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No-Code Smart Contract w/ NiftyKit (AMA + upcoming features 🔥)
Recorded: March 8, 2023 Duration: 1:02:01Space Recording
Full Transcription
I'm just going to play a little laid-back music while we get everybody up.
Yo, yo, what's good?
What are we playing today?
I know.
I was just going to play some kind of like, you know, soft house music.
Get the energy going.
That's cool with you guys.
Let's go.
Yep.
Thank you for showing up, everybody.
Appreciate you.
Sorry, I had to shut Spotify off, apparently, on another device.
Here we go.
We're super excited to have everybody with us.
Please tweet the room out.
DM it to your friends.
Dan, T-Pay, and the Nifty Kit team are going to be sharing some upcoming...
I don't know what I can say.
Gifts to the world, we would say.
That's how excited we are about what we are dropping here pretty soon, next week on March 14th.
So thank you, everybody.
Also, happy International Women's Day.
Just want to shout out to all the wonderful women out there.
Mom, I love you.
And then the wonderful ladies of the Nifty Kit team, just want to thank you.
Jessica, Loish, Juvie, Eugene, Dong Lee, Megan.
Definitely want to just thank you for all your help.
It's an honor to be working with you and to be teaching you as much as we can and then also just learning a lot from you.
So I just want to shout you out and thank you for everything that you do.
And that goes, you know, 365 days a year.
So it's not just today, but it's nice that we can acknowledge it.
But yes, we are, you know, getting really close to launching all of these new updates.
I'm sure some of you may have seen some of the sneak peeks in the previews.
It's the biggest feature release and platform update we've done.
So, you know, we're really moving into this new phase of NFTs.
Like, you know, everybody's saying it's this build phase.
But for us, we're building the tool so the builders can build.
So we got to kind of get out ahead of it and really think longer term.
So I'm just super excited about the new feature release.
Wanted to bring you all here today to the AMA to give you a chance to ask some questions.
You know, let us let us know what you're working on.
We are going to do a special preview for our drop kit pass holders.
So you can get ahead of it and see what we have coming out.
So if you are already authenticated in the Discord with your pass, Lois is going to be dropping
a link in there.
If she hasn't already, please pick a day to come and check out what we are going to be
releasing.
Hopefully, you'll get a lot of cool new ideas.
But we'll also send out a follow-up email to the pass holders as well.
So you'll see that come through.
There are a couple of dates that I'm going to be doing the live stream.
Friday, March 10th at 2 p.m. PST.
I'm going to do it Saturday, March 11th at 9 a.m. PST.
And then again on Monday, March 13th at 12 p.m. PST.
So try to do three dates.
I know they're kind of bunched up in the middle of the day PST.
So if you are international, I think maybe hopefully you can come to one of the earlier
ones, the earlier one on Saturday.
But we will actually I'm still debating on if we make the recording available because it's
pretty much going to be out pretty soon.
But definitely look out for that and would love to show you all the really cool stuff
that we have.
But yeah, I want to just get into it.
A couple of things that I want to surface up and talk about.
I think one of the more immediate pressing things, especially for everybody who is currently
working on a project, is metadata, the annoying metadata, handling the files.
You know, one of the things that we are really proud of is just the way we've built out the
mechanisms to handle the metadata.
But, you know, it's still pretty difficult on the current platform.
Other platforms don't handle batch uploading, so they're not as good for larger drops.
But, you know, this this new release is going to make it a lot easier for you to upload to
IPFS directly through Nifty Kit.
Also, it'll handle folders.
If you have a folder of files, if you need to upload them one by one, there's going to
be very good flexibility on how you can get your files up to IPFS.
And you could still use any other location that you want.
For some of the creators that are coming in, if you do need something, we will have that
available for you.
And, yeah, I think we, with the collection update, you know, we, we, we know it's hard.
We don't want to make it harder for you to manage your collection over the long term.
Like, it's super hard to make dynamic changes without developers.
So, you know, we just want you to be able to do your thing in a short amount of time.
So, you can get back to actually working on art or spending time with your family, taking
a break or whatever.
So, you know, a lot of this stuff may seem scary, especially if you're here and you're
new.
You know, our whole goal with everything we build is to try to make it as easy as possible.
You know, there are some learning curves on certain things.
But, you know, we definitely want to try to build those tools to make it really easy.
So, yeah, the, the next thing I want to talk about, you know, besides the improvements to
the flow, we're going to be doing something to make the, some of the tools that we have
more accessible and more affordable.
So, watch out for that.
We're going to have something for everyone.
It's not going to be as special as our, our drop kit pass holders and our members.
But, you know, we want to get more people into Web3 on their own smart contracts.
And, you know, seeing the royalty wars, it just reinforces the need that, you know, we really
need to hit primary sales goals and have the tools to be able to follow, follow up, engage
and grow your community.
