Nice job on the term co-determination TPan. I dig it. It's more realistic and possible to achieve than co-creation which just feels like the buzzword of the month.
A couple thoughts to share:
- I wonder how much holder participation is a result of being absent vs outright confusion. Some of these mechanics/steps are confusing AF. Sure web3 nerds love this stuff but when we onboard billions what are the tactics that will work for the masses? The blind box feels like the tactic that will really win here long term. It's simple and fun for users. Its correlates with IRL experiences everyone is familiar with - opening a pack of sports cards, blind box beanie babies and pokemon packs. Cyptoys is an interesting example that is really building an entire business using the blind box as a key component to create surprise and delight. Doodles Pharrell Pack another recent example of the blind box.
- Does veefriends burn island fit into co-determination? I can't decide. Right now I'm framing burn island as digital sweepstakes. Burning feels like one of the most powerful mechanisms to constantly bring users back and continually grab attention. I'm really impressed with Goblintown S2 which seems to be leaning into this concept in a big way. The mcgoblin collection has gone so low with very little liquidity. So they enable you to burn that collection in order to join a new more exciting collection.
I like this. Co-determination within the context of web3 sounds like something that should already be a phrase ;) (and now it is)!
Interesting & great research!
The Color Me Mine throwback 🤌
Nice job on the term co-determination TPan. I dig it. It's more realistic and possible to achieve than co-creation which just feels like the buzzword of the month.
A couple thoughts to share:
- I wonder how much holder participation is a result of being absent vs outright confusion. Some of these mechanics/steps are confusing AF. Sure web3 nerds love this stuff but when we onboard billions what are the tactics that will work for the masses? The blind box feels like the tactic that will really win here long term. It's simple and fun for users. Its correlates with IRL experiences everyone is familiar with - opening a pack of sports cards, blind box beanie babies and pokemon packs. Cyptoys is an interesting example that is really building an entire business using the blind box as a key component to create surprise and delight. Doodles Pharrell Pack another recent example of the blind box.
- Does veefriends burn island fit into co-determination? I can't decide. Right now I'm framing burn island as digital sweepstakes. Burning feels like one of the most powerful mechanisms to constantly bring users back and continually grab attention. I'm really impressed with Goblintown S2 which seems to be leaning into this concept in a big way. The mcgoblin collection has gone so low with very little liquidity. So they enable you to burn that collection in order to join a new more exciting collection.