The Revival of NFTs is Upon Us: Lindy Effect, @risingstargame and HIVE Onboarding

Think of the E-Commerce and gaming during the days of Dotcom bubble. There were many things promised and over hyped. There was even a massive crash that wiped out most of the projects. The ones that survived the crash managed to pull off amazing things. Do not let anyone tell you that blockchain gaming is dead. All we have is an industry that has a great deal of improvements left to be made. @risingstargame has survived through two bear markets and I won't be surprised if it survives the next two. I would like to present Lindy effect as an important concept to the discussion.

The Lindy Effect is a concept that suggests the future life expectancy of a non-perishable item, such as a technology, idea, or cultural artifact, is proportional to its current age. This means that the longer something has survived, the longer it is likely to continue existing. Mathematically, the Lindy Effect can be described using a Pareto distribution, where the survival function of an item's lifetime follows a power-law distribution. This means that the longer an item has been around, the more likely it is to continue existing for an extended period.

Lindy Effect provides a heuristic for evaluating the longevity and robustness of non-perishable items, emphasizing that the longer something has survived, the more likely it is to continue existing in the future.

Rising Star is A Historical Survivor

We might survive another 5 years if we play our cards right. It has been a pleasure seeing the game come so far from the old days. There have been new features and developments every few months. It is clear to see that the developers have a great deal of passion for what they are doing. We even have Music NFTs on Rising Star. How many people have even heard of music NFTs?

Being ahead of the curve sometimes makes a project miss out on all the spotlight. There is too much marketing hype and Venture Capital projects in Web 3 that does not have it in their hearts to build something that change the world for the better. We are not exactly saving lives on @risingstargame, but most of cryptosphere is only focused on making money in a manner that will make us more and more into a Dotcom bubble.

Celebrity NFT Projects Raising Their Heads Again

Telegram and TON (Telegram Open Network) seems to be doing better than everyone else in the niche. OpenSea, Magic Eden, Blur and similar marketplaces have been left in the dust when trading volumes are compared.

Keep in mind that Telegram app has more than a billion users. The friction when converting users into buyers is far easier when they already familiar with the app. Take a look at some of the things that happened all the while mainstream media and retail traders in general were more or less sleeping on cryptosphere.

It is logical to expect massive FOMO when normies start learning about all these market activities + performance. Telegram is a messaging app with some social media features. HIVE is a social media blockchain with some messaging features. @risingstargame already has a good community that continue to post and be active. It is hard to build a community that sticks around even through the tough times.

99% of DAPPs Have It Worse

Above statistic is taken from @sentipl's blog. It dose not give the best impression. It is not beyond saving either. The longer we survive; more likely it is for us to stick around longer. Altseason is barely starting out. It will take some time before the funds rotate into small projects like ours. One of the biggest problems is that HIVE itself has not been doing great in terms of active users. INLEO is doing the best job onboarding new users. Even that does not have the best retention.

Shoe Shine Mission Brings Another Shiny Card

The last time I wrote about Shiny Cards was when I got lucky with Shiny Happy People Mission. I had very good odds and soon gained the E65s The Crow. It has 3.5X Skill compared to the number of Fans. This is extremely valuable as my Ego is already at 7.34% and slowly rising as I do more Missions. It was a very good Card and I had one of the 11 copies. Luck with Shoe Shine Mission has not been that great. I'm definitely fine with this.

Every Mission cost 5 minutes + 0.001 STARPRO. This is utility for the Token which cannot be withdrawn anymore. Constantly burning STARPRO and even STARBITS is good for Tokenomics. Players don't want to take part in a bad in game economy even when there is no ability to directly convert earnings into real wealth.

None of the 16 Cards minted are on sale. Even I don't plain on selling mine if I get one from later Mission I do. R62s Chubby Subby is a rare Shiny Card. The 50 Luck it has is going to increase the Skill gained from Music Lessons. Skill is necessary to balance Ego. In the process of trying to get a R62s Chubby Subby, I am also helping out the game economy. I have kept 99% of the Cards I bought + earned + had from giveaways. I may have given away more Cards than I have sold. I plan to stick around for the long term and HODL for as long as I can. That might even be longer than another 5 years.

Happy Gaming! Happy Investing!

Posted Using INLEO



0
0
0.000
2 comments
avatar

We expected the number of players to decrease over time during the bear market. After all many players only play to make money not really try and take part in all the areas that the game has to offer. As the price of HIVE dropped the $ value of our tokens also dropped.
However during this time we dedicated ourselves to building our treasury and we are in a very strong position and it looks like we are on the cusp of alt season proper! If HIVE starts to climb in value then we will be able to start increasing the reward pools in the game and also buy back more tokens. This should encourage not only old players to return but hopefully new players to join.

0
0
0.000
avatar

I truly want this to work out. LEO has done a great job with increasing its price and marketcap. HIVE went up 15% over the last 2 weeks. We have a good chance of success. It is great to hear about the treasury being built.

0
0
0.000