Abstract | Vietnam 🇻🇳

Abstract Mainnet. Coming January 2025.

Since you guys keep QTing this post, I'll address some points here: - We made slight adjustments to the XP given to top NFT collections (by onchain activity, volume, market cap). We updated the calculation for many of the longtail collections because we received many reports of people mass holding super cheap NFTs to farm large amounts of XP. NFT projects that are no longer active were diluting the rewards for active NFT builders - this is not the behavior we want. - We will introduce a more dynamic system for NFT holdings designed to reward the most active collections starting next week. This system will adjust week by week and look at trading volume + onchain activity + overall ecosystem participation (ex. building interesting apps with your IP). - For memecoin holdings, we were basing the XP given based off of inflated trading volume and price data. A lot of this was done to soften the blow from the steep price decreases seen throughout crypto since October. We have since updated our internal values to be up to date which resulted in a decrease in memecoin XP. Starting next week, we will ramp up the XP given to memecoin teams actively building their IP and growing their holder base. - As communicated to our app builders previously, there will be an influx of XP given to teams creating onchain usecases, onboarding new users to Abstract, and building innovative mechanics. Several of these teams will be launching new apps and mechanics in the coming weeks. - We originally didn't want to change the calculation for holdings too much, which is why I tweeted the below tweet 3 weeks ago. However, after doing a deep dive into the XP distributed to inactive projects as well as going through the reports our community had flagged to us about XP abuse, we had to make changes to better reward those that are still active onchain participants in the ecosystem.

We have always taken a longterm approach to building Abstract. There have been numerous opportunities over the last 2 years for us to take shortcuts and pump up vanity metrics to appease critics. It's actually much easier than you might think it is. But we instead decided to build our ecosystem organically and work with teams that also want to build sustaining products that can achieve strong PMF. Most of the teams that came to quickly extract have either left or shut down at this point. In an ideal world, teams would have their exact plans perfect on day one. But that has never happened in the history of product building. The best thing you can do is learn and adapt your actions based on the feedback and demand you get. So we'll continue to do that as we grow our products and ecosystem. I'm incredibly excited for what's to come for Abstract.

We have always taken a longterm approach to building Abstract. There have been numerous opportunities over the last 2 years for us to take shortcuts and pump up vanity metrics to appease critics. It's actually much easier than you might think it is. But we instead decided to build our ecosystem organically and work with teams that also want to build sustaining products that can achieve strong PMF. Most of the teams that came to quickly extract have either left or shut down at this point. In an ideal world, teams would have their exact plans perfect on day one. But that has never happened in the history of product building. The best thing you can do is learn and adapt your actions based on the feedback and demand you get. So we'll continue to do that as we grow our products and ecosystem. I'm incredibly excited for what's to come for Abstract.