RexJ

Crypto farmer

[RexJ @rexj137]

@MetaMask 🇸🇬

[JBond @jbondwagon]

Be like @opensea

Early Success:
> founded in 2017 on the thesis of being “Amazon/eBay of NFTs”
> raise $2.1Mn based off this in 2019
> be early to catch the NFT boom in 2021
> raise more funds with 3 new rounds
> generate billions in monthly trading volume and earn 2.5% from it
> make as much as $2.7Bn trading volume in a day in 2022
> push your valuation to be as high as $13.3Bn in 2022
> make a bank from NFT projects and NFT buyers without giving them anything back
> be adamant on dropping a token and/or rewarding users in 2021-2023
> make no improvements in UX and UI because you don’t need to as you’re the only legitimate NFT marketplace out there
> be involved with insider trading scandal led by one of your ex-employees who’s now in jail
> have your database exploited which led to emails & identities of your users to be divulged

Competitive Era:
> have your feet swept from the ground with the arrival of Blur
> make no improvements on UX/UI to be more trader friendly similar to Blur despite users asking for it
> do nothing as Blur introduced airdrop seasons that incentivized farming NFTs via bidding, listing, and wash trades
> try to defend royalties for yourself and NFT projects by objecting to lowering platform fees to 0% and royalties to 0.5% similar to Blur
> find yourself eventually giving in and following Blur’s fees
> see yourself lose market leadership in NFTs to Blur in the height of farming season
> watch Magic Eden transition from being a Solana NFT marketplace to being a multi-chain marketplace
> see some top NFT projects like Yuga Labs partnering with Magic Eden instead because you didn’t defend royalties vs. Blur
> watch Blur burn NFTs to ground by farming NFTs to death and launching their token $BLUR, then their L2, Blast
> watch Magic Eden do the same formula as Blur by incentivizing trading volume as they launch their token, $ME
> still be adamant about launching your own token despite your major competitors doing it

OS2 Era:
> tease that you’ll finally drop a token, $SEA, as early as Feb 2025
> launch OS2 in 2025 to cater to multi-chain NFTs
> introduce token trading (aka memecoins and such) to also be tradable in OpenSea
> lower platform fees to 0.5% similar to Blur before
> improve UX and UI for traders by copying Blur’s UX and UI before
> introduce gamified rewards via Voyages XP
> announce that 50% of $SEA supply will go to the community and the way for them to get it is to stack XP via trading
> announce in Oct 2025 that $SEA TGE will be in Q1 2026
> continue farming your users for a year by having 6 waves for $SEA campaign
> make an online live event on Mar 30, 2026 and excite your followers about the next phase of OpenSea
> break the news that $SEA will be delayed beyond Q1 2026 even before the Mar 30 event to manage expectations
> offer refund of trading fees from waves 3-6 to deal with the user frustrations but only offer waves 3-6 because these are peanuts compared to waves 1-2

Be early.
Be complacent.
Be stubborn.
Be a copycat.
Be late.
Be delayed.
Be disappointing.
Be like OpenSea.

[RexJ @rexj137]

@dfinzer At this point you can just announce you have rugged us, that's all.

[fr1ko.eth @fr1ko_eth]

Refund by Opensea looks very funny when you open the fees earned chart

Red zone - no refund
Green zone - refund

Waves 1 and 2 were more profitable for Opensea, but they're not refunding fees for them

[RexJ @rexj137]

@dfinzer @openseafdn So disappointed by your fake promise wave after wave... Just stop promoting and launch it whenever you all are ready!

[RexJ @rexj137]

@tMAIS0N LFV 🤙

[RexJ @rexj137]

@pudgypenguins Pengu Morning!

[RexJ @rexj137]

I just scored 436 treasure and 23 marbles on Floor 8 in Maze Of Gains! Can you beat my score? https://t.co/iANhpzzSsO

[RexJ @rexj137]

Check out your Abstract Wrapped recap on @AbstractChain! https://t.co/UV4DOeea0g

[RexJ @rexj137]

Just unlocked my Gas ID via ETHGas 🪪

I'm a Teen Jack with 0.6407 ETH spent on gas since Beacon Chain - now fueling my climb to the Gasless Future and earned 240 Beans already.

Reveal yours at https://t.co/SVN1wnOvMA

[RexJ @rexj137]

Every quest adds strength to the soil!

I'm collecting beans to fuel Gassy Jack's climb out of the gassy world 💨 Invite others to multiply the growth and share in the rewards. Jump in now👇

https://t.co/SJHCtIlvRm

https://t.co/SJHCtIlvRm

[RexJ @rexj137]

Introducing the Open Gas Initiative by ETHGas — a path to a frictionless onchain experience.

@opensea @Uniswap @base … it's your time to step up and sponsor gas for users.⚡

Get started here: https://t.co/AK2P7LgFdP
https://t.co/ZUnNHbLaJS

[ETHGAS @ETHGasOfficial]

Introducing the Open Gas Initiative - a way for protocols to subsidize gas for users, zero-code, for a seamless, frictionless onchain experience.

With OG cohort: @eigencloud, @ether_fi, @pendle_fi, @Velvet_Capital.

👇

[RexJ @rexj137]

@opensea Should stop supporting and let it become closedsea 💀

[RexJ @rexj137]

@opensea Come on... why are we getting another wave of farming...

[RexJ @rexj137]

Check out my Topaz Chest rewards! https://t.co/Ming0nb86n

[RexJ @rexj137]

@opensea Gm!

[RexJ @rexj137]

@pudgypenguins Pengu Morning!

[RexJ @rexj137]

@AbstractChain Gmabs

[RexJ @rexj137]

@frankythefrog 0x52f4d19Ce7D72e76689d3D4E6D17A0E6EDEeb9d4

[RexJ @rexj137]

@kumoruruNFT BRING KUMO BACK