This cycle genuinely sucked.
We could have had awesome stuff, but the space decided to pivot into some braindead "financial nihilism" narrative and fed billions and billions to outright scammers with malicious intent.
Instead of movements and projects we saw countless soulless coins pushed out on pumpfun and alike and the entire spaces moving from putting money behind what we think has a future or we find enjoyable into PvP on the one minute chart.
Yes the 2021 cycle was full of crazy visions, astronomical valuations, and promises beyond reality ... but there still was excitement about stuff beyond money, strong believe in the future of this on chain magic internet money thing, and people trying to build stuff (and often failing at it).
Consequently this cycle failed to bring forward anything exciting minus Hyperliquid. Luckily some projects from earlier cycles that kept building emerged as major winners that made this cycle a bit more than the utter misery and joke it would have been otherwise ... but it was still terrible.
CT loves shitting on and clowning all the gamefi projects that sadly had to shut down lately. Yes part of it was that some games just sucked, some visions did not make sense, resources were often not managed wisely, teams often lacked the sufficiently skilled and experienced people ...
BUT ALSO CT just stopped giving any single fuck about metaverses and gaming for the most part. Because CT loves chasing one shiny new hot object. That's why we have countless HL perp dex clones, and already dozens and dozens of prediction markets. And why so many projects pivot, pivot and pivot again.
NFT projects of 2021 – the one that lasted – achieved things that would have been among our wildest imaginations, yet many struggle to achieve MCs that are even 1/10th of the peaks the nihilistic purely money chasing crowd that dominated this cycle sent pure scam coins (such as the ones that got "launch support" by this POS below) with no soul and future.
Lot's of games were close to being a fun experience and having a potential future but died not only because of the often referenced reasons above but also because they were suddenly building for an audience of none (plus a horde of hungry airdrop farmers looking to extract every last cent instead of getting a real job).
Seeing all the heart & soul and immense effort & time people like @BitBoromir poured into an IP and universe that was amazing and crafted with insane attention to detail potentially go to waste – and, for the most part, getting nothing but shit on by CT for "rugging" and "extracting" while the same fckers yeeted clips into sketchy soulless anon "dev" pump fun "memes" (they do not deserve this name, because memecoins are rarely about the memes anymore and just farms and pvp gambling vehicles with the meme as an afterthought in 99% of cases) and often still do. This is way more of a problem in this space than any terrible decisions and incompetence based fuck ups most projects in this space did over the years.
Yet CT loves pointing fingers at everyone but themselves and blaming founders and teams for being scammers. Lemme tell you, the scammer part people usually don't stay multiple cycles and if they do they come back with fresh new scams. Way more teams just suck or fail despite not even sucking, some just hit a bad beat. Take @pudgypenguins, @LucaNetz often mentioned how tight things got early own and how a couple more bad beats could have ruined what now has become a wild success story.
Things are rarely as black and white as CT loves to portray them (unlike the shirt of Libra scammer guy below, direct your anger at fckers like him not teams that tried and failed), and its easy to be a keyboard warrior and throw insults and hate at people who often tried way harder than the person typing out those insults from their mom's basement.
TLDR:
1) Direct your hate towards the outright scammers in this space that we saw plenty of in memes, many of them stayed anon though. Give some love to the people like @BitBoromir who genuinely tried and still try to build something cool and amazing that touches peoples heart, else we end up in a state where nobody wants to build anymore. The current excitement we see coming back to the few NFT winners of last cycles is a move in the right direction.
2) Think about what you wanna put your money and word behind. I warned in 2023 that the shift towards what people called "memecoins" (which they rarely are) would corrupt and ruin our amazing and exciting space. People told me I just do not "get the memes" (yes I do I was on 4chan when many of the true OG memes that had actually relevance and sticking power got spun up) or I am just "coping" because I missed the 100x (yes sometimes I was). Truth of the matter is that stopping to bid cool things that may go somewhere and lead to an exciting and fun future, this shift caused us as a space to put money and attention towards mainly soulless and effortless gambling vehicles that were released by some of the sketchiest and scummiest people that ever touched this space for no reason other than to enrich themselves. Gambling vehicles that never had any future in most cases (yes there are ACTUAL memecoins that had or have a real movement behind them but those are about 0.000001% of them) and never could lead this space anywhere.
Bring back DeFi, bring back NFTs, bring back crypto gaming, bring back metaverses, bring back privacy, bring back freedom to transact, ...
Stop the financial nihilism. Bid things you like and truly enjoy or that you believe may change this world for the better. Stop bidding things for the SOLE reason to make money.
Things you love, are likely to be loved and enjoyed by others too. And things that you may see change the world may actually do so. In both cases, financial gains come as a side effect of being early to it playing out. Simple as that. So please just stick to that again.
