Creator Royalties Aren’t Dead + Abstract Chain Incentive Season

The podcast delves into the recent updates in the abstract portal, including a new gold tier that is more accessible for users. The host shares their progress towards the platinum tier and encourages listeners to explore these new tiers. Technical issues with the X cohost feature are mentioned, with a suggestion to switch to YouTube for better access. The importance of compliance in the crypto space is emphasized, referencing a sponsored interview with Albert from B token and Bissaufe brands, the first European company issuing tokens that translate to dividends.

The conversation shifts to managing interests on X, with Speaker 1 expressing frustration over irrelevant content and seeking to improve their feed. They discuss the potential benefits of adjusting settings within the abstract platform and highlight the app's transaction tracking capabilities. Speaker 2 notes that many users miss opportunities by not fully utilizing abstract's features, including lesser-known brands like Myriad, which allow users to earn points daily.

Speaker 1 elaborates on multipliers available on abstract, discussing the "triple farm" concept and the significance of badges as indicators of user engagement. They reflect on personal experiences with badges and advocate for effective participation in the ecosystem. The speakers express skepticism about the abstract Token Generation Event (TGE) reaching a high valuation, while acknowledging positive changes like the reintroduction of the badge program.

Engagement with platforms is encouraged, particularly in qualifying for higher tiers. Speaker 1 shares personal experiences of missed opportunities, while Speaker 2 stresses trusting one's instincts in trading. They discuss the negativity surrounding the OpenSea airdrop but remain optimistic about its potential value, highlighting the expertise of OpenSea's team.

The speakers note OpenSea's significant investment in talent and improvements in communication and operations. They mention various acquisitions that have bolstered their team and emphasize the importance of hiring professionals in communications and marketing for crypto-native brands. The chaotic nature of social media feeds is also touched upon, with an invitation for listeners to share absurd interests suggested by the platform.

The conversation highlights the importance of royalties in the NFT market, with GVC noted for generating significant revenue despite not always being among the top collections by trading volume. They emphasize the need for more collections to enforce royalties for long-term sustainability. The role of community in driving success is discussed, with active engagement and relationship-building among members seen as crucial for growth.

The speakers express concerns about the negative perceptions of royalties stemming from past bad actors in the crypto space. They critique the trend of removing royalties, suggesting it benefits flippers more than builders. The discussion acknowledges the complexity of opinions surrounding royalties within the community and emphasizes the need for honest business practices to ensure fair ownership.

Market behavior is also discussed, noting that individuals who previously shunned purchases due to royalties are now engaging in farming and trading crater coins. The session concludes with an invitation for listeners to join upcoming discussions and a reminder of the next scheduled session.