💜CM/Admin for @GalakticGangNFT @blupixapp & @alienfrens MOD @playgigaverse Creator💜 Be Urself GLHF B U
Galaktic gang
Joined November 2021
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One metric most forget about with abstract is that the team used personal referral links for anyone using the portal to use a product.
You are rewarded if you’re still trenching without insider info/being around scammers
This is the scummiest side of crypto with the shittiest people
How Kimchi and Pumpfun just extracted over $1,000,000 in 1 hour
$40M Runner was deployed 13 seconds after pumpfun rebranded, and 1 minute before kimchi changed his bio to @pumpfun
It's physically impossible for a real human to have deployed this coin without insider knowledge
solscan.io/tx/569xgt1rjPZCJi…
Deploy - 23:00:15 (UTC) / 7:00:15 EST
Kimchi change bio - 7:01:43 / 23:01:43 (UTC)
Top traders made over 1m 😭
Ladies and gents it’s time!!!
The Awakening event prize boxes are live!
Head to gigaverse.io/awakening/redee…
Redeem your Hard Cores for the prize boxes of your choice
Open them for a chance at USDC and/or skins and other collectibles
USDC withdrawals go live within 24 hours provided no issues w/box redemptions
These boxes will be tradeable on our marketplace in the future
Thanks for your participation in The Awakening, and see you in Gigaverse Online!
It's actually been really cool behind the scenes for GG!
I genuinely don’t know a single sustainable model for crypto or nfts (without some form of outside revenue) that isn’t directly driven by some form of ponzinomics
Hyperliquid is one of the very few models that makes sense to me
Pudgy penguins has consistently extracted from the community with no real ties between web2 or web3. The pengu example was a successful one, but again, unsustainable, and still could’ve been done much better (hindsight is always 20/20)
We all know there is literally next to zero conversion from giphy views to nft/token sales.
Without revenue sharing there is no “utility” or incentive to hold assets in a niche market besides for the IPO carrot and that is a major exit liquidity event and likely one of the last exits for a project.
I think it can be done, but not on a scale that is life changing, and not sustainable for multiple cycles.
Hoping I can change this stance one day but it’s literally all a ponzi. Communities are awesome but not a great selling point for thousands of dollars
I think the NFT IP story has pretty much been told, most pfp projects that launched in the last few years will keep going out of business.
After the early success of Pudgy Penguins, every project copied their playbook and tried to build a business outside core crypto, but the reality is that (with a few exceptions) no one cares, and there's no market or revenue for them.
Even the "successful" ones still sell most of their products to their crypto user base (NFT holders), but interest there is now also declining sharply, as those users get increasingly neglected in the push to find new non-crypto ones.
The bull case for new NFT projects is refocusing on core crypto and their holders, building some on-chain products or experiments and actually delivering value instead of selling mid "IP" that's inherently worthless