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Coop
@coopahtroopa.eth
Miggles presents an interesting paradox for Base. Coinbase launches a new collection called Mr. Miggles with 70k mints from 42k unique wallets (and 11 ETH in sales). A very successful open edition. The news of a Coinbase-backed meme kickstarted an unofficial memecoin which ripped to 100M cap this week. (MIGGLES) I and many others here minted the Miggles open edition as a part of Onchain Summer + Smart Wallet. There is no value capture between the Miggles editions and the MIGGLES memecoin. Traders who DID NOT do the officially sponsored Miggles campaigns outperformed those who did. I find it hard to see a world where Coinbase/Base fully lean into promoting official memecoins - which begs the question, what happens next? 404s are an interesting alternative - but this would make the $0.60 mint price of the open edition much high if they editions appreciated in value as the token mooned. How does Base *endorse* the things that appreciate the most in value while staying true to the open edition meta?
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mikestjean
@mikestjean
I’m not sure Base should endorse things just because they appreciate more in value (is that what you’re asking?) … scalpers do better than people who ‘just buy tickets’, and black market versions of many things ‘out perform’ any legit / endorsed version… Thoughts ?
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ted (not lasso)
@ted
"Traders who DID NOT do the officially sponsored Miggles campaigns outperformed those who did." did all traders outperform? can't imagine every single trader made $ also can't imagine that everyone who minted a mr. miggles cares about making $. in fact, i think they care more about creators making $ vs themselves.
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agusti 🐘🔵
@bleu.eth
it's just an attention game. coinbase is base's elon.
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Passion
@passion
coinbase should fully lean in. why can't open editions just become 404s after the mind window ends?
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Nima Leo 💎🔵
@nimaleophotos.eth
I myslef created 4 remixes in 2 days, more are coming 😂
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weixiaobao
@weixiaobao
great
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Crypto 👑
@thegioicrypto
Is that really so?
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MullsOnChain Artist Ris
@risbrian
I like the success of Mr Maggles, but as an artist who registered for the base onchain summer and have been educating people about base… to not get many eyes on my art is frustrating… any help and/or advice is appreciated. Project: MullsOnBase Chain: @base Mint is LIVE! Regular Price: 0.025 ETH WL Price: 0.015 ETH Supply: 1000 Pieces Ethereum L2s will allow Artists a way to get their Art in front of new audiences! “Art Is The Utility” Mint Site: https://sites.props.app/u/9584bc1f-740e-4ac7-a4b1-6e383e93f3b8/mints/ca952be0-8058-44b1-8e98-bb5b103cce17?ref=0xbDeA7c0EE1f682025003e2F775ba1AE98E4801A5
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