Is there anyone that can tell me why 10ktf show got cancel?
10ktf is one of the largest and earliest applications of $APE in web3 gaming and is owned by Yuga. People buy $APE to participate in 10ktf through crafting, recycling, and other integral parts of the game and lore. Onboarding the 10ktf community by reviving their weekly thursday show “presented by apecoin” would lead to increased awareness for both apecoin and 10ktf, but the direct way it would lead to $APE demand is through people buying and spending $APE during increased 10ktf participation. 10ktf has already integrated $ape into all its gamified functions
There were a couple tweets/threads about it, one from director of 10ktf and one from CEO at Yuga. Basically they are putting the shows on the backburner after laying off a lot of yuga employees/cutting expenses and focusing on integration of 10ktf into the otherside. In the meantime enthusiasm and participation in 10ktf has severely diminished - but the community is one of the strongest online (although disgruntled) and already fluent in and uses apecoin for their game (though I see barely anyone from 10ktf participating in the DAO)
I’d be looking for some level of proof that either of these claims are true.
Are you familiar with 10ktf crafting or recycling? They are basically the original actual use cases for $APE aside from yuga’s flash games
@mattborchert meant to reply that^
Yes, I’m aware. But, I asked for proof / data for a reason.
Yuga gutted the 10KTF teams as they were clearly trying to constrain costs and focus on what was likely to draw actual success for them as a business. If 10KTF and $APE spending mechanisms like recycling were generating meaningful levels of revenue, it’s very unlikely that this gutting would have taken place. This says to me that 10KTF wasn’t working as positioned. Major changes needed to happen as it was a financial drain on Yuga to keep operating it as it was previously running.
So in this case you’re specifically asking the DAO to essentially pay Yuga to continue something that they determined was a net-negative action, and so they discontinued it. With or without this show the recycling programs at 10KTF continue, yes?
If that is a yes, I’d really need to see data that shows this weekly show causes people to spend $APE in a manner that would make sense to offset the costs the DAO is going to take on. We’d need to see a lot of $APE spend volume to justify funding efforts like this.
Yuga is an extremely well funded private for profit business, and I don’t think the DAO trying to change how they run their business is the right move. My own assumption is that if compelling data existed to show such an investment was worth doing, Yuga would already be doing it. Alternatively the community could start weekly shows on their own to take the place of what was lost.
Yeah this is an AIP idea so I don’t have proof for you as to why promoting 10ktf leads to people purchasing $ape to participate in 10ktf sorry monkey chief
Genuine question, where do you think buying pressure for $APE comes from?
Speculation that number will go up. That’s what currently drives buying pressure. Even the spending from Dookey Dash / HV-MTL were absolutely trivial compared to overall daily volume.
At least we can agree on that, that is actually pretty much my exact opinion
That’s the reason I think the 10ktf show would be a positive momentum creator for apecoin too after being an avid member of bayc and 10ktf. But I don’t have any kind of numbers and you’re right I’m sure it’s not an immediately profitable endeavor based on Yuga’s actions, but it being profitable doesn’t really mean it doesn’t create buying pressure for $APE it did the whole time while it wasn’t profitable for yuga. but I do think it would create buying pressure, speculative and some actually used
Yeah, I mean to me the question is: does the investment generate enough interest in $APE to create more value than was spent. I personally doubt that would be true in this case, but that’s obviously just a guess. If we could gather some info on attendance of these shows, any increases in spend for things like 10KTF recycling during or immediately after the show (to correlate the data), that just helps build a stronger argument.
All that said, appreciate the time and effort you put into the AIP thus far and it will be cool to see where it goes. Opening up a meaningful dialog between Yuga and the DAO would be a win by itself, regardless of other outcomes.
I have basically no idea what you are talking about did you mean to write this comment in response to this AIP? I tried to understand what you wrote but I cannot, or relate it to this AIP
The show attendance metrics are actually quite high and publicly available - the show is distributed as tweets (and I assume on other social media platforms) but at least on twitter you can see metrics like reach, views, likes, reposts, etc. publicly. So I could probably put together a report on that if there was significant community interest
I am not sure how to gather the data on recycling during those times though. I also don’t think the show would lead to an immediate spike in recycling (aside from shows that incentivize recycling, which have occurred in the past) because they happen every week. The idea would be more like gradually onboarding people into 10ktf (and onboarding appreciative current 10ktf participants into the DAO), where apecoin is natively spent, and additionally using the reach of 10ktf to bring speculation and awareness for apecoin as people see “apecoin original” or “presented by $ape” or whatever on every part of the show (usually 4 tweets over an hour once a week that are either animations or images, pretty cheap stuff). Depending on the reach alone it may be a good way to advertise, but also probably not if done for the same price Yuga was doing it before (could basically fiverr that stuff out if it was needed)
Anyway thank you for your encouragement and taking the time to comment on/entertain this
the Fact that it would boost APECOINS buying pressure is really amazing
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I read through this thread and I think a new weekly show which is way more fun and shows all the fun ways to use APE makes more sense.
@LOR3LORD would be the ideal host for this show.
My daughter watched the current AIP reviews in video and said they are very boring. She likes what @LOR3LORD does in terms of content. 3 fun videos a week for each AIP would be great.
They then get people in to actually read the snapshot and maybe the details in discourse and increase voter turn out.
Just some thoughts.
N.B. I hold loads of 10KTF, maybe 20. So I am not against 10KTF but I agree Yuga should be working out how to get more engaged users playing the game and increasing its value. @mattborchert
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