribute.

The more valuable the info shared on these platforms is, the more valuable the underlying NFT becomes, creating powerful network effects that haven’t been seen before.

Most important of all however, is that what I’m offering here is 𝘵𝘳𝘶𝘦 𝘰𝘸𝘯𝘦𝘳𝘴𝘩𝘪𝘱.

You can send this membership to your friend as a gift, treasure it forever and ever, or even sell it on the secondary market.

Oh, and did I almost forget to mention?

Each Bakery NFT has their own pastry assigned to it, with unique attributes and traits to discover!

For skeptics of web3, I implore you to have a look at this thread, and let me know what you think…

Web3 and NFTs are far more than they appear at first glance. 👀

side note: Bakery NFTs are not live yet, but stay tuned! 🥐