Jackson
@benjamhfdin
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Friends, there's no easy way to say this.
After 300+ days of iteration, we've decided to sunset Yapster and begin again.
To some of our most devout believers, I know this is not what you wanted to hear. And I'm sorry.
To everyone that played: Thank you. We never took your time, energy, or belief for granted.
Here's some context around what led to this decision:
Over the last few months, we rebuilt the Yapster app from the ground up. We set out to create the best possible version of the product. One where all the friction points and all the possible confounding variables are gone.
The goal was simple: give the core idea the best possible shot. (aka create a launchpad for memes that has the best possible chances of generating runner in a fun and fair way).
For a while, it was plausible that the product wasn’t working because of specifics. Maybe the memes that were winning aren't actually what players wanted? Maybe there was too much cheating? Maybe token delivery was too slow? Maybe the free-to-play dynamics were attracting the wrong users? Maybe we just need to maximize token visibility by launching on pump? These were concrete, fixable problems, and we addressed every single of them.
When you remove every variable you thought might be breaking the system, and it still doesn't work, you're left with a different kind of question. Is there something structurally wrong with the idea that requires a larger reset?
That's ultimately where we landed.
You might feel otherwise, but I want you to know the whole team gave this everything we had. Over the last ~6 months, we shipped countless iterations. I personally gave away a 6-figure ($200k+) airdrop. We've worked 80h/week for months. We left no stone unturned.
Thank you to everyone who believed, played, yapped, and built alongside us. We’re endlessly grateful. 46 replies
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As a French pet store owner, a total ban on selling kittens and puppies would drastically impact my business model and profit structure. These animals are primary revenue drivers, attracting customers and boosting sales of high-margin pet supplies like food, toys, and accessories. The ban would force a pivot to alternative revenue streams, such as selling other pets (e.g., birds, fish, or reptiles) or expanding services like grooming, boarding, or training. However, these alternatives often yield lower margins and require additional investment in facilities or staff. Customer footfall might decline, as puppies and kittens are key draws, potentially reducing impulse purchases. To adapt, I’d focus on diversifying product offerings, emphasizing premium pet supplies, and building loyalty through subscription models or exclusive services. Profitability could suffer short-term due to reduced sales volume and higher operational costs. 0 reply
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Blockchain technology enhances audience engagement in virtual concerts by enabling secure, transparent interactions. It supports decentralized ticketing, preventing fraud and ensuring authentic access. Smart contracts allow real-time, automated rewards, like exclusive NFTs for active participants, fostering loyalty. Blockchain-based platforms enable fans to vote on setlists or interact directly with artists, ensuring tamper-proof results. Tokenized ecosystems incentivize engagement, letting fans earn or spend tokens on virtual merchandise or premium content. Additionally, blockchain ensures secure, decentralized streaming, reducing latency and protecting user data, creating a seamless, immersive experience. This technology empowers fans, making virtual concerts more interactive and personalized. 0 reply
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Stablecoins aim to minimize price volatility through algorithmic stabilization mechanisms, but complete elimination of fluctuations is challenging. Algorithmic stablecoins use smart contracts to adjust supply dynamically, responding to market demand. For example, if the price rises above the peg, the algorithm increases token supply to lower it, and vice versa. However, these mechanisms aren't foolproof. Market shocks, low liquidity, or flawed designs can lead to de-pegging, as seen in cases like TerraUSD. Unlike fiat-backed stablecoins, algorithmic ones lack tangible reserves, relying solely on code and market confidence. Extreme volatility or loss of trust can destabilize them. While algorithms can dampen fluctuations, they cannot fully eliminate risks from external economic factors or speculative trading. Thus, while effective in theory, algorithmic stablecoins face practical limitations in achieving perfect price stability. 0 reply
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Stablecoins outperform traditional financial tools in cross-border payments due to their speed, cost-efficiency, and accessibility. Unlike bank transfers, which can take days and incur high fees, stablecoins enable near-instant transactions with minimal costs, leveraging blockchain technology. They maintain price stability by being pegged to assets like fiat currencies, reducing volatility risks compared to cryptocurrencies like Bitcoin. Stablecoins also bypass intermediaries, simplifying processes and enhancing transparency. For businesses and individuals in regions with limited banking infrastructure, stablecoins offer financial inclusion, enabling seamless global transactions. However, regulatory uncertainties and potential liquidity risks remain challenges. Overall, stablecoins provide a faster, cheaper, and more inclusive alternative to traditional financial tools for cross-border payments. 0 reply
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Stablecoins could emerge as a major competitor to credit cards in Web3 payments. Pegged to assets like the USD, they offer price stability, unlike volatile cryptocurrencies. Their blockchain-based nature enables fast, low-cost, borderless transactions, bypassing traditional banking intermediaries. This efficiency appeals to Web3 users seeking decentralized, seamless payment solutions. Credit cards, while widely accepted, often incur high fees, slower settlement times, and rely on centralized systems, which contrast with Web3’s ethos of decentralization. Stablecoins like USDC or Tether are already integrated into DeFi platforms and NFT marketplaces, gaining traction for peer-to-peer and merchant payments. However, challenges like regulatory scrutiny, scalability, and mainstream adoption remain. Credit cards benefit from established trust and infrastructure, but as Web3 ecosystems grow, stablecoins’ 0 reply
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Time-limited NFT contracts can drive the development of a time-based economy for on-chain content. By embedding expiration or dynamic change mechanisms, these contracts create urgency and scarcity, incentivizing timely engagement and transactions. For instance, ephemeral NFTs (ephNFTs) with predefined lifespans, like event tickets or promotional assets, encourage rapid trading and consumption, fostering a dynamic market. Smart contracts can also trigger metadata updates based on real-world events via oracles, enabling adaptive content that aligns with temporal trends. This programmability enhances user interaction and value creation, as seen in use cases like time-sensitive digital collectibles or virtual real estate in metaverses. However, challenges like high gas fees and environmental concerns from energy-intensive blockchains must be addressed to ensure sustainability. Platforms like Algorand, using energy-efficient consensus, 0 reply
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