red

The @asph0d37 public playtest will open on Friday, May 15th at approximately 4PM UTC. It will run for 1 week, and will be free and open to everyone. It will take place on the Sepolia testnet. There will be an in-game reward for all players who successfully complete the playtest and survive the Festival of Consecration. This reward will follow you to mainnet and to @kamigotchiworld. There will also be $3333 USDC in incentives available, split between in-game rewards and a content competition. If you want to compete for these rewards, start early! Full documentation and details will be available closer to launch.

@0xl3th3 yes!

i think i should write a 2021-style Asphodel whitepaper. to be clear, i mean a whitepaper in defi terms - so a Gitbook covering the big picture and economics, not an actual academic paper. but would you read it?

INITIATE Hackathon Demo Day & Results x.com/i/broadcasts/1…

The @initia 1st Anniversary Trading Event is live. Whitelisted users can trade on Strat and earn from a $10,000 pool, distributed first come, first served. The event runs until May 26, or until the pool is fully depleted. ↓

Gm. We've been upgrading Yominet this week. The @initia reactor upgrade is now in place and @kamigotchiworld should be even faster and smoother than before! If you haven't played in a while, check it out.

check out the kami guide from @BirthdayBoi 👇

How does Kamigotchi fit into Asphodel? A bunch of people have DMed me to ask about this since we announced the project, and I figure it's worth taking time to explain how this will work. We're now working on two games simultaneously. @asph0d37 and @kamigotchiworld. Crypto users distrust this situation. Why? Because they expect us to neglect or abandon the older project. They are justified to do so - this is usually what happens in this situation. But the truth is, Asphodel has been around longer than Kamigotchi has. The first Asphodel playtest actually dropped before Kamigotchi did - in late 2022. We announced Kamigotchi on the account used for that playtest - @asphodel_os - at the start of 2023. x.com/asphodel_os/st… Yep. A vending machine sitting in a trashyard. Asphodel was always supposed to live on Ethereum, because I want it to live forever. And I don't really believe any chain other than Ethereum is future-proof. But it became kinda obvious that Eth wasn't quite ready for people to build games, especially not if they were built to last. The fee environment and ecosystem both had big problems. We knew it wasn't ready to go to market. So I knew the only way to work on onchain games, for the time being, was to build on an L2. It didn't feel right to build Asphodel on an L2, though - so we decided to build a game designed to run on an L2 rather than the L1. That was Kamigotchi. From there we put Asphodel down for a full three years. We accepted we wouldn't be able to come back to it for a long time. The twitters went silent. We left the art and code in storage. So why work on it now? Two reasons. One, because Eth is finally almost ready for people to build games. To be blunt, I decided in 2022 to dedicate my life to building immortal games on Eth. Everything else is a stepping stone to that. If it's finally possible, I'm there. Two, because Kamigotchi simply isn't acquiring enough users on its own to survive, and it deserves to grow way bigger than it is. Passion aside, the second point here was the decider. We built the largest and most complex fully onchain game that's ever existed; it has a small, but very dedicated fanbase. And unfortunately, due to being on our own appchain, it just hasn't reached enough people. We knew we had to go to another ecosystem. At first I considered migrating Kamigotchi - but this would sacrifice most of our income potential from the game (gas fees). And to be honest, I'm a little attached to Yominet. So I started to think, around January - what if we go back to Ethereum? What if instead of migrating Kamigotchi, we re-activate Asphodel? What if we just start building early parts of Asphodel now, and use them to drive people into Kamigotchi? It made the most sense to me of all our options - we'd kill two birds in one stone. We finally get to go back to the game we paused, and we give Kamigotchi the channel for new user onboarding it needs. So, for the moment, we're working on releasing the Asphodel Prologue - a first, self-contained part of Asphodel, designed to sit at the top of the funnel and feed users into Kamigotchi later. So what happens to Kamigotchi? It develops in parallel with Asphodel and they feed off each other. You can think of Asphodel as our ecosystem-level brand. The game studio behind @kamigotchiworld has always been Asphodel Studios. In that sense, Kamigotchi is already a part of Asphodel. This is a shared world. They obviously share lore if you're paying attention - and the assets from one game will eventually be usable in the other. To be more specific: The Kamigotchi NFTs will be fully playable characters in Asphodel itself. However, they *won't* be playable in the Prologue. The Prologue is entirely self-contained and built around $ONYX; 90% of all funds spent in the game go into player reward pools. The economics only work if every player individually "buys in" by minting in $ONYX. It literally would not work if we allowed external characters to enter. Once the Prologue is finished, we'll be working on what we're internally calling "Dungeon Mode", in which Kami will be playable. You'll be able to bridge them over to Eth mainnet, and they will have a place in-game. They will always have a place in Asphodel. After that, we're unsure if we'll focus on expanding Kamigotchi with a faction system and in-game construction, or whether we'll see more demand for a new game mode in Asphodel. I don't really know which will be more popular. What I do know is if we're not actively updating Kamigotchi world with new features, people will expect more Kamigotchi integrations in Asphodel. We're planning around that. Longer term, there's a lot of features and mechanics we can still only do on Yominet. It's going to be years before Eth is at the point where Kami could fully merge into Asphodel. I expect that Kamigotchi on Yominet will be getting updates for a while - there's only so much we can do on Eth mainnet right now. Ok. What now? I'll be posting more details daily. Expect the Asphodel playtest to open in "about 10 days", and expect mainnet before the end of the month. Updates on the new Kami content and the upcoming event will also drop soon :) Thanks for reading my very long post. TLDR; They're part of the same overall game, Kami have a place in Asphodel, consider them parts of the same project. They move forward together.