Gone are the days of doing one and dones and, and, and taken off.
And, you know, I know it's, if you have a project and, you know, you've sold out and you have
quote unquote investors, it gets a little bit difficult sometimes when you're just, you
know, trying to figure out how to keep the community engaged, how to, you know, continuously
incentivize them for participating.
So, with the new update, we are going to be creating the platform in a way where you'll
be able to extend a whole bunch of new types of functionality without sacrificing the
simplicity of how the platform works.
So, I don't know if T-Pay are still there.
I would like to pass it to T-Pay to talk about something special that we're doing with our
smart contracts.
T-Pay, are you there?
Yeah, yeah, I'm here.
Cool.
Yeah, so, you know, I think with this update, as Dan mentioned, is, is one of the biggest
updates that we have had, you know, since, since launch of Nifty Kit, actually.
So, we really see this as a pivotal moment.
And, you know, one of the things that we want to do is continue to push the boundaries of
NFTs and smart contracts and, you know, ownerships and provenance and decentralization.
And in that process, you know, like, over the past year or two years, like, that we've
been around, like, we have learned a lot.
Like, we have, we have, you know, had thousands of smart contracts deployed on the mainnet.
But, you know, definitely, like, we had our, you know, trial and error with a lot of the
things that, you know, we've been building and, you know, we were grateful for all your
feedback and, you know, have the chance to, like, really, you know, work with you all
to, like, you know, build this next, next evolution of the platform.
And I think, like, you know, in that sense, like, we are always trying to innovate and,
you know, create new things.
But at the same time, we want to make sure that the decisions that we make is secure and
also, you know, future proof as possible.
So I don't know if you all have had a chance to see the tweet that I posted about Diamond
smart contracts.
And, you know, that's, that's basically the one of the key innovations that we're rolling
out with this release is we're going to have a diamond collection, which is a ERC 721 based
diamond collection that you can have, or you can launch and you can deploy.
And with that, you know, with all the benefits of a diamond, you know, is able to extend the
functionality to, you know, virtually limitless possibilities.
It sounds really cheesy when I say it like that.
But in a nutshell, it's a smart contract that you can add other smart contracts.
So it makes your smart contract fully composable and also makes your smart contract have the
ability to, you know, add other smart contracts on top of your existing smart contracts.
So in theory, your ERC 721 contract can have, you know, thousands or 10,000 or, you know,
can't say a million, but let's just say that like tons of smart contracts added to your existing
smart contract.
So it's virtually limitless when it comes to being able to upgrade your smart contract with
additional functionality.
Traditionally, when you have a regular like smart contract that is created by a developer
or, you know, you use a different platform, there's a limit of how big your smart contract
can be.
What that means is there's a limit of how much functionality that you can add, whether you
want to have like, you know, buy one, get one free strategy, whether you want to have staking
strategy, whether you want to have like burn and redeem, like there's only so much that
you can add to a smart contract.
And that's, that's traditionally how it has been done up to this point.
And, you know, with the, with the new update, with the, you know, ERC 2532, which is a final
standard created by, you know, the, the create, one of the creators of Avogache.
We have the ability to extend that functionality, like to beyond to what's already been limited
to, you know, a regular smart contract.
So it's going to be a brand new paradigm and it's going to be a brand new system.
And we feel that this is the future of NFT smart contracts and have the ability to, you
know, roll out different types of new features in the future.
For this release, we are going to have one app that is ready to go, which is going to be
a coin integration.
But, you know, we are planning to focus on improving and adding more functionalities in
the, in the very short term future.
And the diamond collections that you will deploy are, you know, basically future proof, right?
So you don't have to, you know, worry about, you know, should I deploy now or should I deploy
later?
You can, you can actually deploy anytime and be able to leverage all of the future
functionalities that we will have in the future.
So those are, those are some really exciting stuff.
And yeah, if there, if anybody has any questions on any of the things that I've said, please
feel free to raise your hand and ask away.
Okay.
Well, I, no one called on me, but I'm the only one with the hand up, but so we just did our
smart contracts for artist space.
I don't know if you were able to, to hear in on that, but it was awesome talking about
diamond contracts.
I read your thread.
Do you, do you sit, do you sing it in your head?
Like I do from that old song in the year 2535?
No, anyone.
Okay.
Um, but the, uh, 2535 diamond contract is, um, it's from what I understand, it's going
to allow so much more creativity.
I'm a huge fan of being able to deploy anytime and not have to worry because I've been, I've
been like doing all this sort of, uh, you know, I, I have projects upon projects upon projects
that are like that, that I have, I'm waiting to put out, you know?
And, and for me, it's like, I want some new kind of functionality that I'm, you know, Oh,
I'm really excited about this or that.
