November 22nd, 2021

The Helium Network Wants YOU To Submit HNT Prices Regularly
(It's Easier Than You Think)


The first rule of being an oracle is that you don't talk about being an oracle.

The second rule of being an oracle is to submit HNT prices early and often. Daily at a minimum; hourly would be great. Prices are reset every 30 blocks (30 minutes), and a majority of oracles must vote within a rolling 24 hour period for a price to be set. Otherwise we end up with stale pricing data and flat spots, like this nonsense:

October 8th, 2021

So you and your friends want to partybid on something in the cool new Foundation Collections, but the PartyBid.app frontend doesn’t support it yet? And the auction is over in 12 hours you say?

You’re in luck, we just hacked our way through this today, lofi permissionless blockchain-style!

Using a contract deployed via Etherscan and a custom lil’ web frontend, DefMicroParty pooled ~6 ETH and is now the proud owner of Jen Stark’s beautiful Microcosm #22

July 13th, 2021

I backed the Songcamp art collective’s new Elektra crowdfund on Mirror this morning. Pretty cool use of multiple crowdfunding and community-building mechanics, and the project itself is very stylish and narrative-heavy. Kind of like an ARG, kind of like a DAO, kind of something else?

The crowdfund used Mirror’s Editions feature to offer 3 different tiers of rewards, at 0.1 ETH, 0.3 ETH and 1 ETH. Per typical Mirror crowdfund, backers receive both a ticket-NFT and $ELEKTRA governance tokens proportional to their contribution. But this is also the first crowdfund using Mirror’s new Podium feature, which gives special NFTs to the top 3 bidders:

Ticket-NFT itself is a cool Top Shot-style 3D hologram video:

June 3rd, 2021
Screenshot of early PartyDAO designs
Screenshot of early PartyDAO designs

There was a livestreamed design session for PartyDAO on Monday, which was a lot of fun to watch. There's a public Figma board you can dig through to see.

The group is building PartyBid, an app for collectively bidding on NFTs a la PleasrDAO. It has been amazing watching this team assemble and start building over the last few weeks, and I believe it is a repeatable model we will see more and more often.

Their speed and quality has been comparable to a tight-knit, VC-backed startup, but it is definitively not that. The project started when Denis Nazarov posted an idea on Twitter: "wouldn't it be cool if you could deploy an automatic DAO to bid on an NFT auction?"[1] A group of people spontaneously organized, raised money from whoever would contribute[2] , and are now bringing open-source software to life. It's only been a month since that first tweet.

March 25th, 2021

I've heard the term "Coldie auction" mentioned in cryptoland a few times, but I didn't know much about its history. I know it best as the auction model used by Foundation, but it dates back to a manual process run by the artist Coldie, who has been selling cryptoart NFTs since 2018. Their preferred platform SuperRare added native support for this style of auction in late 2020.

The basic mechanics:

  • 24-hour timed reserve auction
  • Auction begins when first bid is placed
  • In Coldie's original model, any bid reset the 24 hour clock.
  • On Foundation, if a bid is placed in the last 15 minutes, the auction is extended by another 15 minutes

I believe this would be taxonomized as a timed reserve auction with bid-extension ? I'm not an auctionologist, but I do know that constraints breed creativity, and I am a sucker for overanalyzing game designs.

March 14th, 2021