Joined May 2025
411 Photos and videos
Boredom is hitting crypto - and Abstract isn't immune We need fresh apps Personally, I'd love to see an auto-battler Who's building something like this, or who should we bring over to Abstract from other chains?
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Exited the position again with a small profit In 16 hours, not a single large buyer showed up besides me and this guy There are plenty of people looking to exit on this pump Also wallets still selling $ABSTER with supply remaining - so I'll step aside and watch for now.
Back in position A wallet appeared that bought $8k of $ABSTER in one day and still has $4.2k remaining (they can continue funding) Doesn't look like they're about to stop, so let's bring $ABSTER back to $2M!
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Back in position A wallet appeared that bought $8k of $ABSTER in one day and still has $4.2k remaining (they can continue funding) Doesn't look like they're about to stop, so let's bring $ABSTER back to $2M!
Sold for a small profit After reconsidering, I still see further downside for $ABSTER rather than upside from here Not enough buyers Holding $RETSBA at this tiny valuation feels much better right now.
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A little left The bear market belongs to $RETSBA - chaos is its nature
Sorry, darling You're just the first stop on my road to dominance. $RETSBA
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Sold for a small profit After reconsidering, I still see further downside for $ABSTER rather than upside from here Not enough buyers Holding $RETSBA at this tiny valuation feels much better right now.
Today I bought $ABSTER for $2k Based on my observations, there are currently more potential buyers than potential sellers The same WarrenNakamoto has $10k USDC that previously went toward buying $ABSTER However, due to the current market situation, sellers could appear out of nowhere 😂 But markets are cyclical, and the bull market will return. I also believe that activity will return to Abstract as well In retrospect, buying @absterxyz at these levels could yield very good profits I continue to observe and will be ready to buy more lower.
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Sorry, darling You're just the first stop on my road to dominance. $RETSBA
Added $1000 to my $RETSBA position. Mindful has fully exited At this point, it’s the only memecoin I’m holding on Abstract Why? Very simple: it has the best R/R among all memes • The founder hasn’t sold a single token the whole time and even burned 10% of the supply • He keeps building the brand in a bear market; merch was recently launched through Dyli • A meme should first and foremost be a meme and evoke an emotion - no one comes close to @retsbaxyz there • It’s the cheapest IP among the top memes: $RETSBA - $109k $POLLY - $210k $GOD - $320k $ABSTER - $1.4M I believe the main villain of the universe should be worth at least POLLY, and ideally GOD So we need to make up for this undervaluation, or he’ll hit the button and destroy Abstract. You wouldn’t want that, would you?
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Many teams launch ve(3,3) forks without making any meaningful changes Aborean is different - it introduces some genuinely interesting new mechanics It’s a small team, but they look well positioned to represent Abstract on Ethereum Also, note that the Ascension program is active: locking $ABX on Abstract gives you an airdrop worth 25% of the amount on Ethereum The launch is planned at a $5M FDV, which leaves solid room for upside. Buying on Abstract now at a $700k FDV also looks interesting for the long term, since Aborean is the network’s main DEX and isn’t going anywhere even if the token gets crushed ◼️
New ve(3,3) features for Ethereum◼️ ▪️Reserve Engine - Proof of Productivity ▪️3.5 day epochs ▪️Dynamic fees Details below:
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Today I bought $ABSTER for $2k Based on my observations, there are currently more potential buyers than potential sellers The same WarrenNakamoto has $10k USDC that previously went toward buying $ABSTER However, due to the current market situation, sellers could appear out of nowhere 😂 But markets are cyclical, and the bull market will return. I also believe that activity will return to Abstract as well In retrospect, buying @absterxyz at these levels could yield very good profits I continue to observe and will be ready to buy more lower.
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Added $1000 to my $RETSBA position. Mindful has fully exited At this point, it’s the only memecoin I’m holding on Abstract Why? Very simple: it has the best R/R among all memes • The founder hasn’t sold a single token the whole time and even burned 10% of the supply • He keeps building the brand in a bear market; merch was recently launched through Dyli • A meme should first and foremost be a meme and evoke an emotion - no one comes close to @retsbaxyz there • It’s the cheapest IP among the top memes: $RETSBA - $109k $POLLY - $210k $GOD - $320k $ABSTER - $1.4M I believe the main villain of the universe should be worth at least POLLY, and ideally GOD So we need to make up for this undervaluation, or he’ll hit the button and destroy Abstract. You wouldn’t want that, would you?