And so I'm like, well, I can't do it yet, but having the smart contract be like open and
modular upgradable makes it so much more exciting for me because then I can like focus more
on the artwork and, and not have to worry about like, what's going to, you know, the tools
that are available will be available.
But like having the base ready that I can plug in something is really cool.
Um, what is the roadmap looking like for you guys in terms of you'll have the ape coin
one ready, which is super cool.
Um, what other ones are on the horizon and, uh, we'll be on the short list for what we can
look for.
Yeah.
Uh, great questions.
Um, you know, I think, you know, in the immediate horizon, uh, you know, obviously like we have
mentioned in the past that, you know, we want to, you know, give a lot of the, uh, you
know, power back to the creators and we have always stood by the creators.
Um, and, you know, with the recent like blur open C, you know, all these like bigger players
just kind of messing with us.
Like, you know, it's just, it's not cool.
You know, it's not, it's definitely something that we take personally and, you know, to us
like, you know, like how can we empower our creators?
How can we provide a better tools and how can we, you know, really, really focus on making
this really amazing experience?
Um, yeah.
And, you know, one other feature that we are planning to release with this update is, uh,
basically like a centralized, uh, collection page that you can customize.
So you'll be able to put up a banner.
You'll be able to, uh, create token accesses that are all within that same page.
Um, so it's kind of like a, like a, your own like collection portal page where you can,
you know, see the items that were being minted.
Um, so we kind of see that as a precursor to what's to come, which is to allow you to,
you know, have your own marketplace.
Right.
And we've been kind of talking about that.
We've been, you know, promising that, um, you know, one of the biggest things that,
you know, we had to do make sure was, you know, our infrastructure was set in place and
this diamond collection is, is part of that roadmap to get to there.
So we're really excited that, you know, we are getting closer to that goal.
So we will definitely be pushing towards that as, as soon as possible.
So we're, we're, we're going to be, you know, talking about that more and more in the near
future.
But when it comes to like, you know, features that are currently baked in, which is not exposed
to the UIs or which is currently not exposed to, uh, as an app that you can install, um,
there's just so many features that are baked in.
Like one of them is we have the ability to, uh, control, like how your entities are being
transferred.
So it's basically a mechanism that you can, you know, pause trading on certain individual
token IDs.
So you can, you know, in theory, you can set it so that, uh, certain pieces can be like
quote unquote, like staked.
Um, it could also be used as like, you know, banning mechanism in case like, you know, like
a, somebody's got their wallet stolen and, you know, instead of being flagged all over
the marketplaces, maybe you can flag it.
Like quantum variance collections.
They're always getting flagged and stuff gets stolen.
Yeah.
Which is, which is really annoying, you know, like, you know, what if there is a way that
you can control that within your smart contract, right?
And we're giving you the tools and, uh, features for that.
Uh, by the way, no, those are like coming out right now.
It's not coming out right away.
We're obviously building towards that, but those are all baked into your smart contract.
So in theory, you can even go to either scan and then you just turn it on and it might just
work for you.
Um, but yeah, we are going to be building those, uh, as part of our next apps.
Um, yeah, and I think a lot of people are also asking about like the burning mechanisms,
uh, you know, kind of like what Terrence was saying, we just don't have it in the UI yet
because, um, you know, we don't want to put out a shitty user experience, but it is all
there ready to be unlocked.
And, you know, we do have projects that, uh, are, aren't just one single creator.
They do have teams or they do have devs that, uh, could do just a little bit of work on
top of it to, to do some really cool stuff.
But yeah, um, Bradley, what's up?
Hey, what's up?
I, you know, I think the fact that you guys are, uh, um, talking about the burning function
coming, uh, makes me bullish on the fact that like, you know, things could be started and,
you know, it doesn't have to necessarily be in the UI, you know, you can move to that burning
later.
I think that's incredible.
And the, the communication that you guys have is like, I mean, unreal for web three.
I'm so bullish on nifty kit.
It's not even funny.
So I just wanted to make sure I, I came up and thank you guys, uh, for all the support
you've been giving us, uh, while we, you know, jump in and start, uh, basically making
everything we do nifty kit.
Oh, that sounds so awesome.
Uh, appreciate you, you coming up and, um, you know, uh, putting our, putting our team
to the test and asking us the, the, the good questions.
So, uh, you know, we love that.
It really helps us kind of see where projects are, what they need.
Um, and plus it's fun to just geek out on like, oh man, you know, this project needs
that.
Um, you know, as Terrence was mentioning, we're set up to be able to extend a lot of,
uh, additional functionality.
Um, you know, not just like burn, redeem and staking like the popular ones, but, you know,
soul bound tokens on chain art, um, different ways to, to pay.
Um, you know, there, there's a lot of possibilities with it.
So, um, diamond, diamond smart contracts, uh, are going to be a really powerful tool to unlock.
