Web3 projects can't survive without sustainable revenue
Not having it is one of the main reason projects fail.
The single-sale model doesn't work.
NFT mints and FT sales provide (in some cases) a mid to large sum of capital, but that capital comes with a fixed amount of runway and if, in that time, you haven't created an external revenue source, you end up having to mint more NFTs, more tokens, or, quitting altogether if market conditions don't allow for additional sales.
We recognized this at the very beginning of our journey and it's one of the main reasons we're still here, still going strong, still building products despite the fact that our only NFT sale was almost 2.5 years ago.
When we set out to start building, we bootstrapped development of 2 products before our NFT mint.
Our subsequent plans were also not dependent on our NFT collection selling out (though, it did). We could have, and would have kept building in the event that it didn't.
Our main product (an on-chain lottery system) was designed to be self-sustainable (it could run for years even if ticket sales were poor, which, they were). The whole system gave a significant amount of $ADA back (70,000+ $ADA) to our holders and community members.
Between our inception and now, we've created several products that have earned us revenue - that also bring great value to the Cardano ecosystem.
We've sourced funding grants that have kept us alive through the most harsh market conditions and sentiment imaginable.
Are we the biggest and most hyped project? No.
Are we where we want to be? Also no.
But one thing is for sure - do not sleep on a team that literally never gives up.
G e t // M a s k e d
@beamr_x As a second shifter who gets out of work at midnight and runs first thing in the morning I learned no matter how good it sounds, late night Taco Bell is not my friend π