Those odds are stacked against us, but we are still here.

We ran out of money months ago. We are still here.

You guys got behind us because we would keep going despite all odds.

We’ve taken our fair share of people upset with, but we are still here.

We made some mistakes, but that’s also why we are still here.

Very few projects in the NFT space are left or have money to spend.

It’s bad out there. Real bad. We talk with fellow entrepreneurs all the time, and nobody can raise money for a Web3 company.

We’re still big believers in the NFT technology and blockchain, but we are currently in a bear, and will be for some time.

We think the market needs to mature and weed out the bad actors, and we’re seeing that now play out now.

OG’s know they need to survive long enough for a new cycle.

Because of our cash position we aren’t in an optimal situation, but we’re trying to make the most of it.

• The company was funding salaries and expenses through March, with some people only receiving partial payments in March and some working for free in March
• Some people started taking pay cuts as early as January
• By February the entire team was receiving reduced pay
• I haven’t taken a salary basically the entire life of the project. And I stopped paying anything to myself in July 2022.
• I have personally funded over $200,000 in salaries, conferences, operating expenses, legal, marketing, travel, giveaways etc.. over the life of the project.
• BCP and Lash have paid portions of software and services out of pocket.

In addition to funding challenges, we hit regulation and market condition issues.

What we did not ancticipate the government would crack down on regulation this quick, and in the way they have, so we need to put ourselves in a position to succeed.

Another issue we ran into is that even if we were able to deliver, and there weren’t regulatory concerns, the budget’s for our target market customer dried up with the market. So we must pivot for a time.

Everyone on the team has needed to find sources of income which has brought us to this period in time where development is moving at a much slower pace.

We’re calling this low power mode.

Despite nobody being paid, everyone has agreed to participate in low power mode, however they can.

We still meet every week.

We chat every day.

On Rug Radio:

• The initial plan with Rug Radio went much deeper than providing liquidity. We believed in Farokh and his vision, and the people he brought on board.
• There were aspects of the plan that are still relevant to Zero today and could still be implemented so we do not want to give away too many details but the tl;dr was offering a range of services to NFT projects — this ultimately morphed into Zero as our first step in that process
• The purchasing of the RUG NFTs and providing of liquidity did not go as we had expected, you could say that was a mistake — mistakes are all part of the process in growing a company. We are still holding onto these assets and will have a plan for them.
• RE: Rug Radio and Zero — we spoke at length with them about Zero, our plans, our vision, and ultimately decided the best first step was the DAO proposal without requesting funding. We have since spoken to them about low power mode, and what this means resource wise for our partnership. Many other projects are running into the same issues so they are understanding of our position. They are behind us, and we are behind them.

We are proud of the fact we developed technology that works, even though there is still a lot more we need to build to make it scalable and hands free.

But anything can happen in crypto.

Things change really fast.

Brands in crypto recycle like fashion trends when the next bull comes.

We have an awesome name, and people recognize it.

More importantly, we still have a team of people that are here to support it for now.

We need to be positioned to take advantage of a shift in the market when the timing is right.

Instead of packing it up because we ran out of money, we go into low power mode.

Were going to do as much as we can with the resources we have.

We owe this to you guys.

Please keep notifications on, and don’t hesitate to reach out. My DM’s are always open.

Thanks,

Fun

Apologies for this long-overdue update.

We had a wonderful offsite where we focused on the future of the project. We had a ton of work to do post-offsite and every week we have scheduled meetings to complete those follow-up tasks and get our questions answered.

So let's get into it…

We spent 2.5 days doing very intensive work together as a team. The entire team was present (Lash, BCP, PD, Fungie, FSteve, Audie, and The Dude), as well as some friends of the project who have been contributing to our mission recently. One of those friends is helping us design an LLM or Large Language Model to further extend our product, as well as helping us to automate as many internal processes with AI as possible.

It was a very collaborative process where everybody had an opportunity to share thoughts and ideas and help set the stage for the next 5 years of Probably Nothing as a company, and Zerø as a killer app. We pushed each other, beat up ideas from every angle, and came out with a very clear direction for what everything looks like moving forward.

Most importantly, we focused on our Why, How, and What, our mission/vision, ran a SWOT analysis, and locked in our roadmap in 3 phases: short (60 days), mid (120 days), and long (12m+).

