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1/25 My $0.02 on the current state of #NBATopShot @nbatopshot...A Thread.
I joined Top Shot in early March...I had no idea at the time that a relative bubble had basically just burst in the Top Shot market. All I knew was I had seen some Tweets from @AwesemoDFS about this market
I joined Top Shot in early March...I had no idea at the time that a relative bubble had basically just burst in the Top Shot market. All I knew was I had seen some Tweets from @AwesemoDFS about this market
2/25 Like many, I was lured in (at first) by the opportunity to make some money off of snagging a pack, and when I sold a Facundo Campazzo Rising Stars for $350, I thought "Well...this is TOO easy!" (I had no clue at the time how challenges effect a moment's short-term value)
3/25 Now, before you peg me as a "pack flipper", or as @mbl267_NFT says, a "rent seeker", I never tried to withdraw, even though I got on a mini hot-streak with packs. I was simply having too much fun. My wife even let me put some more money in (Luka ASG for $1400...oye)
4/25 Since then my account, just like the rest of yours, is really red. And since then, I have followed many debates on what to do about this:
* Should Top Shot be doing more pack drops to keep people interested? Less drops for scarcity's sake?
* Should Top Shot be doing more pack drops to keep people interested? Less drops for scarcity's sake?
5/25
* Is the issue that there are too many requirements for Legendary drops? Or should they be scrapped?
* Should packs continue to be EV+? Do EV+ packs just encourage people to flip and leave? Or are they a key factor in attracting new users? (It's how they got me...)
* Is the issue that there are too many requirements for Legendary drops? Or should they be scrapped?
* Should packs continue to be EV+? Do EV+ packs just encourage people to flip and leave? Or are they a key factor in attracting new users? (It's how they got me...)
6/25 At the end of the day, all of these debates seem to want to solve the same problem...and that is, HOW CAN WE MAKE OUR MOMIES STOP GOING DOWN IN VALUE?
I feel like the answer to that doesn't lie in short term market manipulation. It lies in the user experience.
I feel like the answer to that doesn't lie in short term market manipulation. It lies in the user experience.
7/25 It is my hope that @rohamg and company do not get bogged down in the minutia of these debates, and instead focus on the whole user experience, especially new users. The latest push to speed up withdrawal access is a HUGE sign that this is in fact what they are doing...
8/25 No true collector is going to close their Top Shot account because they don't agree with the requirements for the next drop. But they might close their account if they get bored with the Top Shot experience as a whole:
Overall User Experience > Short Term Minutia
Overall User Experience > Short Term Minutia
9/25 So why have I stayed even though my account has been sinking like a Steph 3? I stayed because of the overall user experience, because of the community, because I LOVE the NBA and because I am having fun! As long as people are having fun, the importance of profits decreases.
10/25 Don't think people mind losing money if they are having fun? Perhaps you have not been to a bar in too long.
And in an odd, odd way, as the emphasis moves ever so slightly away from profits and towards having fun, I believe we will have begun to correct our "problem"...
And in an odd, odd way, as the emphasis moves ever so slightly away from profits and towards having fun, I believe we will have begun to correct our "problem"...
11/25 So, what are some ways to improve the user experience? Well, it simply can't be the case going forward that everyone on Top Shot will have easy profits. So we can check "free money" off the list. I am going to assume that Top Shot already knows this and is planning ahead.
12/25 IM(humble)O, there are three distinct areas that I hope (and am confident) Top Shot is focusing on. And they are:
Community
Utility
Fun
It should be noted that the debates that I referenced above do in fact fall into these categories. But they are small comparatively.
Community
Utility
Fun
It should be noted that the debates that I referenced above do in fact fall into these categories. But they are small comparatively.
13/25
COMMUNITY:
For some, this is the most important part of TS. I have encountered so many awesome and generous people through TS, like @economist @rudem00se @taylor_stein @MaxMinsker @joeswam @jennifer_sutto @StephSutto @topshotnoobie @HouseofKibaa @PlungeFather ....(cont)
COMMUNITY:
For some, this is the most important part of TS. I have encountered so many awesome and generous people through TS, like @economist @rudem00se @taylor_stein @MaxMinsker @joeswam @jennifer_sutto @StephSutto @topshotnoobie @HouseofKibaa @PlungeFather ....(cont)
14/25
COMMUNITY:
Sorry, gotta list more: @TheeHustleHouse @Doubleuwjr @TheReelPhilD @_GregMurray @topshotanalytix @RyleeTopShot @Tatyanna_Dumas @TheMegaWheel @WasabeeJ @doc_hustle_ @girldadNFT @FleoOfficial @Natestoo @MarsdenTopShot @TopshotQueen @TopshotTrill @jacksettleman
COMMUNITY:
Sorry, gotta list more: @TheeHustleHouse @Doubleuwjr @TheReelPhilD @_GregMurray @topshotanalytix @RyleeTopShot @Tatyanna_Dumas @TheMegaWheel @WasabeeJ @doc_hustle_ @girldadNFT @FleoOfficial @Natestoo @MarsdenTopShot @TopshotQueen @TopshotTrill @jacksettleman
15/25
COMMUNITY:
OK, where was I...oh yeah, the community. It is important that users feel that other members of the community are genuine. The presence of bots and multi-accounts harms the confidence people have in the overall community. I feel like TS...
