Owner of *useless jpegs* and other crypto assets


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Owner of *useless jpegs* and other crypto assets

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It’s a Cashgrab!!
So, what’s this all about? Was it all just a cashgrab from me? Did you all just got played?
We have all been there, haven’t we? Rugged, deceived and sometimes even robbed/drained from our funds and wallets.
And what do we have to show for it? a couple of incriminating TXs that lead nowhere and a collection of useless and worthless jpegs …
Maybe all part of the game but it shouldn’t be, it destroys value for everyone and keeps normies away for a good reason.
But I’ll be blunt and honest: I do not have a solution for it, and this is not what’s it all about.
What did I just mint?
I’m sure more than a few of you had that question right after minting eheh
Congratz on the blind apeing … that’s how mostly cash grabs work, this was no different.
Of course I was taking a bet on my credibility, right along with you all, so I’ll forever be immensely grateful to all 105 of you that minted and to those that bought-in afterwards.
Now is the time where I tell you it’s just ART, right? LOL
No, it’s not even art, just a decent-enough image composition that’s hopefully nice enough that you don’t go hide it in your OS profile!
It carries utility, you know, that wonderful expression we use in the space to mean “hope we get something of worth out of this”.
But what kind? And to whom? This is what I aim to explain in this article.
It’s a tad of a long read - those that know me won’t be surprised eheh - but it has all the details and if you DM me asking, you’ll get re-routed here, so there’s really no way around it.
Series 0 NFTs
As the name implies, this is the beginning, the start of it all, the first asset in the Cashgrab adventure.
I selected Zora because in this special kind of contract it creates a liquidity pool in the end, by using 50% of the funds from the mint and adding an extra 10% mints to the collection, if it goes above 1111 mints.
What this means is that if you feel you don’t want to hold on to it, you can dump.
Yes, it’s just an erc-1155 NFT, but it’s not completely illiquid, there’s a way for you to get some funds back and get out even without any market demand or buying willingness for them.
I have also minted a large enough quantity (888) so I can help ease the price if it goes up too much (I sell some and lower it) and I’ll buy them up if they become too cheap and the liquidity is drawn out.
It’s all good, you’re ok to do whatever you want, Zora will maintain that pool running so there’s always some sort of way out regardless of what I do. You can rage-quit and still recover some funds. You can get some quick funds and later come back. Everything is possible.
I wanted OGs to have this possibility and allow anyone coming in new to join in some way to that group, despite having “lost” the mint when it was alive.
This will be the first NFT we’ll use and the one that eventually will be always around, but we’ll see about that.
Utility, aka, what are we doing with this?
So, in general, for Series 0 and anything following up, these are the activities I have planned for us to engage in and put them NFTs to good use:
1 - Gated access to advantageous opportunities for minting (from me and other artists, mostly from others eheh), raffles for existing or future NFTs from various artists and collections … and free giveaways. Sometimes it will imply burning them, other times not.
2 - Exclusive access to opportunities for burn-to-mint and pay-with-cashgrab to get new ART from collabs with artists or auctions from existing or future collections.
And there will also be some celebrative new stuff from me, cashbrab-related, that only holders will have the opportunity to get … but those will definitely be ART-only.
As you can infer, Cashgrab assets are basically all going to be on a deflationary journey as we burn through them to get the goodies.
That is the plan and the goal as well. In the end, we have assets we value more and enjoyed some fun together.
Wait! What about the erc-20 token??
Don’t really care about it! I know Zora implemented it but the liquidity pool is so short that it shouldn’t have any action. And since there isn’t an easy way for us to swap between both forms, I only care and work with the NFT side of things. You’re welcome to have as much fun with it as you want, though. Degen away … but don’t come knocking on my door about it, as I’m saying it right now, again: I do not care about it and I hope it gets zero action after this first week.
The Roadmap, aka, bait & fomo!
There is no roadmap, no empty promises and no grand plans for this!
