Bored Founders👺 How Goblins ruined the NFT market?
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...and who is Joseph Lubin? 😎
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September 30, 2022 | Read Online
r-u-bored
GM! Happy Friday to all of you! 😎

Today is the last day of September, and the Fall is more visible both outside and in the web3 world. 🍂

BTC and ETH are down. OpenSea volume also.

We are used to red charts in September. Looking into the past, it was always a bad month for crypto.

One great news of this month: The Merge on Ethereum was a great success.

It was also great for the Bored Founders Club. We’re growing, preparing for the next bull market. Great article from one of the Bored Founders - Paweł Maliszewski. We also prepared for you some BFC stats.

Enjoy this mail ;)


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PS.  Learn more about BFC on our Discord
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Today topics:

👺 How Goblins ruined the NFT market?

🤓 Web3 People - Joseph Lubin

📈 WEB3 Express News

😎 BFC Corner - BFC Stats
HOW GOBLINS RUINED THE NFT MARKET?

May 2022 was the important cut-off date in NFT space. There was a release of GoblinTown.wtf, and everything changed.  

The old way was simple:

1. Create a cartoon NFT collection
2. Hire marketers and influencers, spend a lot of money
3. Create road map that no one reads
4. Call it a project
5. Gather a bunch of random people and bots on discord and call it a community
6. Release collection
7. Pray that those alive people among bots buy


In April 2022, the bear market started for real in the NFT space. The market was down. And then those Goblins appeared everywhere.

1. They had no road map
2. They didn't pretend they were making any community (traders and flippers don't count)
3. They didn't pretend they had any utility
4. Obviously, they had no road map

GoblinTown.wtf was a project which mocked past projects.

Now, in late September 2022, if You want to create and sell an NFT collection, You need to make it the opposite way:

1. You need to have (or create) a community
2. Those people need to spend time on a Discord server
3. You need to provide them real value
4. You need to solve their crucial problems, instead of making some fake road maps or tokenomics

And only then can you create NFTs and sell them to Your most dedicated few thousand community members, so they can feel like belonging to an exclusive club of people with tremendous value.



bfc-logo
WEB3 PEOPLE - JOSEPH LUBIN

Last but not least, Ethereum co-founder from the list. I love his description on Twitter ➡️ Building the decentralized Web 3.0 on #Ethereum. This is something that we support in BFC.
Who is Joseph Lubin?

  • Canadian - American entrepreneur.



  • COO of Ethereum Switzerland GmbH (EthSuisse).


  • Forbes estimated his net worth between one and five billion dollars in February 2018.


Links:


WEB3 EXPRESS NEWS

  • We already wrote about the “An0nymous” attack against the Bored Ape Yacht Club. They did it one more time. The message is the same. Honestly, I don’t know what’s going on here. Maybe any of you understand that repeated message? Feel free to reply to this mail. 📫

  • Vitalik’s new book was published. “Proof of Stake” is a compilation of various articles by Vitalik Buterin during the last ten years.
BFC NUMBERS
(BFC Corner)


At the end of September, we want to share some BFC stats.

Members: 914
NFT verified members: 359
Floor Price: 0.89 ETH
Total volume: 9.5 ETH
Unique owners: 96%

Followers
Twitter: 373
Torum: 406
Facebook: 1381

Blog posts so far: 12

Emails: 22
Subscribers: 1325
bfc-logo
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😎 It’s weekend time!

We’re Bored Founders Club.

In the web3 world, we’re never bored.

That’s all for this week - see you in October 🍂

Thanks for having us!



Authors:
Daniel "tuszcz12" Anuszczyk & Paweł Maliszewski

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PS. Introduce
yourself on our Discord! (channel: #introduce-yourself)
DISCLAIMER:

This newsletter is for educational purposes only. Do your own research.