🗓 What Happened on Tech Twitter in February

🤑 Everyone got rich on NFTs except you, 🐦 Twitter got its groove back, 📸 The Dispo beta FOMO went viral

Mar 10, 2021

Yo! ✌️ I’m Brett! Social 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. 😞

✨ The TLDR

🤑 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.

On Deck on Twitter: "What is On Deck? Glad you asked. Here's an ongoing thread of threads, summarizing: 📈 Where we came from ✨ Where we are going 🚀 What we are

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🤑 Everyone got rich on NFTs except you

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.

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)

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

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

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.

MrBeast @MrBeast

@garyvee I want to make one

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.

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

st. @seyitaylor

techoptimist.xyza collective of tech optimists 〜techoptimist.xyz

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.

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 🚀

📸 The Dispo beta FOMO went viral

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.

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

Daniel Liss @Dlisscious

The @DispoHQ Roaring 20s are here. Let the social revolution begin. Community. Joy. Authenticity. Live in the Moment - Dispo by David Dobrik youtu.be/o8q3O0f-7zA via @YouTube

Live in the Moment - Dispo by David DobrikGo check out our new version of Dispo: https://apps.apple.com/us/app/dispo-live-in-the-moment/id1491684197 Super excited for this!! Its our first version of ...youtu.be

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.

🐦 Twitter got its groove back

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.