SWOT

The first thing we focused on was a SWOT analysis for Probably Nothing as a company and Zerø as a product. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It’s important you identify all areas of your business for opportunities and threats alike, along with how the team’s strengths and weaknesses can help or hurt. We identified items in each area and made plans for how to approach and attack them.

Here are just a few examples of what came out of the exercise:

Strengths: Networked like crazy, integrity, domain expertise (web products, blockchain. & AI), working product in Test Flight and Google Play Beta.

Opportunities: Alternative assets market, partnerships, big sales funnel, AI for optimization, and exponential growth with a small team.

Weaknesses: Lack of funding, remote team, not everyone full-time, community comms.

Threats: Speed of tech moving too quickly, regulations.

Vision

We spent a good deal of time coming into alignment on our 5-year vision and plan including what, how, and most importantly why we are doing what we are doing. We did this exercise both for the company and for Zerø. Out of this exercise our goal was to come up with 3 simple sentences that can help us get real focused on everything from the product roadmap to the types of success metrics we want to achieve. Below are the Why, How, and What for Probably Nothing:

Why: To pull the signal out of the noise

How: We use trusted agents (human + AI) to identify the signal and disseminate it to users in zero time.

What: Create a source of truth for alpha.

We will continue to provide the community with further details as to what this means and how this plays out.

AI

We spent a great deal of time and effort talking about Artificial Intelligence, especially Large Language Models (LLMs) such as ChatGPT and Bard. We discussed and acknowledged the paradigm-shifting nature of this technology, and formalized plans for how AI would be leveraged not only internally to make us go faster but also as a tool that enhances Zerø and anything else we build in the future.

Fungibles took us through his vision for where AI is headed and how it will impact businesses and disrupt society. He had us watch this video first on how fast AI is moving:

Fungibles went on to explain how all of us will have an AI co-pilot that will work just like Jarvis in the movies, and how we will start to witness the collapse of big companies and products that consumers will no longer need because they will be able to do many tasks and jobs themselves. This massive shift from centralized institutions to individual users will put Probably Nothing in a really good position.

We discussed how close AGI is, how jobs will be taken by multi-model engineers, and how we need to organize as a company if we want to grow exponentially.

These next two videos do a good job of explaining this phenomenon.

You used to need 10,000 people to support a billion-dollar business.

Instagram did it with only 13 people. In the age of AI the next unicorns will be 3 person companies.

Everyone on the team is becoming a prompt engineer, and anyone we hire moving forward will also need to be one.

With AI, anyone one of us now do the jobs of multiple people. They are coming for your job, don’t get left out!

AI is here, get on board or get left behind; or as PD so eloquently put it: “AI or die.”

Zerø Roadmap

Our final piece of work was to revisit our roadmap for Zerø. We have an MVP of a product that is live and usable. Zerø has tremendous potential, and everyone who sees the tech agrees. We are now officially in a closed beta release, with Probably Nothing community members being the first to have access. We have also done activations at Web3 events across the country, giving people the opportunity to access Zerø through IRL interactions. Next, we will be onboarding holders of Rug Radio’s RDAO token.

Our road mapping exercise centered around refocusing and reprioritizing what we believe to be the core features and functionality of Zerø. We have a detailed set of features we will be building and releasing over the next 60 days.

Much of this focuses on the curation side of things, but also includes additional end-user features and functionality. We are excited to iterate on Zerø while simultaneously showing it to the world.

Out of the offsite we were able to create a very detailed road map that we are meeting about weekly and knocking down in two-week sprints.

Closing thoughts:

We have been personally funding everything for a while now. The entire team is working on reduced, or non-existent salaries. The directive from the offsite we all agreed to is to stay bootstrapped as we work towards cash flow. Once we solidify cash flow we have been looking into a number of alternative fundraising options. Lots of good ideas that we are working towards.

In November it will be two years since the token launched. But this isn’t 2021.

We’ve dealt with all kinds of fun bear things along the way from FUD, to Discord hackers, and even another brand sharing our name.

We also ran into a game changer called artificial intelligence.

If we don’t adapt, we die.

True entrepreneurs keep going despite all odds.

So we adapt.

We appreciate those of you who are still around for this journey. We can schedule a call with community members who would like to participate to go deeper into details around these subjects.