There was something Jeff was talking about earlier and I briefly caught it about, um,
setting the metadata to change to the specific day of the week.
Jeff, I don't know if that's something that you've been talking about a lot, but that was
a phenomenal idea.
Well, I mean, I, I like, and let the devs answer this one, but like the idea of, of basically
having, um, an interface where you can set an interval of what shows when and stuff like
that.
I mean, I know you guys have an API where you can adjust the metadata dynamically.
So it seems like that wouldn't even need to be on chain.
It could just be something that would need an interface again.
Yeah.
Yeah.
And yeah, you're, you're absolutely correct.
Like, you know, we, we do have an API that you can, you know, have that and, you know,
we're, we're always open for ideas for apps.
Right.
So if those are some of the things that you feel is going to add a value, um, we're always
down to, you know, geek out and talk about it.
And yeah, like all of that can still be done today with the APIs that we have.
And with the diamond contract, we are actually going to be expanding more on the APIs.
So there's going to be more endpoints that are available for developers.
Um, we are planning to have more hackathons.
We're, you know, chatting with Enco Club to talk about, you know, a creator focused hackathon,
right?
It's not, it doesn't have to be about developers.
It can also be about art.
It can also be about NFTs.
It can also be about, you know, who can create the best community.
So, um, you know, we're, we're always kind of like adding functionalities to, you know,
really diversify some of the things that you can do with NFTs.
I would love to see a, oh, sorry.
No, go ahead, Bradley.
Uh, VGF had a phenomenal idea the other night.
It would be so great to see something at like NFT NYC for a user interface hackathon.
Um, like bring, bring that group of people that have the ability to literally create
something that, you know, we all know we want and is the most difficult thing to really
break through and blaze trails in.
I would love to see you guys do something like that.
Yeah, that's a super cool idea.
Um, yeah.
And as, as developers, you know, Terrence Lofton and I love hackathons.
Like we, we go back and we, we love doing these like 24 hour grinds.
I think that's just why we get really good at shipping so quick, but yeah, it's interesting
to, to have artists hackathons.
I think the tools that we're building are going to really help, uh, be geared towards someone
who wants to, you know, it's, it's all about the packaging, right?
Nobody buys a product.
They buy the packaging.
So if you have these really cool tools and, you know, underneath it all, it may seem like
you're just pressing a couple of buttons, but like on the, on the front facing part of
it, it's just really cool interactions, things moving dynamically.
Um, you know, there's just really interesting use cases on storytelling, like going back to
the API that we have.
When you create a contract on Nifty Kit, right after we ask you if you want to point your
metadata to our API, or if you want to point it to IPFS where, uh, you know, all your files
are already at.
But when you select the Nifty Kit API, it basically, uh, allows it.
So anytime you change the metadata, you don't have to do a transaction to the blockchain and
pay gas.
It's just going to happen in real time.
So, you know, if you think about, uh, all of your NFTs at any given time is at a certain
state.
So pre-reveal state, the reveal state, and then any other state that you want moving
forward.
So if you're telling a story and everybody is going through the same story with you,
uh, maybe on week two, you update everybody's NFTs that are part of the story, or maybe somebody
dies in the story and you burn them off and you burn the NFT.
So there's a lot of really cool things.
If you think about metadata that, that you can do.
Um, and if you just think about it as like, what is the state of your NFTs at any given
time?
And, uh, you know, what do you transition it to?
That's helpful.
Okay.
So we went dark, but we can make it back.
We can make it back.
We can have births too, not just deaths.
Yes.
Births.
Yeah.
Unlimited NFTs in your collection.
So you can always, uh, birth out a new NFT if you need to.
So I know this is, and Terrence mentioned a little bit about this, but, uh, I know this
is like a big thing.
Um, and, and some people are just sick of talking about it, but I'm not royalties.
And, and one of the things that, that I, this is, I'm just going to throw out, like, this
is my wild idea.
And it seems to make sense in my head as an artist, but like, bring me back to reality
and tell me what's real.
Because, um, in context of a royalty has to be supported by the marketplace to work.
So if there is a marketplace wrapped up inside each token that enables it to fulfill the royalty
for that token, is that like too expensive for gas?
Is there like, is it just like too big of a token that we just like, you know, that can't
work because of that?
Or, or what's, what's the, the general hurdle of that becoming an implementation?
Yeah, I mean, great question.
Um, so just to, you know, let, you know, like there's been quite a bit of like, you know,
back and forth between, you know, OpenSea and Blur, like, you know, they're basically battling
out with technology, right?
Like, you know, even if OpenSea created like the operator filter registry and, you know, they're
trying to like, you know, limit like sort of marketplaces from transactions.
Contracting, like they're able to get around all that.
Like, you know, even if they set it up so that, you know, Blur can't really purchase an
NFT, they still can.
