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https://warpcast.com/~/channel/ted
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ted (not lasso)
@ted
X post from @flynn.eth, who may know more about airdrops than anyone else in the space. change my mind: current one-click mint frames are just airdrops, not value drivers. their distribution is just another flavor of TVL, not LTV. and if airdrops don’t “work”, why should we expect one-click mint frames to?
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derek
@derek
The rhetoric on both sides entirely depends on the definition of "work". Same applies to CTM frames.
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ted (not lasso)
@ted
tried to imply “work” means value drivers and LTV, vs vanity metrics. seen way too many projects think they have something good because of airdrop / mint farmers, and are surprised when there isn’t sustained traction. what do you think “work” means? also ps remember BLUR? lol
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@worm.eth
Blur is an example of a great airdrop. They used tokens to completely steamroll the incumbent that refused to launch a token. Now they are reactivating that user base to launch their L2. Even $BLUR itself is only down ~23% in the past year, which is remarkable. OpenSea equity has taken a much larger haircut, I'm sure.
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derek
@derek
Again, it depends on definition of work. There are certainly benefits to airdrops (and depending on your definition of work, $BLUR *is* successful there), but I also wouldn't say that BLUR "steamrolled" OpenSea.
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ted (not lasso)
@ted
agree with @derek equating the price of $BLUR (as if crypto token price is driven by much more than speculation) to the success of the company and its business model is misguided at best and dangerous at worst.
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@worm.eth
pre blur, opensea had ~90% of nft trading. now blur has ~60%. you don't think that is a sign of dominance?
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