jesse.base.eth 🔵 on Warpcast

Content pfp

0 reply

18 recasts

21 reactions

🌈 YON pfp

what does $GDUPI need in order to grow? how are you trying to make your token (wether it's clanker, zora, rainbow, or whatever platform you used to deploy) relevant and successful in the long term? genuinely asking — i'm trying to figure this out myself. the most common answer is "post content every day", but the truth is that it's not that simple/enough. not even consistent high-quality visuals translate to high engagement or strong response either. a lot of people agree that gdupi is funny, original, beautiful, and of course, completely redacted — it has everything it needs to be a successful meme. but what can i (or we) do to make it better? how can we reflect its authenticity not just in the charts, but also in the community we're building around it?

9 replies

4 recasts

74 reactions

jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

1/ my 2c here is *for most coins* (e.g. $GDUPI), you need a sustainable source of demand and consumer friendly feedback loops + experiences to drive that demand. without that, you're relying on a very leaky bucket of attention -> ?? -> demand, which (as you're experiencing), is not a ... reliable source. while that might work for some coins, i am unconvinced it's long term sustainable. historically, I think the primary way that people have been able to generate this demand is to build *experiences or apps* that either consume the token (e.g. pay $GDPUI to do Y) or charge fees for an experience that you then the project then uses to buy/burn/dividend the token (e.g. pay $ to do Y, take $ and buy/burn $GDUPI). this has been the strategy for many apps (e.g. AAVE does buybacks) as well as memecoins (e.g. $TRUMP doing dinner). this strategy can be sound — but it requires you to either build apps or other experiences (e.g. dinner, swag, whatever). for many creatives, i'm unconvinced that's desirable / good!

2 replies

3 recasts

23 reactions

jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

2/ so then, the *big* question is: is there another model that could let creatives do what they love (e.g. create more content, art, whatever) and *still* have that same source of demand for their underlying asset with a consumer friendly entry point. in other words, how do you turn attention that content captures into a reliable source of demand for your token ($GDUPI). unfortunately, I think this is still an unsolved problem: but I *do* think it's possible to solve. putting aside the specific mechanics, imagine if you could: 1. create content 2. when that content gets attention and people engage (e.g. like, collect) that drives demand back to your underlying token the more content you create, the more attention you get, the more demand you drive. at its core, this is the endgame that @zora is trying to solve. and while I don't think the current product fully does it, I think they are an iteration or two away. the key will be closing the feedback loop, then building enough attention to make it spin fast.

10 replies

1 recast

21 reactions

g0hst pfp

I think you’re right, experiences or apps lead to some level of sustained attention, where coins fit into a specific arc in cryptos history and then fade. The owner has to constantly look for ways to demand that attention or risk the way of $BDE and just die slowly. This is why Empire Builder is crucial for growth and closing feedback loops. Plus it’s fun to give stuff away! This is why I’m annoying in the timeline, it’s a risk for the ultimate demand, attention. It doesn’t always turn out positive, which sucks, but self-promotion is a double edged sword. I think it would be a shame to let $GDUPI die, but gotta get creative with the attention grabbing game or develop those experiences more. @push- has been doing this for years already, study @push-

2 replies

1 recast

5 reactions

basement5k pfp

@basement5k.eth

Yeah i think you hit the nail on the head - however with the coining of literally every photo/cast/etc on zora it is impossible to build a community and demand around everything thats being coined just by myself. I cannot build an app/demand and experience on every photo that is coined.

1 reply

0 recast

4 reactions

Leo pfp

I’d really like to challenge you on how this principle is different than my current understanding of a memecoin? “the more content you create, the more attention you get, the more demand you drive.” I can’t think of a memecoin that isn’t fueled by attention. I go to WIF and the bid to get it on the Sphere.

1 reply

0 recast

1 reaction

Callum Wanderloots ✨ pfp

Callum Wanderloots ✨

@wanderloots.eth

We need features like splits in Zora before the leaks are fixed imo Some better control on the creator initial supply etc. Missing core features to introduce consistent creativity

0 reply

0 recast

4 reactions

🌈 YON pfp

super great feedback jesse, thank you for this. been taking notes of the whole conversation from different perspectives, and gotta say it's really helpful — glad this discussion happened!

0 reply

0 recast

1 reaction

Anemale🎩↑🔵ツ pfp

Anemale🎩↑🔵ツ

zora improvements by chatgpt

0 reply

0 recast

0 reaction

Kien 🙏 pfp

you need degens to rally behind you, mostly price speculation and believing in the meme, making connections with whales etc forming the cult for memes like this only cult

0 reply

0 recast

1 reaction

patrion pfp

My two critiques of this would be: 1) this is really just a re-framing of the strategy OP said already wasn’t working. Which kinda leads into 2) when the attraction point is distilled down to “novelty”, it’s a hard ask to get people to care. Re-badging as “contents” and slapping a micro-economy doesn’t help, not when the central point of “Why do I want to engage?” isn’t communicated in some way. Memes are like mythological gods; when people stop believing in them, they die. There needs to be a “Why do I believe?”, especially when the pantheon is so colossal and full of others clamoring for the same slice of attention.

0 reply

0 recast

1 reaction

Blind Chronicles pfp

Blind Chronicles

I was looking at it from a real world utility aspect instead of creating more coins tying back to your main project (i feel that would lose people's attention and make the person look greedy) build it out so that it reaches a broader audience like people new to crypto or people interested in it. Onboarding more people by creating a project that breaks the mold from the typical memecoin. I feel like that's what im doing with $CRITTER its not just a memecoin its so much more. It's story telling its making art and travel accessible, we got digital downloadable coloring books and narrated stories on YouTube. It's building a world and the coin itself just fuels the vision. To many coins would just be confusing to people. Trial and error though its a new frontier.

0 reply

0 recast

0 reaction

Apurv pfp

one key infra needed for something like this to happen is an algorithm that can't be gamed- Kaito did it a little bit. Remember steemit from the older cycles where spam became a problem Still though, token needs to have some sort of utility - creator rev sharings, access to perks etc. in long term to sustain value. hence why not just pay out users in USDC itself.

0 reply

0 recast

0 reaction