Please remember this is a long game. Don’t ever play with more than you can afford to lose and the community is still the IP.

We love you guys.

🫡

As I sit here and write this there is a lot of uncertainty about the future.

One of Crypto’s indestructible companies, FTX was brought to its knees by over-leveraging itself.

While 180 year old financial institution Lehman brothers failed, start-ups including Uber and Airbnb were creating a brand new industry affectionately known as the sharing economy.

The share economy was able to unlock untold value in people’s time using inventory that would normally sit idle.

Similarly, Blockchain unlocked a peer-based monetary network founded on the principal of decentralization.

Both are game-changing new forms of technology that have and will continue to transform the world.

Both Blockchain and the share economy were invented after the 2008 collapse; at the worst possible moment.

But was it?

In September, famed venture capitalist Bill Gurley wrote an article on McKinsey Quarterly about why now will be the best time to start a company in the next 15 years.

From less competition to better credit options and inexpensive supplies and materials, starting a company in a recession has its advantages.

With that backdrop, there are two moves Probably Nothing needs to make as a project to ensure we come out of the other side of this bear as a top Web3 brand.

Conserve cash and Raise funds.

But before I dive deep into these, let me back up for a second and talk about how we can build together.

On Open Source Business (OSB)

It’s hard to make OSB a reality when what you’re working on is happening in stealth mode.

This has been our conundrum at Probably Nothing. Everyone started following us because of our transparency and I’ll admit we were way more transparent than most projects. However, the one thing we couldn’t be transparent about is what we have been working on.

We needed to keep things as close to the chest as possible until we were absolutely ready to come out publicly. This ensured we didn’t give away too much to the competition until we were absolutely ready.

However that chapter will be coming to a close as we reveal our product on November 29th at the Metaverse Miami VIP party.

After that, we plan on putting together a community council to work with us closely on major product decisions. If you are interested in joining please contact us.

Building in stealth has necessitated us to make a number of key decisions internally as a team, but this is not how we believe a true Web3 native company should operate.

It’s time to do this right.

It’s time to build from the bottom up.

It’s time to take advantage of this paradigm shift where the community can be the customer, end user, financier, partner, the PR agent, and the marketing firm, at any given time.

We decided against raising traditional funding so that we can remain autonomous and only accountable to the community.

We’re starting to see the formation of a completely new type of enterprise, one that leverages NFT technology as proof-of-membership.

In this new world, like minded individuals get together and rally around common interests, buying into their membership. Everyone has a responsibility to ensure the project is a success.

With the old way of doing things, customers had to sit back and rely on the team to get everything done outside of the occasional user conference.

But in Web3, your community has all kinds of hidden talents. We’re expected to not only vote with our wallets, but participate within the ecosystem in a variety of ways.

One of the ways the Probably Nothing community can contribute will be tied directly to our product, which gives anyone a chance to be rewarded for contributing their time and effort.

Probably Nothing is leveraging on-chain technology to unlock the full potential of each and every one of you.

Web3 is an experiment in building businesses at light speed. The only way this is possible is by doing it with the community. This is the competitive advantage we have on Web2 and we designed our product around these principles.

Building together means different things to different people, but what it means to this project is being involved with your time, your skills, your amplification, or by helping fund our future together.

You will soon find out about the skill sets we will be looking for at launch, but for now let’s discuss how we’re going to fund this.

Conserve Cash:

As seasoned entrepreneurs we understand nothing is more important than cash flow.

It’s the life blood of a company.

In order to get to cash flow positivity, we have gone into boot-strap mode.

Some of the team have stopped taking compensation altogether, and others are working at below-market rates. We are also personally covering half of the costs for the reveal party in Miami.

To date, we have taken a token first-approach to fundraising by leveraging ERC-20 mechanics and will deliver an MVP in the near term. We need to conserve cash while growing our audience and making some noise for active members of the Web3 community.

With our connections and willingness to make sacrifices, we will have our brand in front of everyone within the next two weeks.

Raising Funds:

As soon as possible we want to launch our subscription service to drive towards cash flow positivity. To get to this point, we must fund this next leg of our journey. Our goal is to raise $500k through the sale of an ERC-721 token, a first for this project.

Broader market dynamics aside, the timing makes sense as we begin releasing a product designed for digital asset collectors… namely NFTs.

