Dave led the group in a Jolene tribute to honor Dolly Parton after news of her passing. NatNat shared that the song held special meaning with her mom, while Moni noted recent health struggles. Dave decided against any boob jokes as it felt too soon.
Dave highlighted the Galactic Gang mint sitting under 3000 of 5555 at above mint price on secondary with floor below mint. DocNooNoo expressed skepticism over the large supply and noted fud from an existing 2021 collection with identical art style that AlphaGamer confirmed after community discovery. Landy advised cutting supply, issuing refunds to public minters, airdropping remaining supply to holders and letting secondary sort it out to avoid killing the collection.
0:07:01Collab manager dynamics and overestimated demand
0:11:12Rejection of NFT gaming utility as a primary value driver
0:19:23Strategic options for failing mints including supply cuts and refunds
DocNooNoo compared the mint to Coltherium's successful 44444 supply launch and stressed alignment between minters and genuine holders over alpha groups seeking profit. Tuxedo described launching an 888 supply ordinal art project at 6 dollars with no KOLs or collab managers by focusing on his real life cat rescue story and offering discounted mints to ordinal holders before going public. DocNooNoo and Dave agreed distribution and community curation matter far more than hype.
AlphaGamer pointed to Robinhood success stories like ScannerCat rising from 4 dollar mint to 900 and projects such as Stackers and Quotron driven by hold and earn mechanics, token burns, fusion burns and reward flywheels. Moni and AlphaGamer discussed recent mints like Bandits and Doll collections that sold out but saw sharp floor drops. Dave and others examined high floor prices and volume on projects like Quotron where burning a 3840 dollar token is required to mint.
NatNat rejected NFT gaming utility as a primary value driver. DocNooNoo and Landy discussed Base Mining Co Hoodblocks lottery mining pool model along with AI agent ideas while noting market liquidity exists but alignment and compelling reasons are required for larger collections to succeed.
“I was a bit skeptical on the the supply, to be honest. I think if they had kept this as a, like, a 02/02/2022 collection, obviously, it would have been stopped by now.”
DocNooNoo0:06:04Share on X
“First off, you... They're... They put themselves in a hard position by having too much supply. Like, they... We're we're not in, like, an NFT focused run.”
Landy0:19:51Share on X
“Two keywords. Flywheel Ponziomix. There you go.”
AlphaGamer0:40:59Share on X
“Gaming never was gonna work on blockchain. It's always... Right. Takes years to develop.”
“I just wanted to feel something.”
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Show discussion, not financial advice.