Like, you know, there's, there's just so many like different ways that, you know, NFTs are,
you know, currently designed that doesn't really support the royalties to the, you know,
function to the features that we wanted to, right?
And, you know, it all comes down to what is an operator and what is an operator management
going to look like in the future?
Um, because, you know, operator filter registry that OpenSea created or, you know, we created
and then, you know, whatever.
Or, but that, that basically says like, you can block certain operators, right?
But Blur has been going around and creating hundreds of operators.
So it's almost impossible for OpenSea to continue to block them and have this like whack-a-mole
of like, you know, blocking each other.
And, you know, it's, it's never going to end.
Like they're, they're always going to find something, um, you know, the, the way that
we see it is like, you know, how do we, how do we actually prevent that?
How do we actually, you know, have those people like, you know, being able to follow the rules,
you know, basically because this is your collection, this is your NFT, like you should have the ability
to, you know, choose whether, you know, you want to list it on Blur or whether you want
to list it on OpenSea, that should be up to you and your choice, right?
But these marketplaces are, you know, basically not giving much choices to the creators.
And we're seeing this from time to time, like, you know, even if there's any, some sort of
a new innovation come out, there's always going to be a way to just turn it around and,
you know, make it about them.
So it's like, it's, it's really, it's really annoying.
So the way that we envision like operator management is instead of having a allow all pattern where
you block certain operators, which is kind of, which is basically what everybody's doing
right now, why don't we just have a deny all operators and only allow certain ones in?
So that way, they have to be, you know, allowed to be able to, you know, transact and, you know,
trade your NFT.
So that way, like, you know, there's no room for like, you know, creating multiple operators
and trying to game the system, we can just block everybody and only allow if you allow them
So that's kind of like the design pattern that we're looking at for addressing some of the
royalty stuff. But I guess like, going back to what you were asking, Jeff, like, is there
a way to, you know, wrap a token and, you know, have all that functionality? I'm sure
there is. And I'm sure there is a way, but there's going to be another way to circumvent
that. And, you know, these, these marketplaces will continue to do that until, you know, it's
just going to be a continuously like battle it out with technology. And we don't mind doing
that. It's not, it's not that like, you know, we are afraid to like battle it out
with them. It's just more about resourcing and what is, what is most efficient for us.
And I think, you know, for us to kind of like, you know, start building towards that
secondary marketplace and then allowing you to kind of have control over that your own
market, like to us that has a better merit than, you know, just trying to find a ways
to make it work. You know, they'll eventually be overturned later.
Gotcha. All right. So I do want to say that my idea of, of where NFTs are going is not locked
into 721s and 1155s. Like I'm a hundred percent open to a new standard. Something I understand
about the diamond contracts you guys are developing is that you can modularly upgrade them and it
can be a 721, 1155, which are, you know, one of ones and additions at the same time. So if I
understand this correctly, your new smart contracts could be open to a new standard. Is that correct?
Yeah, absolutely. We can definitely support like more, you know, standards, but at the base level,
you know, we want to try to keep it as compatible with other marketplaces and, you know, any other
NFTs that are being developed. Right. I think, you know, in that sense, like, you know, if you want to
have your NFT show up in a wallet properly, if you want to have your NFT, you know, tradable and,
you know, showing up in all these other platforms, you know, we don't want you to lose that. And we don't
want you to kind of like, you know, be able to, you know, not be able to participate in the
decentralized NFT space. So we would kind of recommend you to stay with a 721 or 1155 mainly
because compatibility reasons across, you know, all the NFT space. But yeah, absolutely. Like in terms
of the diamond contract, you can, you can have multiple standards that are defined to it. And yeah,
if there is a way to create a new standard that, you know, other marketplaces can adopt,
like, you know, that, that could be something as well.
I love that because, because we have to lead, they have to catch up with us. That's all I'm saying.
Yep, exactly.
Anybody is free to come up. If you have any questions, just a request to come up, raise your
hand. We're just here with the team with Nifty Kit. And this is our Wednesday AMA room. We're super
excited to share some things that are going to be rolling out this month. So feel free to un-mic,
raise your hand, come up on stage. We're just talking about all the new tools, features and
things that Nifty Kit is planning.
Can we talk about collabs yet or no? Because I'm pretty...
No, not yet. Ooh.
Can you post your Sharpie drawing? I love it.
Oh, yeah.
I'll do it. I'll do it. I'll pin it. You talk.
Yeah, do it. Yeah. So
one thing that we know is, you know, it takes a team to launch some of these bigger projects and
gets kind of lonely building by yourself. So we created the ability and we actually had this when
we first launched to do collaboration. Maybe it was too early. But with the new collections,
you will be able to control and own the smart contract, but also invite others to collaborate,
whether that's them coming to mint NFTs in your contract to sell or to just be a viewer of the
project altogether and click the buttons to do reveals and some of the other configuration things.