Make our space great again! (and fck this guy below but kudos for at least showing his face in public unlike the countless anon grifters ... fck those even more!)
It will never stop to amaze me how people lose 4-5 figs on memes over and over to actual scammers rugging coins but people get ultra upset when they lose money on some gaming projects that actually try 😅 0/10 cycle 🙈
A founder being this transparent, this invested, and fully committed to his community is something you rarely see.
@0xfanfaron has been funding the vision himself, no salary for two years, just pure dedication.
That’s real leadership.
Rooting for him and for all of us.
ironically, vc capital dried up exactly when we hit pmf. we mastered the learnings. we cracked the user
$2m is the only thing between us and domination
It’s crazy hard to build something truly valuable in the crypto world.
@0xfanfaron team delivered what was for me the best game experience on @AbstractChain
I’m a huge believer of 77Bits this project deserves a win ✳️💚
Not gonna lie it truly bamboozles me how, after all the absolute soulless hot garbage that crypto VCs funded in web3 gaming over the years, @the77bit struggled to find funding.
@BitBoromir is an absolute gem of a human and a masterful jack of all trades in game design. Despite the technical challenges that early decisions before his time caused and severe hardships in personal life he shipped a more flavorful, unique, and culture rich world for the game than many huge teams could and one that has more soul to it than like 90% of web3 gaming slob and half the current Steam releases combined. Idk how there aren’t more people out there noticing his unique skill set and potential.
@0xfanfaron might be the chief of bozos at times but he’s one of the most passionate founders out there who keeps bouncing back up after being knocked down like a roly-poly doll. He’s fearless and willing to put himself out there and isn’t backing down from radically innovating and experimenting.
While this sometimes causes things to blow up in his face I believe this is exactly the type of crazy energy that this stagnated crypto gaming space needs rn.
Gonna keep supporting them till Valhalla or zero.
P.S.: Always have a position for you @BitBoromir as my personal game designer in my basement if things fully blow up. Cannot offer pay but it’s warm and comes with good cookies and is pet friendly!
Most founders hide when they bleed. I’m turning the camera on.
This is the wildest experiment a founder has ever done: I am buying us 77 days of life.
Success or Ruin. This is Day 1.
If this was the top, it was the worst market in history. Crypto lost its aura.
It became a predatory casino where insiders, scammers, and bundlers farm retail in a disgusting PvP death spiral.
Crypto was supposed to coordinate strangers to build something cyberpunk that actually changes the internet. Satoshi built out of disgust for banks. My disgust right now is for the extractors and insiders who vampire attack crypto’s ethos.
We don’t need more dogshit L1s. Or another useless project to farm. With AI, building is free. Raising money stopped being an excuse. We need ONE neutral currency adopted by people and killer apps, where value flows to those who ship code, not pitch decks. An Alliance where we stop fighting each other and start coordinating together to take over these institutions.
We must kill the extraction economy. Pivot back to PvE. Use the superpower to align millions. Or accept that we have become a glorified slot machine. Choose one.
As promised here is details:
What is this app?
@MoonBallGG is lottery reimagined. Think Powerball but fully on chain.
Each ticket you buy lives on Solana blockchain.
Two draws per week - each draw happens on chain.
Fully transparent - you can see random numbers generating on chain.
I will share more detailed explanation on main twitter. Let me know what specific questions you have. Prize distribution, on chain oracles, VRF and etc - shoot your question in comments and I will answer them before mainnet launch.
Now why did I make this app?
I made this app to give people opportunity at 1000x throw your Solana dust into jackpot and win big. Originally I was building something else but decided not reinvent wheel here. Buy tickets with dust for chance to win big. I am fully comminted to supporting this app in fact you will probably see major changes and improvements for mainnet launch.
What does this have to do with $coin and @itsacoin
This is where $coin strategy comes in play. Traditional lotteries commit part of their revenue to charity. @MoonBallGG will commit small part of all revenue into $coin buybacks. Additionally I am planning to add $coin rewards into winning tickets. $coin strategy is simple - regular apps make profit, we make $coin buybacks.
btw traditional lotteries are a fucking SCAM just look at how often jeff epstein won them(yes pure coincidence SURE xD).
The goal is completely fix this and bring this onchain to Solana.
Testnet live later today. Mainnet in 1-2 weeks.
I will snapshot wallets of every testnet participant.
(you will need to enable testnet in your wallets to test app)
Now lets ball.
I mean MoonBall.
@TerriblePic@HustleBitch_ what a load of shit. stop sinning is what you tell yourself because you cannot change the action of others based on simple words. you lead by example by not being judgmental on others but only on yourself because it is you the only one whose action you can change