To kick off this process, we are announcing additional utility for the Probably Nothing Genesis NFT gifted to all long-term holders back in June 2022 as a token of our appreciation for supporting the project. At the time, we introduced a multitude of benefits and are now excited to share the pro-rata distribution of 25,000,000 $PRBLY tokens to Genesis NFT holders who stake their NFTs. These rewards will be available for up to 12 months or until our product goes live on the App Stores (whichever comes first).

Shortly thereafter, we will be releasing subscription passes to access Product Ø.

Product Access

Our current product launch strategy includes two tiers of service: free and premium (aka paid). We are exploring different options for how to offer the free tier of service; it may be time-limited, feature reduced, or employ some other mechanism that allows people to try out the app before making a purchase.

Access to the premium version of the product will come in a number of different ways and through various avenues that may evolve over time. As of this writing, here is our plan (subject to change as the product evolves and the community comes closer to the work):

Beta testing will be available to:

• All members of any $PRBLY holder tier, starting at 10k Bronze
• Holders of a Probably Nothing Genesis NFT (gNFT)
• Holders of a forthcoming product Genesis NFT

Once the app officially launches in both the Apple App and Google Play Stores, we will sell subscription access through a combination of in-app purchases and NFTs. Both $PRBLY and gNFT holders will be granted varying levels of access. Here is an example of the model we have in mind (subject to change):

• Silver Tier PRBLY Holders (50k+): 2 months of free access
• Gold Tier PRBLY Holders (100k+): 3 months of free access
• Platinum Tier PRBLY Holders (500k+): 4 months of free access
• Diamond Tier PRBLY Holders (1M+): 5 months of free access
• Genesis NFT Holders: 6 months of free access

Note: gNFT holders can combine their holder tier benefits with their gNFT to receive additional free access. For example, a Diamond Tier PRBLY holder with over 1M PRBLY tokens and a gNFT would receive a total of 11 months of free product access in this model.

Access to the product via holder tiers is a limited-time benefit. We will be taking a snapshot of wallets and holder tiers at some point prior to launch of the app, and closing the opportunity for access via holder tiers at that time. You must maintain at least your current holder tier at time of the snapshot to continue to receive access.

What’s next?

We are mere days away from taking the next major step in this experiment we call Web3 and have something truly meaningful to offer this space. Thank you to the community for your support thus far and welcome to those who are learning about us now. We are excited to have you here and build with you.

If you are ready to build together, become part of the IP by joining the Probably Nothing community on Discord. You can also sign up for product updates and ensure you never miss the next drop.

Dose of Nothing Primer

The “Dose of Nothing” exists to provide frequent updates to the PN community regarding the team’s work building out the vision and future of Probably Nothing. The goal is to bring you information in real-time and be as transparent as possible throughout this process.

Thank you for being part of the community and trusting in the process!

Product Ø Update

We have taken some major steps forward with the back-end of Product Ø and focus will now shift to more front-end work. Our goal is still to have something to show you ahead of the reveal party at Metaverse Miami 👀

Countdown to Metaverse Miami: 20 Days

Planning has been underway for some time now on what Metaverse Miami will look like and how it will play out. We have had multiple calls with the Metaverse Miami team already to nail down some of the specifics, and with each interaction we are more impressed by that team and what they are building. The calendar of events for the conference was recently published, and we are getting more excited by the day: https://www.metaverse.miami/.

Such an amazing collection of artists, builders, thought leaders, and contributors. The entire Probably Nothing team will be in attendance, networking and building relationships at every opportunity. We have some fun ideas for how we can engage event attendees and spread the word about Probably Nothing.

Product Ø Reveal Party

In case you missed it… Probably Nothing is the title sponsor of the Metaverse Miami VIP party.

This event is exclusive to Metaverse Miami VIP Genesis Pass holders, sponsors, and speakers as well as our recently announced co-sponsor RENGA and their community. We have some invites to share with the Probably Nothing community, with top priority going to Probably Nothing Genesis NFT holders. If you are planning to attend the conference or will be in the area, please fill out this form to let us know as we work on building our guest list: https://forms.gle/LxjDxrE5Czwj8aFi6

Watch us reveal Product Ø to some of the biggest names in the space!

Coming soon… 💧 💧💧

Advisor Token Vesting Update

Token vesting for our Board of Advisors is now underway. We have a badass group of advisors who are very active in their work to support us building Probably Nothing, and we look forward to continuing to build with them long into the future.

