this morning waking up to +$6k airdrop from $sos got me sooo inspired and excited. im intrigued with the sheer amount of "free" money being airdropped to users by different projects - $rare, $ens, $sos etc.
lets break down why and howπ
1. reward early users disproportionally
rewarding early users disproportionally creates evangelist who will forever rave abt the project. ultimately, its the "community" who will help the project rise from all the noise in the market.
ie, @BoredApeYC holders continually gets rewarded from kennels, to mutants, to just the astronomic rise in the value of these apes.
this is what creates maxis and zealots
2. hit the masses
$sos's drop is very smart to reward users of opensea, which is practically anyone who trades nfts. this tactic allows the token to hit the masses rewarding the hvy users, who will once again rave abt them, market them, and rally behind them.
ie. with unique users of still under ~1million, projects are all scrambling to position themselves to land grab. what better way to do so then to hit the "masses" now and brace for the real wave to arrive.
ultimately, the secret is in aligned incentivesπ
3. aligned incentive
what makes web3 so exciting and work is aligned incentive. this is what powers this whollleee movement. the more the users win, the more the project wins. counter intuitive from a regular business perspective, but it works, like a charm.
ie. the concept of shared win is to turn all the users/holders into zealots, who will forever market for the project b/c they have stakes, they have incentives and b/c they want to.
for those who haven't claimed yet. 1. theopendao.com 2. connect to claim. 3. revoke.cash to revoke access after.
not financial advise, do your own research.
how much will u receive?
$sos at current price of 0.0000024934823571606256
take ur claimable $sos amount x 0.000002058651175 = is how much fiat u'd receive.
final thoughts:
the biz landscape is changing.
the power is now with the users.
the airdrops that we see now,
are peanuts compared to whats to come.
this is only the beginning.
we can learn a lot from what others are doing in the space and what gains traction and what doesn't.
we can take these learnings and apply to the way we look at nfts/tokens/coins, the way we build and the way we maneuver through web3.
like + retweet to follow my journey π
disconnect straight from metamask 1. find the 3 dots on top right corner 2. connected sites 3. garbage can all sites
$SOS contract is 0x3b484b82567a09e2588a13d54d032153f0c0aee0
as a founder, im curious on the events that led to this monstrous acquisition and what we can learn from it so we can apply it to our own creations.
lets dive π
disclaimer:
- this is purely my observation from the outside
- i don't own any rtfkt NFTs
TDLR:
4 main reasons that led to the acquistion 1. founders - business acumen + years of bg 2. partners - deep + wide connections 3. community - reward passionate tribe 4. niche - perfect alignment with laser focus
dm's always swamped with ppl
asking for project suggestions
so here its goes
i evaluate nft projects based on 1. future potential 2. project depth 3. community 4. development team
(this is irrespective of the market condition)
(not financial advise/dyor)
π
1. future potential
- some of the biggest corps are diving into the metaverse - facebook, softbank, grayscale, a16z, etc.
- we see that with $sand doing a whooping x8 in just under a mth.
- some of the biggest virtual land sale plays are happening right now.
$BANANA + $VOLT + $RWASTE + $XXXX + $XXXXX
all in a little world!?
π§΅π
current NFT landscape is everyone for themselves.
every project has their own tokenomics
and their own ecosystems.
game theory, staking, breeding, etc.
what is the #1 problem these projects all encounter?
token emission vs burn mechanics.
for many projects, token emission is like trying to find buckets for a never ending fire hose.
its an ongoing deep underlying issue for a lot of projects.
3 critical rules to price ur nft collection
π§΅π
consider 2 big market factors before
the 3 critical rules to properly price ur collection
lets dive π
2 market factors
macro - broad crypto market landscape.
what is the crypto market sentiment?
crypto twitter, @APompliano + @WClementeIII
is where i gather my market pulse
how is ETH doing? this has direct impact on
the whole NFT market (why?π)