@0xMista @MetaDAOProject congrats mista

I'm joining @MetaDAOProject to save the entire industry. Crypto is in a really tough spot right now. Some of my friends are pivoting to AI, altcoins are getting cooked, millions of tokens have launched with 99% of them down 99%, and everyone is saying it’s over. It's hard to blame them 😄Low float high FDV launches, founders selling their bags OTC, teams quiet quitting after raising millions. The standard playbook that has lasted for years extracts from retail instead of building real businesses. MetaDAO is the only structural answer I’ve seen. It provides the guardrails that make tokens sustainable. I truly believe it is our only hope for making this industry worth staying in. The last year at @zenith256 has genuinely been one of the best of my career. I wasn't looking to leave. When I met the MetaDAO team at @mtndao this year, it was the first time in a while a project made me feel like we were moving in the right direction as an industry. So when @metanallok reached out, I knew I had to at least listen. If you're a founder building something real and want to fundraise, my DMs are open. Let's talk 😄

@0xl3th3 @asph0d37 cant wait for playtest 🫡

gmmm, happy monday this week: building here's a first look at the @asph0d37 battle UX on mobile more soon.

|| HEARING with Lethe from Kamigotchi World/Asphodel x.com/i/broadcasts/1…

stan and I, the team, and investors all solely have upside in the token, which we've all voluntarily decided to push back receiving by another year we spent the last few years building really good infrastructure, unfortunately the market we were targeting vaporized (article on year 1 later) but we're starting to crawl now (IUSD growth, @TradeOnStrat, 2-3 more products soon) and have a plan to help initia and INIT win the benefit of having a small set of close investors is their willingness to bet on you again and again. grateful for all our angels, @Theoryvc, @yzilabs, @Delphi_Digital, @hack_vc, @Figment_io, @BigBrainVC, a_capital, and @nascent im glad they are init 2 winit

Sometimes great decisions begin with a conversation you almost didn't take. I joined Initia in August 2025, right after closing a previous chapter and while I was still figuring out what I wanted next. Initia was the first team I spoke to. At the time, I was mainly exploring marketing opportunities, but the open role here was community. On paper, it may not have looked like the obvious next move. A friend recommended me, and something about it felt worth exploring, so I said yes. Before joining, I ended up speaking with much of the team, and I quickly knew these were the kind of people I wanted to build with. From day one, the community made it easy to show up. Pillars, moderators, longtime members, new users, builders, everyone brought energy. Onboarding people, running campaigns, listening to feedback, helping shape a space where people genuinely cared about what was being built, that part I loved. Over time, the role evolved too. What started with a community role grew into IRL events, ecosystem campaigns, and now much of the day-to-day marketing as well. Some highlights from the ride: • Planning Korea Blockchain Week activations even though I couldn't make it to Seoul on time • The Nothing in Your Way campaign, launch of the new App, Wallet, and Scan • Watching the Reactor upgrade series making Appchains 500% faster and with 75% lower latency • Apps generating real only-possible-on-appchain revenue • Travelling to Argentina, speaking to builders, organising the coffee truck and gaming event, and building regional presence with the LATAM community • Seeing iUSD launch and gain traction • Organising the Initiate Hackathon that got 92 BUIDL submissions But the real highlight has always been the people. People who care deeply. People who stay resilient through hard markets. People who continue showing up to build. There’s still a lot of work ahead, and everyone across the team and community knows that. But the foundation is real, and that shared conviction keeps us pushing forward every day. Grateful for the ride so far. Onward and Upward! Happy 1 year, Initia 🫶