COMMUNITY:
OK, where was I...oh yeah, the community. It is important that users feel that other members of the community are genuine. The presence of bots and multi-accounts harms the confidence people have in the overall community. I feel like TS...
16/25
COMMUNITY:
...(with the help from some 3rd party sites) has been clamping down on this recently. But, I hope they also know that this will be an ongoing battle.
I also feel as though a Trading Room and a chat room on the actual TS site will help foster the community:)
COMMUNITY:
...(with the help from some 3rd party sites) has been clamping down on this recently. But, I hope they also know that this will be an ongoing battle.
I also feel as though a Trading Room and a chat room on the actual TS site will help foster the community:)
17/25
UTILITY:
Utility is the future of NFT's. I think that the days of people paying millions of dollars for art that does nothing are coming to a close. So far, we have not seen much utility from our momies, aside from Showcases and Challenges. But the utility is coming...
UTILITY:
Utility is the future of NFT's. I think that the days of people paying millions of dollars for art that does nothing are coming to a close. So far, we have not seen much utility from our momies, aside from Showcases and Challenges. But the utility is coming...
18/25
UTILITY:
Utility in the form of Hardcourt, games like Swyysh, and (hopefully) NBA experiences/memorabilia/tickets. I'm talking bomb-ass, courtside seats next to Spike Lee (kidding...sort of).
I was impressed with the utility of the recently sold WWE Undertaker NFT...
UTILITY:
Utility in the form of Hardcourt, games like Swyysh, and (hopefully) NBA experiences/memorabilia/tickets. I'm talking bomb-ass, courtside seats next to Spike Lee (kidding...sort of).
I was impressed with the utility of the recently sold WWE Undertaker NFT...
19/25
UTILITY:
...The person who bought that WWE NFT also got:
*VIP Experience at Wrestlemania
*Personalized message from the Undertaker
*An Urn used by the Undertaker and Paul Bearer, which comes in a case signed by the Undertaker.
*An official championship belt
UTILITY:
...The person who bought that WWE NFT also got:
*VIP Experience at Wrestlemania
*Personalized message from the Undertaker
*An Urn used by the Undertaker and Paul Bearer, which comes in a case signed by the Undertaker.
*An official championship belt
20/25
UTILITY:
I have an irrational fear that the Hardcourt game will be subpar...I don't know why that is, other than I know a bad debut can ruin a video game...so I was happy to hear @rohamg say in the Discord yesterday that they are taking their time with this...Right on!
UTILITY:
I have an irrational fear that the Hardcourt game will be subpar...I don't know why that is, other than I know a bad debut can ruin a video game...so I was happy to hear @rohamg say in the Discord yesterday that they are taking their time with this...Right on!
21/25
FUN:
The NBA, basketball in general, and collecting memorabilia is supposed to be more fun than stressful. I hate when people FREAK OUT about things like pack requirements or something small like that, because if they were having more fun, they wouldn't get so upset...
FUN:
The NBA, basketball in general, and collecting memorabilia is supposed to be more fun than stressful. I hate when people FREAK OUT about things like pack requirements or something small like that, because if they were having more fun, they wouldn't get so upset...
22/25
FUN:
But how do you CREATE fun? I would love to focus on creating "Top Shot Fun" for a living (feel me @rohamg?) The Showcase Contest was a step in the right direction. Several of the accounts mentioned above provide great fun for the community. "ShotsforShots" was fun...
FUN:
But how do you CREATE fun? I would love to focus on creating "Top Shot Fun" for a living (feel me @rohamg?) The Showcase Contest was a step in the right direction. Several of the accounts mentioned above provide great fun for the community. "ShotsforShots" was fun...
23/25
FUN:
You know what's NOT fun? Losing money. One of my fears for TopShot are users who have joined in the last month, particularly users who do not have huge bank accounts. If they have been unlucky on Pack Drops, maybe they tested out TS by putting $50 in the marketplace...
FUN:
You know what's NOT fun? Losing money. One of my fears for TopShot are users who have joined in the last month, particularly users who do not have huge bank accounts. If they have been unlucky on Pack Drops, maybe they tested out TS by putting $50 in the marketplace...
24/25
FUN:
...so now their account value is down around 40-50%. They have not experienced the joy of cracking a solid pack. In addition, they are frustrated by the Legendary requirements, and they can't gift. In other words, they aren't having fun. How can they have fun too?
FUN:
...so now their account value is down around 40-50%. They have not experienced the joy of cracking a solid pack. In addition, they are frustrated by the Legendary requirements, and they can't gift. In other words, they aren't having fun. How can they have fun too?
25/25
CONCLUSION:
If the TS product were finished, we wouldn't be in Beta. If you have confidence in the TS team, just enjoy...there is SO MUCH MORE to come. In the meantime, TS, please continue to focus on big picture, long term goals, and don't worry as much about the minutia.
CONCLUSION:
If the TS product were finished, we wouldn't be in Beta. If you have confidence in the TS team, just enjoy...there is SO MUCH MORE to come. In the meantime, TS, please continue to focus on big picture, long term goals, and don't worry as much about the minutia.
