coins

Degen

degenerative artist — /yon-experience · /groupies

1/ my 2c here is *for most coins* (e.g. $GDUPI), you need a sustainable source of demand and consumer friendly feedback loops + experiences to drive that demand. without that, you're relying on a very leaky bucket of attention -> ?? -> demand, which (as you're experiencing), is not a ... reliable source. while that might work for some coins, i am unconvinced it's long term sustainable.

historically, I think the primary way that people have been able to generate this demand is to build *experiences or apps* that either consume the token (e.g. pay $GDPUI to do Y) or charge fees for an experience that you then the project then uses to buy/burn/dividend the token (e.g. pay $ to do Y, take $ and buy/burn $GDUPI). this has been the strategy for many apps (e.g. AAVE does buybacks) as well as memecoins (e.g. $TRUMP doing dinner). 

this strategy can be sound — but it requires you to either build apps or other experiences (e.g. dinner, swag, whatever). for many creatives, i'm unconvinced that's desirable / good!

some quick thoughts in response to @yonfrula on how coins can grow

curious for other people's thoughts on the problem statement + solutions

artist · creative director at @rainbow — /groupies · /yon-experience

Atlas

/atlas is exploring solving the attention -> ?? -> demand challenge with social games + tournaments

it's early days but i believe that's the right intersection of design | social | culture for long-term engagement 

tying other tokens into the $ATL game economy is on the roadmap, so happy to chat about it, @yonfrula

striving to build great products | @warpslot

Spin to win 💰                                                           Farcaster’s premiere memecoin dispenser 🎰

yeah, that's a good point re square peg <> round hole

i do think artists want to create experiences which can be gamified

so devs can create template games / experiences that artists can customize with their work

ofc a lot of experimentation needs to happen to find what works, but above all it's about giving creators more tools to design interactive + immersive experiences to connect with their communities

yes! i think minigames are a really interesting way of doing this. @colinm and the @warpslot team + @codyb.eth are also exploring this. 

again tho, i do wonder how much creatives will want to create games and/or curate + drive attention to games in order to accrue value. i think *some* will, but I also think lots of creatives... just want to create. we gotta figure out how to solve that problem.