My latest experiment... Motivation

Motivation is a memecoin-nft where whoever mints the most Motivation NFTs will get 50% of $MOTIVATION memecoin trading fees

Each mint gets you both the NFT + $MOTIVATION memecoin

Mint via frame, links below

https://www.netprotocol.app/app/banger/base/v2/0x1aCb566a2b2479e86A7D00b0D02f9F373786c22A?q=02254383448384223

The Motivation experiment has ended

It was a close race between @siman and @jdhorth until the last few min but Siman ultimately minted the most motivation NFTs

I'll send the $MOTIVATION memecoin trading fees out shortly

Congrats and I'll share some learnings below

Crypto this, crypto that, and crypto the other.

Protocol Engineer @ OpenSea. Creator of Net + the Together Collective NFT studio. Nothing I say/share is financial advice. netprotocol.app

While not a formal experiment, the conditions were well-suited for testing because:
1. The memecoin-nft's sole purposes was this incentive
2. I've launched many memecoin-nfts so there wouldn't be confounding "novelty"
3. I have an audience of degens following projects I create

What we learned is that most degens were not overwhelmingly interested in participating solely based on this incentive

This quick experiment will save me many hours of potential dev work I would've spent going deeper down this path

Quick validation can be very helpful when deciding what to prioritize with time-constrained (side) projects

Maybe I'll explore more fee-based incentives in the future

But for now, the focus remains on the core of BangerV3 (and transitively Net AI)

This experiment tested my hypothesis that degens could be significantly incentivized by being given memecoin trading fees for a token they didn't launch

I wanted to test this as I had a detailed product idea related to this and wanted to test on a small scale before building