BuckLabs helping to build @BeraBucks / fmr @nyxl / Bollyshake / SterlingVC Member @ReadyPlayerDAO @FlamingoDAO @Neon_DAO
New York
Joined December 2013
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The @ryancohen interview on @CNBC was one of the worst interviews I've ever seen. However, @andrewrsorkin did ask the right question. The combination of @Ebay @gamestop seems intriguing given the collectibles space, and could be where Ebay flips and acquires GME instead.
👀
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is this because @WarrenBuffett is retiring and shes looking to fill his shoes?
It’s bittersweet to share that we’ve sold BeraBucks.
When we started NYXL, our goal was to bring esports to New York and build something meaningful around the ATVI leagues. But for a number of reasons — the leagues never fully regained their footing after covid, which pushed us to consider a pivot. That challenge led us to apply what we’d learned about building gaming communities to web3 gaming, which became BeraBucks.
BeraBucks aimed to create a new kind of gamer ad network. Most web3 games have struggled to onboard U.S. gamers — still the most valuable audience in the world — while esports teams have struggled to capture game marketing dollars, a missed opportunity that could unlock massive revenue. We saw an opportunity to bridge that gap and successfully partnered with some of the largest esports teams, creating the largest network of US based gamers in web3.
Unfortunately, just as we were ready to scale our acquisition and marketing efforts this year, many of the games we worked with either shut down or significantly reduced their marketing spend. Given those shifts, we decided the best path forward was to find a new home for the team and tech.
I still deeply believe in web3 gaming. Despite its fair share of low-quality projects and short-term extraction, the underlying model has the potential to truly empower gamers and studios — through new revenue models and lower acquisition costs. I’m hopeful for the builders that are still creating great games, and for new studios to be inspired to experiment, at min exploring stablecoins as a starting point.
Now that we’ve sold, the NYXL / BeraBucks chapter officially comes to a close. It’s been eight years of chaos, learning, and incredible friendships — an experience I’ll always cherish. Excited (and a little nervous) for whatever comes next.
To our amazing BeraBucks community - thank you for being part of our journey.
After careful consideration, we've made the decision to wind down the BeraBucks loyalty program. Season 2 won't be launching, and the rewards platform you've engaged with will be coming to a close.
We launched this program with a range of objectives, but the main one was to help onboard gamers en masse into web3 gaming. We built one of the largest distribution channels out there with best-in-class gaming organizations like @100Thieves @Cloud9 and @Tribe. However, the web3 gaming ecosystem has not been ready to kick off acquisition, causing us to sunset this initiative.
Here's what's next: The technology we developed is moving to where it can make a big impact. Our AI-powered tools are joining @Zerg_AI, and a portion of our tech and team are moving to a stealth AI-powered loyalty and commerce company. Each will be with specialized teams focused entirely on taking these innovations further than we could alone.
While we didn’t accomplish what we set out to do in web3 gaming, we’re nonetheless proud of what we built together and grateful for your support along the way.
Sharing because looking to get off the waitlist for @perplexity_ai's new agentic browser, Comet: perplexity.ai/comet
look back at today as one of the biggest change to payments and forward interest rates via treasury demand.
One of the best things about building a dapp on @berachain is the dapp to validator alignment mechanisms.
Validators are forced to share fees with liquidity vaults in exchange for incentives and don't just get to clip 10% in PoS (>100m in economic value) for passively being there.
We want to use our validator to help gaming token liquidity. If you want to learn more, reach out.
📢 Bera-Dwellers! It's time to earn like never before 🚀
Incentives are now live on @Berachain. For all you low IQ beras still confused, please review this official training tape 🎞️📼
🗳️ BGT is your vote. Use it wisely, citizen. 🐻⛓️
Love what @gabusch and @YieldGuild have been working on for the last year. Any degens should be addicted to this and look out for what they'll continue to build.
Just announced YGG's first game, @LOLLandGame! It's a casual degen board game partnered with our friends @AbstractChain and the @pudgypenguins community and launching on Abstract on April 15th! Pre-register at lol.land and see you around the board!
LOL
"beyond the scope of the audit" = we didn't expect someone to be this stupid.
Exposing the master private key for all the session key in the frontend? come on.
Early this morning, the Abstract security team detected an exploit originating from Cardex, an app within The Portal. This was not a vulnerability in the Abstract Global Wallet (AGW) or the Abstract network itself but an isolated security failure by a third-party app (Cardex).
We want to thank our engineering team, security researchers, Seal 911, and the Cardex team for their swift response in neutralizing the exploit and preventing further unauthorized access to user funds. The exploit was contained to approximately $400,000 in token value.
Cause of the Exploit
The Cardex team completed their initial audits to be approved to be listed on the portal, during this process the Cardex team inadvertently exposed the private key to their session signer on the front end of their website which was outside of the scope of the audit and a practice we warn about. This allowed an attacker to initiate transactions to the Cardex contracts for any wallet that had approved a session key with them.
Abstract Security Standards
Abstract follows a rigorous security process before adding any app to our portal. This includes: One-on-one onboarding with each team, collaboration on best security practices, and mandatory extensive security audits.
We will continue to consult with builders and security experts regularly to refine our processes and set the industry standard for security and user protection.
User Action Required
To protect against potential attack vectors, we strongly recommend users regularly revoke approvals and permissions for apps and tokens in their Abstract wallet via Revoke: revoke.abs.xyz
We appreciate the trust and support of our builders and users. Our primary focus now is working with Seal 911 to help Cardex remediate the situation and make users whole.
everyone: crypto is a scam. crypto games are play to dump.
did you ever think to classify currency as a ponzi?
inflationary, you have savings accounts that pay you .1% but banks get to earn 7%, and you spend everything you earn on lattes.
having in game economies on chain to reward the value exchange, and align all incentives between all the stakeholders is what we need.
don't miss tomorrow to learn more about gaming on @berachain
GAMING ON BERACHAIN
X-Spaces
Join us Friday 14th at 4:20 UTC as we discuss gaming on @berachain with:
@playonjoy
@Fable_Platform
@Beramonium
@BeraBucks
@berapoker_
@BeratoneGame
@UnderWaifusTCG
@grandconquest
@KumashiBera
Get the alpha straight from the horse’s mouth.
Neigh
Huge! Next era for Ronin is here. Honestly think way more games would've chosen to build there from the get go, and with this move I except a ton of games to consider moving over. Congrats @Jihoz_Axie @Ronin_Network
First step in our migration from testnet to mainnet.
Having partners like @Cometh to help with mass onboarding is a god send.
Hello ⛓️🐻
We just did the very 1st UserOP on @berachain 👋
State of the art Account Abstraction joining the party🧡
It's Q5 season. Congrats to the whole @berachain team.
