Fun

Minting

I’ve been hinting about minting.

TL:DR – I’ve minted a new NFT collection!

As a community builder and hybridized translator of technology, I’m proud to be surrounded by remarkable artists and nerds you need to know. As trailblazers continue to push boundaries, the decentralized, community-driven aspects of blockchain technologies has me in a curious state of pure wonder.

To test a blockchain technology, Nathan T. Wright and I teamed up to learn through action. We decided to explore non-fungible tokens (“NFTs”) by creating a new NFT collection called Roasted Reflections!

This caffeinated collaboration commemorates one year of YDNTB and is dedicated to connecting entrepreneurs, intrapreneurs, and community builders. Only 100 NFTs will be minted on OpenSea throughout the month of April. We’ve established two small, more exclusive categories of tokens that include bonus materials, VIP access, and tradable value. A third category has more NFTs minted as free airdrops for those who pickup the new YDNTB NFT Bundle to share.

This special NFT collection is now live, as the first NFT was minted on April 1st, 2022. This rare collectible comes with all sorts of perks and was appropriately titled, Hello World – #1, with a .412021 ETH price that pays homage to the 4/1/2021 publishing date for YDNTB. Two more tokens will be released into the RR collection each Wednesday until all 100 tokens have been minted!

Extra Shot

Did you catch the subtle hint for this emerging NFT project in Launch? This learning expedition was also the inspiration behind Perpetual.

What’s next? Watch your inbox for more details on this interactive NFT project, including a special invitation to a new Discord channel built for all of us to continue building together. My hope is that along with a fun way to collectively enjoy this digital treasure hunt, the Roasted Reflections NFT collection will be remembered as how my family and friends secured their very first NFT! In the meantime, here are a few of the lessons learned along the way.

– Humans enjoy collecting things together.
– Value is often based on supply, demand, and a sense of belonging.
– NFT minting creates a unique item connected to a smart contract.
– A smart contract for each NFT is then data stored on a blockchain.
– The first NFT was minted in 2014.
– Think less about how NFTs look or sound.
– NFTs represent ownership verified by data.
– These digital assets can also be used for various types of access.
– Categories in a collection provides scalability and diversifies value propositions.
– You need a digital wallet to receive, buy, or sell NFTs. (I use Coinbase)
– OpenSea is the largest marketplace to learn, create, buy, and sell NFTs, but Coinbase NFT is coming soon.
– Floor price is the lowest priced NFT in a collection.
– Weekend minting is often less expensive.
– Computing power for the verification process creates a harmful environment impact that needs improvement.
– Successful NFT collections are community-driven.
– The most expensive NFT sold for $91.8M.
– Airdrop is a fancy term for giveaway.

Extra Shot

I can’t help but to think, perhaps the NES generation who grew up wasting all our allowance on sports cards as kids, was destined to bring this technology to life.

I thought NFTs were silly at first. Talking with others and thinking about smart contracts can transparently certify proof of ownership has made me think again.

In the future, perhaps NFTs (or similar blockchain technologies) will be applied to verify event tickets, legal documents, and personal property? What if a birth certificate came with it’s own NFT that had a smart contract secured to the same person’s death certificate? Weird stuff, eh! Tokenomics is still the wild west and NFTs are considered a speculative asset, but it’s fun exploring uncharted territory and it’ll be interesting to see if a community-driven NFT collection like Roasted Reflections allows more explorers to own a small piece of this new frontier.

By Ben McDougal, ago

Dark Matter

Something that looks like nothing can still create gravitational effects.

Invisible forces may not get as much attention as the shining stars of our evening sky, but they fill our universe and impact everything. This metaphorical dark matter may be a misguided mindset. Maybe it’s an experience that altered the trajectory of your life. Perhaps it’s a habit, a relationship, or a mysterious feeling you often sense, but don’t yet understand?

Extra Shot

“The universe is under no obligation to make sense to you.” –@NeilTyson

No matter how your own dark matter manifests itself, the gravity it wields will attract the light of your life. As the renewing energies of Spring begin to bloom, we’re invited to look up and reflect on dark matter that may be pulling us in the wrong direction. Even the slightest reduction on a negative charge, creates a refreshing void that welcomes positive growth.

Extra Shot

Let’s stir in a friendly welcome and thanks again to all who tap into this weekly blog for entrepreneurs, intrapreneurs, educators, students, and community builders! After the release of YDNTB in 2021, the soon-to-be minted NFT collection commemorating its one year anniversary, and now 67 consecutive weeks writing into these Roasted Reflections, my hope is that this innovative energy keeps us all creating art in ways that feel like play to you, but looks like work to others. Stay curious and keep building!

By Ben McDougal, ago

Serendipitist

Do things always seem to work out for you?

Our internal narratives and external experiences make the cultural consequences of serendipity hard to refute. Serendipity may be pseudoscientific, but it makes sense that things we dedicate our focus and attention to, naturally attracts more of the same.

This mental model can be established in many ways. For me, the appetite for welcoming serendipitous collisions has been brewed from the eternal optimism that an entrepreneurial lifestyle constructs. No matter the source, I believe many of us are, or have the potential to be serendipitists.