But, you know, at the on-chain level, like, being able to have multiple artists in one
collection is pretty cool. You can do a collection of 30 artists doing one of ones. You can do 30
artists doing 30 open editions, a mix of both. So it's going to be really cool to see
teams or groups of artists, curators, collectives, just really see what is collaboration with other
artists look like. I'm not sure what other there may be some other platforms out there that have
something similar to collaborate. But really, what I've seen for collaboration is like, here's one
NFT. I'm going to mint it, but Jeff and I worked on it together kind of thing. So there's those kind
of collaborations. But then there's also just like a curation of artists, which I think is going to be
really cool, especially if there's different mediums versus just or different types of assets versus just like
image and video. Like, imagine if everybody does a collection of wearables or three objects you could
use in the metaverse or something. So there's a lot more than just art that you can do. But it's going
to be really cool to see how the artwork and an artist collaborate together on a contract and still get
the provenance and proof that it actually is from you in that group.
So does that mean multiple people can mint under the same contract?
Yes, the owner of the contract just needs to put the wallet address of the person that you want to be
able to run those authorized commands, like to create and mint.
Okay, so the contract owner would stay the same, but whoever minted the piece would then
be the creator of that piece kind of.
Yeah, correct. Yeah, like I could own the contract and not even be an artist. And then,
you know, with the revenue splits, you know, it gets really interesting on how that gets handled as
well. And it could all just be managed through there. Everybody gets visibility, sees the performance,
and really can just do more besides, hey, here's a piece that I'm minting, go buy it. You know,
maybe there's some additional like functionality or things that you do to make a collaborative drop
more dynamic, right? Like, maybe it's 30 artists who, you know, have a different part of the story
in the story. Chapter one is just one collection. You know, there could be some really cool things like
that. I don't know, you guys are all the artists out there with all the creative ideas. I'm ready to
see, you know, let's try to level up and see if there's something else we can do with our art that
gives it another level of like engagement and interaction.
So, speaking to what Tipe was saying about the upcoming, you know, like, so you're starting off
with like a collaborative collection of NFTs, but then also a full on marketplace later. Is that the
kind of the plan? Yeah, I mean, we believe that you are in charge of your own destiny. So, yeah, it's nice to
be able to, you know, rely on a marketplace to help with the distribution. But, you know, we want you to
control and own as much as you can and try not to be reliant on marketplaces. Try not to be reliant on
us, right? Like, I love when I don't hear from people because they're able to just use the app. We
probably built the right thing. But, you know, the reliance on, you know, other platforms to do the
distribution is tough. We want to be able, and it's tough to do stuff by yourself, right? So, you know,
even with the platform like that, it could open it up for you to collaborate and bring marketers to come in
with a piece of the revenue split. But yeah, we're going to be extending on a lot more, more
functionalities for that. And this is just, you know, the jump off point for others to collaborate
in a unique way. Awesome. Yeah, I love, I love hearing about all the possibilities. And I think about,
you know, all the things that, that we can do with these, with these technologies.
Like, especially like, all of a sudden, like, well, you know, one of the biggest benefits of,
of DropKit is, is that you create a collection, and you've got a mint button that you can put on your
web page. And the people can go there, click the button, they know it's secure, because it's going
through NiftyKit. But like, I just, I just see all these things kind of like merging and becoming
kind of, you know, modules of the, in and of each other. And it would be so cool to have,
I just always wanted this, to have a mint button, like, on the same page where you can see the
collection. It just, like, that's unheard of. And I don't know why. It seems like it would be obvious.
Like, you click the button, and then your NFT appears right below it. And you can see, oh,
someone else minted. Oh, someone else minted. That idea, like, I mean, it's not like we need more,
more FOMO. But like, but like, watching the collection in real time update might help someone
make a purchase decision. I'm not saying it's a good or a bad thing. I'm just saying.
No, that's a really good point, right? Because especially if you're doing, like,
time sensitive drops, you want people there kind of rallying around, you know, like, it's really cool.
I love looking at live metrics and some of that stuff behind the scenes. Like,
Petio, he's in here. He's doing a drop next week. Pollen NFT, go down there and find it. He's the
cute pollen character there. But, you know, we love seeing these really, like, big artists doing a drop
or a pre-sale list. And then there's just, like, people getting dumped on the site. People are just
coming in. People are, like, refreshing. And I think it's going to be a really cool once we start
adding more, you know, things that are visual and can be put on your landing page, more or less.
And, yeah, having that kind of engagement in real time, like, people refreshing. People love to
screenshot and post on Twitter, too. You know, like, it was really interesting seeing some of the
waitlist. We did a custom waitlist that had, like, a little cute thank you message. And just people
screenshotting that and posting it up goes a long way. I almost didn't make it as cute as it was going to
be. I was like, oh, this is just a regular confirmation. Like, thank you confirmation.
