We break down the state of the Meme economy and make comparisons to what we saw in the 2021 bull cycle. Memes on Solana have strong parallels to the NFT market on Ethereum from last cycle, especially when you compare revenue figures of the top marketplaces like pump.fun to Opensea. We give our thoughts on where we are on the timeline of meme mania and speak about the impacts memes are having on the broader crypto market. This includes methods of launching new projects by leveraging memes as a more user friendly go to market vehicle to onboard community and then adding complexity layers down the road to not off-put sentiment.
Also, when it comes to marketing narratives memes seem to be dominating the mind share so we discuss how we are approaching $NAT from a marketing perspective. Now that $NAT is weeks away from officially becoming Bitcoin’s second subsidy reward coin, how we classify this new coin is important for public perception. Some do not see $NAT as a candidate to fit within the existing market demographic of memes and rather see a new narrative formed around the coin that distinguishes it from the meme asset class due to its technical provenance to DMT and the broader mission of supplying Bitcoin miners with additional subsidy to sustain network security. We discuss our thoughts on this and also the liquidity dilemma when it comes to supporting Bitcoin assets. All sectors of the Bitcoin ecosystem are facing this problem and are actively working toward building solutions that can either bring more liquidity to Bitcoin from other chains or port Bitcoin native assets to other chains like Solana to benefit from those capital markets.
We interview Riorio from DCLPlazas.com, the leading provider of information, news, highlights, and so much more content describing whats going on in the metaverse. Rio is one of the original community members in Decentraland, giving him an extremely valuable perspective on the progression of the platform. The idea of an open decentralized metaverse is what initially attracted him to the space, and ever since then his mission has been to cover this evolution through the media platform he has created. Now dclplazas.com is expanding to cover additional blockchain based virtual worlds such as Somnium Space and Cryptovoxels.
We interview Kay from SugarClub, one of the most popular locations in Decentraland. Kay become one of the most successful creators on the MetaZone platform with over 40,000 in mana sales. We discuss what strategy did he use to achieve those sales numbers in 15 days, and what advice he could give to other creators. In our conversation, we get the origin story for SugarClub and how he sees DCL evolving on a weekly basis. We receive feedback from the creators point of view of how we should improve MetaZone for current and future creators.
We open up today's podcast with a speech from Steve Jobs from 1996 when he returns to Apple. He discusses the core values of Apple as well as the passion they have in the things they build. In our daily interactions we recognize there is a passion within the Decentraland community that fuels the creativity and development. This passion is what has fueled 1 million MANA in revenue through MetaZone all by creators. This is accomplished through only 20 creators where Metas are deployed at over 100 LANDs. The ability to accomplish something like this comes from the fact that Decentraland is an open market where anything can be built and the ones that survive are the ones who find a product market fit. Finally, we believe proof of work NFTs will end up being the most valuable NFTs.
We have returning faces as well as new ones on this week's roundtable discussions. New at the roundtable is OpenNFT and HPrivakos. We gather to debrief on this week's events in Decentraland and first up is the Business Conference hosted by DCLcore by Matty from DCLBlogger.com. There were 4 total presenters including MetaZone to discuss their buisness as it related to Decentraland. We pose the question on what kind of audience is Decentraland really focused on when it comes to building out the metaverse. We also recognize the thought process someone goes through when experiencing Decentraland for the first time as well as CryptoVoxels. Finally, with the help of HPrivakos, we get a peek behind the curtain as to why and how Decentraland works as a decentralized platform.
Decentraland Roundtable 6 is back with a larger group for a larger discussion. We get into it with some of the biggest contributors in Decentraland to discuss the idea of an open market for wearables. Does restricting the supply early on make sense to minimize the explosion of wearables? Will an open market render the existing supply valueless? We all agree that we have to limit nefarious content from showing up in the world so we discuss a few methods on how to do that. The real question is if you can limit one piece of content you could limit any piece of content. What's the most agreeable method to reasonably censor negative content? We then pick apart how decentralized is Decentraland when it comes to DMCA take downs and other possibilities of outside censorship. Finally, we discuss the flexible capabilities of being in the metaverse including a better way to experience a conference!