teddit

X post from @beandip, 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?

ceo boost studios, core contributor of /boost

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?

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

The rhetoric on both sides entirely depends on the definition of "work". Same applies to CTM frames.

leader • reader • taco eater • fly eagles fly • /whiskey • /nativefun • previously addepar, linkedin • https://nf.td/derek

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

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.