olystuart on Farcaster

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https://warpcast.com/~/channel/spotlight

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@clanker Reintroducing Spotlight A product studio building on the frontiers of internet capital markets (ICM) Read on for more about the vision, the $SPOTLIGHT token and the airdrop 🧵 👇

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Don’t know what ICM is? Literally no one does. Anyone who claims they do is lying or deceiving themselves. But that’s what’s so fun about building on the frontier. You get to do the rugged work of exploration and discovery.

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We’ve been building on Farcaster and CT for close to two years now, launching a new project every few months. On CT, you might be most familiar with Politiswap, where we tokenized all 541 members of Congress and built a gamified trading experience around it.

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On Farcaster, we’ve built projects like Procoin and Social Token with novel in-feed token distribution mechanisms and miniapp communities centered around curated content and live chat.

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We’re now excited to relaunch the @spotlight studio with a refined mandate: Chase the frontier of ICM and figure out what the hell it’s all about

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We’re also putting forward a new cap structure, designed for a studio that will take many shots on goal. The $SPOTLIGHT token is our hub token – the cornerstone of the studio.

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All future drops – ones that include a new token launch and ones that don’t – will drive value to the hub token in some form. We may do this via a liquidity pairing, a buy-and-burn model, a burn-to-buy model or otherwise. We'll be taking both big swings and small ones

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As part of this new model, we’re offering a token exchange for all previous tokens issued from the studio. Holders of $PRO, $PSWAP, $RIDDLE and $SOCIAL will all be able to exchange their tokens for $SPOTLIGHT at a fixed rate. Exchange will be available after the mandatory 7 day Clanker lockup expires. More details in the docs. https://docs.spotlightcrypto.xyz/spotlight-token

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🔔 🔔 Finally, we’re dropping our first project right now in this very post! It's both an in-feed airdrop program and a mini app experience. Excited to announce: 🏛️🏛️ The Spotlight Museum of Art We’ve allocated 5% of token supply to collect 1001 pieces across 29 NFT collections on Base. The pieces will be enshrined in our permanent collection. They cannot be transferred or sold. Contribute an NFT piece and receive an airdrop. Follow the instructions in the mini app to participate: https://app.spotlightcrypto.xyz/museum-donate

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This is a really interesting approach I love it :) Wonder if it can be set up for other types of art that's not in large collections, just a matter of curation work perhaps. Anyway I sent in an OKC because it is a core piece of Base nft history to me, also the rate for Spotlight is pretty good on those at the moment though who knows where it will end up and that's okay.

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appreciate the kind words. technically we can transfer any collection in and run a manual process or do some custom contract interactions i guess but just wanted to get it out there in a straightforward way to start

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Yeah makes perfect sense how you did it, just got me thinking :) GL, hope the museum fills up!

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