Disagree if we’re looking outside of memecoins/insider anomalies. This cycles biggest winners are driven by utility and product market fit.
Stablecoins, hyperliquid, launchpads, robinhood(RWAs, opensea “airdrop”), gamification of NFTs.
When people say crypto gaming is dead, it’s not because of lack of attention… it’s because you need the utility of sustainability/persistent incentives.
The future of crypto gaming has very little to do with attention and virtually everything to do with sustainability in wake of a labor market being disrupted by AGI robots.
crypto is a game of attention
the current landscape is vastly different to 2021
liquidity is thin, participants are few, capital is smarter
founders that can constantly capture attention for their communities will win
I think he's right
With regulatory capture we will speedrun to a new feudalist time
Regulatory capture is where you pass regulation, or create government agencies to "protect the people" but in the end it helps protect companies because you stop new companies from being able to enter the market, because the cost of following regulation is too much compete for a startup
Neo feudalism will mean AI companies at the top and the rest of us as serfs paying them to use AI for literally everything
Next in regulatory capture will be banning open source and/or Chinese models, mark my words
That's a very dangerous thing because then there will never be new AI frontier companies being able to compete again and with exponential self improving AI that means essentially no competitors in any industry ever again as they will slowly suck up money in all industries
Safety concerns of AI are scary but the neo feudalism of AI with regulatory capture is a way more scary for me
@Teknium@gospaceport Can you make a video step by step of how you use Hermes and skills? Or have it made.
Think it would help drive more adoption and increase revenue for future services or products.
It’s been a real Jarvis through telegram!
@waleswoosh No, things are dead because of inside jobs, MEV and bots(sandwich, algo PnD), institutional and VC hijack, rugpulls, friction, gold fish attention spans, lack of access and distribution. Could go on
ICO and NFT's inception was fair to retail. Worst odds than a casino now.
Incentives drive outcomes...
So how do memecoins thrive when the incentive is dilution?
Reminds me of a failed experiment with high creator royalties for NFT platforms.
The goal should be to bring more normies in not destroy them.
Incentivizing the users works much better as a strategy for acquisition and revenue.
the biggest disconnect in memecoins right now is that launchpads are incentivizing devs over traders
I've seen tons of people say they have moved from trading to just creating coins
launchpads want people creating as many tokens as possible since that is their main business model, so now they are focusing on incentives for people who launch tokens rather than the trader
there was a time when there were very few devs, and everyone was a trader which is why so many coins ripped at the beginning of 2024
the skill gap has become so large that many traders have given up on trading
every time a new narrative comes out, there are hundreds of tokens launched and traders have no idea which coin is going to actually run since there is infinite PVP
it's not surprising to see that launchpads want as many coins created as possible, but it creates a very unfriendly trading experience for people who are trying to trade
eventually we are going to hit a point where there will be 100 of the same ticker as people try to farm dev fees, and more traders will give up as it becomes impossible for a coin to run
@SamSteffanina Play to earn hasn't died nor will it.
The essence will live under a reiterated and refined process through time. Earning tokens, farming lands, tradable nfts working ingame, buy backs, betting, pvp for valuable loot, ladders, etc.
Anyone can earn but not everyone will.