JAKE on Farcaster

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I own 5x as much $QR as anything else on base. It was a fair launch via clanker so I had to buy it all on the open market. And I did not front run everyone. I bought in over time at various prices. That’s called betting on yourself. That does NOT mean this bet is guaranteed to work. But I will always bet on myself. Eventually, I will win.

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More valuable than the money, I have invested my time. Just a few months so far. Not a ton in the context of a lifetime, but I am not in the business of wasting months. I will not continue to work on something I do not believe continues to be a good use of my time. I want to be very clear about that.

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That does not necessarily mean such a thing could not be worth my time again later. For example, I did not feel that continuing to push hard on Base Colors was worth my time after several months of doing so, and not because it wasn't going well. I would be quite surprised if my time working hard on @basecolors is finished. After several months and a lot of success (~30,000 colors minted, ~$100,000 revenue, several awesome collabs, established itself as the colors collection on base, etc.), I felt it would be best if I gave the project some time to breathe. I believe I know the next big thing that I need to do with it, and I felt it was too early still to do that thing.

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Meanwhile, I believe Base Colors is benefitting from my working on another interesting crypto project (QR) and continuing to grow my personal audience. If I am a success, long-term, and NFTs don’t die completely, and base does well, I believe Base Colors has a good chance to be a great success as well, even if I don’t work on it explicitly much more than I already have. Remember, NFT collections do not necessarily require continued work to do well (i.e. CryptoPunks), but with Base Colors I felt there were months of work post-launch that would be good for the project, I am very happy with what we built over those several months, and I know that there are still at least a few interesting things that I can do.

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So when it comes to @qrcoindotfun, I want you to understand that I’m going to do my best to do what I think is best every step of the way. If I have a better idea that I feel demands my attention, I may work on that instead. I write this today because things are going well. I can confidently say I am more confident in QR than I have ever been. Now, that can change quickly. My belief has had many ups and downs already. But I’ve had plenty enough on average to keep on working hard.

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I basically started this project by accident. I launched a token via clanker called QR coin ($QR) representing a seed of an idea which I thought could be interesting. I had no plan to make it my priority focus over an extended period of time and I didn’t even start working on it in earnest until a few weeks after that when it somewhat serendipitously evolved from a casual clanker I launched to increase the probability I might actually work on it, to an idea that I began actually working on.

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At launch, I debated lowering the auction starting price from $2 to 20 cents because I wanted to ensure we got at least 1 bid and I didn’t know if anyone would bid $2 on day 1. That auction went for $3,303. Our auction prices have had their ups and downs but today we have our first bids over $100 in 2 weeks and 3 different people have bid above that level. We got 5,000+ people to add our mini app, most of them in the last week. We’ve had $16,000 worth of winning bids and multiples more than that in total bids. We have been profitable (I am not paying myself). And the $QR coin price is right around all time highs ($500K). I have a clear vision on next steps to increase both our value proposition to auction winners and the level of participation in our auctions, and I am excited as ever to work on this today.

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