gm enjoyoors⋆·˚ ༘ ⋆·˚ ༘
every day is like one year in consumer crypto i swear. I for one have been ironing the last few wrinkles of my brain on the new pairs tab of dexscreener. if you're in nyc next week for nft nyc you should invite me to your party. also we are announcing our sc07 cohort later this week so strap tf in !!!!!! many updates below.
xx c
Blackbird sold out an onchain breakfast club in under 24 hours. Hey just introduced creator licensed posts, giving Lens creators the ability to set terms on how social content is monetize and used. Daylight integrated Farcaster. Crypto: The Game is prepping for S2: Anon Island, where all players will mint NFTs for a spot in the game. Pods introduced Collector Feeds, so collectors now have their own personal RSS generated by their onchain collection. People can't seem to stop sending money to random presale memecoin addresses and Base memecoin season is on a tear.
Internet Explorers is a weekly rundown live stream where extremely online individuals broadly explore (romanticize, even) new consumer internet experiences.
Live & online Fridays at 10am PT / 1pm ET.
Bracket Game
Josh & Jess kicked off the show last week with the founders of Bracket.game, a new speculative sports game built around the idea of owning shares in fan collectives. Tim & John debuted their app with a focus on March Madness. How it works: you buy into teams that are playing in the tournament which gives you voting shares into the underlying fan collective. As more people invest, share prices rise on a bonding curve, with a 6% fee on trades contributing to a prize pool distributed based on team performance (30% of the pool will go to the winning team, 14% to the 2nd place team, etc). With $100k in volume from 700 participants within 24 hours, this team is on a mission to revolutionize sports fandom through crypto ownership and participation, and they expect further growth and engagement as the tournament progresses.
Over-intellectualizing as a service
We're dabbling in the over-intellectualization of memecoins because it aligns with our ethos of over-intellectualization. We've coined the term "scenecoins" for ventures like $enjoy, distinguishing them from traditional memecoins like $DOGE or $PEPE. While memecoins derive value from meme attention, scenecoins like $DEGEN and $ENJOY gain value from the collective investment and engagement within their respective communities, representing a shift towards coordinated scenes rather than singular memes. $ENJOY, for instance, functions as a scenecoin for enthusiasts of onchain media, rewarding contributions and attracting those interested in digital culture moving onchain.
12
Crypto as the next iteration of the attention economy
Li Jin put out a great post that expanded on her original piece "The Web3 Renaissance: A Golden Age for Content." The takeaways: Bill Gates's seminal 1996 essay anticipated the internet's potential for creators but also warned about the necessity of compensating them. Despite this foresight, creators struggle with meager earnings while a select few platforms dominate. Platforms and creators struggle to effectively monetize attention through imperfect methods like advertising, leaving untapped value from superfans and other monetization avenues.
Crypto offers a promising shift by reintroducing digital scarcity, offering a pathway to a more equitable distribution of wealth and control. Crypto represents the next evolution of the attention economy, addressing the shortcomings of web2's flawed attention economy model. It introduces "attention assets" such as memecoins, NFTs, and tokens, providing a more granular and efficient market to measure and capture attention's value in real time. Users invest in these assets, expressing their beliefs about future attention and interest accrual, creating a direct link between attention and economic value. Moreover, tokens can initiate attention, fostering speculative communities that cultivate organic interest over time, illustrating the transformative potential of crypto in reshaping the attention economy landscape.
Botto is making daos actually fun
Botto, an autonomous AI artist guided by human-voting feedback, recently raised $1.67M. Each week, Botto prompts its art model, selects the top 350 images using a taste model, and allows $BOTTO token holders to vote for the top image, which is then auctioned off, with proceeds divided among token holders and the DAO treasury. With over $4M in sales, including a Christie’s auction, Botto's success stems from its focus on creating a compelling DAO contributor product and concentrating collective efforts on producing high-quality art consistently. Essentially, Boto has turned participating in the DAO into a fun social consumer product, and using it earns you a rev share.
Watch the full episode:
We're hosting FarCon’s Welcome Party on a rooftop in Venice Beach on May 1st!!! A curated, multi-day experience, FarCon is designed to convene, connect, and celebrate the driving forces behind Farcaster's ecosystem. Get your pass.
You open the McDonalds app.
You initiate a transaction to bridge your McPoints to McDonalds layer 6 McChain that rolls up to Base.
You fall for a wallet drainer offering a free 20 piece chicken McNuggets. You lose everything.
@cherdougie @reka_eth @BobbyThakkar @adam__xyz @BeijingBoudreau
TestFlight Club is the best place on the internet to get high quality feedback from over 100 highly curated early adopters. Avoid the Airdrop hunters and get your pre-launch product in front of real humans who give real, valuable feedback. Submit your product here.
The core focus is to support founders with high-quality early usage, feedback, and insights. We’ve shared early looks at … Drakula, Quests, Crypto The Game, Seam, Revel, CoLinks, Sperm Game, newcoin, t2, Sona Stream, Daylight, Focus Tree, Receipts.xyz, DrawTheChart, Lore, Yup, Gallery, Revise, and more!
Want to join the Club? We're slowly opening the doors to new members.
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