Welcome to the first edition of the graveyard shift weekly recap. The goal of these blog posts is to provide context going into each weekend's graveyard shift twitter spaces.
Yes you can mint the article for .00420 ETH if you would like and that is more to support our efforts each week and make the spaces better.
Currently we are all watching the ETH price go down, week after week we see red candles and tell ourselves a relief bounce is coming. But the green never shows.
Then on the opposite spectrum that pain is being countered by the vibes in the NFT market. We have huge events coming like NFT NYC and projects that have years of funding to make these web3 products ready for the masses.
At the same time everyone is refreshing their portfolios hourly, probably more. We see our net worth shrink, we don't trust the daily relief bounces and expect more pain.
All while everyone chants, "Zoom out", "The merge is coming", "Just wait until xyz web2 platform introduces their users to web3" and last of all, "this has to be the bottom".
There is truth in all of those comments to be honest, but at the same time they kinda sting in the moment. What can we grasp onto in these dark times?
In the end all we can do is look at the tech we use daily. Let the promise of the tech make the prices fade away. Looking at how we can all benefit from this crazy technology as a society can help ease the pain during the bear market.
Better days/years will come, how patient will you be? In a couple years make sure your footprint is seen. Make sure you contributed to the rise of a new technology.
Let’s start off with Apefest ticket registration and distribution. The simple answer here is: they did the best job they could to ensure or attempt to ensure that every holder could get into at least 1 day. There were ways for holders with multiple assets to move them to different wallets to ensure multiple days and that is their prerogative, but in the end I think they killed it. Hats off to BAYC and more so Token Proof!
This time in the market is going to hurt A LOT. It’s going to push A LOT of people completely out of the space to never to be seen again. That’s ok. That’s what happens with the massive swings in the early days of any “new” business or technology. Quick flippers and folks who have been over leveraged are driven away from the space, one way or another. I’m here for those that are going to be here through this small blip on the long horizon of NFTs and crypto. I’m here for the building, even when doing that building may seem lost. It will matter in a massive way in the not to distant future. The past year has made NFTs relatively easy. That is what brought in the numbers. That’s what drove the amount of daily drops. I’m glad that we won’t see that number of drops daily. It’s not sustainable. Stop throwing money/ETH at junk and get building. Save your ETH for those projects you have a deep connection with. Go stumble upon a dope new 1/1 artist or photographer in the space and COLLECT. It’s always darkest in the middle of a storm. Hold on Anon.
NFT NYC is right around the corner and I couldn’t be more excited. I cannot wait to talk with and hang out with my people for three long days. Let’s see if I can not sleep.
Last thought on our very first ever weekly recap. WE WANT MERCH. If this is you and you would like to rock a Graveyard Shift hat, T-shirt, etc, let us know as we create some fun and dope merch for the fam. We love you and we will be here through it all.
Anyone who follows me or has spoken to me in the past week knows, my attention has been completely absorbed by WAGDIE. There was an uptick in Theater Meta recently with NFTs and although many are copying GoblinTown and trying to capture their success We are ALL Going to Die isn’t just another cashgrab degen project.
There’ve been a lot of events within the last week, you can recap them in my pinned twitter post and mirror article: dontfeedthewolf.eth mirror. Many probably heard of the project that bought a 21e ape and burned it within 1 hour of purchase, but I don’t know how many heard they refunded panic sellers that sold during the 15 minutes or so OS briefly delisted. Or are aware how a Community has really gathered interest in this project, building fan-contributed websites, Fandom Wiki, and tons of creative content.
Unless you’ve been caught up in the lore, then I’m sure you also missed the creation and distribution of Tokens of Concord. 201 were dispersed to players who burned, as well as Field Notes given to those of us who are contributing to documenting the story and building community. This is an additional contract with ERC 1155 Tokens and they are being used to establish factions, reward certain behaviors and actions. Just earlier today, the Stalwart Research (the 8 of us who own 1 or more of the 17 Field Notes) were given a 5e donation from what we assume was the Devs after we setup a WagdieLore.eth address. (etherscan link)
But those are the catchy headlines. What’s really fascinating is how much attention has been captured by participants and how suddenly a bunch of strangers are part of a social experiment and actively playing a D&D Campaign on Twitter. Seriously there’s a lot of LORE and Character Development, the story and gamification are insane and I imagine it only continues evolving. We went from polls on twitter to snapshot voting for actions in games with Tokens of Concord counting for votes just as much as the NFTs.
For what seemed like another degen mint and I’m sure an assumed Goblintown Copy-Cat this project has been the most interesting thing in the past week or so as ETH and the Markets continue to plummet. Many of us have been so distracted we lost track of everything else going on.