Bramira

This is called "scarcity inflation". As people learn they're losing money on the product and leave, there is less demand for new drops. So in order to sell packs they cut new mint counts... but then every prior series held by existing collectors looks worse in comparison. This is how the second part happens- people lose money holding long term. I don't say this to dunk on anyone or make anyone feel bad for purchasing what they enjoy. But only because I care about collectors who are fans but that fandom was being taken advantage of, who are embarrassed at the money they've lost, and who need a better alternative.

@Bramira_X @LaLigaGolazos @NFLALLDAY @MLSQuest @UFCStrike @ToppsNFTs The ratio of people coming to extract far exceeded the number of people who actually value the collectible as something to actually keep/collect. This is why I’m so bullish on Topshot now that they have slashed mint counts so much. Not much room for extractors.

How did hundreds of thousands of users sign up for @LaLigaGolazos @NFLALLDAY @MLSQuest @UFCStrike @ToppsNFTs ...only for them to be shut down, lose licenses, or go dormant with you holding the bag? Is the whole concept of digital sports collectibles flawed? No. Those hundreds of thousands came for a few simple reasons: 1. EV+ packs: "If I buy this pack is there demand for what's in there?" 2. Value over time: "If I buy a quality collectible today, can I reasonably expect it to be worth more later?" But when users started realizing that the model for digital collectibles that currently exists could never retain either one of these, they left. They will be back only when they see the model that delivers on these promises. It's currently in private alpha testing.

When I set myself on correcting the economics of digital sports collectibles, the time came to design what they'd actually look like. And I remembered "Why would I pay for YouTube clips?" and I remembered "Right click, save. Now I own it too!" Were those people just dumb and didn't get what we did? No. The NFTs that tried first were poorly designed visually- they caused this misunderstanding. We just knew no other option. After a lot of work, professional graphic design help, and some first of it's kind code... we're really proud of this! Hope you like it too. Private alpha users testing now. Public beta soon. Follow @CornerstoneDS_X for updates #FutureOfFandom

Honestly I don't think they can. They're too constrained structurally: supply overhangs, license constraints, overhead, brand damage, VC demands. But I've been working with some great people to build one that solves these things at the core and it's really cool seeing it in action. It'll be available for open testing soon.

@Bramira_X Lol , but for real man. We need to tackle things with that exact approach. Its almost like everyone knows it too but idk why TS insists on doing things their way

@Bramira_X is not wrong

@WatchTheBreaks Such waste

@Bramira_X @LaLigaGolazos @NFLALLDAY @MLSQuest @UFCStrike @ToppsNFTs never forget: topps-on-wax rug pull

@Bramira_X @LaLigaGolazos @NFLALLDAY @MLSQuest @UFCStrike @ToppsNFTs 🎯

@Bramira_X @LaLigaGolazos @NFLALLDAY @MLSQuest @UFCStrike @ToppsNFTs Godspeed

@JAYMKTG 🤐

The most iconic shot of the NBA season. If top shot was designed intelligently, this moment would have the greatest demand and thus the scarcest supply of them all. Unfortunately, it will be the exact opposite, because someone who failed high school economics designed the system.

@paninibcboy Hahaha I gotta have a little fun with it

@Bramira_X @LaLigaGolazos @NFLALLDAY @MLSQuest @UFCStrike @ToppsNFTs Very mysterious lol

@HugeEgoSorry1 Great illustration. It's not accidental, it's systematic. Build a platform for years that rewards drop challenges, master challenges, set bottlenecks, team bottlenecks, flash challenges, cheapest at the tier for fast break... and we can't be surprised when no one buys for fandom

Since Game 1 of the WCF started until 30 minutes after the game, I counted 24 Wemby sales over $200 on #PaniniBC and 0 @NBATopShot debut sales. Not an apples to apples comparison, but it's clear people buy hot players on Panini.

38 million @NBATopShot moments. Collectors are down 97% in 5 years with failed copycats in its wake. Every platform floods supply to sell more packs. Your collection loses value every drop. Only one platform is different. It's the first model where time works for collectors, not against them. Early adopters are experiencing it in private alpha for free now.

@Plaposaur The problem is collectibles companies built their models to be mutually exclusive there: business revenue or holder value. There is a model that isn't mutually exclusive and I'm working to bring it to collectors.

Something I wish more founders would say out loud is that there's a fine line between building a successful company and keeping the community happy Those two things are not always aligned and ultimately people should want the company to succeed Think about Nike, Star Wars, Pokemon or your favourite brand/IP. None of these collectibles were instantly valuable and none of them had the primary goal on day 1 to make the collectibles valuable. George Lucas didn't go out and tell people to buy Star Wars collectibles because they'd be worth millions one day He pushed the IP and brand, and as more people wanted it, demand grew organically and prices followed I know the community wants to feel like you're working directly for them, but no company has ever been built entirely on secondary collectible value and succeeded long team If you trust the team and trust their track record, sometimes you have to let them build…of course with certain checks and balances to make sure incentives remain aligned in the long term. Being able to communicate what zone the project is in and having that mutual respect between team and community is everything

A friend of mine just committed suicide last night due to sports betting and losses.. just heard from his family I officially announce my retirement from this space. If you want to continue to follow me, I will be here. But if you follow me simply for bets alone, kindly unfollow me 🙏 Recommend everyone to stop as well cus that 1 win isn’t recovering all parlay losses.

NFTs today are video games in 1982: IP cash grabs with its customers laughed at as nerds living in their parents' basements. The studios producing them did such a terrible job at delivering what customers actually wanted that IP holders then assumed the whole concept was toxic and wanted to wash their hands of it altogether. The initial wave of NFT companies have failed you, I will be part of the second wave that fixes it. youtu.be/1ZgUcrR0K7I?t=…

I thought about this too! I know what they were trying to do: TS was in Series 2 and everyone wanted a 4k series 1 debut, no one wanted the 60k series 2s they were trying to sell. So with AD the strategy was to flip it so there's a lot of series 1 debuts to sell to people who want those and they'd make the series 2+ super scarce to create value there. In hindsight I think it spread demand too thin to make anything look valuable.

@Bramira_X Was doomed from the start with their greedy 10k mint debuts

I don't want to dunk on Dapper. All Day tried some really innovative things and their former GM Noah was still one of my favorite minds in the space... I warned many times about the economic flaws in the product design, but today I just feel bad for the collectors 🙏