Lads know @MadLads NFT and COMMUNITY is one of the best in NFT history. There’s a huge focus on airdrops, and TGE; but I don’t think that tells the full story. . . Armani and Tristan never promised/created airdrops. They were earned for being a knowledgeable, cohesive, and financially sound community etc. how was that community built? - The art is super clean with fun traits. Very readable images for an NFT. First great female traits for a generative NFT. Made for very good super rare groups! (skulls, Lasses) - Legendary mint. The honeypot, WAO, everything that was MadLads. Partnerships with pro athletes, started a goated community. - Armani’s technical ability and Tristan’s community building efforts. The community rallied around these 2 different, but complimentary builders. Look at Armanis coding commits, and was still present active and kind with the community. They worked hard as fuck, and still are. So, There was Lads community and @Backpack as a product. A unique, compelling strategy at building a brand / company. - a group of buyers that associated the price of the NFT with the rise of the community, brand, and product being built. This created a higher than market price floor, and an elite group of holders and lovers of the brand… and came with a valuable network effect. - MadLads are awesome, understand the industry, love the Lads/BP brand, incredible community, and are loud about it…. - new founder: “hey I want those guys to have my token, and use our product and champion it the same way” lets literally give it to MadLads… (Side note - I bet Armani/Tristan had to work quite a bit to make airdrops verified and safe, and form partnerships ie Pyth, Wormhole direct in BP wallet) This is how the community and MadLads earned airdrops. One couldn’t have done it without the other. Absolutely not. For TGE, Sure, current or new holders may have a sour taste in their mouth, as they expected airdrops of size that haven’t arrived, or a share of TGE that was larger than they thought. It is nearly impossible to satisfy every holder cohort you might have. You have volume on exchange, activity on X/discord, time held, amount of NFTs held. People’s speculation on TGE does not credit or discredit anything MadLads or the team has done. They have been overly transparent at every step of the TGE and otherwise. It is an investors job to accept the risk and reward associated with short/long term market conditions, product life cycle, and the terms of the TGE/equity thereafter. TGEs are hard. Great companies (that make a ton of money) struggle for a multitude of reasons. In a year, we may be looking at this market cap for Backpack and deeply regret not buying more, instead of fudding… A company of Backpacks caliber giving a portion of their token (and equity) to an NFT collection is insane. While 1% feels low intuitively, it’s not. It’s very high. If BP gets to 10% of market cap of Coinbase, you will wish you held your tokens. And that’s their plan, to grow and compete on the highest level. With the vision Backpack has, to compete with Coinbase as a holistic wallet/exchange/bridge/trade/onofframp/dApp compatible/margin/EVERYTHING CRYPTO engine. 1% of that company is a TON. Backpack’s story has just begun. They are ambitiously are trying to be the best. Every move up to this point has proven it. I’m here to support operators who have been grinding for years. @armaniferrante is seeing this through and the hardcore community members who understood the vision will too. And they will be rewarded in the future. End of the day, it’s Punks, then Lads. WAO. 👑🎒🐺