Stephen | NFTfi

The NFT era is over. But Arcade isn't. After 4 years and ~$300M in loans originated, we're sunsetting NFT lending on Jan 30. But we're not going anywhere. Introducing Arcade Distribution Markets, a new type of prediction market. Live in beta on @Base. 🧵👇

Today @Astra__AI surpassed 1,000,000 users. 🚀 It took us more than a year and a half to reach our first 100,000 users. Then it took us half a year to reach half a million... We acquired the last 500 thousand users in just over a month. Next stop: 10M 💙

join me and @__MLO_ in 20 minutes talking with @ariastra and @stephen_yo right here on X → where's the intersection between social, reputation and lending ? → how does 1+1=3 with @NFTfi + @ethos_network

a north star vision for NFTStrategy and $PNKSTR tl;dr - every project needs a strategy. @token_works is building that foundation audits - audits are wrapping up, performed by @0xleastwood. there were no critical findings, but minor fixes and improvements have been applied to new deployments. we’ll publish notes soon and move to deploy new strategies imminently, that will inherit the patched templates by default. safety > speed, always. scheduled projects - starting monday, we’ll ship each of the next five strategies, once every 24 hours, to ensure every community has the spotlight to kick off their strategy. opening the platform - as soon as the next five strategies have launched, there will be five more strategies launching before the platform opens to the market. once these have launched, we'll be immediately moving into an auction-based approach for all new strategies on ethereum. daily auctions will run every 24 hours for new strategy tickers on the platform (ending in STR), along with immediate deployment onto the platform for the following day. mechanics will be purely market-based and procedural, and final details will be announced over the next week. ETH generated from the sale of each ticker / platform slot will be used to market purchase $PNKSTR and burn supply (80% of ETH generated) and distributed to the TokenWorks team for ongoing operation (20% of ETH generated). we believe this is the best way to onboard new strategies while deepening $PNKSTR's role in the platform, and allowing new strategies to breathe. we can and will revisit the timing / sequencing of new strategies with new information. new types of projects - we're grateful for an incredible list of new partners that have reached out about launching strategies with new use cases. some of these include launching NFT projects in tandem with strategies, ERC20 based strategies, and a number of different strategy projects on other chains. every project should have a strategy, and are working hard to bring this to life. as always, $PNKSTR will remain the ecosystem's north star asset. we're also looking to expand our team with the addition of an operations manager. if this is you, or you think you can add value to our team in other ways, please send a resume to inquire@token.works