One year ago, Initia launched its mainnet. And then 6 months later, I became someone's mom. I'm not sure which one I was less prepared for, honestly. The crypto industry had a year. Bitcoin crossed $100k, then $126k, then gave a lot of it back in October. Polymarket and Kalshi turned prediction markets into something your aunt asks you about at dinner. Stablecoins quietly became the main character. The GENIUS Act passed. AI ate every pitch deck. Builders stopped chasing narratives and started asking what users actually need. It was a lot. I watched most of it on my phone at 3am while feeding a baby. The day I gave birth was also the day I had to burn VIPP on Kamigotchi. So, still dizzy from the anesthesia, I opened my laptop and got it done. That's roughly how committed I've been to this chain. Initia had a year too. We launched. We made mistakes. We owned them in public, fixed them in public, and shipped something better on the other side. We watched rollups thrive and some quietly wind down. We shipped Reactor in December, which dropped block times from 500ms to 100ms and gave appchains fast and secure interop without making them choose. The chain we have now is not the chain we launched. That's the point. Year one had bright moments and rough ones. The rough ones taught us more, which is annoying but apparently how it works. (Same goes for parenting, I'm learning.) Year two has already started. Strat went live. iUSD is live. 34 new projects came out of the hackathon. Traders are actually making money on Strat's competition. The pipeline is fuller than it's ever been. Somewhere in there is the killer app that ends up being the reason people show up to Initia, and finding it, helping it grow, and getting out of its way is basically the whole job for the next twelve months. Onto year two. 🤍

hbd @initia i joined Initia 6 months ago, and honestly it has been one of the most challenging but rewarding stretches i’ve had so far. one of the best parts has been getting to work with a team that’s sharp, focused, and actually fun to build with. i’ve also really appreciated the community around Initia. even through a brutal market, people have kept showing up, supporting the apps, sharing ideas, and believing in where this is headed. that has been very motivating to see up close, and hopefully i get the chance to meet more of you in person one day. a big part of what i’ve been working on is helping grow the apps in the ecosystem and get more users into them. working closely with different appchain teams has made it very clear that building great products is only one part of the job. getting the right users to try them and come back is another beast, and it is something i’ll continue working on every day. helping teams figure that out has been one of the most challenging and exciting parts of the journey so far. working with current app teams, while also pitching the thesis to teams building elsewhere, has made the appchain thesis click even more for me. a lot of teams are already doing the hard work of building products, acquiring users, and creating real value, but still do not fully think about how much of that value leaks to someone else’s stack. in a world where revenue is already hard to come by, why let that happen? over time, i truly believe the best apps will become their own chains. with apps already live, recent launches like Strat and iUSD, and a strong pipeline of new apps and ideas still to come, i’m confident we will play a big role in making that happen. here’s to year 2.

1/ Today marks 1 year since Initia mainnet went live. To the builders who launched appchains, the users using them, the creators who told the story, the investors who backed it, and the community pillars who kept showing up: thank you. ↓

What is your Hard Asset Strat? Trade $XAU, $XAG, & $USOIL on Strat with the highest PnLs over the next two weeks winning $5,000 in gold and silver bars! The 50-user private alpha competition starts now, apply below to join.

there’s global access to US equities but very little US access to global equities @chaebolize has been working on this with @TradeOnStrat which launches soon!

Cabal iUSD hit its cap. So we doubled it to $2.5M. Earn 20% on your stables before our cap fills again 👇

The best stablecoin is one that earns. 4 iUSD opportunities to earn above market rates (in this economy). Yield 🧵 ↓