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Hellllo wassers and future wassers to be! First off we want to wish you all a very very happy new year. I’m sure 2023 has been an absolute rollercoaster of a year for everyone reading this, so instead of wishing everyone a happy 2024, we will instead wish you all a 2024 full of… peace and slowly shifting tranquillity. Now, without further ado, it’s time for the big ByWassie new year announcements!
So, what’s happening?
ByWassies is realigning focus in a pretty dramatic way.
We are launching a studio. ByWassies studio. Now, It’s not a venture fund, it’s not a launchpad, it’s not a holder equity DAO. I’ve been struggling for a while to find the right term to describe this concept and honestly, it will come to us, so for now, call it a horde of Wassies. Or A Wassie Cabal.
The goals of this studio are twofold. The first one, which is a nice and simple goal, is to offer projects that want to get wassified a wide breadth of resources to help attain that goal. Be it artwork, lore, content, contests or more. Over the past few months we’ve seen an inflow of projects looking for these services, and we view it as heavily beneficial to the overall ecosystem to help bring over some brothers from the corporate drab of default slack PFPs to a new wassified future.
The second goal of the studio, however, is the one that will change everything. But before that, a bit of world building.
Now, The VC model isn’t broken, it just isn’t as suited to an environment like crypto as it should be. A lot of attempts to raise in crypto are not even raised, just.. distribution methods. It’s… not fair. We aren’t looking to fix VC, but instead offer a more democratic (if you’re a wassie) alternative.
We have an incredibly diverse and unique set of holders, ranging from NFT fanatics to onchain degens to VCs to perp traders. Now, as crypto turns from winter to summer, more and more projects will be doing cool stuff onchain. Even the concept of venture in crypto itself is shifting, as more and more funds are starting to realize that decent private raises are becoming harder and harder to come by, and the quick ability for projects protocols to deploy (for relatively cheap) in crypto with little cost and immediate revenue has led to lots of projects choosing to eschew the private funding routes altogether. Crypto is evolving into the onchain driven supercomputer fantasy we had many years ago, and we want to make sure Wassies are involved with as much on the ground as possible. Ultimately, everyone loves Wassies. They’re super cute, awesome and fun to murder. Now, projects will be able to collaborate and explore with them, because Wassies…generally make everything in life better.
So, the second goal of ByWassies studios is to work with as many new interesting and exciting crypto projects as possible in a symbiotic relationship where we help them access the diversified beauty of the ByWassies holder base, and in return, they can work with us in helping activate and align with this amazing group of individuals. Eventually, this scales into projects working with wassie holders without any interaction with the ByWassies team even being required. Our goal is to be the first of many stewards who help realize and identify the immense value behind such an awesome holder base.
Now, back to the VC part. So, this clearly isn’t a VC. BUT we intend to team up with and collaborate with various venture capital funds in the space as a “Wassie Add” (value add! get it! haha!) that the funds can offer projects they are interested in investing in (hey, let us invest and we can offer you this cool perk no one else can). We’ve initiated a few conversations already but do not want to become committed to any singular fund or firm (our goal as always is hyper mass wassification, hard to go that on one ship) so feel free to reach out! x.com/loomdart
tl;dr: we are focusing on being a steward for the most valuable onchain list of people in crypto. The Wassie Cabal.
So, what next? Well…
Well, our first experiment!
Token time! launch! Pump it loomdart token (PILL), launching on Blast!
….when Blast goes live! (yes this is a preannouncement for a coin launching on a preannounced chain, wagami)
Why?
We want Wassies to have fun things to do on new cool crypto products. So why not offer Wassies something amazing on a brand new chain to keep them busy! But mostly, It’s an experiment. There are some fucking awesome parts of NFT technology. The one that interests us the most is the fact you have a horde of people easily identifiable onchain. You can do alot with these people, and we want to show/explore not tell.
