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GM! We're looking for a Community Marketing Manager to lead our web3 project. You'll handle our X page, grow our Telegram group, & drive community growth.
Please DM me your CV, portfolio & salary expectations. thanks!
#web3#hiring#communitymanager#web3jobs#marketing#remote
Making our latest investor update public:
$END claim went live a few days ago and we enabled trading today. This is a big milestone for us, I want to go a bit deeper in this email so you can get pure words from me as the founder.
$END launched at ~$30M and is currently sitting at ~$10M. There is no way to sugarcoat this and say it was a great launch, nor a good market for us. Gaming is fked. NFTs are fked. We were at the intersection of both. We went into launching this knowing that. We still build.
What Endless Clouds Has Accomplished So Far:
- Extremely successfulย NFT mint in '21 across 3 collections (~$100M+ volume)
- Small pixel game to stylized cross platform open world MMORPG (Day 1 NFT implementation)
- 43 Monthly Treeverse Updates collectively 100s of pages of design, art and engineering showcasing multiple years of development
- Did layoffs early and frugal with capital, one of the few '21 NFT projects to still exist today at peak fundamental product strength
- Hundred million+ impressions with no marketing spend
- Public game launch with tens of thousands of users, available on iOS, Android and Epic Games
- $16M+ in revenue
- ~$6.25M raised from additional VCs (on the low end in comparison to competitors)
- ~2 years runway assuming no additional capital raised
What Does The Future Of $END Look Like?
The circulating supply of $END was a fully unlocked distribution for NFT holders, S1 players and our partners. The rest of the supply is team controlled and investors. There is no inflation (other than people still claiming tokens from NFTs) over the next 6 monthsย until then.
Community, our biggest portion that will go to users as rewards and/or incentives will be fully unlocked in 5 years but manually distributed by us as a team.
We went with a DEX only launch as we were not in a position for T1 exchanges and others were pretty much useless in our eyes, fragmenting liquidity. We concentrated the liquidity on ETH L1 where majority of our holders exist and it's still at a good ratio - mcap right now, more can be added. (We are planning to get CEXs to list over time, it's a lot harder, but that is the goal!).
We avoided a lot of the programs that take small bits of supply but generally do not contribute to demand, including Kaito and Binance Alpha. Attention is overrated, it does not equate to price like it usually did, it would've just been more supply insta dumped to people who don't care about the project.
We will release our Endless Clouds Foundation Docs this week that go more into detail of exactly how $END will be integrated within Treeverse and specifically what features and cosmetics you could buy with it.
Season 2 launch expected EOY is the next biggest milestone for Treeverse. It will be a major improvement from Season 1 and have many sales in $END including partner drops.
The good thing with games is there are much more significant product updates than most protocols who won'tย change much. We have a lot more to build and share.
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I made my money before founding Treeverse. I tend to believe I have a very good understanding of the markets I was in but mostly trader and investor psychology. I've also been very deep into gaming since founding the company and have invested in dozens of Web3 games and other companies and kept an eye on many teams.
Gaming is still an extremely hype market, the money sidelined is insane. Just the other day we saw a ~$30M funding round. Capital is waiting to bite, eventually we want people to realise there is Treeverse, and others.
I ask you one thing: Don't write us off. The way we differentiate is being open and transparent with what stage we are at and give you conviction in what we are building. Markets are inefficient both on the upside and downside. Let's build.
I am happy to have 1-1 discussions with anyone interested in having a conversation! If you also have connections to people with capital interested in games, let me know.
sad state of things over at gaming sector
@TheTreeverse just TGE'd their token $END an hour ago, and its already dropped under $10M FDV
their last raise was at $70M FDV iirc
Timeless Characters was among the most hyped collections during the NFT run
if they had launched it in 2021-22, it likely would've opened at $1B+