Neo Tokyo News: 17 - 23 Aug 2024

Do With This Information What You Will

Neo Tokyo News: 17 - 23 Aug 2024

In this issue:

  • This Week in Neo Tokyo: Do With This Information What You Will (by PhoenixxDown)

  • A Case Study of a Four Day Forced Memecoin Hype Narrative (by Flower83)

  • Meet Your Neo Tokyo Citizens: Tim | Jpegtard (by Block Editor)

This Week In Neo Tokyo:
Do With This Information What You Will

The main story this week was, of course, last weekend's 3rd-year anniversary event held in Las Vegas. Citizens who attended have been sharing their experiences and photos from the event, which was kindly hosted at Citizen JRNY's gallery.

Here are some of the highlights:

If you missed it, here’s the recording of the Rare EVO main stage panel discussion. This was one of the most attended talks of the event, featuring some of The Citadel's most prominent builders discussing the topic of “Blockchain Gaming: Ready Player 1 or Mere Hype?”

Soon after that, the live stream of our 3rd-year anniversary party, including a rousing speech from our Project Manager, Firestorm, took place. “We are the blue-chip NFT collection that nobody includes on their lists.” It’s one of our many badges of honor! Plus, watch the announcement of this year's Most Valuable Citizens, presented by ButWouldYa.

It doesn’t stop there—Neo Tokyo won the prestigious award of Best Community at Rare EVO. Here’s the recording of that if you missed it. Was there ever any doubt? There’s no community like Neo Tokyo.

And of course, a special shout out to our sponsors of the event, Altura and Superverse!

This is how things shaped up with the NT content:

NT Plays - Watch a throwback episode of Firestorm and Citizen Orangie terrorizing the Shrapnel Sacrifice Zone! While you’re there, don’t forget to subscribe to our NTV YouTube channel to catch all the latest NT content as they get released.

Market Monday - “We are stuck in 60K HELL” was one of the main topics of discussion this week. Imagine saying that a year ago! The price action may be boring, but I’ll personally take this over complete annihilation and a methed-up SBF doing his best to ruin our lives. Also, we ask: What will it take for NFTs to come back? Plus, we get a recap from some citizens who attended Las Vegas, sharing what went down there. Listen back here.

Style Protocol AMA - This project needs no introduction, but here’s one anyway. Style Protocol makes NFTs and 3D assets usable in virtual worlds. Those avatars you see in Block Editors' "Meet Your Citizens" series? That’s their handiwork. The AMA team catches up with them to see what’s new. Listen back here.

NT x Magic Eden - Neo Tokyo was a guest on our platform partner's space to discuss the question, "What makes Ordinals stand apart?" Felix Norden joined the discussion to give his expert insight, alongside other prominent names in the Bitcoin space, to talk about this emerging sector. Listen back here.

Super Champs Space - Neo Tokyo joined the discussion on IP building as the #1 utility in NFTs. It’s hard to argue with that statement. Listen back to learn why here.

As mentioned, the 2nd annual Citizen MVP awards were bestowed on those who have been the best of the best over the past 365 days. Congratulations to the worthy winners: Crasher, LeBoomington, Cryptoetheus, fauve, and skartexx.eth. Their names are now etched into Citadel lore!

A new initiative has commenced where the Community Council will host one of their weekly meetings for all citizens to listen in. If you missed it... unlucky. These won’t be recorded for later listening. But make sure you catch the next one—they’ll be hosted once per month.

And here’s Ktrap’s bi-weekly report on the lay of the land when it comes to NT’s market activity. 77% of S1s are staked, 52% of S2s, and BYTES market cap is under $10 million. Do with this information what you will.

Until next week, citizens.

A Case Study of a Four Day Forced Memecoin Hype Narrative

The statement “slowly, then all at once” never rang so true. Tron is one of those chains that has been around since forever, but never really got recognition.

This week, however, things changed. Suddenly and fast. But also, briefly. I guess “easy come, easy go” is true as well in this case. In truth, not only did this narrative feel a bit forced, it was also short lived. Not that uneventful, though.

So what is happening over there and is it worth “bridging to Tron?”

On August 19th, Tron broke out of its slumber and into the main CT discourse when it flipped Cardano in market cap, effectively kicking it out on the top 10 cryptos.

Its weekly chart is also quite impressive, with an almost 20% gain.

Like hearing a battle cry, degens and gamblers from all over the world and from all chains started to bridge over there and deployed, collected and traded memecoins. “Go where the money is,” they shouted. This surge of activity and liquidity caused SunPump.Meme to briefly flip pump.fun.

And trading bot tools, such as SyraxAI were swiftly integrated:

Conspiracy theorists couldn't help but wonder if there is something more sinister in the background going on? There are rumors (with on-chain evidence) that Justin Sun removed some BTC as collateral for their stablecoin, $USDD, and is replacing that supply with $TRX, Tron’s own token.

Not a good look. Let’s try and avoid Luna 2.0, please.

Apparently, Tron also has some weird mechanism where you can instantly deploy and rug tokens, but it takes a while. After people realized this and that “there will always be jeets,” the party came to a halt real quickly:

Obviously, as is with any new narrative, there were a few guys that hit it big as well. But it looks like in general people lost money on Tron, just as fast as we do on Solana.

Overall, all of this reminds me of “Base season” and “Runes will be the end of all memecoins” and all the other forced BSC, Arbitrum, Toncoin and Sui and Sei narrative people tried to spin up recently.

Yes, each chain should have an equal footing, but in reality, Solana already kinda won. After people get rugged on other chains for a day or two, the eventual consequence is everyone bridges back.

See you on Sol. 🫡

Meet Your Neo Tokyo Citizens:
Tim | Jpegtard

  • Discord ID: jpegtard

  • Background: Industrial Engineer, Marketing

  • Entered Crypto: 2017

  • Joined NT: S1 Mint

  • Expertise: Marketing

  • Most Known For: Style Protocol, Twigg Advisor

  • Outside Interests: Biohacking

Tim has an impressive background as an industrial engineer and marketing agency owner with his company Cyber Centric. Not only that, but he has also scaled an online education company taking it to 7 figures before an exit.

Tim truly enjoys the core of marketing, which is basically evaluating data. When he discovered blockchain he was more than intrigued and entered the crypto space in 2017. He worked for Zip Protocol for about 2 years, and they built a product to bring NFTs into games.

He then moved to Style Protocol (the brand behind the 3D avatars in this episode) and helped them build a partnership with Neo Tokyo, as well as the marketing and product development.

After following Becker and Ellio on YouTube like so many other citizens, Tim joined the Citadel as a Day 1 minter. The early days were chaotic; Tim reminisces that there were about 15 channels and a lot of disorganization, but he knew something bigger would be coming out of the community, so he stuck around and the network effect has been worth it.

Tim’s specialty is marketing and he’s always happy to give citizens advice on any marketing questions they have. The core difference he noted between web2 and web3 marketing comes down to memes. In web3, a project can be entirely built on the foundation of a meme; something which is unheard of in web2. The understanding and ability to leverage memes is core to understanding marketing in the web3 space.

Interestingly, Tim is an advocate for personality tests in professional settings. He actually advocates for people to take one (16personalities.com) to better understand themselves and those they work with.

Tim now serves as an advisor to another citizen project, Twigg. As a decentralized publishing platform, Twigg is building a space for writers to publish immersive content and engage directly with their readers.

Outside of web3, Tim has a keen interest in biohacking. When asked his top 3 tips for biohacking Tim simply said, “drink water, get sunlight, and exercise.”

The full interview with jpegtard on Meet Your Citizens can be watched on YouTube.

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

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