Like, thank you. Please check your email. But since it was a little bit more cute,
you know, it actually got people like, hey, I've made it to this point. I'm confirmed. Like,
I'm going to share this and be part of the pack. So those little things like that, you know, it's not
the art. It's the little details. It's the touch points. We're also going to be releasing a lot of
new waitlist features, which I know ours right now is pretty vanilla with just wallet address. But,
you know, it's more than just your art drop, right? We got to collect leads. We got to,
you know, try and experiment with different things out there to see if we can get a signal
for collectors to see what they actually like. There's a lot of stuff that happens
outside of just that big drop that you do or, you know, the release. So, like, having these tools to
be able to have those people ready on drop day to have already engaged with you, your site, your
touch points. They know, like, what the page looks like. They know where to come and connect. They feel
safe. They're going to buy more. And, you know, with the way that we focus on the user experience,
like, it's going to be such a really cool place that Nifty Kit team is excited to be the ones to
help you put that best foot forward. And if you go on, if you're minting on some of these other
platforms, like, go test out the user experience. You know, go on mobile. Try to, try to mint your
stuff and then go to a Nifty Kit mint page and compare the, compare the user experience. There's a
lot of things that these other platforms aren't taking into consideration, especially with the amount of
different kinds of devices, browsers. People have so many different kinds of setups. You know,
I've seen these screen shares where they screen share, they got, like, 30 tabs and 100 different
Chrome extensions. Like, those things mess up the user experience. So, you've got to really design
around, like, all of these different types of, like, browsers and ways people are trying to mint your
stuff. You know, there's a big thing that I've been seeing. Again, just go test your drops out.
Test it on mobile. You know, test it from the standpoint of clicking on a social media link,
right? One of the big things that I see is, and I don't know if anybody's ever encountered this,
but when you go try to mint, it tries to open up the MetaMask in the App Store versus actually
opening it up in MetaMask and shooting you to the place that you need to, you know, do the minting
business. So, yeah, definitely, like, check that stuff out. And, you know, as we build more stuff,
we're going to help you provide more than just the drop. So, it's the long game.
I hate that when it sends me to MetaMask in the App Store and I'm like, open?
And then it's like, what was I doing?
Yeah. You know, that's such a conversion killer, right? Like, and this is the stuff that our QA team,
bless their hearts, they test so many different things. Like, we're constantly just, like,
manually testing. Did you test it on Android? All right. Which browser was it? Okay. Do you have
pop-up blockers on? Are you, you know, there's a lot of stuff that people and even other platforms
aren't aware of. And it's stuff that we know is super important that could change your minting
conversion rate from something that's going to get you to sell out to something that's going to get a
lot of people to drop off, you know? And sometimes you don't even know those issues are happening.
Sometimes you don't have enough data to see like, oh man, there's something going on with the iPhone.
It's fucked. Let's go investigate. We may need to fire a developer for fucking this up, you know?
Like, those things are going to be things that we find and try to improve. And it's not something
that's just, like, one and done. It's constantly, like, always happening. So, I'll leave it at that.
Just go check and QA your stuff before you mint a project out. Even if you're minting on another
platform, like, go and try to mint that thing every day. Like, you know, check it in different browsers
and all of that stuff before you start yourself. I personally have had issues, and this is just my
computer. I think it's, like, I think it's a combination of a couple things. Because Brave
is my favorite browser. It has, like, a bunch of blockers built in, which makes the internet more
secure. But it also kind of inhibits functionality on things. So, Brave is one thing. Sometimes I just
have to ultimately switch to Chrome. And then another issue I come up against is my VPN. So,
this is something I recently discovered, is that there was a bunch of different things going on
with my VPN. One of them was that, like, even if I wasn't connected to it, it was like blocking stuff.
So, it was like, you know, we're locking down and preventing content from going in and out.
And I had to turn, you know, that function off and on to be able to do certain things.
And then also, just automatically, like, we're just ultimately having to disconnect the VPN
altogether. Because it was just like, you know, getting in the way of my traffic and not letting
me interact in the way that I wanted to. So, I think it's probably worth, from my point of view,
if you're looking at certain audiences, if you're, you know, want to put a little disclaimer,
you know, just probably would be a good thing on your website. I'm talking to the audience here.
But to put something on your website, or to make a little mention, turn off pop-up blocker,
and disconnect your VPN if you're having issues minting or something like that. Because that can
be an issue. And it ultimately might not be on Nifty Kit's end, you know? So, keep that in mind.
Yeah, we'll help you figure it out.
That Brave browser to Chrome is the most depressing. I love Brave. And then when I switch to Chrome,
it's like, why does it have to be like this?
Yeah, there's been a couple sites that I've interacted with that just don't like Brave. And
maybe it's their blockers, or I don't know what it is. But it's built on the same core. It's built on
Chromium. So, I don't know. But I got a bunch of Brave stickers at ETH Denver. So, I'm psyched.
