Admit One Manifesto
Manifesto
In April of 2021, our community put CryptoPunks on billboards throughout Miami.
The exhibition, presented through Save Art Space, was titled ‘Pixelated’. It was at the opening party for this initiative–when most of the world still had no idea what an NFT was–that I experienced a tectonic shift in my thinking. Up until that moment, I considered my CryptoPunk gambit just a trade. I had made a calculated bet that would pay very well if I was correct and knew exactly how much was at risk if I was wrong.
But after that opening event, it became clear that something more important was happening. I became convinced that crypto culture would eventually permeate mainstream culture and some of the most influential brands on the planet would be born out of this space. This was no longer just a trade for me. Even though I didn't know how I was going to do it, I knew right then and there that I would build a community that embraced this cultural phenomena. And I would do it slowly, deliberately, and in broad daylight.
So I went to work.
I held a 3-day POAP event at Bitcoin Miami that June. All you had to do was go to the location that I had tweeted about and collect the POAP I created. Next, I began issuing POAPs to people that listened to my podcast live. I also started offering POAPs to people I met throughout my travels.
Later in December, these POAP holders were rewarded with exclusive access to a coveted allow list for the adidas ‘Into The Metaverse’ NFT. Of all the high-profile partners on the project, my community was the only one where you could access the drop without having already purchased an NFT.
You just needed to have been an active participant in my community.
In January of 2022, I began discussions in earnest with my team about the best way to launch an NFT for my community. The timing wasn't right, but I believed that by the middle of the year I would have all of the right pieces in place. Knowing that there would most likely be a ton of demand for very limited supply, our team spent months discussing the best mechanics, pricing structure, and distribution methods with some of the brightest minds in the industry.
Ultimately, I chose to go with a free mint.
My reasoning:
First, I want the community to decide on the right value for the token, not some arbitrary price that we set.
Second, I want to fully align my incentives with those of the community. By taking no profit from the mint, we are all in the same boat together – not 95%, but 100%.
Third, I want to reward my POAP holders (i.e., the people who have believed in me from the very start). Some may call this foolish. I call it loyalty.
But most importantly, we are paying homage to CryptoPunks, which I believe is the most historically significant NFT project in existence. As many may not know, The CryptoPunks were also free to claim at the time of mint.
As there are only 1,000 spots in the Admit One drop, I wanted to be very thoughtful as to how I would distribute the tokens to such an intimate group.
The first 11 Admit One tickets will be airdropped to the 11 wallets that own all 3 of the Bitcoin Miami NFT's, in the order that they completed the set. These people spent multiple hours across multiple days to support me at the very beginning and for that I am forever grateful.
200 guaranteed spots will be allocated to a hand-selected group of people who I think will be valuable members of the community at genesis. From this list, 59% are women involved in the NFT space.
698 spots are available for 1251 wallets that are eligible from the POAP list.
60 spots for the partners/team members that helped me execute this vision.
30 spots for future distribution.
Any remaining NFT's after the mint closes will be used for future distribution.
Concurrently, I am launching a zero-fee marketplace for all things related to the gmoney brand. To start, it will list the adidas ‘Into The Metaverse’ NFT, the gmoney Brick Breaker game by gm420, and my Admit One NFT. From this marketplace, you will be able to see listings across OpenSea, LooksRare, and the official gmoney market. Only listings that are listed on the gmoney market will be zero fee, as the others will charge their respective fees to transact on their marketplaces.
The reasoning behind building a gmoney marketplace is based on where I see the space evolving over time. I want a marketplace where people can transact without the fear of getting scammed by fake collections. I also want to provide our community members with a very intimate, curated experience encompassing all of the hallmarks of the gmoney experience.
As the space grows, I know that I will have company – plenty of it. In fact, many brands will pour substantial resources into developing their own curated marketplaces and experiences. Why do I believe this? Because I have studied how consumers have shopped over the last 100 years. I've examined how department stores and boutiques have operated and evolved in the real world. I've looked at how websites have gone from being clumsy digital storefronts to highly curated experiences. I don't anticipate Web3 to be any different. We will move away from the superstore/supersite model and towards intimate settings that have a unique look, feel, and ethos.
So why launch Admit One now?
It's simple. Prices may be down, but I believe the fundamental thesis behind NFTs is stronger than ever. Digital asset ownership rights are fundamental to freedom in an increasingly digital world and they must be protected through distributed, immutable ledgers not controlled by any one person or group.
My goal for Admit One is to be a community of like-minded people who understand how critical it is to disrupt traditional industries and increase adoption of cryptographic technologies. This community will be a center for participation in all things that I work on going forward. I ask that you participate in this community, not because you think you'll make money right away, but because you believe in my vision and want to join me to see what the future brings.
I will not make superficial promises about what I will do for the community. Instead, I ask you to look at my track record. I know that my best work lies ahead of me and I hope that you believe that too.
Instead of sharing a roadmap of things to come, I have written a list of observations I have made throughout my short time on this planet that might give you insight into how I plan to operate the community.
Always act with integrity.
Live in the present moment.
Go outside and walk – a lot.
Do something kind for a stranger.
Remember that if everyone likes you, you're doing something wrong.
Travel.
Always opt for Joe's Pizza, no matter what time of the day it is.
Practice gratitude.
Do dope shit with dope people.
Trust the universe to take care of you.
Create the world you want to live in.
Hope for the best, prepare for the worst.
Keep an open mind.
Never forget that emotions will still be the same, no matter how technology advances.
Fall in love. Less is more, except when it comes to love.
Don't maximize leverage.
Remember that life happens for you, not to you.
Believe that you are the hero of your own story.
Expect good things to come, not when you want them, but when you're ready for them.
Make your vision board. Make sure to hit every aspect of your life. Share it with someone.
Take calculated risks.
Trust your gut. It's smarter than your brain.
Never stop learning.
Figure out something you'd do for free. Find a way to get paid to do it.
Keep your mouth shut when you don't have anything nice to say.
Don't be afraid to fail.
Be humble.
Un-stifle your creativity.
Try to find win-win scenarios. They are always the best ones.
Learn from your mistakes.
Maintain serenity above everything else.
I hope you join me on this journey.
With much love and gratitude,
-gmoney
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