Crypto as the next iteration of the attention economy
People often refer to web2 as the attention economy, but it's actually a failed attention economy: rampant market failure and value leakage exists, with positive and negative externalities.
Platforms and creators attempt to monetize their attention, but indirectly and imperfectly. Advertising, the dominant business model, is a broken way of monetizing attention: attribution is imperfect, and there's all sorts of other attention-derived value that can't be extracted from ads. Among creators, advertising leaves money on the table from superfans, and other popular creator monetization methods (branded products, courses, coaching, etc.) are also imperfect modes of capitalizing on fans' attention, in that they are one-size-fits-all about how to serve that attention. https://t.co/TKPdPlckwa
Crypto can be viewed as the next iteration of the attention economy with a much more granular and efficient market. New "attention assets" include memecoins, NFTs, and tokens (as well as new asset classes) that measure and capture the value of attention in real time.
Users invest and own "attention assets" as a way to express their beliefs about whether that particular meme, media, creator, or network will accrue more attention and interest in the future. An NFT of Achi, the original dog wearing a hat, just sold for 1,210.8 ETH on @foundation, a direct translation of the attention value of that image into economic value.
The difference vs. web2 is that everyone in the value chain can benefit from being owners of "attention assets" -- whether they originated the meme/media or merely paid attention early.
https://t.co/1ZaTaKL4Pr
This can also work in reverse: tokens can help to incept attention initially, forming a speculative community that can pave the way for more organic attention/interest later on.
Introducing Unstable Money: The Leverage Layer for Staked ETH ⚡️
In the growing LST/LRT eco, liquidity is a needed commodity for new protocols. The challenge? Efficiently pricing assets for collateral use is both difficult & expensive.
This is where Unstable Money comes in🧵👇
For everyone who lost funds due to FTX blow up, here’s my personal story about how I lost a majority of my funds in 2022
I lost it all on Terra, my funds, the project my awesome team built, my token allocation
In a week it was gone. Here’s what I did to get back on track 🧵👇
We had a great time at @web3_atl this past weekend! Always amazing meeting other students and individuals and seeing the cool things being built in the space.
Thanks again @404_DAO for putting on such a great event.
Triangle event next year👀
#web3atl
🔥The LUA Power Leaderboard🔥
After our token launch, we previewed what the coming weeks looked like for the Luart Platform
Today we are announcing the launch of the LUA Power Leaderboard 🚀
Enter👉: https://t.co/UYLLJZLk5a
LUA Power, Whitelists, Airdops, + more in the 🧵👇
🚨 TGE YOUTUBE VIDEO 🚨
Get ready, Token Generation Event is coming March 2nd 💜
Discover all the details about the $LUART token, LUA Power and the roadmap to come 💫
⬇️ WATCH HERE ⬇️
https://t.co/4nyDAsxpzi
#PutYourHelmetOn 👩🚀
$LUNA $UST #Terra#NFT
🚨 /wenTGE 🚨
They say good things come to those who wait💫
It's official. The $LUART token is launching on @astroport_fi March 2nd @ 7pm UTC 🚀🚀
Stay tuned for more details of the TGE🤝
#PutYourHelmetOn👩🚀
🚨GIVEAWAY🚨
@galactic_punks & @colonies_nft team is giving away 10 Whitelist spots to their newest project: #GalaticGridz💫
Rules
1. Reply w/ your best combo of 3 words using EXPLORER and comment #GalacitcGridz ex: explorer.ready.launch
2. Follow @colonies_nft
3. Like & RT!