Marketing in web3 🧵

#Permissionless2022
1/ With Crypto & NFTs you have a consumer who wants a product that is theirs

It’s quite difficult for brands to understand how to step into this space, and let alone market for it

There’s a lot more education that has to come down the road

@jeffcarvalho
2/ Coinbase NFT is trying to fill a need at the center of social & NFT platform

@kate_rouch
3/ The promise of social media was the idea to share your voice, and for people to share in that point of view (e.g. the like, comments, shared, etc.)

@jeffcarvalho
4/ It’s quite difficult for projects to maintain the ‘hype’ from mint day

We know from web2 that building a community is difficult, and maintaining a community is even harder

[Projects] need the resources to do so

@jeffcarvalho
5/ Web3 marketers are building the future

When hiring a web3 marketer, find someone who aligns with what you are trying to build

Fundamentally, we need marketers who are web3/crypto native, AND we need people who understand scaling to audiences not in web3

@kate_rouch
6/ You can’t just throw money at web3

We need [marketers] who are really smart and understand [the space]

@kate_rouch
7/ Don’t be afraid of marketing, there is a way for marketing to coexist with web3

Brands should go into web3 with a reason and a purpose

Don’t force yourself into web3 for the purpose of being there

@jeffcarvalho
8/ [Bear markets] force us to get back to basics.

Some of the most interesting innovations of today emerged during [bear markets]

The same applies today. [Coinbase] is leaning in to accept the challenged

Everything useful was built during a bear

@kate_rouch
9/ “I’m obsessed with wearables”

“I’m excited about the opportunities within the wallets themselves.”

“There are a lot of brands who need [good web3 marketers]”

@jeffcarvalho
10/ Vayner NFT is really excited for collectibles to shift from hype to actual utility

@avery_akkineni
My POV: Web3 is VERY different from web2. The same mechanisms that work in web2 don’t necessarily work in web3. In web3, the creators themselves are the platform. There is a need for creators & builders who are great marketers.
If you enjoyed this thread, give it a like & a RT

Also, if you have questions about marketing in web3, drop me a DM!

Myself, and the rest of our web3 team, are working to build useful solutions for partners and clients to help them navigate marketing in web3 🤝
And of course, shoutout to @Permissionless & @Blockworks_ for lining up the great panelists 🤝

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More from @itsmechase

May 20
For those who missed it, here are each of my threads for the panels I attended at #Permissionless2022

Enjoy! Image
Read 16 tweets
May 19
Play & Earn Gaming 🧵

feat. founders/executives from Illuvium, Axie Infinity, & Gala Games

#Permissionless2022 Image
1/ Building in bear markets…

The key to weathering a bear market is to ship product

Financial incentives build early community…then you have to upgrade the game…

Axie wants to integrate Axies into many more games, not just Sky Mavis titles

@Jihoz_Axie
2/ Building in bear markets…

Illuvium raised enough money ($50M) to weather the bear market. Adding 15-20 people per month. They have the runway.

@KieranWarwick
Read 18 tweets
May 19
Brands in the Metaverse 🧵

(I arrived late so this thread is a bit shorter 😅)

#Permissionless2022
1/ Target Market…

Two components:

1. Crypto Chicks - bringing women and others into web3

2. Women Labs - programs and projects to create support ecosystems for women in the space. Focus on women designers and retailers

Madeline @NFTCryptoChicks
2/ Target Market…

“Our model is we want to become the fists luxury brand born from web3”

Targeted high-end [web3] collectors

“We want to be the bridge between web2 and web3”

Metaverse is a bridge for people to ease into web3

George @cultandrain
Read 8 tweets
May 19
Here are from my Twitter threads from Day 2 of Permissionless

Some good nuggets of info in here 🤝

#Permissionless2022
Read 6 tweets
May 18
Why DAOs win 🧵

#Permissionless2022
1/ What are DAOs good at?

“DAOs are good at governance”

@owocki
2/ What are the key innovations of DAOs?

“The infrastructure of DAOs make them fundamentally different from traditional orgs”

“DAOs are built on blockchains, use smart contracts, and are permissionless”

“The ability to harness community energy and turn that into action”
Read 16 tweets
May 18
The Collision of NFTs and DeFi 🧵

#Permissionless2022
1/ How do you borrow against an NFT?

“As long as there is a market with a price, the lending protocol can give a loan against it, when the value drops, you go through a liquidation process”

Important Pieces: Efficiency of assets, pricing accuracy

@yubo_ruan
2/ We are working on a loan base market for NFTs…starting with Bored Apes…but floor price is too volatile…for liquidation, you don’t want to liquidate someone for [manipulative] floor drops…we accommodating for “instant dump” situations

@yubo_ruan
Read 19 tweets

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