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A once notable figure on Abstract @MindfulMarketOG is selling off his assets Even the big Pudgy is being sold. The bear market spares no one Back in the day, he was a major whale on Abstract: founded AOB, launched at least one project, and even interviewed Luca Netz I think he just needs money - selling such a big Pudgy points to that He's still working on Hamieverse and RUYUI, so he should stay on Abstract Hope to see his assets back on Abstract later, when the market improves.
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Reached Obsidian II Tier on Abstract! Continuing the journey to Ethereal 🫡
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My Abstract feed is full of conversations about @bunnybuttonxyz - an app that was previously based on MegaETH but didn't get any traction there They weren't added to Terminal, and they probably won't be added to Portal either, but this shows how active the Abstract community is Pivot to Abstract and you'll get a player base and PMF So what are you waiting for? @stompdotgg @Showdown_TCG @AveForge @megatruther @TopStrikeIO
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The legendary app @gacha_game_ has been removed from the portal The jackpot never went to anyone
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Damn, Luka is going to change the industry The core idea of Project Quantum is the launch of tokens that are simultaneously traded on regulated traditional financial markets (Nasdaq) and on the blockchain I feel sorry for the bears Great research
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Summary of a fresh interview with Luca Netz about Pudgy Penguins and Abstract 1. How Pudgy Penguins attract new users Trading Cards are one of the key directions - Luca sees huge potential in TCG for the mass market, it's a simple offline product that regular people understand Instagram and physical toys - the brand constantly brings in new people: first memes and animations, then toys, and only then NFT and crypto - Pudgy acts as a bridge between Web2 and Web3 2. Airdrops and the PENGU token Proliferation Fund - the tokenomics include a dedicated fund of tokens reserved for future initiatives and community distributions Airdrop timing - new distributions are strictly tied to market conditions, Luca doesn't want to give away tokens at a dead moment and hurt the ecosystem 3. Abstract and liquidity Abstract distributed a massive amount of PENGU to the community at an early stage - according to Luca, no other new chain has ever been this generous Thanks to this liquidity, real runners emerged among memecoins and NFTs on Abstract, while many other L2/L3s with hundreds of millions in venture funding produced none Yet the market quickly "forgot" about this distribution and started treating it as the default, demanding more 4. Project Quantum - an all-or-nothing bet Abstract and Project Quantum together have cost around $30-40M, while only $11M was raised from venture capital - the rest came from Pudgy's own earnings Quantum is an attempt to create a new financial instrument for launching tokens, to avoid the classic scenario of "listing → permanent downtrend" for new coins The project involves heavy legal work and entering traditional markets where liquidity was not destroyed the way it was in crypto after 10/10 5. Luca's mistakes and his approach Luca admits it was a mistake not to take VC money at a lower valuation and not to raise a large round earlier - but it was a conscious decision to avoid giving 30-40% of the network to funds and losing freedom over airdrops and key decisions He also acknowledges poor timing on some Abstract launches (DeFi, integrations), but emphasizes that all decisions were made in the long-term interest of the community 6. Pudgy Telegram stickers Luca has a "giant plan" for Pudgy stickers on Telegram He admits the perfect window last summer was missed due to the team being overloaded, but stickers remain an important part of the brand distribution strategy and will be activated when the market heats up again The big picture 1 - Pudgy Penguins - the brand and entry point for mass audiences 2 - Abstract - the infrastructure layer where products, NFTs and memecoins live 3 - Project Quantum - the financial layer, an attempt to reinvent the mechanics of token launches Luca's core message: launching a new token after 10/10 by the old rules is a death sentence - the bet is not on a pretty FDV number, but on real liquidity and system resilience I’m thrilled! Huge thanks to Luca and Maximus
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It was fun, but no one plays Roach Racing Club anymore Good luck on BNB
Roach Racing is moving to @BNBCHAIN 🏁 We’ve always been building a game for traders. To scale our vision, we need deep liquidity, a massive trader audience, and an ecosystem ready for token-centric economy. BNB Chain is the perfect home for our next chapter.
