đź’Ž Prices driven by utility & value

gm, and welcome to issue #26 of ✨Spark✨ It’s been a tough week for the crypto community, and chances are it’ll keep being tough before it gets better. Mel and I wrote an internal memo for the team, but here’s a section we want to share with all of you.

"The bear market should disproportionately impact participants who are here exclusively for financial gain, which may be what the space needs to rationalize into a healthier equilibrium state, where prices and demand are being driven by utility and real value vs. pure speculation.”

Let’s own up to the challenge and keep building strong and healthy communities of fans. And on that note, Bonfire’s officially on bonfire. We’ve created our own account so that we can start doing drops, sharing bounties, and posting some token-gated content. To start off we’ll be offering bounties in exchange for $R coins. Read below for more deets.

Bonfire Product Updates

We haven’t shipped anything new this week — but, we would really really appreciate your testing and feedback on some of our product updates from last week. As a reminder, we’ve got 3 new features that can make a big difference in streamlining your workflow and we’ve made them into bounties!

🗝️ Discord Token Gating

Why we buidtl it: We know discord is hard to use, but we still all use it. You probably have a lot of different kinds of community members on your server. From super fans to lurkers, each one can now belong in their own tier. You might want to give your super fans direct access to you, in a more exclusive channel where you share a different kind of content.

This integration allows for members in your server to connect their wallets, verify ownership and receive roles. To gate your server, go to Token Gates and create a new gate, or edit an existing one. Toggle on Manage Discord Role, and select the role that you want to connect to that gate. From there, it’s easy to create tiered groups within discord. Here's a guide on how to do it.

🤑 Twitter Bounty

Why we buidtl it: Bounties are a great way to get fans excited and engaged—at no cost to them! We’ll be creating a selection of templated bounties for frequent use cases, starting with Twitter ofc. For now, you can award bounties for quote retweets. That means you can easily amplify a specific message on social. Check out this example, from Mashi using the feature to bring attention to his remix contest. Here's a guide on how to do it.

đź’Ś Email Collection Block

Why we buidtl it: Because you need this so badly. We get it. Crypto, privacy, decentralization. But some fans won’t mind getting emails from you, they’ll actually appreciate it. Once someone submits their email, it’ll show up on their collector profile, which you can find in the Community tab.Here's a guide on how to do it.

Creator Spotlight: $PTM

Portugal the Man is selling token-gated merch in $PTM coin with our Shopify integration. The entire experience is seamless and users never have to leave their website!

Check it out and maybe snatch a new hat while you’re at it.

That's Fire

Top NFT marketplaces by Forbes.

How will NFTs work on Instagram? Like this.

Creating a better internet through web3.

Spotify is testing a feature that allows artists to promote NFTs on their profile.

State of crypto report with notes on the creator economy.

Stock photos meet NFTs in Getty Images’ new collection.

Tweet of the week

Your Turn

Do you have any web3 goals we can help make happen? No matter how big or small, shoot me an email or DM us on twitter about it. And check our Roadmap to submit and vote on your favorite features.

If you’re just joining, you can find our past issues here.

Until next time,

Bonfire Team