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Social Studies 📘🧠 · Mar 10, 2021

🗓 What Happened on Tech Twitter in February

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Brett Goldstein · Social Studies 📘🧠

Yo! ✌️ I’m BrettSocial Studies is about trying to understand what it means to be human in the context of modern technology. It includes recaps of what happened on Tech Twitter plus deep analysis using frameworks from Psychology, Economics, and the Social Sciences.

I have to apologize for dropping the ball in January. The combination of Launch House picking up steam and some very sad family news threw me for a loop. Sorry yall. 😞

🤑 Everyone got rich on NFTs except you - true artists and random people alike sold millions of dollars in NFTs. We may be in a bubble but NFTs will lead to much more.

🐦 Twitter got its groove back - The Twitter product team is on fire with the introduction of Fleets, Spaces, Revue (newsletters) and now Super Follows.

📸 The Dispo beta FOMO went viral - David Dobrik’s new exclusive photo sharing app got Tech Twitter hot and bothered. So much that they landed a $200M valuation.

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As long as the internet has existed, digital artists have had trouble monetizing their work. But this past month, that all changed. Prominent digital artists, musicians and celebrities sold non-fungible tokens (NFTs) of their works for millions of dollars.

X avatar for @TZhongg

TZ (Tiffany Zhong) 🏝️@TZhongg

Logan Paul made $3,540,456 in 1 day. • Dropped the 1st Logan Paul NFT yesterday • 3000 NFTs available • Price: 1 ETH per NFT (1 ETH = $1998 rn) • Sold 1772 NFTs so far • $1M in sales in first 30 min • 3 buyers will win 1st Edition Pokemon Pack (~$40K)

8:16 PM · Feb 20, 2021

212 Reposts · 1.87K Likes

X avatar for @TZhongg

TZ (Tiffany Zhong) 🏝️@TZhongg

Artist & early crypto adopter @3LAU just sold 33 NFTs for $11,684,101. • 1st NFT album • Top bidder paid $3,666,666 • Broke the record for a single NFT auction • Has previously generated 4.3m in sales from NFT drops • In 2018: launched 1st crypto music festival

2:28 AM · Mar 1, 2021

20 Reposts · 129 Likes

The revolution is just beginning. Virtually every creator seems to be exploring NFTs as a core part of their strategy.

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Coopahtroopa 🔥ᴗ🔥@Cooopahtroopa

An NFT. He wants to make an NFT. Remind me the last time celebrities were eager to learn how to use crypto? Answer: Never.

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MrBeast @MrBeast

@garyvee I want to make one

11:26 PM · Feb 19, 2021

2 Reposts · 55 Likes

NFTs are also creating a new generation of NFT-native artists. Since February, Shlomo has sold >$30K of NFTs across only a handful of pieces. An art collective named after the 🥬 emoji has also been gaining traction.

X avatar for @SHL0MS

𒐪@SHL0MS

just minted "𝚒 𝚑𝚘𝚙𝚎 𝚝𝚑𝚎 𝚠𝚘𝚛𝚕𝚍 𝚕𝚊𝚜𝚝𝚜 𝚏𝚘𝚛 𝚢𝚘𝚞. [𝚍𝚞𝚜𝚔]" on @withFND foundation.app/xyz/i-hope-the… 50% goes to an effective altruist charity benefitting dementia research/treatments bidding will close 24h after the first bid

1:26 AM · Feb 25, 2021

1 Repost · 22 Likes

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st.@seyitaylor

🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬 techoptimist.xyz🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬🥬

techoptimist.xyz

techoptimist.xyz

11:48 PM · Feb 19, 2021

6 Reposts · 35 Likes

A lot of people sounded the 2017 ICO alarm, but this is different. This feels like the building blocks to a new social media operating system.

X avatar for @DCoolican

D’Arcy Coolican@DCoolican

NFTs are the next frontier for social+ Imagine Opensea wallets with a social graph: - inherent flexing and status - creeping people’s collections - structured data on taste and style - built in biz model that’s not ads All the ingredients to 🚀

12:45 AM · Mar 1, 2021

19 Reposts · 211 Likes

An app incubated by YouTube star, David Dobrik, executed the “only give beta access to a few people on Twitter to drive FOMO for everyone else” strategy flawlessly.

Amidst the renaissance in consumer social powered by the creator economy, a consumer social app from a huge creator like Dispo was bound to blow up. And it is.

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Chris Cantino@chriscantino

Dispo in a nutshell 📸 •shallow and fake “IG aesthetics” are rendered obsolete •no memes, quotes, or camera roll uploads •collaborative photo rolls allow communities to curate interests together •content consumption flywheel every day at 9am •candid, casual, and REAL

11:21 PM · Feb 13, 2021

53 Reposts · 656 Likes

Shortly after the beta launch, Dispo closed a massive fundraise. At $200M it was a wild valuation, but honestly not crazy. If Dispo succeeds, the valuation is cheap. If it fails, it’s negligible to the investors.

Packy McCormick wrote an essay in Not Boring at the beginning of the month talking about how well Twitter has been doing lately considering the introduction of Fleets, Spaces, and Revue (via acquisition), but that was before Twitter announced the Super Follow.

Super follow allows creators to charge monthly subscriptions to get access to exclusive tweets. It’s really exciting and will surely dramatically change the dynamics on the platform.

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Packy McCormick@packyM

Twitter continues to get its groove back, you absolutely love to see it.

6:50 PM · Feb 25, 2021

11 Reposts · 363 Likes

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Neal Khosla@nealkhosla

I feel bad for most of the companies in YC these days. They think YC's approval means they have a good plan when in reality YC is just investing in anything that moves. 90% of the plans in YC are awful, worse than the median plan I see elsewhere. Shame.

4:39 PM · Feb 23, 2021

37 Reposts · 805 Likes

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Shahed Khan@_shahedk

Sure remote work is cool, but flex work will be the norm. - 1-2 days in office - In-person collaboration for when it's needed - Book a desk or conference room table by the hour or by the day - Smaller HQ opens up budget for travel & meals stipend, for fully remote employees

6:55 PM · Feb 26, 2021

128 Reposts · 1.39K Likes

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Anne Lee Skates@anneleeskates

Next-gen social apps lower the barrier to create for specific content forms: @tiktok_us lowered the video creation barrier from @YouTube @Snapchat for conversations, @joinClubhouse for audio, compared to podcasts and other heavily edited + produced audio content What else?

7:49 PM · Feb 18, 2021

14 Reposts · 162 Likes

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Gaby Goldberg@gaby_goldberg

Why do people come? Why do people stay? Why do people share? Why do people pay? The four questions I always ask when evaluating early-stage consumer startups, with additional insights from @lennysan, @andrewchen, @scottbelsky, and others:

gabygoldberg.medium.com

My Framework for Evaluating Early-Stage Consumer Companies

1:54 AM · Feb 25, 2021

58 Reposts · 446 Likes

Sorry again for the delay! Thanks for reading :)

X avatar for @TurnerNovak

Turner Novak@TurnerNovak

.@APompliano when Bitcoin drops 13%

8:17 PM · Feb 23, 2021

47 Reposts · 728 Likes

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