BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
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Starting this week, users are able to deploy Base quests on Quest Terminal and complete Base quests on RabbitHole. Base is an L2 built by Coinbase on Optimism’s OP Stack, a public good that stands to benefit the Ethereum network. We’re excited to support Coinbase and their shared mission of economic freedom.
Base has already had $192m total value locked just three weeks into the network launching, with dozens of unique applications built on top like friend.tech and words3.xyz. We are excited to support new applications launching on top of Base, who can tap into RabbitHole’s crypto-native userbase using Quest Terminal.
If you want to get access to more quests on Base, consider bridging ETH to Base and building activity on a single wallet. The more activity you complete, the more you prove your value, and the more potential earning opportunities that you become eligible for.
The first Base quests are now live on RabbitHole, which include Tokepad and BaseSwap. Each quest enables users to earn NFT rewards which enable users to build their onchain activity in the Base ecosystem.
We invite you to start your journey on Base with RabbitHole today and experience what onchain summer has to offer.
Starting this week, users are able to deploy Base quests on Quest Terminal and complete Base quests on RabbitHole. Base is an L2 built by Coinbase on Optimism’s OP Stack, a public good that stands to benefit the Ethereum network. We’re excited to support Coinbase and their shared mission of economic freedom.
Base has already had $192m total value locked just three weeks into the network launching, with dozens of unique applications built on top like friend.tech and words3.xyz. We are excited to support new applications launching on top of Base, who can tap into RabbitHole’s crypto-native userbase using Quest Terminal.
If you want to get access to more quests on Base, consider bridging ETH to Base and building activity on a single wallet. The more activity you complete, the more you prove your value, and the more potential earning opportunities that you become eligible for.
The first Base quests are now live on RabbitHole, which include Tokepad and BaseSwap. Each quest enables users to earn NFT rewards which enable users to build their onchain activity in the Base ecosystem.
We invite you to start your journey on Base with RabbitHole today and experience what onchain summer has to offer.
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