Welcome to Based and CryptoPilled

GM ladies and gentleman and welcome back to B&C, the newsletter that'll have you going, huh that was mildly amusing. Brought to you by the brilliant idiots Nat and V.

Here's the breakdown for today:

• WE LOOK BEAUTIFUL 😎.

• Nat's Picks for the week.

• V's Picks for the week.

• Something to bless your inbox.

WELCOME TO BASED AND CRYPTOPILLED RELOADED.

We're back and better than ever. Better colors. Better sauce. Better logo. WE ARE UP. LFG

Alot of you are new here so thank you for subscribing to the #1 newsletter on the planet. Send it to your mom. Your dad. Your grandma. B&C is for the PEOPLE. We're stoked you're joining us on this journey, so expect some heat in your inbox every week 😎.

So sit back, enjoy the ride, and humor us by subscribing if you haven't already so you can stay up to date with our latest rantings and ravings of the week.

Nat's picks of the week:

If you recognize this. You've been an OG Koop enthusiast.

🚨 THIS IS NOT A DRILL 🚨

It has truly been a joy building Koop and I'm so excited to share what we've been working on with ya'll :)

I wake up every day insanely excited and ready to continue building out the future of coordination online. We believe that the most compelling use case for crypto is its power to dissolve the boundaries between investors and projects, communities and holders, fans and creators.

What is Koop

A Koop is a community, led by both the creators and their members. At its core, communities are backed by a treasury created from an NFT collection or membership pass. The treasury is used to bring a community's ideas to life whether they are creating an animated web show or developing software.

The community becomes the viewers, users, and builders of their creations and are incentivized to share the content, software, or products built out of their treasuries. Communities today are social networks, whereas Koops are socioeconomic networks.

We've had the pleasure to work with musicians such as HOUNDTRACK who launched the HOUNDPACK to help grow his creative projects, NFT collections like Tweak Labs, who use community-led giveaways and events to bring the Asylum to life, and even with creators like Logan Paul through Originals DAO which has raised $2M + to launch media projects and an investment DAO.

Learn More

V's picks of the week:

Got dat dawg in me 🫡

Goblintown

Ok so first, wtf is Goblintown? Unless you're a chronically online crypto degenerate you probably haven't heard of the NFT collection Goblintown. They're an NFT project that sells these beautiful creatures for little over $1k a pop.

When Goblintown launched their first collection they had no roadmap, no discord, and no utility. The only gave their audience three pieces of information:

• 1 free + gas mint per wallet. Don't be fucking greedy. That's how we got ourselves here.

• We are reserving 1,000 goblins. Because we want to.

• No roadmap. No Discord. No utility. CC0. Contract wasn't actually written by goblins.

A truly absurd project.

The Myth of Sisyphus

Sisyphus is figure in Greek mythology who was condemned by the gods to repeat a "meaningless" task for all of eternity. Zeus has punished Sisyphus for cheating death multiple times. What was this punishment you might ask? Rolling an immense boulder up a hill only for the rock to roll back down the hill right before it reached the top. For ALL ETERNITY, sheeeeeesh.

This story was the subject of Albert Camus' book The Stranger which explored these themes through concepts such as absurdism and existentialism. Enough of boring philosophy talk. What does this have to do with Goblintown???

NFT Art In The Bear

The biggest projects during the NFT bull run centered around offering real utility and cultural value to their holders. Moonbirds has one of the most active collector communities in the space and is creating their own metaverse. Bored Ape Yacht club has increased their cultural utility through brand partnerships and celebrity ownership. Goblintown does not of that. They're just here for the meme.

Just as Sisyphus rolled that boulder up and down the hill, NFT buyers have seen their collections go to the moon only to implode shortly after. Goblintown captures the insanity of the token market beautifully removing the promise of utility and riches in place of brutal honesty and ugly jpegs. I'm looking forward to the projects that spawn from this dumpster-fire. I'll leave it at that and let Goblintown's mission statement explain the rest.

*Almost bring a tear to my eye*

Here's something to bless your inbox

See y'all next week,

V and Nat

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