Mevs | ∑:

Gotta say sorry to Monad: I FUDed it after the launch for failing to attract TVL, dapps, and users, especially after such a hyped TGE. I also thought MegaETH’s successful launch would put even more pressure on Monad. Yet MegaETH’s slow growth is a redemption for Monad. It’s fair play for both when the market rebounds. I also think Monad could explore more incentive campaigns. Especially because MegaETH’s points campaign should launch soonish too.

Gotta say sorry to Monad: I FUDed it after the launch for failing to attract TVL, dapps, and users, especially after such a hyped TGE. I also thought MegaETH’s successful launch would put even more pressure on Monad. Yet MegaETH’s slow growth is a redemption for Monad. It’s fair play for both when the market rebounds. I also think Monad could explore more incentive campaigns. Especially because MegaETH’s points campaign should launch soonish too.

aspect of the design inseparable from the uneven rarities that drive speculative interest in the art and the art itself is generate by the process of it being purchased rendered into and transferred as a financially valued asset its odd to us that this aspect has been rejected and shied away from by generative nft artists in this space apparently ashamed of the inherent commercialization of their work we find this attitude demure and misguided and one that prevents real exploration of the medium because it ignores half the conceptual interest in a generative project large series generative nft do not necessarily need to follow the holy trinity of magic value creation theyve inadvertently stumbled into but they do because it produces genuine markets virtual scarcity induced by an artificial total on-chain supply variable scarcity induced by uneven rarity distributions o create variable scarcity underpriced (no-price discovery) sale on an unknown/lottery basis each of these elements together produce a market where buyers can get in at a low price have a chance to obtain highly rare nfts that can be worth more than their purchase virtual conditions similar to a collectable card game but innovative (and profitable) for its transparency and efficiency this is a novel financial sector that happens to share confluence with artists as the lead directors of what is realistically an investment asset it is only natural as artists we would want to experiment with and explore every element that underpinning this medium which means recognizing the power our design has to control and define a microcosmic financial market its an exciting opportunity the design decisions described in this document can be understood as motivated by this excitement on one hand and on the other by being in a position to intervention as aesthetes the last motivation driving the decision to make milady is that its not just easy to us its a lot of fun and were addicted to having fun an interesting unplanned development in generative nft projects is buyers using the works as profile pictures on online communities in retrospect this makes sense as the field operates almost entirely by word-of-mouth from digital networks unfortunately this is not something that most of the earlier generative nft projects have designed with in mind miladys were designed to be great profile pictures from the start with a higher vertical ratio so that a square crop will be a perfect zoom to convey emotional expressiveness while still retaining the space to show off full accessories and the scoring overlay the design of the accessories also intentionally lent high-value rarities to larger or more distinctly colored pieces with the intention that a valuable milady can be read as such even as a thumbnail this is also why an nft header add-in is planned as the gen 2 production to cement our recognition of the unique relationship between generative nfts and online spaces - perhaps as an early organic structure for ethereum based identities assets were carefully curated to ensure good outfits despite being randomly distributed the chain algorithm was also added to lend the generated works more aesthetic coherency something that seemed missing in earlier generative nft projects which followed more straight-forward rng a major motivating factor for this design was also the desire for relative value to be intuitive without knowing the meta of the milady market one can ascertain higher or lower value miladys at a glance by appraising their drip this is achieved understanding the direct relationship between rarity and secondary market value distribution rates were decided by first assessing each accessory by its drip making the highest drip accessories most rare and thus most valuable with milady maker we were interested in approaching the generative art space from an angle of sartorialism by using the milady as a template for fashion accessorization