Ecosystem Analysis August 22

Last weeks have shown a tremendous need for more transparency and accountability in our space, in order to restore TRUST

keeping in mind that the endgame should be mass adoption with wealth distribution

Thoughts below 👇👇

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the adoption challenge and the root causes
solutions I'd like to see
what we can all do
what I'll start doing to contribute

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We all agree that blockchain tech will be massively adopted, people will use it without noticing it (most don't wanna know it's an NFT) but layers are competing vs each others and not all win

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<aside> <img src="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" width="40px" /> maxbrs.sol @Max___Brs: And indeed with the current NFT bear period, the overall number of people being active is either stable at best, or declining.

credit @HelloMoon_io @cryptoslamio

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https://pbs.twimg.com/media/FaIiN6WVUAA9_y-.jpg

https://pbs.twimg.com/media/FaIiON_VEAAUIok.jpg

https://pbs.twimg.com/media/FaIiOerUcAAVZav.jpg

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<aside> <img src="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" width="40px" /> maxbrs.sol @Max___Brs: We're probably between 40-50k real people here, imagine if we go to 500k or 5M ! Which isn't unrealistic

But we don't listen to new joiners and get their feedback to improve their onboarding. Most of the ones I know IRL who have tried Sol NFTs the last months have left.

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<aside> <img src="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" width="40px" /> maxbrs.sol @Max___Brs: The feedback is always around smth like: a- I don't know how to navigate or find good content b- I don't have access to WL c- Because of a- I follow the most famous people on CT d- I buy on secondaries based on their posts --> I get rekt and don't trust the space

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<aside> <img src="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" width="40px" /> maxbrs.sol @Max___Brs: So there are 3 things we all need to fight : 1/ Rugpulls accountability 2/ Educational desert 3/ "Mass insider trading" (I'll expand on this one!)

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The lack of accountability though puzzles me, either from hard rugs or slow rugs. The team behind can just rinse and repeat endlessly.

Everyone remembers these crazy 30k sol mint with Yogi, Solsouls, etc.

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<aside> <img src="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" width="40px" /> maxbrs.sol @Max___Brs: The solsouls team then moved on to create the Nova candy machine which many projects team paid to use. While the project went to 0 (last post on twitter is Nov 29th, 2 months after mint). And no one cared about it.

It's just an example as we all have dozens.

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There are very good content and places to learn for free, like @solnftradar or @TheDiggersDAO (French)

But content is mostly fragmented and scattered

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Some say that alpha calls are insider trades. Alpha to me are calls based on information released by the project team, not more.

Even though there are no rules in web3 as NFTs aren't a security, it doesn't mean we can act in an immorale way!

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<aside> <img src="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1490815890920771595/vqOjeTA5_400x400.jpg" width="40px" /> maxbrs.sol @Max___Brs: For example, undisclosed influence marketing is forbidden in almost mall countries, though the majority has not made it prosecutable.

A few countries did it recently like South Korea or France and it's being reviewed by the FTC for the US

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Any consultants / advisors in the world can't buy or trade shares of companies they advise, or even companies advised by their employer

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Hart to trust the space when one of the the major actor shills a cashgrab stealth mint

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There are number of things I'd like to see and I'll support any initiatives going in that direction, non exhaustive list:

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More transparency from projects, either pre or post mint.

It's up to us to ask for it and raise the quality of projects being launched.

Owning an NFT should give some sort of shareholders right to see the project finance for example

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Better educational content and platform

There is a need for centralized ressources to guide new people, as well as logging the market knowledge which is CT collective memory at the moment!

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Vesting for private sales

This is good system for large investors buying bulk When you make a seed participation in startups, you know your investment is locked but you do it because your have a discount on the shares by being early

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advisors and marketers paid in sol and not in allocation

Using fixed paiement + variable paiement based on KPIs would achieve the same goal fo both project and advisor, there is no reason to keep giving large allocations

And of course marketing being undisclosed

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ease or change the WL meta

Stopping large allocation will already help to solve the WL accessibility but probably not enough

@PrimitiveMoney shared some interesting details here

primitivemoney.substack.com/p/the-whitelis…

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