We now approach the final minutes until @thingsmarket is live.
Last week I remember nervousness and anxiety heading into it. This space values launches highly and meeting those expectations takes all the work you can throw at it.
Clearly, we fell short of that last week.
Today, however, I feel incredibly excited.
We've spent quite a while at work on this, and most of the process is documented. We've worked closely with our users through our paper trading tournaments and some of the industry's leaders through DMs and long calls.
Unlike other attempts in recent history, we took no VC funding and we did not intend to copy the existing structure.
Everything is new and change is hard fought in this space.
For better or worse, I am incredibly happy with what we've managed to achieve on this journey.
I've DM'd thousands and thousands of you, some of you I've spoken at length with, others I have only managed to have brief conversations with.
For many of you, launches are the be-all and end-all on relevance. I certainly understand and previously held a similar thought.
But for us, this is simply Day 1.
Unlike the many, many previous attempts, I believe we've fostered our own culture and community before going live. Which I can only be grateful about. So many chads who've been here from essentially day zero, watching all the evolutions in real time.
Whatever comes next, we will continue hustlin.
@0xBiZzy I think traders had a huge impact in that launchpad war era.
I think it's more recent deployer importance has changed because deploying culture has become so normalized.
Really like that second line, they don't want another chore.
Friction is the biggest issue of all, they want something that doesn't feel like it's a side hustle or overly out of the way.
I think Crypto is such an attention / narrative driven base that people desire 'observable' impacts, metrics, exposure. It needs to be embedded and out of the way.
I like polymarket as an example of this, more often then not anti-crypto figures talk about polymarket not because they are talking about polymarket. They're talking about the odds of a certain event occurring, it's embedded as a valid statistic for discussions now.
We need to drift from the desire to boldly insert ourselves in places it's not necessarily required to provide that observable impact / exposure.
@0xBiZzy We had a grand debate about traders vs deployers deciding where trading happened.
you said deployers, I said traders.
I may be wrong about that.
Easiest signs of the market shifting directions are:
> Leading app revenue up.
> External interest up.
> A major financial catalyst.
Probably about time to mint a new generation of entrants if you ask me, first inning soon.
@thingsmarket is positioning accordingly.
Will be popping into @NotSoEasyMoney's show later today to talk about Things.
Whether you stop by or not, we'll try to clip as much as we can to share.
Very very good write up in my opinion.
The alienation of the younger generations in the financial systems of the world, mixxed with a rising need to outperform the constant outpacing on inflation has lead a lot of people to be far more risk on.
At the bottom of the rabbit hold is attention markets, something they could realistically hone or already possess an edge for.
The end goal of Things is to pioneer this front by creating a more accessible ecosystem that is not riddled with the current pain points and confusing systems.
• on-chain is the only place where you can bet on the tik-tokification of finance
• on-chain is the best place for smart devs to build and get immediate access to liquidity
• tokenization is a supertrend that is going to accelerate not slowdown
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the younger generation loves memes & spend infinite amounts of time on short form video, this generation also feels locked out from gen wealth bc of lack of wage growth compared to the inflationary costs of everything else, the reason parlays in sports gambling are so popular is bc it is entertaining + possibility of hitting 100xs, the on-chain casino is a much better venue than sports gambling even if you solely look at memecoins because the upside is much higher & it is much more entertaining, pumpfun & fomo are the tik tok apps for social + speculation & that category is going to 100x in size
also believe that experimentation with social money games that have some form of speculation attached will also get more and more popular
stablecoins + RWA tokenization thesis is real and will result in a lot more institutional capital coming on-chain, which directly benefits other startups that are also building on-chain and legitimizes the space to attract more devs & builders, and there will
be a lot more businesses that leverage stablecoins and have success maintaining durable revenues in a growing market
We can talk as much as we like about bringing new entrants to the space.
But if the infrastructure they must use is a chaotic mess riddled with trap doors, they will simply lose and never come back.
There’s a bigger picture to paint.