In this issue:

• This Week in Neo Tokyo: Now the Big Game Can Begin (by PhoenixxDown)

• The Absolute Chaos of Magic Eden’s Airdrop (by Flower83)

Three Years Since Upload Day

This past week, December 6th marked the 3rd anniversary of Upload Day—the momentous occasion when many of us fully became one with the machine that is Neo Tokyo.

“Now the Big Game Can Begin” exclaimed our Dark Overlord.

Leading up to this, some of us solved riddles, participated in the bloody chaos of mint day, and competed in challenges to collect parts. Others made the Chad move, dropping hefty amounts of ETH, knowing something extraordinary was unfolding.

But however you got there, December 6th was the day everything came together.

Looking back, I found an old relic from my time in Purgatory Club.

I invite you to do the same—find what you wrote on that day (here’s a link to mine so you don’t have to scroll all the way back) and share it in the comments of our newsletter announcement post!

A New Mint Approaches

The day of the mint for The Sacred Writs draws ever closer, with just six days left now.

Did you, like I, not make the cut due to a lacking performance in The Whisperer? Fear not—there is hope for us yet. Keep notifications on and reply to the X post below for your chance at redemption!

This is how things shaped up with the NT content:

Interlinked #60 – Ben and Cryptoetheus hosted Neuro, founder of NeuralAI, to dive deep into one of the hottest crypto topics—AI and AI Agents. They explored how these tools can cut dev time from years to hours. What is NeuralAI’s role in this? Watch to find out.

Market Monday – The 100th edition of our flagship show brought a special guest—Pudgy Penguins founder Luca Netz! He joined us to celebrate this milestone and discuss the upcoming $PENGU airdrop.

Adding to the excitement, Elio stopped by to talk about his baby, SuperVerse. Listen back here.

Unfungible x NT #9 - Friday’s edition was all about Anime and Gaming, and featured co-host Ice and guests from Confliction, Today, Gangster All Star, and The Invincibles. Missed it? Catch up here, and watch for today’s edition in the Upcoming Events section.

Eden AMA - The AMA team welcomed LadyTraderRa and Eden’s founder Marcin Jastrzebski. Eden’s mission? Bringing nature and environmentalism to Web3. They’ve launched a free mobile app to help users locate wild fruit trees, herbs, mushrooms, and more! Catch the recording here.

MadWorld AMA - MadWorld, a PvP social survival game built on TON, made waves during their AMA. CEO Travis Boatman and VP of Product Josh Reads got right into the thick of it. Listen back here.

LOGOS AMA - LOGOS AI is set to revolutionize news consumption with their AI-powered platform. Co-Founders Nick Liverman and Eric Faust shared their vision for transforming how the masses engage with news. Listen back here.

Short Scoops

Citizen REL9X has been dropping fire wallpapers for all. Check out one here and scroll through their profile for more.

A warm welcome to Radiant Arena to The Citadel! Be sure to check out what they’re building here.

Skartexx dropped a glowing reference for Neo Tokyo following a meetup with fellow citizens. If you know someone who’d be a good fit for joining but they’re unfamiliar with crypto, or just on the fence, send them this banger of a post. I won’t elaborate further.

Upcoming Events

• Unfungible X Space - “Actually Enhancing Gameplay with NFTs”

  Today at 12:00 EST

• NT Plays: Kompete Mini-Tournament
  Sun, Dec 15th at 16:00 EST

• Citizen Networking VC
  Tue, Dec 17th at 17:00 EST
  Fill out this form in this announcement to join!

• Wilder World AMA
  Wed, Dec 18th at 12:00 EST

• NT Plays: WAGMI
  Fri, Dec 20th at 16:00 EST

Until next week, citizens.

Admittedly, all things considered, this was one of the best airdrops of 2024.

Let’s say I’d give it a 6.3/10. The fact is that there were so many bad ones that Magic Eden would easily take the top 5 spot on the leaderboard. Obviously, not everything went smoothly, but let's face it - it rarely does.

The massive FUD began a few days before their TGE with the release of airdrop allocation checker. People were under the impression that the amount of Diamonds we’ve been accruing will translate linearly to the amount of tokens one would receive.

While they did seemingly have an impact, there were many people who had the same amount of diamonds with different amounts of $ME eligibility. What's more, the allocations were skewed in a way nobody really understands or could explain and to this day the team didn't reveal their magical formula.

Another thing people didn't particularly like was their over-aggressive strategy to get new users “onboarded” to their own in-house wallet. They “forced” users to download the wallet to their phones, and only then they could link up all wallets from other desktop wallets to check the amount of $ME tokens they got.

Due to this convoluted process with extra steps, many people were typing their seed phrases into their phones as well as unleashing FUD on social media. The cherry on the cake was when they only allowed the token claim on mobile, so many had to send gas funds to these new addresses, effectively activating them.

This strategy is excellent if you want to boast about your user growth, since there were many addresses newly activated under the Magic Eden’s umbrella. While I do honestly respect the hustle, and understand the reasons behind this, for me and many others it still seemed a bit too forced.

Onto the positives now, and there are many.

First off, they actually allocated a fair percentage of the tokens to the community and didn't leave people starving, as many other projects tend to do lately. If you actively used their platform a lot, five or even six figures in rewards were not uncommon. Ordinals users especially were rewarded handsomely.

Second, the claim was (relatively) smooth and liquidity was good on DEXs as well as many CEXs, not to mention they managed to get on almost all major ones on Day 1. This resulted in positive sentiment and price appreciation after the initial sell off.

Lastly and perhaps the most important of all, they have chosen the perfect timing to launch in this bull market cycle.

At its all time high, the token had a staggering 10 billion market cap, surpassing the expectations of many, especially fudders. This is on par with many other major NFT marketplaces.

Overall, this might be the most convoluted claim to date and left many with mixed feelings and divisive opinions. But hey... at least they actually dropped the damn token, right? Unlike some other NFT marketplaces. Looking at you, OpenSea.

All content from Neo Tokyo News is for entertainment purposes only, and not financial advice.

That’s it for our 76th edition of the Neo Tokyo Newsletter. Be sure to subscribe and share with your friends so you don’t miss out on future content.

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