places there's a ton of crypto communities but in nearly every single one you see almost the same level stupidity repeated again
and again.
*People assuming crypto is only for big brain plays no one *really* understands like Ethereum, Polkadot, Chainlink, etc.
*People shilling the next vaporware AI token.
*People asking what is the next meme token
It really seems like very few people are interested in or even understand what crypto really promises to do.
I would still say crypto is new, but it is about much more then bringing finance on chain and building things that are geared
towards enterprise customers.
When I think about crypto I like to think it's also about creating a new internet that mainstream consumers will also be able
to take apart of. When I say mainstream consumers I mean stop what you are doing right now, put on some clothes, go outside,
and take a look at the people you see outside. I am talking about regular people.
This is my main point and this is the point that will be sprinkled all over this post. I am interested in projects that are
producing CONSUMER LEVEL PRODUCTS for the AVERAGE PERSON. I am not interested in having a conversation with
you about the future of tokenization (bright IMO), oracles (again bright IMO) or AI (iffy IMO). I am all about CONSUMER
LEVEL PRODUCTS for the AVERAGE PERSON. So if you're like that, that's great, but this post is not for you, and I
suggest you get lost
.It seems like there are so few projects that are geared towards regular people and the ones that are have not sufficiently
abstracted away the complicated concepts to make it usable - AND there doesn't seem to be any plans to do so.
Introducing Catgirl Coin
Catgirl is a gaming project that was launched May 2021. It launched with the cute slogan "Create, Collect, Engage" and it is
all about "creating," "collecting" and "engaging" with digitally engineered Catgirls.
Now at first glance this project may seem cute, or maybe even a joke to some people but I will argue why it is actually a monster
in disguise.
Catgirl's idea has always been very simple. It's an idea that a few hundred entrepreneurs have tried in various slight formats but for
some reason or another they couldn't exactly execute. Their idea is simple, create a *BRANDABLE* meme name to attract as
much attention as possible, and then create an actual ecosystem to MONETIZE the attention in a way that leaves players
happy, wanting to come back, and is not a scam.
The idea to get as much attention as possible and then convert the attention into an actual non-scam ecosystem is so
monumentally simple that I am still amazed that if you look at CoinMarketCap's list of coins and you made a list of every
single coin there, the top 1000 of them, it still amazes me that this is the only project that has managed to do that.
Catgirl is creating a dress up game to compete with LoveNikki. LoveNikki is a web2.0 game that has a top app in the app
store. At it's peak they were making somewhere around 7M/month but after neglecting users for so long, their revenue
is now estimated at about 1M/month.
Now... the interesting thing with Catgirl as it relates to GameFi is that it's one of the only use cases that I've seen that works
so far. You know, the thing with Catgirl is that, people who play dress up games actually want to spend money on in game
items... and... they actually want to own it. They feel connected to it and it brings them joy. So this is interesting, because
we're led to believe that you know GameFi is like this thing where people will play games for money and it's like financializing
games where it's all about money and things like that but here it's just an added bonus. On LoveNikki, your character is
just pixels. You can't get your money back. On Catgirl, you can. But again, that's not even the main reason why it's
attractive to this demographic. You can actually OWN it. And people who play dress up games actually WANT to own it.
They also want to participate in an ecosystem where they can engage in dress up competitions and show off their
creations with their friends.
It's very fun.
It would actually compare it to the Reddit NFTS. Reddit said they hated NFTs until they were given some for free,
and now they feel so attached to them it's crazy.
Talking about Price/Marketcap/Chart
Now let's talk about everybody's favorite topic. How do I get rich!!??!!?!??! Chart messed up!?!?!??!?!
Here's the facts:
- Coin launched May 2021
- Had floor of about 1M I think.
- When Dapp was released in October went to 24M or so.
- Because of meme hype went to 240M or so.
- Then someone with $100M dropped $13M on it, briefly touched a billion MC.
(Last I saw in Feb 22 person had $100M in stablecoins so maybe a crypto billionaire by
now if smart).
- Ever since then been dropping and dropping, reaching a low of I think 7M in Dec '23.
- Mooned in March '24 to about 50M.
- Now trades at about 20M.
Conclusion
This is a good anime alt coin project that has the memability affect. It's not the future of finance. But it's a good
coin that again like i said brings an actual consumer level product to the marketplace which is what I care about.
The game (Unipaws) is dropping soon (this year) and I would not be surprised if with this and the fact that they
are going multi chain if it hit 150M or so and then with the meme effect it goes back up to a billion and *MAYBE*
competes with Shiba. Again it's all speculation but it's one of my favorite projects in the entire space.
Lastly...
Do not invest in projects you do not have conviction in.
Borrowed conviction only works for so long.
Take care and criticism welcomed.