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LGHTBased: I Need a Dev!
In August I minted Based. “A token for the early adopters.” Open for the whole month, it closed just shy of 46.5K tokens minted and over 33k unique wallets. The most resonant piece in my young onchain discography by many multiples. Immediately I felt understanding emerge in regard to Jack Butcher’s words about his Checks and Opepen projects. Retrofitted for this post, he spoke of the impetus to experiment with each collection (initially just single-piece open editions) coming after seeing the...
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Onchain is likely the next iteration of the internet. And if so, it’s where we have a legitimate chance of turning our cultural diversities into a more fruitful world. We are discussing an attempt at a renaissance unlike any feat in human history.Cultural UpdatesIn an abstract sense, the internet is a representation of the human race. Or at the very least, the human mind. Blockchains present a new wrinkle to this ever-changing web of ours. The provenance functionality allow us to put mile mar...
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LGHTBased: I Need a Dev!
In August I minted Based. “A token for the early adopters.” Open for the whole month, it closed just shy of 46.5K tokens minted and over 33k unique wallets. The most resonant piece in my young onchain discography by many multiples. Immediately I felt understanding emerge in regard to Jack Butcher’s words about his Checks and Opepen projects. Retrofitted for this post, he spoke of the impetus to experiment with each collection (initially just single-piece open editions) coming after seeing the...
LGHTThe Greenpaper: What it can mean for you to "join Higher"
Co-authored by: Jihad Esmail & LGHT.ETH - Higher is an internet destination: a vibrant network of designers, developers, artists, writers, entrepreneurs, and athletes, leveraging open technology to work ourselves into our dream lives. Higher is a network for your ambitions, for refining your worldview, and creating the world you want to see among people who get it. Every day, we push each other to achieve new heights, explore new ideas, and create new experiences. Members have created athleti...
LGHTOnchain Hypercultures: The Context-Fermentation Window
Onchain is likely the next iteration of the internet. And if so, it’s where we have a legitimate chance of turning our cultural diversities into a more fruitful world. We are discussing an attempt at a renaissance unlike any feat in human history.Cultural UpdatesIn an abstract sense, the internet is a representation of the human race. Or at the very least, the human mind. Blockchains present a new wrinkle to this ever-changing web of ours. The provenance functionality allow us to put mile mar...
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Pre-context for this paper:
Rough theory of the funnel:
Idea
Concept
Coin the metadata
Gather market cap, trading volume, holder distribution + social media metrics
Manufacture what has proven demand
Here are two examples you can view market cap, volume, and holder distribution:
Would be a premium ticket, ultra-high cost item. Requiring tens of millions in market cap floor, millions of dollars in trading volume for an extended period of time, etc.
Theory suggests if the markers are met, this becomes an undeniable way to garner manufacturing and sales. Much more than solely posting on instagram and seeing tens of thousands of likes. Partners have verifiable data to legitimize the venture.
This version being the more generalized aspect of concept market theory. Low-to-mid cost items and collections.
At this level, market cap, trading volume, and holder distribution need only signal there is appetite, compared to prolong market floors on high cost concepts.
Goal of the theory is peer to peer collaboration and production of goods and services previously siloed in digital fragmentation. You use ERC20 market data to help get your ideas on would-be-partners radar.
Taking the above merch example:
You coin a collection of merchandise and collectors items
There is a pop in users who buy small amounts of supply
You post your content on standard socials w links
Potential collaborators see market data and are incentivized to coordinate
We are a ways off from a realized version of this theory manifesting.
Concept markets, if a validated theory, are newborn. We don’t have interoperable and natively crypto manufacturing sectors yet. We also have not converted the majority of media and content producers in crypto to using ERC20s.
Zora is the sole platform with a content interface, and memecoin backend, that lends itself to concept market theory. And only a certain percentage of crypto consumers use the platform.
As such, the sole measure I’d feel comfortable suggesting to those who resonate with the theory, is to coin your concepts as they come. The beauty of blockchain technology is that at any moment the market can wake up and prove your concept ready for production.
Concept market theory is about creating leverage and more successful ventures.
Pre-context for this paper:
Rough theory of the funnel:
Idea
Concept
Coin the metadata
Gather market cap, trading volume, holder distribution + social media metrics
Manufacture what has proven demand
Here are two examples you can view market cap, volume, and holder distribution:
Would be a premium ticket, ultra-high cost item. Requiring tens of millions in market cap floor, millions of dollars in trading volume for an extended period of time, etc.
Theory suggests if the markers are met, this becomes an undeniable way to garner manufacturing and sales. Much more than solely posting on instagram and seeing tens of thousands of likes. Partners have verifiable data to legitimize the venture.
This version being the more generalized aspect of concept market theory. Low-to-mid cost items and collections.
At this level, market cap, trading volume, and holder distribution need only signal there is appetite, compared to prolong market floors on high cost concepts.
Goal of the theory is peer to peer collaboration and production of goods and services previously siloed in digital fragmentation. You use ERC20 market data to help get your ideas on would-be-partners radar.
Taking the above merch example:
You coin a collection of merchandise and collectors items
There is a pop in users who buy small amounts of supply
You post your content on standard socials w links
Potential collaborators see market data and are incentivized to coordinate
We are a ways off from a realized version of this theory manifesting.
Concept markets, if a validated theory, are newborn. We don’t have interoperable and natively crypto manufacturing sectors yet. We also have not converted the majority of media and content producers in crypto to using ERC20s.
Zora is the sole platform with a content interface, and memecoin backend, that lends itself to concept market theory. And only a certain percentage of crypto consumers use the platform.
As such, the sole measure I’d feel comfortable suggesting to those who resonate with the theory, is to coin your concepts as they come. The beauty of blockchain technology is that at any moment the market can wake up and prove your concept ready for production.
Concept market theory is about creating leverage and more successful ventures.
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