Thread by @RaoulGMI

Observation on NFT communities:

Why the stupid hoops to jump through for everything?

1/

It has become near impossible to stay on top of projects you are already involved with. Allowlist, free mints, airdrops, mints, registrations, dutch auctions, auctions. and all the things just to get to some "next" level of utopia, the promise of riches or (breathlessly) a game!

This makes it super hard for anyone but degens. Im all for gamification but this is as starting to look like a game for a games sake with ever the promise... much like the path to a Goldman Sachs partnership... endless carrot, lots of stick.

Can't we make communities and their rewards simpler?

Have a community entry pass NFT.

Sub-divide the community with NFT's to allow like minded people to collaborate and then once there is utility, you can have a utility/social/community token for broader network effects.

Serums and all that stuff just make it feel like a money flywheel and not a community.

I am happy to invest in projects that have long term potential but this stuff is a distraction to most.

To be open: I own #BAYC and projects like $Ape @jenkinsthevalet @ApeInProd etc as I think they have a chance of doing something very big, I own @rektguyNFT, Damian Hirst's #thecurrency, #mfers, @XCOPYART, @OnChainMonkey #affemitwaffe, @punk6529's memes and the RV Genesis NFT.

I do think the space needs to re-innovate and simplify, or as @CozomoMedici thinks, maybe the art market is in fact easier for investors. You just buy it and own it.

Let's see the next iterations but hoop-jumping days are near an end in my opinion. It is just too much.