Listen "How to (not) kill a crypto project "
Episode Synopsis
RIP Cryptovoxels.
With the passing of time, it's inevitable that we'll see many crypto projects fail and fold. While projects fail for myriad reasons, in the crypto space an unfortunately increasingly common reason why crypto projects fail is from deviating too far away from their original mission & community. This is usually not an overnight phenomenon, but instead occurs as a result of a million individual small decisions that compound over time.
Luckily there are many crypto projects that are keeping it 100 with their mission & community. Projects like AsyncArt, ArtBlocks, Manifold, NG, POAP and Monaverse exemplify the ways you can create a successful crypto project: have founders that use their project, passionately; build in public; listen to the community; bias for quality over quantity.
Every decision matters though. One major mis-step can sink a community and in turn an entire crypto business. Rizzle and I chat about the response to the SuperRare RarePass their released last week and the divided response from their community and the space at large. We also discuss the slow-motion train wreck that is Cryptovoxels as an example of pretty much all the things a project can do to ensure it fails.
Shout-outs & Shots-fired:
@supahmarbler @Tyrberg @Flynnjamm @0xSteady @fabianospeziari @monaverse @SteadyBreaks @cryptovoxels @bitpixi @bnolan @cent @artblocks_io @MattKaneArtist @niftygateway @maxosirisart @missalsimpson @poapxyz @worthalter @KnownOrigin_io @rarible @AsyncArt @ArtOnBlockchain @conlan @n0shot1 @OnChainChain @dfinzer @xanderatallahh @rareperkins @SuperRareRoses @SuperRareJohn @justinmmelillo @dccockfoster @gcockfoster @manifoldxyz @richerd @NonFungibleLuke @discord @Twitter @SuperRare @opensea
With the passing of time, it's inevitable that we'll see many crypto projects fail and fold. While projects fail for myriad reasons, in the crypto space an unfortunately increasingly common reason why crypto projects fail is from deviating too far away from their original mission & community. This is usually not an overnight phenomenon, but instead occurs as a result of a million individual small decisions that compound over time.
Luckily there are many crypto projects that are keeping it 100 with their mission & community. Projects like AsyncArt, ArtBlocks, Manifold, NG, POAP and Monaverse exemplify the ways you can create a successful crypto project: have founders that use their project, passionately; build in public; listen to the community; bias for quality over quantity.
Every decision matters though. One major mis-step can sink a community and in turn an entire crypto business. Rizzle and I chat about the response to the SuperRare RarePass their released last week and the divided response from their community and the space at large. We also discuss the slow-motion train wreck that is Cryptovoxels as an example of pretty much all the things a project can do to ensure it fails.
Shout-outs & Shots-fired:
@supahmarbler @Tyrberg @Flynnjamm @0xSteady @fabianospeziari @monaverse @SteadyBreaks @cryptovoxels @bitpixi @bnolan @cent @artblocks_io @MattKaneArtist @niftygateway @maxosirisart @missalsimpson @poapxyz @worthalter @KnownOrigin_io @rarible @AsyncArt @ArtOnBlockchain @conlan @n0shot1 @OnChainChain @dfinzer @xanderatallahh @rareperkins @SuperRareRoses @SuperRareJohn @justinmmelillo @dccockfoster @gcockfoster @manifoldxyz @richerd @NonFungibleLuke @discord @Twitter @SuperRare @opensea
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