the internet has two native markets: crypto (digital financial capital) and attention (digital social capital) crypto apps take off when they combine them: polymarket, pumpfun and... persuasion markets. i wrote a full manifesto for what this future looks like (link below)
david phelps retweeted
Come play Ethereum Founders Lab Contest on @jokerace_io with me! We received over a hundred requests from teams for mentorship for founders lab, While we choose some teams after an internal review, we still wanted to get community vote on some applications. Out of the 13 teams here, Only 3 will get accepted into founders lab. - @fruteroclub - @0xCapx - @bondoncredit - @FetcchX - @OpenbandsXYZ - @ekailabsxyz - @AzosFinance - @AnyoneFDN - @piggywallet_app - @ballastmarkets - @twynexyz - Thema by @BrianRetford - @o_herminator's project - Voting begins in 10 minutes - Voting is active for 24 hours - Link to the contest in the next tweet
the difference between the sf tech scene and the nyc tech scene is that the nyc scene spends time with real people who have real interests. things like books. even movies. things that aren’t AI-powered nighttime erections. it is wild how this is framed as a negative
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abstract voters spent like 50k to get us to run contests on them—beating out polygon, megaeth, monad, etc in a classic auction bidding process, they would have just lost that money to win but with onchain contests, *they made money* *this shit* is why crypto is the future
thank you nikita, very cool!
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like i know this is small but having the head of the EF personally help get my message out that id love to work and build together i mean this is the shit that got me in this space in the first place
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speaking entirely from a place of self-interest as an app builder but yeah man i love the new EF
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and if you wanna run any of these, my dms are open and would love to meet in person in BA too
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david phelps retweeted
⛓️JokeRace will be running our official contests on Abstract⛓️ congrats to @AbstractChain for winning our community chain showdown 🏆 and to the voters who picked the winners in the tournament who made more than $80,000 in rewards
⛓️PICK OUR CHAIN AND EARN⛓️ we’re switching chains you decide who we build on and… you make money doing it 👇 📈$700 seeded rewards that keep increasing (rewards go up as people vote. in our last tournament, voters made almost $14,000) 11/5 vote on winning chains to earn 💰
finally a special shoutout to @0xPolygon, who fought long and hard as well here, and will always have a special place in my heart as the first chain that ever supported us we'll continue to be live on polygon and other evm chains so *anyone* can launch contests there
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by hosting a tournament to decide what chain we run on >we let our community decide >got to see which chain most actively supported us >onboarded a ton of new users >let chains bid to win us—*and* earn a ton if they won and thing is: you can run this for your product too. 👇 want to decide what chain you launch on next? what token you support? what pools you launch? what prediction markets you open? you can run a tournament on JokeRace to let your community make money by deciding—and giving you actionable feedback. this is why i'm so excited about building contests. in a traditional auction, these chains would have just bid up money to win us, and the winner would have lost the most. here, the winners *earned* the most, incentivizing far greater participation—and a lot more fun. voters made around 75k across these contests. i'm biased. but i really believe this is a better model in every way to incentivize community growth *and* make the best decisions for them. if you ever want to try it, you can do create a contest directly on our site in minutes (lots of recent improvements!), and my dms are open. best of all, in our case? we now have a new home with the community that showed up over and over to tell us how excited they were to use us. excited to be running our future on @AbstractChain for the indefinite future.
Excited to bring @jokerace_io to Abstract! Huge shoutout to the Abstract community for participating. We'll work together with the JokeRace team to make this a success 🤝
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one reason i was excited about vote-and-earn was that it let us run our own contests for others to fork really excited that's happening right now you can vote and earn in four contests, not just by us but @nounsdao @bloccelerate @superformxyz with 27k in rewards and rising
almost $27,000 up for grabs on JokeRace.io rn and they will keep going up as people vote 😈
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shooting my shot: if you're in buenos aires for devconnect and i can support what you're working on with vote-and-earn contests, i'd love to meet up dm me, and i can drop my calendly some marketing campaigns i'd love to support on: >bracket tournaments >contest for community to design your next product >"which chains/tokens/pool/market should we support?" >"which memecoin should we launch?" >feedback contests >AI agent showdowns >fandom showdowns >demo days >debates >art/meme/tweet/logo contests >reality tv shows?? dms open.