You're a Brave. Yeah, there's also a fun fact is, we actually get like, you know, very large share
on mobile devices. So, a lot of collectors do come to mint using their mobile device.
So, one of the key reasons why we feel is very important to optimize for that.
You know, sometimes you're on the go and you want to mint, you know, you're not going to like bring
your computer to be around. You just want to get it done on your phone. And, you know, we see that's
going to be, you know, more as wallet apps get more developed, like that's going to be the norm is
more people are going to start minting through their phones. So, as Dan mentioned, like, you know,
if there's like any sort of like, you know, issues on mobile, make sure you're testing it and make sure
it works good. And, you know, if you use like our product and our platform, we make sure that we take
care of that for you. So, yeah, fun fact. More people are minting on mobile.
Yeah. And it gets kind of scary. Like, you know, obviously, we have the mint page that you can use
and we encourage and put a lot of effort into just making that thing load really quick. But we do get
nervous sometimes when it's the embeddable mint button, because sometimes you'll have that embeddable
mint button that you can easily create in your drop, you just copy, you know, click a couple
buttons, put what you want it to say, change the colors, and then copy the code, go over to your
Squarespace site or something like that with the CMS pasted in there. But sometimes the places that
you're pasting it into are janky themselves. So, you know, sometimes the mint button will be affected
by something else that's happening underneath. So, for anybody who is doing it on their own site,
there's an additional, like, you definitely got to test it and make sure that it's working, because
there are some janky sites out there. And I think, like, you just have to think about, like, load times,
you know, what is the sacrifice that you have to make? It's not having all the super high-res, flashy,
you know, jpegs on there, like, really slowing the site down. Like, sometimes, like, easy does it, right?
You just have the mint button, they know they're there, you do the business, and you make the sale.
So, I have a hard cut. I'm going to take off. I'll let everybody continue. Please check your emails
and get into the Discord for the invite link, the special preview invite link. I'm going to be doing
that for three days. So, Friday, Saturday, and Monday. If you want to come and get a little sneak
peek of all the goodies, reach out if you have any questions. Appreciate everybody for sticking with us.
All the Dropkit Pass members, all the creators who have been here, you know, whether you've been
here for two years or you're here just new and you just got on, like, we appreciate you and are
willing to help you out, get you where you need to be. And if you're new, you know, would love to hear
about your project, like, where you're stuck, what you need. You know, we do have help in Discord.
If you become a member, we have in-app chat, so you can always reach out to. Eugene is usually
manning that and helping people out with metadata and all of that fun stuff. So, thank you, everyone,
for, you know, coming out. I'm super excited next week, March 14th. You know, hopefully we'll see you
on the 14th doing some cool new diving contracts. So, thank you all.
Before we cut, I just wanted to let the space know that on Friday, 12 p.m. Pacific Standard Time,
3 p.m. Eastern Standard Time, join us back here on Twitter Spaces. We're going to be having a
conversation with Nyla Hayes of the Long Necky Ladies and the Nyla Hayes collection. It's not our
normal day, so it's Friday, so just putting that out there. We'll be sharing some promo online,
so look out for that. And yeah, are we done? Does anybody, Terrence, did you want to
continue the conversation, or are we going to shut it down?
Yeah, I mean, you know, since it's an AMA, if there's any other questions, happy to stay and answer
them. Yeah, I mean, it's up to everyone here.
Jeff, you had your hand up before. Do you have a last question?
Well, not a question. I just wanted to point out in reference to what Dan was saying.
I tried to do a drop with the embeddable button through Google pages, and that's where,
I think that's one of the points that he was referencing where Google has something running
on their system that essentially blocks certain scripts. So it was preventing the button from
working. And the coolest thing in the world was that I was just, okay, my drop isn't canceled. I'm
not going to freak out. I'll just send people to the Nifty Kit page. And people were able to
submit from that page, which was working just fine. So, yeah.
Awesome. Well, if nobody has any questions, we'll see you back here on Friday, and we will see you
back next week for a whole week of exciting rollout of Alpha and other goodies, as Dan puts it.
So I'm just going to play us out. Definitely check out all the pinned tweets above. Thank you,
Jeff. Thank you, Jeff, for always asking so many questions. Because without the question askers,
you know, we don't have the answers. I have even more questions, but like you guys have other things
to do. I'm going to let you get on with your date. You're like, I'm pacing myself. No, we're really
excited about, you know, the stream and all of that. So yeah, so we have that to look forward to.
Check out the tweets above. Definitely follow Nifty Kit. Look for the pollen drop happening,
or register for the pollen drop. So cool. Thank you guys. Thanks so much for showing up.
And we will see you in another Twitter space very soon.
Bye.
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