I will not engage in deceitful pointless stuff meant to keep you engaged and your attention glued on to Cashgrab!
Using the language of the space: this will be, at most, a slow cook.
I plan on having a little something for us to engage with every month, on the weekends, when we’re more relaxed and it’s easier to get a few minutes away for considering it … but it’s not a promise or solid commitment, just an intention.
There may be nothing interesting to do … or too much interesting stuff from elsewhere! Not competing with fam and everything else, I want to add, not to piggyback, leach ot otherwise compete against.
Hope this makes it clear on wen Series 1?!
No idea! We’ll have no need for the next series while we still have this first one and it has not become too expensive to use for our goals.
Relax and take it easy, Cashgrab is not an actual cash grab and you’re not going to be in an endless repeat cycle for more of it. And Zora is your best friend should you just want out. Or you can ping me and we’ll sort it.
Communication, aka, discord, X group chat and others
There will be none of these for Cashgrab, sorry.
We all have too many of those already anyways!
Any and all communications regarding Cashgrab will be done using my X account.
I will work with a few key partners and consider establishing an embassy of sorts in a decent dc server, maybe a dedicated channel or something like that that facilitates announcements and reaching out, but that’s about the extent I will go to.
We have no real need for any of that right now, in my honest opinion, and I can already reach most of you with current fams and follows. If (and when) it becomes a necessity, we’ll revise it together and we’ll sort it out then.
Next steps
Now that it’s been clarified above on what we’re doing with Cashgrab, I will be doing a first run shortly - next two weeks at most - to try out a few things and be technically sure on the ways to use the assets.
These will be mostly experiments, don’t worry, I’ll be clear on all of it.
Remember to have fun all the way and enjoy the Cashgrab usage, you can always reach me on discord across all the fams and servers I’m in or on X GC’s.
TL;DR
Read all of the above!
If you’re not regretting hoping on already, be on the ready.
If you are, I’m sorry … go use Zora to exit but don’t become a stranger!
projectShift
It’s a Cashgrab!!
So, what’s this all about? Was it all just a cashgrab from me? Did you all just got played?
We have all been there, haven’t we? Rugged, deceived and sometimes even robbed/drained from our funds and wallets.
And what do we have to show for it? a couple of incriminating TXs that lead nowhere and a collection of useless and worthless jpegs …
Maybe all part of the game but it shouldn’t be, it destroys value for everyone and keeps normies away for a good reason.
But I’ll be blunt and honest: I do not have a solution for it, and this is not what’s it all about.
What did I just mint?
I’m sure more than a few of you had that question right after minting eheh
Congratz on the blind apeing … that’s how mostly cash grabs work, this was no different.
Of course I was taking a bet on my credibility, right along with you all, so I’ll forever be immensely grateful to all 105 of you that minted and to those that bought-in afterwards.
Now is the time where I tell you it’s just ART, right? LOL
No, it’s not even art, just a decent-enough image composition that’s hopefully nice enough that you don’t go hide it in your OS profile!
It carries utility, you know, that wonderful expression we use in the space to mean “hope we get something of worth out of this”.
But what kind? And to whom? This is what I aim to explain in this article.
It’s a tad of a long read - those that know me won’t be surprised eheh - but it has all the details and if you DM me asking, you’ll get re-routed here, so there’s really no way around it.
Series 0 NFTs
As the name implies, this is the beginning, the start of it all, the first asset in the Cashgrab adventure.
I selected Zora because in this special kind of contract it creates a liquidity pool in the end, by using 50% of the funds from the mint and adding an extra 10% mints to the collection, if it goes above 1111 mints.
What this means is that if you feel you don’t want to hold on to it, you can dump.
Yes, it’s just an erc-1155 NFT, but it’s not completely illiquid, there’s a way for you to get some funds back and get out even without any market demand or buying willingness for them.