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on my new content arc (tweeting exclusively for @ktrivs and @DeFiDave22)
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it’s time to say the quiet part outloud. bushwick would have gone 100% for zohran if he’d met his wife on feeld
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david phelps retweeted
rewards hit $25,000 in 20 minutes, and will keep rising the more people vote pick the chain we'll run on. vote on the winner = earn a share of the rewards there's still 2.5 hours left to vote and earn 👇
⛓️PICK OUR CHAIN AND EARN⛓️ we’re switching chains you decide who we build on and… you make money doing it 👇 📈$700 seeded rewards that keep increasing (rewards go up as people vote. in our last tournament, voters made almost $14,000) 11/5 vote on winning chains to earn 💰
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"why crypto is actually kinda fucked right now," a brief history: >for years, all the money went to infra and none to apps >partly because apps didn't last and infra did >but mainly because apps earned revenue which meant you could calculate their value >ie, infra got all the money because it was memecoins, and there is no ceiling on memecoin value >but slowly, slowly, memecoins began to die. and infra valuations began to die with it >actual apps (including, ironically, memecoin apps) were generating major revenue >so for the first time, it made sense to invest in apps because they actually had longterm value accrual >infra tokens, meanwhile, were being sold off in year one by market makers who effectively shorted the token (by borrowing it) >so all the attention and money swung from infra to apps, right? >well no. because nobody wanted to invest in new crypto funds or startups >see, the markets had consolidated around long-term tokens like btc and eth that were free from the market manipulation of infra memecoins >effectively the money had gone from VCs to infra, and it was not coming back >so this is where we are today >everyone knows apps are the great investments, but nobody has money to invest in them seriously >everyone knows infra are turning into losing investments, but they have all the money >so there is only one solution here: infra needs to put its money into buying and building apps to survive >and until that happens, everyone in crypto—infra, apps, and VCs—is very fucked >except, of course, the bitcoin and ethereum OGs >and this is why crypto is actually kinda fucked right now
now up to $25,000 in first 15 minutes...
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abstract is dominating this, which may make you think "i should vote on abstract to earn!" but it's actually very difficult to earn from voting on a clear winner the real possibility this opens is for whales who support linea...
if you want to vote for us to run on abstract, your chances are good at making money two abstract voters spent like 30k today to win the semifinals and made a lot more in the process. they have decent money. but. that also means you could make a lot voting for linea. if linea wins, then you gain what abstract voters lose. if abstract spends 50k tomorrow and linea wins, almost all of that 50k will go to linea voters. but of course it takes real money to compete at this level, and you’d probably want to work with friends. so the choice is yours. do you want what feels like the safer option? or do you want what feels like the more lucrative option? as always, i personally would recommend just paying what you can afford to lose for the chain you actually want to win. and after tomorrow, only one will be left as the chain we officially run on. good luck
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$11k in voter rewards generated in the first ten minutes 170 minutes left honestly most exciting thing as a founder is to see people even more excited about your product than you are fuck man
Replying to @jokerace_io
it's time (actually though) 12-2pm et. vote and earn. pick which chain we run on: @AbstractChain or @LineaBuild ? jokerace.io/contest/base/0xf…
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david phelps retweeted
The Piggy Wordmark + Logo Contest is live on @jokerace_io 🐽 This contest seeks to establish Piggy’s identity and rally the community. The entry that receives the most votes will become the new official Piggy Wordmark + Logo. Enter the contest 👇 jokerace.io/contest/base/0x2…
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david phelps retweeted
Announcing the first-ever Onchain Founder of the Year vote at the BCVC Summit. For the first time, the BCVC Summit is taking recognition onchain - combining transparency, innovation, and community to honor the builders shaping what’s next. This inaugural Founder of the Year vote celebrates founders who embody vision, resilience, and impact - while showcasing how innovation and governance can coexist onchain. 🗳️ Voting opens: November 6 at 5PM ET ⏳ Voting closes: November 7 at 5PM ET 🔗 Cast your vote: jokerace.io/contest/arbitrum… Join us in recognizing the standout founder who moved the ecosystem forward - because visionary founders deserve recognition that stands the test of time.
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