Newsletter #172: Inside the Hackathon
an entertaining glimpse into the world of crypto startups
This week’s featured collector is JKCash
JKCash is an artist whose images show the radiation of ether energy. Beautiful! Check out their artwork at lazy.com/jkcash
The results of last week’s poll: What do you think will be the primary outcome of the artists’ lawsuit against the SEC regarding NFT regulation?
NFT collectors, take note: A recent poll sheds light on the community's expectations regarding the artists' lawsuit against the SEC over NFT regulation. The results paint an intriguing picture of optimism and anticipation. A plurality of respondents, 46%, believe the lawsuit will force the SEC to provide clear guidelines for NFTs - a potential game-changer for the market. Close behind, 38% of those polled foresee a major win for NFT creators, suggesting a strong belief in the artists' case. Interestingly, not a single respondent expects the SEC's approach to remain unchanged or for the lawsuit to backfire with stricter oversight, indicating a widespread belief that change is imminent. A small but significant 15% anticipate an outcome not listed among the options, hinting at the complex nature of the situation. For NFT collectors, these results might signal a turning point in the regulatory landscape, potentially bringing more clarity and favorable conditions to the NFT space.
Minimum Viable Product: Inside the Crypto Hackathon with $350k Funding At Stake
A new documentary from Alliance offers an engaging and insightful look into the world of cryptocurrency entrepreneurship through the lens of a hackathon that awards $350k to the winning minimum viable product. We love how it captures the energy, creativity, and challenges faced by aspiring founders as they work to develop innovative blockchain-based and NFT applications.
The film effectively illustrates the iterative nature of product development, showing how participants refine their ideas through feedback and mentorship. It's particularly interesting to see the range of projects being worked on, from decentralized gaming platforms where players use unique NFT cards that change gameplay mechanics to AI-assisted smart contract creation.
One of the documentary's strengths is its portrayal of the collaborative yet competitive atmosphere of the hackathon. The interactions between participants and mentors provide valuable lessons on idea validation, user acquisition strategies, and the importance of differentiating one's product in a crowded market.
The documentary also touches on some of the broader issues and debates within the crypto space, such as the balance between appealing to crypto-native users ("degens") and attracting mainstream adoption. This adds depth to the narrative and helps contextualize the projects being developed.
While the film doesn't shy away from showing the challenges and potential pitfalls of building in this space, it is refreshing in its overall optimistic tone about the potential for blockchain technology to enable new types of applications and user experiences.
For viewers interested in crypto entrepreneurship, blockchain and NFT applications, or the culture surrounding cryptocurrency, Minimum Viable Product provides an informative and entertaining glimpse into the world of crypto startups.
Watch Minimum Viable Product now on YouTube
This week’s poll: Which aspect of crypto culture do you find most intriguing?
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