Infinity Keys Partnership and Treasure Hunt

A couple of weeks ago we announced our partnership with Infinity Keys and kicked off our first community-focused treasure hunt.

Infinity Keys gamifies community engagement, awarding NFTs for solving puzzles that serve as a proof of completion in each phase of a treasure hunt. Once you complete the challenges in the hunt, you can claim a “Pack NFT” signifying your successful completion of the entire treasure hunt. We think this concept has a great deal of potential as this space grows. Attention and engagement are so valuable in Web3, and any tool that increases and incentivizes both while providing a fun experience for the user is something we support.

We have some creative ideas for how to use the Infinity Keys platform in our future releases; step one is to test this first puzzle pack, get some feedback, and see how you think we can create mini-games for engagement with NFT projects in the future.

Complete all 3 of the challenges and claim your Probably Nothing Pack NFT with a wallet on Ethereum, Polygon, Optimism, or Avalanche. Wallets holding the Pack NFT will be eligible to win an unnamed prize at an undetermined point in time. We know, you love the mystery here.

The only cost associated with the treasure hunt is the gas required to claim the NFTs. Note that if you choose the “email” option for receiving your NFTs, you will not be eligible to claim the Pack NFT which enters you into the drawing.

The art for the NFTs came from our Community AI Art Contest; thank you to all who participated and submitted their art!

We had an initial window to complete the treasure hunt and be eligible for the first set of prizes that closed last week and 58 total wallets claimed the final trophy in this first round. We will be raffling off some PRBLY tokens this week to those who completed the hunt. If you have not completed it yet, there may be some other opportunities to enter the raffle in the near future so you might want to check it out…

Please give the treasure hunt a go and share your feedback: https://www.infinitykeys.io/pack/probably-nothing-pack

From Fungibles:

Between staying up-to-date and relevant on spaces, I’m busy on our strategy for funding and our product release party. I will have more updates as the week progresses.

Calling on the Community

New Years Eve will mark the one year anniversary of Fungibles officially taking over the project. Remember this gem? A Token About Probably Nothing — Thesis by fungibles

This community has stuck with us throughout the ups and downs of the market, the growth of the team, the evolution of the project. We are on the precipice of the most important step in the project’s history, and we need the community now more than ever. Our go-to-market strategy is being rolled out in 3 phases. Phase 1 centers around awareness. We need to remind people that we are still here building as we prepare to show them the fruits of that labor. We simply cannot do it without the support of each and every one of you. The time has come to hop off the sidelines and get into the game. How can you as community members help?

• Engage in Discord and Telegram: This community was founded on a group of people purely vibing. Yes we have a token. Yes we have an NFT. Yes we are building a killer mobile application. So much that has been unclear in the past will be clear in a very short time. We started with an ERC-20 with wonky tokenomics and a funny logo yet we still found a way to build a strong community based on vibes and people genuinely connecting with one another. Let’s get back to our roots. Bear market be damned, it is time to come out of hibernation and show people what the Probably Nothing community is all about.
• Get loud on Twitter: We are ramping up our Twitter presence significantly. Turn those notifications back on. Sign up to receive Discord alerts when we Tweet. Like, retweet, and comment on anything that strikes a chord. We will be hosting more Twitter spaces in the coming weeks as well, join us and get in on the conversations. Let’s break out of our echo chamber and start making some real noise on Crypto Twitter. twitter.com/probably0
• Sign up to receive Product Ø Updates: probably0.com/product0
• Remember, the community is the IP

Let’s Go!

Learn More About Probably Nothing:

📄 Read the Token about Probably Nothing Thesis by fungibles

🤝 Join the Probably Nothing Community on Discord

🌐 Check out the Probably Nothing Website

🕊️ Follow Probably Nothing on Twitter

📁 Read the Probably Nothing Whitepaper

🔥 Buy $PRBLY on Uniswap

🔗 All Links

/probably

Dose of Nothing Primer

The “Dose of Nothing” exists to provide frequent updates to the PN community regarding the PN Team’s work building out the vision and future of Probably Nothing. The goal is to bring you information in real-time and be as transparent as possible throughout this process.

Thank you for being part of the community and trusting in the process!

