- Mint or Skip
- Posts
- Crypto Twitter has a new addiction (it’s weird)
Crypto Twitter has a new addiction (it’s weird)
Plus, Formula One team & Reddit collab
GM
I wake up every day to document the weirdest, cringiest, most creative and entertaining corner of the internet.
Today is no exception.
In today’s edition:
Crypto Twitter has a new addiction (it’s weird)
The Mint and Watch Lists
Four fresh drops
Links for the Mint/Watch list drops are HERE.
Did you know?
We have a premium pass that gives you access to a directory of every drop we cover, complete with detailed information on how to get on every whitelist (including those underrated ones that aren’t already full).
And for those curatooors out there, you can get free NFTs just by finding drops that end up on the Mint or Watch list.
Lastly, hang with me and the MoS team in a private discord with weekly voice chats. The vibes are great.
Would you like to be featured in Mint or Skip like the above ☝️ ?
Crypto Twitter has a new addiction (it’s weird)
A social media platform called friend.tech launched earlier this month and is quickly rising the ranks of “hilariously dystopian things that might also make you money”.
Here’s how it works:
People make accounts by linking a wallet and Twitter profile
This creates a token in their name that anyone can buy and sell
Buying tokens also gives access to a private chat with the person
Creators make royalties as people buy/sell their tokens (some are making a killing)
An airdrop is coming and transactions earn “points” that will apply
Since launching on August 10, friend.tech has hit 1 million transactions, 80k unique buyers, and a combined market cap that’s comfortably in the millions.
Not bad for a janky app made by an anon team and launched on a brand new layer 2 (Base).
What people are saying
Basically, you’ll find three camps…
This is a ponzi and will crash soon.
“People shilling it are grifting, and will walk away clean while you end up poorer and reading a dead chat.”
This is a ponzi and will pump soon (but then crash).
“A few big celebs will join Mon and Tues, then a huge wave of crypto people fomo in on Weds and Thurs. Then it gets sloppy.”
This is a huge deal and will get much larger than anyone expects.
“Here is my hottest of all hot takes: FT will have a month more profitable than OpenSea’s most profitable month.”
Bottom line
Friend.tech is a sign of where we’re heading.
Forget the app itself, which barely works, has a botting problem, and uses a hyper-aggressive bonding curve that won’t fly with literally anyone outside of the pure gamblers on crypto Twitter.
More importantly, friend.tech is an onchain spectacle. People are flocking to it because it’s social entertainment with stakes.
“Influencers as a stock market” is a very simple mechanic that is both ridiculous and addictive. There are a million reasons why it shouldn’t exist, but it’s hard to look away.
We’ve been getting hints all year that people want gamified event-like experiences.
Whether friend.tech breaks into the mainstream or dies a fiery death, it’s yet another sign that there’s a massive new genre on the way.
NOTE: These drops are lightly curated. Our only requirement is that they have recognizable founders. As usual, DYOR. To learn more go here.
Manifold × Onchain Summer
Manifold, the hugely popular minting platform for creators over the past year (including yours truly), is launching their own drop on Base later today as part of Onchain Summer.
The only thing we know for now is that they’ll be bringing some of their favorite artists, which just like the rest of Onchain Summer, we expect to mint as open editions.
Team Alpine Reddit Avatar Collection
We’ve got another big partnership for Reddit collectible avatars coming this Wednesday as Alpine, a French Formula One team, gears up (pun intended) for an avatar launch.
This was actually leaked last Thursday by @JPEGsForDummies, an anon Twitter user, only to get confirmed by Reddit themselves the next day.
Although Reddit avatar sales have slowed down recently, collaborative releases of this sort can attract new collectors, especially if the prices are affordable.
Transit by Heeey
A pleasant surprise for me recently has been the market performance of Bright, the debut Art Blocks collection from pseudonymous artist Heeey, who made a name for themselves by curating outputs from Tyler Hobbs’s QQL.
Recently announced Transit is their follow-up.
This affordable mint features art inspired by public transport maps, a muse we’ve seen a lot of this year.
Affine Pass
DeFi yield protocol Affine will launch their Affine Pass soon. It’s a free mint that provides discounts on protocol fees and priority access to their basket strategies.
The team has raised a total of $7M, with the latest $5M coming from big contributors like Coinbase and Circle this year.
The Mint List
Taproot Wizards. OG Bitcoin meme inscribed as ordinals
Genesis SFT Pass. Digital anime collectibles from a notable team
LUCI: Chapter 5. Follow-up from artist with esteemed collector base
10KTF PFP. Drop from a team that includes Yuga and Beeple
Shadow Hats. Ordinals drop from the creators of Forgotten Runes
Project Animus. RTFKT's biggest launch since Clone-X
Symbiogenesis. Square Enix's upcoming gaming NFT
Quasi Dragons. Innovative drop from an Art Blocks veteran
Sugartown Oras. Zynga, Farmville creators, releasing free NFTs
Memeland [TBC]. High-value treasure MVPs minting on BTC
Team
Giancarlo Chaux — @GiancarloChaux
Guillermo Martin — @pikanxiety
Jon Yale — @JonYale
Tell us what you really think
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