Mable Jiang Profile picture
Jun 30 6 tweets 2 min read
Some ramblings: I had a conversation with @rebeccadai0 earlier last week about Web3 social - what we lack today is not a messaging app or a community tool, but rather a repetitive activity that a bunch of people keep going back to the same place to do it everyday.
Imho it's relatively hard to grow brand-new social behaviors out of a new chat app that's simply dedicated to some "NFT communities". Ownership of the same NFT collection sounds sexy, but it needs deeper bonding than just "sharing the values" to form long lasting relationships.
In other words, new social behaviors in this world may occur only after people frequently interact with the same platform for some common purposes - people first each grows a relationship with the platform, and then they develop relationships with each other.
If we have to find some examples, it's prob like how @Stepnofficial users open the app on a daily basis, or how the fans of @ProjectGalaxyHQ keep coming back to the dashboard to look for new tasks. They both have the potential to grow multidimensional relationships.
There are a lot of ideas about the social experiences that STEPN is keen to explore to offer (or in a fancy way, the web3-native digital bonding experiences), but social is also a double-edged sword that can rise and fall you fast - we all need to be honest about that.
STEPN started with incentivizing people to pursue a common goal of "adopting a healthier lifestyle", but how it turns the one-way relationship between a user and the product into a network of relationships among the users, is probably the answer to "how to create a web3 Disney".

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More from @Mable_Jiang

Jun 2
0/ 这是一个关于STEPN近况的反思和一些未来的一些计划和行动的帖子(这是一个双语帖子):

This is a thread about our contemplation of STEPN's current situation and some planned actions (this is a bilingual thread):
1/ 首先,非常非常抱歉最近对大家情感的伤害。因为种种原因,我们这一阵每天都只能睡3、4小时,但这不该成为我们犯错的理由。其实团队如果专注于产品与更新的交付,而不是在疲劳的情况下过度仓促地沟通,可能所有人感受都会更好。我们现在深刻认识到了这一点。
2/ First of all, I want to let our community know that we are terribly sorry for all the miscommunications that have not only disappointed our believers but have caused unnecessary damage to the community and ecosystem.
Read 27 tweets
May 20
0/ @Jerry10240 & @yawn_rong participated in many AMAs and Twitter Spaces; yet we never summarized our thoughts about @Stepnofficial's present and future in one thread.

This thread is to explain what we believe STEPN is, how we got to where we are, and what we hope STEPN to be:
1/ What is STEPN: an easy bridge between Web2 and Web3. We strive to become one of the easiest onboarding mechanisms for the non-crypto folks to get onto the Web3 rail, starting with a Web3 login
2/ What we hope STEPN to grow into: a platform that empowers its loyal community members with Web3 experiences that are connected to real world economies, and an ecosystem whose values are *created* by the users and *owned* by the users
Read 11 tweets
May 7
0/ Hey guys, here is a personal update:

Yesterday was my last day at Multicoin. I’m leaving the firm to join @Stepnofficial as the Chief Revenue Officer. It is a big turning point of my career, and it took me a lot of deep thinking in the decision-making process.
1/ I would like to first and foremost thank all my colleagues at Multicoin Capital, with whom I spent the best three years of my career thus far and together built up this amazing asset management business.
2/ Every second that I worked with a colleague at Multicoin was intellectually stimulating; I was constantly amazed by how much I could learn from anyone on the team.
Read 25 tweets
Jan 8
0/ @kankanivishal always diligently reminds me of doing my job of translation so here is it - a thread about how I think about "subsidizing" users in Web2 v.s. Web3:
1/ I have come to realized that many believes that the airdrops / rewards are similar to the subsidies in the Web2 apps. To some extent they are - they incentivize new human behaviors.
2/ One big difference, however, is that as you spend the subsidies gifted by the Web2 companies - say you use the coupons offered to you by Uber - you did get to enjoy the service, but you have nothing to do with the future of the company, even if you continue to use the service.
Read 7 tweets
Dec 29, 2021
@MapleLeafCap 今天说的话让他成为了我心目中yyds no.1:

“我的新看法就是以前MMORPG和APP都是像外汇管制 ,现在P2E外汇管制全面放开了,在货币政策独立,资本自由流动之下,汇率不可能稳定。唯一稳定方式是创造持续的对于本国货币的需求, aka 产业升级促使本国货币为刚需品购买的唯一本位。”
“换言之就是得有外部现金流进来不断买买买游戏内流通货币,这个除了玩家我觉得需要考虑商家本身的消费。一国货币为啥能成为硬通货且升值而不影响国内经济,一条很重要的理由是,产业升级;升级了之后未来全世界需要构建产业链必须买该国的产品,而且只能用该货币付费。相当于全球寻租,以该货币为锚。”
因此我认为在这个背景下,传统世界中原本对立的用户和商家(卖广告的)成为了一体。

在体系中用户们可以为了爽感(资产更好时间花更少玩的更爽)和社交地位(炫耀)消费,商户也可以基于用户成就/经历定向宣传(目标用户会因接受了宣传而获得激励),而这里的用户和商户可以是同一个个体。
Read 4 tweets
Oct 22, 2021
0/ It was great to grow hand in hand with @EdenNetwork over the past few months. Very thrilled to see the roll-out of this roadmap

In this thread I'd like to offer a version of the roadmap w/ my own interpretation and provide my constructive feedback as a humble community member
1/ Over the 75 days since Eden launched (same day as 1559), Eden has been through a mad ton.

Rome is never built in one day - building an MEV infrastructure requires constant iteration; and we've seen the effort made by the team to continuously strive to do so
2/ The slot tenants grew from the lack of usage in the early days (due to some UIUX challenges) to their value being gradually discovered by more searchers (as we've seen cycles of healthy bid wars)
Read 22 tweets

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