From Fungibles:

Just want to say thanks. Thanks for sticking with us through a 90% downturn in the market. Everyone having a good summer? I hope it was relaxing, because its time to get to work. It’s time we show Web3 just how powerful Open Source Business can be.

Granted it’s hard to run OSB alongside the community when the product is in stealth, but that’s changing fast.

As we get closer to our product reveal and launch, it’s imperative that we get your attention when we need it. We will be building up our email and SMS list and ask everyone to subscribe so we get the most amount of people helping with our go-to-market strategy. We will all be on the same page soon. Please reach out to me directly if there are any questions you have, or you want to get involved in a bigger way.

New Team Member:

We have officially hired a new software engineer!

“The Dude” is a FAANG (Facebook/Meta, Apple, Amazon, Netflix, and Alphabet/Google) principal software engineer with a varied full-stack, native, and web3 background and over 8 years of experience. He has helped more than a dozen companies build up from concepts to self-sustaining platforms.

The Dude has worked closely with Fungibles on previous projects and Fungibles speaks very highly of The Dude’s past work. One of The Dude’s primary objectives will be to work with Audie to take Product Ø to the next level and help us iterate into the future.

Welcome The Dude to the Probably Nothing Team!

Partnerships:

We wrapped our AI-generated art contest on Friday, and will be announcing the winners soon, along with revealing the partnership that will feature the art. More to come!

Open Source Alpha (ØSA):

We have an ongoing giveaway for $PRBLY holders to win allowlist spots for the upcoming Rumblerz project. Check out our Discord for more details.

We are going to be moving our OSA community calls to Mondays at 1:30pm Pacific starting next week, Monday 10/10. Please join us to talk Open Source Alpha.

Go-To-Market Campaign:

Last Friday we met with our Board of Advisors to present our Product Ø Go-to-Market campaign and strategy. It was an extremely productive meeting; our advisors shared some great thoughts, feedback, and ideas on how we could really elevate the campaign to the next level and bring Product Ø to the world.

Speaking of…

Wen Product Ø Reveal?

Probably Nothing has signed on to be the title sponsor of the VIP party during Metaverse Miami! Join us on November 29th at 7pm at Eden Roc Miami Beach where we will be celebrating the reveal of Product Ø.

Metaverse Miami is working to build the biggest annual Web3 conference in the country, and this is the first year of the event. The conference takes place in the days leading up to Art Basel Miami Beach, one of the heaviest-hitting events in our space that attracts all the top talent, big names, and avid collectors.

The entire Probably Nothing team will be in attendance at Metaverse Miami to show the world what we are building. Just take a look at that list of speakers.

The goal we are working towards is to be able to share some details about Product Ø with our community prior to the event, with the big public reveal happening at the event itself.

The time of building in stealth will be ending very soon.

Interested in attending the event? Share your information here so we can get a headcount and see how many spots we are able to offer to community members: https://forms.gle/89pWuedAVfikwN3V8

Learn More About Probably Nothing:

📄 Read the Token about Probably Nothing Thesis by fungibles

🤝 Join the Probably Nothing Community on Discord

🌐 Check out the Probably Nothing Website

🕊️ Follow Probably Nothing on Twitter

📁 Read the Probably Nothing Whitepaper

🔥 Buy $PRBLY on Uniswap

🔗 All Links

/probably

Dose of Nothing Primer

The “Dose of Nothing” exists to provide frequent updates to the PN community regarding the PN Team’s work building out the vision and future of Probably Nothing. The goal is to bring you information in real-time and be as transparent as possible throughout this process.

Thank you for being part of the community and trusting in the process!

Product Ø

Work continues on building out the top-secret Product Ø, a resource for NFT collectors that you know very little about. We have settled on an MVP launch date and are preparing our go-to-market (GTM) strategy.

Product Ø GTM Campaign

We have spent a great deal of time in the last two weeks brainstorming campaign ideas for Product Ø and had one of our Advisors, TheSmarmyBum (aka Justin) join us for one of these key sessions. Justin shared some fantastic ideas and insights on how to best show our product to the world, helping us lay the groundwork for what this marketing campaign will look like.

We have also been discussing how and when we can bring the community closer to the process and start to show people what it is we are building. We want to reward the community members who have stayed active, supportive, and engaged through this build market period, and we have been exploring different ways of doing that. We will look for those opportunities as our launch date approaches.

