From Egg to Legend: Your Journey Starts Now! π₯β‘οΈπ
The Eggs have finally hatched, and the Birds are ready to hunt for treasure! π¦
π Every Seedizen's journey starts with a single hatch. Feed your birds, hold them to keep them happy, and send them on epic hunts.
Itβs time to compete with 6M+ #Seedizens and accelerate towards the finish line!
π― Fly high or go home β make every hatch count!
The secret weapon in Web3 marketing that truly works? Network Effects
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Unlock this strategy, and watch your user base skyrocket!
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The best way to describe Network Effects is:
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A product displays positive network effects when more usage of the product by any user increases the productβs value for other users (and sometimes all users).
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The entire Web3 ecosystem thrives on Network Effects: blockchains, successful infrastructure projects, p2e games, and more. They all leverage these effects.
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To grasp this concept better, think about the telephone: A single telephone is useless, but the utility of the telephone network increases with each new telephone added. As the total number of connections a given node (telephone) can establish increases, the utility of the network is enhanced.
Your mission is to replicate this in your project!
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β€ 16 Types of Network Effects
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In the map below, NFX has depicted various types and categories (organized by color), with the strongest and simplest network effects at the center.
Your goal is to incorporate at least a few Network Effects from this map into your project. The more and stronger they are, the better.
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β€ Network Effects are Not Virality
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Network effects are not the same as viral effects. Network effects create defensibility, while viral effects are about acquiring new users for free. They have entirely different objectives and strategies.
β€ Formula for Success
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Durability = Network Effects + Economies of Scale + Brand + Embedding + IP
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β€ Types of Compensation for Bonding
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You also need to decide on the type of compensation for key network participants based on their value.
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Luckily, the types of compensation are limited. The image below offers a good starting list.
To achieve exponential growth for your project, you need to understand:
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1. Who are the main participants in your network?
2. How will they interact and what value do they add?
3. How will you attract them?
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Tagging some of the best minds in the space: @_k4ybee@McTyasha@andyyy@MatDefies@vohvohh@amandatylerj@GianTheRios@SerrDavee@DeFiMinty@thesaint_@Louround_@poopmandefi@0xSalazar@cryptoshiro_@LambolandNFT@andrewsaunders@HadickM@adamceresko
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Share in the comments how you are already using Network Effects in your projects and how it has impacted their growth π
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CCTV footage shows how the Ablekuma robbery incident happened
Daylight bullion van robbery
The robbers exchanged fire with two police officers escorting the bullion van transporting the cash
One of the police officers was shot in the attack during an exchange of gunfire