We’re seeing more and more creators are embracing a web3 philosophy by shifting their communities towards more decentralized structures like DAOs, and exploring many different tools to enable them to capture and own the value of their communities. The common denominator? Social tokens.
Welcome to Social Money Times #20!
Who’s On A Roll – SO
1️⃣ WGM x MarbleCards. The second arena in our collaboration with MarbleCards featuring abstract artist and social token pioneer WhenGiantsMeet (WGMeets) is live. Enter the arena for a chance to win $MEM, $WGM, and an exclusive SuperRare piece by WGMeets!
2️⃣ Dharma acquired by OpenSea. Dharma, the Ethereum wallet dApp that can connect with your bank account, has been acquired by OpenSea. The Dharma team will be bringing its knowledge, expertise, and technology to OpenSea in order to power a mainstream-friendly way to buy, sell, and mint NFTs. You can read more about the acquisition here.
3️⃣ Coinbase x MasterCard. Coinbase has partnered with MasterCard to enable credit card purchases of NFTs on their upcoming CoinbaseNFT platform. This is another step towards classifying NFTs as digital goods and will help with mainstream adoption.
Harrison First Has a Plan
In a post on Mirror subtitled mini White Paper Harrison lays out his music career in web3 utilizing three pillars:
- 1/1 Music NFTs will be on CatalogWorks
- Multiple Edition NFTs will be on MintSongs
- Instrumentals and DJ sets will be on Myx
Each music NFT will also include utility around the drops, inducing giveaways of his token $FIRST, which acts as a governance token for the $FIRST DAO.
FutureFolio On the Future of $FUTR
FutureFolio, the podcast of Kevin Lum and @kalboom, launched their token by offering the community 100 $FUTR just for joining their Discord. Now they’ve laid out a roadmap of the $FUTR token and community in their latest episode.
WhaleShark Talks NFTs and DAOs
In an interview with SuperRare the famed collector WhaleShark gives some insights into how he picks NFTs, saying “Some NFTs are designed very well; technologically as well as aesthetically… It’s not as easy as taking the pieces that you did in the physical world, and then just taking a picture or JPEG and calling that an NFT.”
He also questions the longevity of the current PFP trend, adding, “People are going to make a lot of money on all of these portrait-based projects in the short-term. But in the longer term, when the mass market comes to adopt, are they going to be paying a million dollars, $2 million for portrait pictures?”
He credits his ability to pick the winners to the community of $WHALE token holders, “I’m very proud to say that the Whale Community DAO was the very first one to be able to manage an asset base of that size with all of the members that we have. It increases the quality of decision-making because people are voting on whether to acquire or whether to sell.”
“Hey! It looks like you’re creating art!”
Nigerian NFT artist Osinachi was profiled by the BBC for the work he creates using Microsoft Word. Initially rejected by traditional galleries his work has now sold at Christie’s and his most recent work, To Kiss a Frog, is listed on SuperRare.
DAOS on Roll
GenreDAO Launches DAY1 NFTs
GenreDAO, the community around Leaving Records, announced their DAY1 NFTs. As the first digital collectible they’ve issued since launching their $GENRE token, these NFTs allow the owner to access the Leaving Records tell.ie token-gated page and a unique room for NFT holders in the Leaving Records Discord. Proceeds from the sale will go into the DAO treasury which is managed by $GENRE holders.
The Vote is Unanimous
We love seeing the evolution of the $FIRST DAO. They just 100% supported the proposal for Harrison First to add utility to his NFT projects. This is just their third community vote on Snapshot and we’re excited to see the integration of an artist with their DAO community.
Update Your Token Logo: Did you know you can change your social token’s logo at any time on Roll by going into your account settings? You can update it, or just change it seasonally! (Note: changing your logo on Roll will only update it on the Roll platform. Your logo won’t automatically be updated on other platforms.)
Learn more at our FAQ.
Humans of Social Money: Sebastian Clej of ARTK
“My name is Sebastian ‘Basti’ Clej and I am the one who started the Asknights project back in 2018 but it got officially incorporated only on the 25th of September 2020 because for two years I mainly did research to study the emerging market. My expertise is quite diversified, with my main field being analytical philosophy, art theory, and entrepreneurship. I love trying and failing until I find the right solution in solving an important issue. Sometimes no matter how much research is done, testing and experimenting are key.
I studied analytical philosophy at the University of Aberdeen and then moved to London to mainly study the Philosophy of Art / Aesthetics. As an artist and collector, it is important to know art history so that you know what is more original and worth collecting.
ASKNIGHTS is aiming at being the most selective and curated NFT art marketplace with remarkable contemporary art pieces, futuristic vibes, and highly curated exhibitions, both physical and in VR. Back in the day, art used to be for the elite and not appealing to too many people because of it. However, with blockchain and the new web 3 architecture, things are changing for the better.
We’re also planning on building a multiverse with different NFT games within, combining different graphics and styles, from anime to photorealism and incorporating play-to-earn mechanics.
The Asknights (ARTK) token is going to be used within Asknights as a way to incentivize and reward engagement while also enabling our community to actively have a share of the value we generate. With $ARTK, you can buy exclusive NFTs from our wonderful and highly talented artists and in the future, it will also be used as a governance token in the DAO we’re slowly incubating within our Discord. Anyone is more than welcome to join our Discord and the DAO we are trying to expand in there. Make sure too follow us on all our social media channels so you can claim some free $ARTK here and there”. – Sebastian Clej, Founder of Asknights. Follow Asknights on Instagram & Twitter and join the $ARTK Discord.
Are you a creator or part of a social money community? Tell us what it’s like to be one of the Humans of Social Money. Ping us! 📩
By The Numbers
141 million – The valuation of the $WHALE vault in December’s audit by NonFungibles.
3.5 billion – The USD value of the total trading volume on NFT marketplace OpenSea for January so far.
Virtual UXinstanbul announced that Roll’s co-founder and CTO Sid Kalla will be a keynote speaker in the metaverse extension of their virtual conference, which will take place in April 2022.
Sid Kalla is good at keynotes! He gave the keynote address at the recent Metaverse Carnival, looking at the origin of user-generated content and how the value of UGC has been traditionally captured at the platform level. He notes that with the rise of web3 we’re seeing the shift to “user-generated capital.”
The video and a full transcript of Sid’s keynote, Social Tokens: User-generated Capital for a Web3-first World, are up on Medium.
Are there other opportunities in your community? Get listed by submitting to the Community Board.
Social Money Calendar
January 21, 23:00 UTC LADZ City Radio on $LADZ Discord.
January 22, 12:00 UTC eSports 4 Everyone on $1337 Discord.
January 23, 23:00 UTC SO META – a house party in the Metaverse on $INI Discord.
January 25, 01:00 UTC Known Origin x Giant Swan: Embedded NFTs on $WHALE Discord.
Get your community’s events featured on the Social Money Calendar. Tell us! 📩
Hope you enjoyed rolling with us this week! Reply to this email with thoughts or shoot us a DM @tryrollhq. If you’re a creator, we’d like to feature you in a future issue! Ping us at [email protected] 📩.
Grab 10 Asknights ($ARTK) 👇
This newsletter was sponsored by Sebastian Clej from ARTK. Grab 10 ARTK here or using the QR code above (only for the first 30 people).