Co-Founder & Growth Lead @PlayRumble_ || prev @Somnia_Network
Joined January 2024
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Brother we've already gone balls deep in and now we're coming out.
I don’t think crypto sentiment has ever been this bad, even post-FTX.
Everyone is calling each other out for grifting. VCs are pivoting into AI. Decentralisation experiment has been declared dead and renamed onchain finance.
I don’t think there’s a better time to build something radically new and prove everyone wrong.
Time to go balls deep all-in.
Krissdev retweeted
The next strong point to consider in order for a web3 gaming resurgence to happen, would be the sheer quality of games from web2 studios.
GTA6, COD modern warfare, Arc raiders etc. These are gaming brands with insane playerbases and brand loyalty
Competing would be genuinely tough and will take lots of effort/word of mouth.
if we are to revive web3 gaming, we gonna do it through learning from the past
we will neither say just fun, nor just rewards, nor we will be about giving a bunch of people paid deals so they make written content about us
we will rise through the clips, because people really wanna share it, we will ease the path to shareable content through attention to certain details, people will know there will be a web3 economy, ownership, but most important a game that can onboard gamers from outside of this place
because for a great game, and web3 parts to rise you really want a growing player base, and that won't come from a 3 day ponzi
if you're a web3 gaming creator simply clip more, share your clips not just on X but also in other platforms, that's how we will regain the attention
and then sprinkle what web3 offers on top of that, that's the way this space will expand once again
The next strong point to consider in order for a web3 gaming resurgence to happen, would be the sheer quality of games from web2 studios.
GTA6, COD modern warfare, Arc raiders etc. These are gaming brands with insane playerbases and brand loyalty
Competing would be genuinely tough and will take lots of effort/word of mouth.
if we are to revive web3 gaming, we gonna do it through learning from the past
we will neither say just fun, nor just rewards, nor we will be about giving a bunch of people paid deals so they make written content about us
we will rise through the clips, because people really wanna share it, we will ease the path to shareable content through attention to certain details, people will know there will be a web3 economy, ownership, but most important a game that can onboard gamers from outside of this place
because for a great game, and web3 parts to rise you really want a growing player base, and that won't come from a 3 day ponzi
if you're a web3 gaming creator simply clip more, share your clips not just on X but also in other platforms, that's how we will regain the attention
and then sprinkle what web3 offers on top of that, that's the way this space will expand once again
Krissdev retweeted
Let's take a minute to acknowledge how fed up the builders that had to learn software engineering for 2 years+ would be right now, because AI can do exactly what they do but at $0 cost and in just under 24 hours if the prompt is good.
I say this because I am one of those builders and I'm mad as hell.
Let's take a minute to acknowledge how fed up the builders that had to learn software engineering for 2 years+ would be right now, because AI can do exactly what they do but at $0 cost and in just under 24 hours if the prompt is good.
I say this because I am one of those builders and I'm mad as hell.
This story tracks especially when you consider how many unicorn companies have come out of solana.
Krissdev retweeted
I think it's common knowledge now that having holders alone isn't enough
Holding isn't enough because every tradeable asset typically needs a revolving door of net new buyers in order to continuously go up in value overtime.
NFTs aren't excluded here
I have to say this.
No matter the "quality" of wallets you distribute whitelists to, if there are no reasons to hold, people will eventually sell. Doesn't matter first day or 5-100 days after.
Founders these days worry more about sellers than focus on bringing in the right buyers.
Eventually, without sales, volume will be 0, which itself is net negative.
Build value.
Give holders reasons to hold.
Give collectors reasons to collect.
Your collection will find it's way back to the the right holders once jeeters are out.
I think it's common knowledge now that having holders alone isn't enough
Holding isn't enough because every tradeable asset typically needs a revolving door of net new buyers in order to continuously go up in value overtime.
NFTs aren't excluded here
I have to say this.
No matter the "quality" of wallets you distribute whitelists to, if there are no reasons to hold, people will eventually sell. Doesn't matter first day or 5-100 days after.
Founders these days worry more about sellers than focus on bringing in the right buyers.
Eventually, without sales, volume will be 0, which itself is net negative.
Build value.
Give holders reasons to hold.
Give collectors reasons to collect.
Your collection will find it's way back to the the right holders once jeeters are out.
Business 101: stay alive longer than your competitors.
Blur is shutting down in seven days, which means OpenSea will be back to almost 100% market share, up from like 60% a year ago.
We've gone from an abundance of existing (and upcoming) marketplaces to an effective monopoly. Established players like Magic Eden have shut down, and so have newer marketplaces like Spaace.
Revenue for NFT infrastructure is still low, so I don't know if we'll see any new startups here in the foreseeable future, not enough money here yet, only competitor I see is Gondi but they are still primarily doing loans
Krissdev retweeted
We're entering a trust recession.
And it is 100% the fault of marketers.
Here's what every market maturing cycle looks like.
Stage 1: Make a claim.
When the market is relatively young, all you need to do is make a claim that sounds reasonable to stand out.
Example: How to lose weight.
Stage 2: Make a bigger claim.
Here, the market has become slightly more competitive, and to stand out you need to make a bigger claim.
Example: How to lose weight in 30 days.
Stage 3: Introduce a mechanism.
At stage 3, the market has heard the same claim millions of times. So the way you stand out is by introducing a new mechanism.
Example: How to lose weight with keto.
Stage 4: Claim a bigger mechanism.
Here, even the mechanism has become saturated. To stand out, marketers have to make even bigger claims around the mechanism.
How to lose 30 pounds in 30 days with the carnivore diet.
At stage 4, the market is virtually saturated. And to stand out, marketers have to continuously make bigger and bigger claims only to stand out and get business.
Here's what ultimately happens, when everyone makes big claims, delivering on these big claims becomes incredibly difficult.
This results in customers getting burnt countless times.
The result? A Trust Recession.
For most markets, we're now at Stage 4. If you look around the timeline, you'll notice how launches need to be more and more clickbait, controversial, and hysteric, only to grab attention.
This is a byproduct of the market becoming more sophisticated.
And very soon, customers will tune out all claims.
They'd have heard "Replace your CMO with our AI agent" a billion times.
Nothing is new, everything feels the same.
If you're wondering why everything is now clickbait? This is why.
Krissdev retweeted
The core thesis of prediction markets here is to speculate on outcomes that people ALREADY care about.
That's just how it works
For Football teams, Olympics and other sports; bookies only exist because people care about what happens at the end.
I see the same thing happening for ALL games people care about very soon;
And we will lead this at METRO.🚄
Last night was special.
Election days just never get old for us at Polymarket. Watching regular people experience the beauty of market based forecasts as the results come in. How practically useful it is. How simple it is to interpret. When it clicks, it clicks.
It’s now routinely hours between when prediction markets call it versus the TV networks. The networks hold out until absolute certainty, and the suspense keeps it entertaining all night. No knock to them, but now there’s Polymarket, and many people are realizing they want to know what's happening in real time.
I know the industry has gained a mixed rap for a variety of reasons, many of which are criticisms with real merit. But I think I speak for both myself and my peers when I say we got into this because we really love the idea of markets being able to place a price on the future (e.g. Democrats had a 92% chance to take the House on Polymarket), and how that can help people better understand what's likely to happen and make decisions accordingly.
Our mission is to make sure we deliver on the promise of prediction markets, which was on full display last night. In the midst of so much noise around what we do, the American people get to see what Polymarket is really all about. Feels like one step closer to the dream. Onwards.