been trying to make sense of farcaster news, and as i understand it, nothing is really changing but the focus moving forward will be on infra that can power the social network that's already working? kinda wish this was the marketing message: "we're excited to supercharge social by building out more key infra that can bring on the next billion users" not sure why it needs to sound like social is being scrapped when it's actually being superpowered
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i got a bunch of dms last week asking *why* we suddenly had a contest self-generate $1.35 *million* dollars to voters. the fact is, i don't know! i was hoping for 100k, and it went 35x that 😳 but i have some guesses, with some lessons for all of us building apps: 1. the *right* chain. the avalanche team was one of the best i've ever worked with. 2. iteration. it wasn't until 5 weeks ago that we launched vote-and-earn. it's a gamechanger. 3. the *right* user. the contest generated a liquidity flywheel. the more players bought in, the more money they could earn—leading to accelerating buys from whales. 4. narrative. avalanche ran a bracket tournament, so: >smaller projects could still have a real chance of winning early rounds > voters on winners would have more money to support their teams in subsequent rounds > each round got more dramatic with higher and higher stakes what these all come down to is one thing: *storytelling.* people want drama, and they want the stakes to rise over time.
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ok i spoke too soon just had our first contest generate over *a million dollars* for voters 1.35M to be exact i’m speechless
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