The Weekly: Pivot, Pivot, Pivot!
- Foundation pivoted to Rodeo on Instagram this week, and artists went full “REEEEE!” — exhibiting levels of hysteria not seen since XCOPY’s “Trumps a Fascist” tumblr era.
We recently rebranded the @foundation IG account to center @rodeodotclub.
— kayvon (@saturnial) October 23, 2024
Here’s why:
1. The @foundation IG account scaled up massively in 2021.
2. That audience has largely checked out and believes NFTs are dead.
3. We want to reach the IG community with a new message and…
Doomsday? - May 2016
— scooter (@0x_Scooter) October 22, 2024
A work that overlays atomic imagery on Trump’s visage, asking an ominous single-word question. pic.twitter.com/XezKSP9W1K
Heil President! - January 2017
— scooter (@0x_Scooter) October 22, 2024
A response to the newly elected president, this work references the authoritarianism associated with the 3rd Reich. It was posted to Tumblr with the sentence:
"You beat the Naz*s once America, you can do it again." pic.twitter.com/VBWH4lYzK3
- Batsoupyum shared his own thoughts on Foundation’s pivot, and “co-founder” Elpizo Choi chimed in — apparently “co-founder mode" is being relatively unknown while your partner gets repeatedly tarred and feathered.
Re: distribution this is what we tried with the Worlds product.
— Elpizo Choi (@elpizoch) October 23, 2024
Customizable storefront, storytelling tools, dashboard with analytics on views, collectors, sales…etc.
- Daniel of Transient Labs asked 'who are Zora’s and Drip’s hundreds of thousands of users?' — bots, Daniel, they’re called bots.
My Question of the Day:
— Daniel ◹◺ (@daniel100eth) October 24, 2024
Platforms such as Drip & Zora claim to have hundreds of thousands of collectors.
Where are they? Where did they come from? How engaged are they?
I do not have personal experience on these platforms. Honestly, I’m just curious how they pulled that…
October so far on @zora
— jacob (@js_horne) October 23, 2024
+ 4.5M mints
+ 373K collectors
+ >95% marketshare
+ 2.1M tokens traded on secondary
+ first >1000x post (>$3M marketcap)
+ @artrun_io launch + @songcamp_ music
+ 56K addresses that have earned rewards (ATH) pic.twitter.com/Evy5zsFQUM
bots are users too
— jacob (@js_horne) October 23, 2024
- SuperRarePerkins surveyed followers, asking “what’s the most annoying bug on SuperRare?” Thrice-rejected AI artist Makeitrad replied, “the application process.” — that’s actually a feature, not a flaw.
Their application process. Applied 3 times since 2021 and received crickets back. I clearly have been here grinding for years, a little acknowledgment would be awesome.
— makeitrad (@makeitrad1) October 23, 2024
- Guido Disalle, still haunted by his paper hands, vowed to never sell $LQC, swearing “moon or dust” — I’ve seen the $LQC memes, Guido… it’s gonna be dust.
I was early (one of the earliest) to: $MOG, $PEPE, $WIF, and countless others. I sold them because back then I hated money.
— Guido™️ (@GuidoDisalle) October 24, 2024
Now I like money and refuse to sell $LQC. Moon or dust.
- Margaret Murphy posted a selfie to pump memecoin $popo — but with that filthy mirror? The only thing I’m buying is $windex.
Me and $popo hittin’ the town.@poposolanacto pic.twitter.com/UKVPI6RTFb
— Margaret Murphy (@margaretonline) October 25, 2024
- Verse announced “Artist Rooms,” a space for artists to release work on their own schedule — the replies from artists were so enthusiastic that Verse had to say, “Thanks, we’re full.”
No open call for this one!
— verse (@verse_works) October 23, 2024
We keep a very close eye on Twitter though. If we’re not following you give this a like and we’ll make sure to do so.
Gm https://t.co/fdi2lmmnee
- Collage artist slimesunday mused about a future in filmmaking — a couple of Runway AI outputs and suddenly everyone is Hayao Miyazaki.
Ok, seriously need to start ideating for a short film pic.twitter.com/dUy9uqcjAk
— slimesunday (@slimesunday) October 24, 2024
- A.C.K’s Piano Blossoms hit the auction block this week with Avant Arte, with a healthy allocation won by Hivemind Capital — their curation thesis? “Just buy them all.” Definitely an upgrade from their Fidenza thesis: “sharp angles.”
.@lphaCentauriKid latest exhibition & release on @avant_arte saw 35 pieces (5 1/1's and an edition of 30) command >200 ETH in primary sales volume
— wayne simonetti (@memphis_mantis) October 24, 2024
Collector set ranged from funds (@HivemindCap & @zhang_matt ) to individuals (i.e. @DeeZe @MaryPatBing)
ACK 'Piano Blossoms' Flows pic.twitter.com/j5ovv1l5dz
- Farcaster hit $2 million in revenue in July, but has crashed to under $1,000 a day this October — you know it’s built by ETH maxis because they’ll see these numbers, and just say, “you wait, our time is coming.”
Remember Farcaster?
— Captain Zwingli 🍌🎙️ (@ChrisJourdan) October 22, 2024
They raised $180M, including $150M in May '24 with a billion dollar valuation!
On July 1st, Farcaster hit $2 million in cumulative protocol revenue
About 4 months later, cumulative revenue is only 2.34M
& has become nearly non-existent
per Dune; the… pic.twitter.com/BQ5QStNsO2
Farcaster has exceeded $1K in daily revenue only 4 times the entire month of October pic.twitter.com/0VaLvFpvCJ
— Captain Zwingli 🍌🎙️ (@ChrisJourdan) October 22, 2024
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