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Content
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🌈 YON pfp
🌈 YON
@yonfrula
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?
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jesse.base.eth 🔵 pfp
jesse.base.eth 🔵
@jessepollak
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. $TRUMP doing dinner). this strategy can be sound — but it requires you to either build apps or other experiences (e.g. dinner, swag, whatever). for many creatives, i'm unconvinced that's desirable / good!
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jesse.base.eth 🔵 pfp
jesse.base.eth 🔵
@jessepollak
2/ so then, the *big* question is: is there another model that could let creatives do what they love (e.g. create more content, art, whatever) and *still* have that same source of demand for their underlying asset with a consumer friendly entry point. in other words, how do you turn attention that content captures into a reliable source of demand for your token ($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.
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basement5k pfp
basement5k
@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.
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jesse.base.eth 🔵 pfp
jesse.base.eth 🔵
@jessepollak
right - this is kind of the point I'm making. you *shouldn't* be building an app/demand around every photo that is coined. instead, there should be a model whereby all the things that are coined drive value back to the coin that you care about (maybe your creator or project coin)
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basement5k pfp
basement5k
@basement5k.eth
Yeah from a macro perspective this makes total sense. But I’m finding a hard use case where 100s and 1000s of micro coins have directly correlation to your main creator coin. Let’s keep using gdupi as an example, maybe it’s a similar protocol to index funds. The same way $VOO is the value of the S&P500, Gdupi could be the value of all the micro projects and art work yon creates It’s probably more complex than that. But that’s kind of the only way I can see them being complimentary
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SQX
@sqx
Mint.club and child tokens. Might be best use case driven I’ve seen?
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