Serendipitists seek adventures that invite, sometimes even require different layers of serendipity. The extend at which you control what you’re able to control (a dichotomy within stoicism), while also letting the winds of happenstance guide you through a sense of abundance, determines how often/deeply we experience this charming phenomenon.

Extra Shot
What’s normal for a spider, is chaos for the fly.

In the moment, not everything will work out. This is why serendipitists are often confused with just being lucky. Serendipity and luck both require preparation, openness, and opportunity. The difference between serendipity and luck, is perseverance. Over time, serendipitists share similar energies within their practice.

Serendipitists say “yes” more often.
Serendipitists consistently show up.
Serendipitists assume positive intent.
Serendipitists seek to understand.
Serendipitists are empathetic.
Serendipitists are generous.
Serendipitists stay curious.
Serendipitists fuel positive change.
Serendipitists play long-term games.
Serendipitists have fun and die empty.

As we experience serendipity, celebrate it. Recognize the random awesomeness that comes from the positivity you squeeze into the universe. Continue connecting dots, appreciate how things come together, and keep making a ruckus to feel it even more.

By Ben McDougal, ago

Anticipation

The present is a gift, but it often feels like a window that reflects past experiences into what may come next.

The temporary nature of each moment makes it hard to hold onto. For those who like to build, it can feel lazy if we’re not constantly evolving from things we’ve learned in the past while also actively planning for the future. While staying in the moment provides peace and limitless space to appreciate the entire spectrum of now, mashing this mindfulness with an ability to explore and create fresh things is healthy and often creates the common sense of anticipation.

Extra Shot

This was written on a plane, right before I recorded Landing in Salt Lake City, followed by two days snowboarding in Park City, and then my first time having coffee with 1MC Salt Lake City.

Sometimes anticipation can be confused with worrying too much, but it’s quite different. Worrying is like agreeing to be unhappy until the present delivers whatever originally concerned you. These two feelings do have one key attribute in common: they are both focused on the future. This is one reason why anticipation flies in a similar orbit with worrying. In contrast though, a key difference that anticipation has going for it, is how it often has a more positive spin.

The positive nature of anticipation can be a signal of purpose and progress. It emerges all around us. It might be that new startup your building toward launch. A first date, booking travel, having a baby, the first day of school, or basically the first time trying anything new delivers different levels of this same sensation.

Another positive effect of anticipation, is how it can help guide proper planning. Creating moments in a business that allow the team to feel anticipation can fuel purpose and over time, this converts into a shared conviction. This leads to the potential to unlock a wonderful wild card: persistent. In business and in life, a strategic effort up front, without overdoing it or getting caught up in things you can’t control, may allow the anticipation of a future moment to soon land exactly the way it was meant to be.

Extra Shot

After whatever created the initial anticipation, it  sure feels great when a small amount of planning is paired with an open mindset and everything turns out just right.

By Ben McDougal, ago

First in Line

There’s something special about being first in line.

Being at the front of a line means you’re committed. You’ve made some form of sacrifice to ensure you’re first to experience something you care about. The unknowns of arriving in time to secure this coveted spot requires a concerted effort, but a sense of pride materializes when everything goes to plan. When was the last time you where first in a long line? My hope is that the wait was worth it!

Extra Shot

FliteBrite is bringing our beer festival app out of hibernation. Here’s the line that inspired this week’s writing.

When I think about being first through the lens of innovation, first in line is not such a desired position. Being first gives entrepreneurs a chance to take an early lead, but early leaders don’t always win in the end. The headwind is strongest when you’re in front. When your art involves creating something the world has never seen before, enthusiasm from early adopters is often met with pernicious friction. One common source of friction is the almost endless time spent educating the prevailing market. This protracted process wears on even the most resilient and exhausts resources every step of the way. Along with frictions that come with being first, without any clues from past success/failures, it’s harder to avoid potential pitfalls as well.

There’s value in a head start, but the early market leader often falls behind the innovation curve. Please, never hesitate to forge into the unknown, but remember that when you lead, others will always be chasing you. If you’re building in front, stay ahead with epistemic humility, a challenge network that invites you to be wrong by avoiding groupthink, a genuine desire to accelerate others, and bold leadership that allows intrapreneurs to stay wild. If you’re the one chasing, which is far more common, you’ll need to be innovative to find product-market fit, but it’s nice knowing there’s an existing path with fresh opportunities to champion change in an existing environment.

Alright, let’s add some sugar.

What if we don’t have to be in the line at all?

The front of any line may be a traditional way of getting ahead, but this requires time with no guarantees and you’re still relying on some else to let you in. If this activity is something you really enjoy, be conscious of how business can sometimes kill your passion, but there’s usually a way to be less of a spectator by getting more involved. One way to do this is by combining your creative skills and an entrepreneurial spirit to wedge yourself into the experience itself. This requires initiative, but volunteering, building into a side hustle, or using content creation skills can quickly become your ticket to skip the line all together.

By Ben McDougal, ago