I have also minted a large enough quantity (888) so I can help ease the price if it goes up too much (I sell some and lower it) and I’ll buy them up if they become too cheap and the liquidity is drawn out.
It’s all good, you’re ok to do whatever you want, Zora will maintain that pool running so there’s always some sort of way out regardless of what I do. You can rage-quit and still recover some funds. You can get some quick funds and later come back. Everything is possible.
I wanted OGs to have this possibility and allow anyone coming in new to join in some way to that group, despite having “lost” the mint when it was alive.
This will be the first NFT we’ll use and the one that eventually will be always around, but we’ll see about that.
Utility, aka, what are we doing with this?
So, in general, for Series 0 and anything following up, these are the activities I have planned for us to engage in and put them NFTs to good use:
1 - Gated access to advantageous opportunities for minting (from me and other artists, mostly from others eheh), raffles for existing or future NFTs from various artists and collections … and free giveaways. Sometimes it will imply burning them, other times not.
2 - Exclusive access to opportunities for burn-to-mint and pay-with-cashgrab to get new ART from collabs with artists or auctions from existing or future collections.
And there will also be some celebrative new stuff from me, cashbrab-related, that only holders will have the opportunity to get … but those will definitely be ART-only.
As you can infer, Cashgrab assets are basically all going to be on a deflationary journey as we burn through them to get the goodies.
That is the plan and the goal as well. In the end, we have assets we value more and enjoyed some fun together.
Wait! What about the erc-20 token??
Don’t really care about it! I know Zora implemented it but the liquidity pool is so short that it shouldn’t have any action. And since there isn’t an easy way for us to swap between both forms, I only care and work with the NFT side of things. You’re welcome to have as much fun with it as you want, though. Degen away … but don’t come knocking on my door about it, as I’m saying it right now, again: I do not care about it and I hope it gets zero action after this first week.
The Roadmap, aka, bait & fomo!
There is no roadmap, no empty promises and no grand plans for this!
I will not engage in deceitful pointless stuff meant to keep you engaged and your attention glued on to Cashgrab!
Using the language of the space: this will be, at most, a slow cook.
I plan on having a little something for us to engage with every month, on the weekends, when we’re more relaxed and it’s easier to get a few minutes away for considering it … but it’s not a promise or solid commitment, just an intention.
There may be nothing interesting to do … or too much interesting stuff from elsewhere! Not competing with fam and everything else, I want to add, not to piggyback, leach ot otherwise compete against.
Hope this makes it clear on wen Series 1?!
No idea! We’ll have no need for the next series while we still have this first one and it has not become too expensive to use for our goals.
Relax and take it easy, Cashgrab is not an actual cash grab and you’re not going to be in an endless repeat cycle for more of it. And Zora is your best friend should you just want out. Or you can ping me and we’ll sort it.
Communication, aka, discord, X group chat and others
There will be none of these for Cashgrab, sorry.
We all have too many of those already anyways!
Any and all communications regarding Cashgrab will be done using my X account.
I will work with a few key partners and consider establishing an embassy of sorts in a decent dc server, maybe a dedicated channel or something like that that facilitates announcements and reaching out, but that’s about the extent I will go to.
We have no real need for any of that right now, in my honest opinion, and I can already reach most of you with current fams and follows. If (and when) it becomes a necessity, we’ll revise it together and we’ll sort it out then.
Next steps
Now that it’s been clarified above on what we’re doing with Cashgrab, I will be doing a first run shortly - next two weeks at most - to try out a few things and be technically sure on the ways to use the assets.
These will be mostly experiments, don’t worry, I’ll be clear on all of it.
Remember to have fun all the way and enjoy the Cashgrab usage, you can always reach me on discord across all the fams and servers I’m in or on X GC’s.
TL;DR
Read all of the above!
If you’re not regretting hoping on already, be on the ready.
If you are, I’m sorry … go use Zora to exit but don’t become a stranger!
projectShift
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