We are testing a distribution method we will be using as one of the value adds of the ByWassies community. We… don’t know if this will work. But it's a really cool system and we are willing to try it out because Wassies are gonna do cool shit onchain and uh… need to figure out how to do it best. This is especially true for launches and initial distributions, which more and more are coming to realize can truly make or break a project. Experiment goes well, we can put it in our repertoire of tooling. and finally.. shitcoins are fun. and pump it loomdart IS one of the most OG crypto memes out there.
What is it?
Pump it loomdart! A crypto native meme born out of the 2016 era of shitcoinery, where everyone and their uncle was creating fake testimonials for shitcoins. The pump it loomdart script was born out of a desire to… create a fake testimonial about a person. Alas, when loomdart actually started writing the script, he realized how incredibly cringe that was, and instead awkwardly put together 100 words to fill the 100 word quota. Thus the pump it loomdart script was born!
distro (These numbers while not final are roughly accurate, but are subject to changes ):
The majority of token supply goes to WassiesByWassies holders (80%).
50% of the total is allocated in the initial snapshot. For this snapshot, each wassie holder gets a proportionate amount of tokens equal to their wassie holdings. 1x per wassie, 1.5x per outcast, 3x per couch, 5x per goldenloomlock nft. This snapshot was taken on BLOCK 18914926.
The remainder will be allocated on the day of the 2nd snapshot (roughly a week before the launch of Blast) to Wassies (30%) Pudgy Penguins (5%), blast bridgers (10%) and participants in our various prelaunch meme competitions (4%) and loomdart friendtech key holders / CFN betters (1%)
NewWass bonus:
Any existing address with sufficient transaction history (We will be checking to make sure you're a real person, google form coming soon) that becomes a new Wassies ByWassies NFT holder before the date of the 2nd snapshot will receive a 40% bonus in PILL. This will follow the same multiplier standard as the first snapshot, Wassies 1x Outcasts 1.5x Couches 3x, goldenloomlocknft holders 5x.
(applicable to only one Wassie per address)
Disclaimer: on the very dirt that I stand on as I write this out if you try to sybil this we will make it our life mission to ensure your addresses are blacklisted from EVERYTHING and ANYTHING anyone ever does onchain. Don’t try it. We will be deploying a plethora of tooling to detect people sybilling this functionality, from AI to metaverse agents to an army of (fairly paid and legal in their jurisdiction) on-chain detectives.
Meme contests: 4% of token supply will be allocated towards various meme contests (these will be 100% allocated finalised and distributed before token launch). The meme contests will broadly cover four categories:
pump it loomdart music remix!
pump it loomdart gif/sticker competition!
still image meme competition!
any content that doesn’t fit into the above listed categories competition!
More on these competitions coming next week.
Non-participation:
Some team adjacent wallets that control roughly 3000 WassiesByWassies NFTs will be removed from the PILL token distributions. These Wassies will have a role to play in the wars to come, however, that role is not now.
Final tidbit on Blast investment:
ByWassies had an angel check investment into Blast. The core purpose of this investment was, as is with all investments, to make money for the company. The second purpose was, as is very often the situation with VC, to flex. Good allo is hard to come by, and us showing off the fact we can acquire such allo (even in such a bizarre experimentative state as we are currently in) is a flex. That’s right boys, we’re not a VC, but we can all now collectively play the VC dating game.
Final words:
It’s been an insane two years. We’ve done a lot of different stuff, and we intend to do a lot of different stuff. However, we now have our core core objective and focus. I’ve rewritten this damn thing so many times now I kind of gave up and threw some stuff together, but it should hopefully communicate pretty clearly our core objective of helping build the most crypto native concept of an nft project imaginable. There’ll be A LOT more in the coming weeks, honestly, this post is less of an announcement and more a… lightpost to get some open discussion going on around this entire concept. As always, thank you all for sticking by us on this wild journey, and a big thank you to all the wonderful members of the ByWassies team, it’s been a fun ride so far and there’s so much more to come, we love you all, and here is to an amazing 2024!
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