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Hoping @0xCygaar keeps his word and early users are taken into account: "When the time comes, we will analyze everything holistically: XP amount, badges, time spent onchain, and the apps/activity used to earn XP. We have been tracking which apps were sybilled and which addresses were sybilling" For now, I'd rather trust the team's vision 😉
May 26
This post just made me depressed 🫩
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Season 7 of @OnchainChemists will probably be the most successful in the app's history - I can see the hype building after that guy's post Cygaar's vision is going to work in full Hoping they're building a new app behind the scenes, because honestly being a baker is getting old 😂 Would love to see something like fishing for example
I skipped farming XP on @AbstractChain for way too long, but now that it's FULLY AUTOMATED and you can pull 200k XP IN A WEEK thanks to @OnchainChemists AND FARM AT A PROFIT on top I have massive FOMO that I didn't get around to this sooner just think about it: 12,4% ROI 200k XP, all done in a week, with software, taking about 5 minutes of your time PER WEEK god bless rugbakery and ty @0xDezeter & @Rslanb1
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Watching the MegaETH drama is funny because we at Abstract actually know a thing or two about drama and have been through more than a dozen scandals The accusations against the MegaETH team are identical to the ones that were thrown at Abstract: poor project support, favoritism, etc But there is a difference between the projects 1. Community That guy said the MegaETH team has poor community presence In my opinion, the problem is also with the community itself The network hasn’t produced a single solid NFT collection, the main memecoin is worth $100k, and not a single app has gained any meaningful traction Cute bunnies on profile pictures are not enough As for Abstract, we’ve been here for a year and a half and we’re still here in the depths of a brutal bear market There’s a base of around 3,000 active users who actually engage with games and apps I’m talking about highly active people. If you think that’s low, Monad has similar numbers with 50x more funding Abstract’s official DAU is 60k addresses Supertrip moved to Abstract from Base, Cambria is launching DUNGEONS exclusively on Abstract, the leading Thai exchange is partnering with Abstract, new apps are shipping, and network metrics are growing For those telling stories about “Abstract is dead” - relax 😄 Shutting the project down is not even remotely on the table, we’re handling the bear market just fine 2. Team One of our founders, Luca Netz, bought Pudgy Penguins with his own money for $2M and turned it into one of the top NFT projects in the space Some might say Luca is busy with Pudgy right now - and that’s logical, since Pudgy is Igloo’s main product Rest assured, if Pudgy thrives, Abstract will benefit too Does MegaETH have such ideologically driven people on the team, obsessed with competition and success? I don’t see them 3. Vision and product MegaETH raised a 9-figure round and completely fumbled the product at launch They still can’t decide what the project wants to be, and their main selling point - high TPS - turned out to be completely useless (never happened before, and here we are again) Abstract has been following its roadmap and deep consumer crypto vision from day one Euphoria, one of MegaETH’s flagship apps, raised $7.5M and has 100 daily users Do I really need to remind you that Abstract has been running for two years on $11M? 😁 You can be sure that with new funding rounds, capital will be reinvested into growth 4. Conclusion MegaETH is destined to meet the fate of a chain that got flooded with too much money - simulated activity and quietly cashing out easy money into the team’s pockets Abstract is more likely to overtake Base than MegaETH is to come back after fumbling this hard on peak hype.
May 24
Replying to @ProofOfEly
Abs (previous) team went a little bit too far with the shilling of shortlived assets and projects but it must be noted that they had a solid community presence I’ve been lieing to myself thinking MegaETH had one but that’s not true and one of the feedbacks I received from permissionless projects for months aswell. Even the most recognized teams had to fight really hard to get some recognition and in exchange they thought offering them a spot on the terminal was god’s work. It was not, it was the bare minimum they could do. Especially after spending so much time focusing on their incubotzr which give birth to mostly half-assed dapps. Sorry but this is the reality. It might hurt some. Took me a while till I wanted to hear it too.
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The problem is that they have no motivation to spend time, money, or effort on these initiatives The team made life-changing money - the last thing they'll do is pour it back into MegaETH They got a short-term hype cycle that ended with the terminal shutting down a month later lol Recreating that kind of momentum will be difficult, if not impossible Come build on Abstract with your game - at least here you'll actually have a real player base
How to solve $MEGA disaster: - Invest in creators/ambassadors/IRl events across the world - give support (even grants) to the apps - Build a real social presence - Hire someone to be PROactive and rentless online to BUILD (Look serc with normies) - SUPPORT the NFT/Meme side
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