Sabitlenmiş Tweet
Linked
144 posts
Linked
@LinkedStudios_
A Place For Everyone And Anyone. https://t.co/aH0Ob7djNj
Now Building. Katılım Ağustos 2022
1 Takip Edilen4K Takipçiler
@thehat2k5 @SlorgoftheSlugs empires are not built with money hungry incentives, rather strength through numbers
our time will come to have our own NFT & you bet it’s no ordinary route we will be taking
much love <3
English
@SlorgoftheSlugs Preach! The only community I'm in that feels like a real community (@LinkedCo ) doesn't even have an NFT yet. I hope the way the nft structure is designed, eventually if ever, avoids the pitfalls of the status quo that you have laid out so succinctly. Bravo!
English
The NFT space was built on a foundation of sand.
And now, everything we’ve built is crumbling:
1⃣ Absent Communities
Each project has thousands of holders, yet the overwhelming majority of them are never seen.
People are frugal with their time and attention. In each Discord server, which is the beating heart of any NFT community, there are rarely more than a few dozen people participating in the chat.
Most holders are simply spectators watching from the sidelines. For something that is supposed to be a community — it is only a community for the minority.
Most see flipping these projects as a source of income. This means they are quick to dispose of their membership token whenever they feel the price has peaked, or is likely to go down.
Meanwhile, everyone's hopes and dreams are pinned on a singular person — the front-man. This not only creates a diffusion of responsibility effect, but also a slew of unsustainable practices & expectations.
The amount of strain this puts on your average founder is unfathomable to someone who has never launched a project.
Early on, this dynamic may have been useful for us, beneficial even. It allowed us to attract a large initial cohort of people to get more eyes on Solana.
But as time passes, we need to mature — and what maturity means is moving away from this model to create more stable opportunities. Perhaps the gains won't be as drastic, but they can be more reliable. That is, if we intend for this to become an actual functioning society of sorts.
The value system of NFTs has historically been misaligned, but we accepted it because people were making careers from trading. Now that is no longer possible, and we need to re-examine all of our core assumptions because what we’re doing now is clearly not working.
2⃣ Whales in Control
Projects become beholden to their "whale" investors, who hold all the leverage because they can compromise the floor at any given time.
And since floor price is the metric we focus on, we orient our behaviors around it. NFT projects then compete for these whales and try to pull as many as possible under their banners, putting the project into an increasingly vulnerable position.
The dominant strategy becomes one of infinite upward growth at any cost, and we are now witnessing the consequences of such a strategy play out.
The hierarchy of these communities is not based on value or merit, but something much more fickle — how many you can purchase. Your direct reward is correlated with this, and now you no longer have to touch the project again. You don't need to know its people, or take part in its culture.
Allowing people to climb to the top of the hierarchy in this way is toxic.
You can sit passively, distanced on the side, waiting for your exit. Whales accrue a disproportionate amount of the benefits that the active members generate for the project. And that is who these projects capitulate to — these supply sponges. All because of our golden metric.
And now founders have to weigh this into their calculus, and base so much of the project's energy and time focusing on attracting and satiating these people. Why do we put our communities in such a vulnerable position?
Instead of a store of value, which is subject to horrific levels of volatility, what if NFTs reflected the values of the underlying organization and its network instead?
3⃣ The 'Guilded' Age
There will always be speculation in this space, there's no getting around that.
But the future of functional NFT projects will likely take 2 forms. You have to realize that organizations are useful because either they produce something(a company) or possess connections and expertise(guilds).
As much as we'd like to believe it, most projects don't resemble either.
The PFP is a nonsensical as a store of value. But it does make a perfect vehicle for a social organization.
It is front facing, displays membership, and signals one's values. But up to this point everything has served to give people the impression that the NFT itself possesses the value - staking, raffles, art upgrades.
What if we changed our approach to how we structure these groups with an example from history?
The answer is Guilds.
Imagine if you were a budding blacksmith. Joining a guild meant you would have access to a network of experts, including their knowledge and connections.
The guild would help you along your journey, and once you were of a sufficient size, you would then give back what you could. You could take on jobs, assist other members, or help to educate the new fledglings — just like you once were.
Even modern gaming leverages guilds. There's a hierarchy, they help each other skill-up, and sometimes provide financial opportunities. Good guilds get recognized, and you actually have to provide value within the guild to gain value within it.
It is in this way that the actual value of the organization is backed by something tangible, and can scale indefinitely without sharp downward cascades due to speculation.
A much more functional alignment. People gathering around something they innately enjoy, where they can make money without having to play hot potato with their membership pass itself.
Value is created by investing in people, instead of investing in the NFT membership symbol itself.
And once things change, we will wonder why we put up with so much dysfunction in the first place.
English
@DoonhamerNFT @0xbiniu boy you are not managing anything, back to work. 😭
English
Peters 7D Black Market Recap 👇
Your one & only Black Market you need
Peter Welcomes you - Discord.gg/Linked
English
@CodyNFTs @NFT_together @0xMubeen @BoDoggosNFT @nodemonkes BoDoggos is not live on Atlas, therefore the black market we provide tends to outperform!
English
English
@cryptosurgeon_1 @ClassyGranty @0xMubeen We had an issue with our previous form process, we’d be glad to have you back with access given immediately 🤝❤️
English
@ClassyGranty @0xMubeen @LinkedCo I was in there but never got allocated any role.. despite being there for months... got bored
English
Truly stoked to be working with @LinkedCo and embarking on a new journey for the community, team and my position in the Web3 space.
With such an incredibly passionate, and ambitious community, I am optimistic for the quality work that will be cooked up in there 🫡
stay tuned☑️
English
@skriver01 @eanne_27 @LinkedCo . Community without alterior motives. It’s not a failing NFT project that needs to be propped up with “community”. It’s actually just people talking to people and helping each other capitalize off of this giant scam we call NFT’s ❤️
English
English
.@TheFracture_ x @LinkedDao
Giveaway - 1x SolGod 🎉
- Follow @hexbtc @TheFracture_ @LinkedDao
- Like + RT + comment
24 hours.
English
