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Doodles returning to their roots and branching away from just being a kids friendly brand is super smart in my opinion. Gives the brand more surface area - but also it’s true to who the leadership at the company is. You can feel that excitement “to be back” in the interview.
we've heard the feedback on the current XP system, and we're putting a pause on XP given directly for listing and bidding
while we don’t think liquidity rewards are inherently bad (see more below), we understand that there are a lot of strong emotions towards point systems, and that the NFT market as a whole is in a unique spot right now. we’re building OS to support this space long term, so we’re pausing this part of the rewards program while we think through the best path forward
in the meantime, we'll focus the rewards program on XP shipments -- which were designed as a flexible way to reward broad participation in OS2, such as buying and holding
users that joined our beta early and gave feedback in Discord earned the first round of shipments because they helped us make the product better (thank you!)
our second round of shipments is going out now to a subset of the users that bought an NFT on OS2 -- with XP multipliers if you held an NFT from a top volume project for more than 3 months (the longer the time held, the bigger the boost). check your rewards tab on OS2 to see if you got one
if you didn’t get a shipment this time around, more are on their way. we’ll continue to reward buyers and holders that use OS2
regarding liquidity incentives, I want to be clear about our thinking here: we're operating a business in a competitive space, and liquidity is fundamental to any marketplace. we’re going to be thoughtful about adjustments / enhancements, but liquidity rewards in some form are important to offering a strong product in the market
lastly: I appreciate the feedback. we’ll continue to work closely with those who have helpful ideas. but some of the vitriol I saw on X this weekend appeared to be primarily motivated by extraction / attempts to bring OS down. we’re listening closely as we build, but we won’t be bullied. if you want to help us build the future constructively, we’re all ears.
Hey, @opensea and @dfinzer - NFT farming meta needs to END urgently. Nobody wants another Blur.
You are killing the bags of the last people who stay and believe in this market.
We have already experienced on Blur that this incentive system benefits no one but your earnings. And you never need those earnings. Dozens of venture rounds in the past and $500 million a month in earnings. You don't need to kill us to earn more.
Here’s the part where we yap about the problem:
Just when the ecosystem is starting to show signs of life, you start the farm system and put us into another bad season.
Everyone is talking about the bid incentive but I think the list incentive sucks too.
I go into any collection and everyone has listed at the base price to get the most XP, and they are constantly competing to list ahead of each other, driving the prices even lower.
Even if I choose to sweep 50, I almost can't change the price, and even if I do, someone else will immediately drop it back down to the same price within minutes. In this situation, we can't talk about a market.
Without further ado, both bid incentives and list incentives are the worst thing that can happen to NFTs if both are not set right. And this one doesn't seem to be set right.
If you get people to list for a profit instead of farming at a loss, prices will go up and automatically find a balance point when overpriced. We don't need bid incentives anyway, the true believers are always there.
Please make NFTs great again.
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