Partnerships

We met with the A0k1verse team last week to continue exploring ways the two communities can partner and pitched them on a few opportunities. We look forward to their feedback and closing this partnership deal soon.

We have also been working with a new partner over the last few weeks, someone who is building out a very unique and exciting Web3 solution. We will be sharing more about what this partnership looks like and how our community can engage soon.

Open Source Alpha (ØSA)

We have had a very active week for our Open Source Alpha initiative. We secured 20 spots for The Rabbles NFT, a free upcoming mint introduced to us by community member Williaʍ#1570. We raffled off the spots to $PRBLY holders.

Yesterday, we hosted a call with Pacman, the founder of the Blur NFT trading platform. Pacman did a live walkthrough of the platform, answered questions, and provided whitelist access to all $PRBLY holders that were in attendance. It was a very eye-opening session, and we are looking forward to test driving Blur and supporting another project that is building something with real utility for the space. We have created a specific Discord channel where $PRBLY holders can request access to Blur and ask questions about the platform.

Process Stuff

We have made the decision as a team to shift to 1 week sprints, tightening our sprint cycles and feedback loops to really hone in on Product Ø development as well as the rest of our Probably Nothing work. We have shortened the length of our sprint planning and sprint review/retro sessions to accommodate more frequent meetings. Excited to see the impact this has on our workflow and output.

Since it has been some time since our last Dose, below is a sample of a typical week of meetings for the team:

Mondays:

• Marketing Meeting
• Team Sync
• Community Spaces

Tuesdays:

• Community Meeting
• Open Source Alpha Meeting

Wednesdays

• Product Meeting
• Community Open Source Alpha Discord Call
• Sprint Review (from previous sprint)
• Sprint Planning

We also hold standup meetings throughout the week, 15 minute meetings where we get together to discuss what we have been working on, what we will be working on, and where we are blocked from progressing in our work. Thursdays and Fridays are typically the days we schedule breakout meetings for any new initiatives, team decision making, brainstorming sessions, and meetings with potential partners.

Community Giveaways

We used to feature a section in every Dose of Nothing where we would share about the different community-hosted giveaways happening in the Probably Nothing community. As a team we have continued to host giveaways and share OSB opportunities for people to win prizes, but the community side has fallen off a bit in the current market conditions.

In other words: we are here to ask if that spirit of generosity still lives in our community. So, if you are feeling the vibes and want to give back to the best community in Web3 fire up a giveaway and we will feature you here next time we do a Dose of Nothing!

New Dev, Who Dis?

We have hinted at this before, but we have hired a new engineer to the team. He has already been working with us for some time now, but look for the official announcement to come in the next couple weeks. He is one badass engineer though and he has been a great addition to the team.

From Fungibles:

We need your help. We’re lining everything up from the right people in the project, a go-to-market strategy, and a product launch end of year. We cannot do this without the support of the community. The farther along we go the more we will start to open up and allow the community to participate in the direction of the project as well as the features that are built.

We’ve had to remain somewhat secretive to protect ourselves from a competitive positioning at least until we’re able to go public but all that is starting to change in the next few months and we’re really going to ramp up open-source business.

We appreciate everybody’s patience, and loyalty through this bear market as we build. We aren’t a project with millions to burn. We need to be careful how we spend, and we also need to get everyone who wants to be as involved as possible. We need to be consistent in our communication and marketing. This is going to take a movement of people, not a few top influencers sending a tweet out occasionally.

As promised, we will do everything we can to make this project successful.

Thank you for being apart of this experiment with us. — fungie

Learn More About Probably Nothing:

📄 Read the Token about Probably Nothing Thesis by fungibles

🤝 Join the Probably Nothing Community on Discord

🌐 Check out the Probably Nothing Website

🕊️ Follow Probably Nothing on Twitter

📁 Read the Probably Nothing Whitepaper

🔥 Buy $PRBLY on Uniswap

🔗 All Links

Like a Dyson vacuum.. But it had its perks.

The good always comes with the bad, it has to. It’s a universal truth.

COVID freed employees from the confines of a cubicle, while giving employers no choice but to hire the best of the best from anywhere in the world.

It forced us to slow down, and with all that time we got back from long commutes, it gave us more quality time with the people we love.

But like any good economist will tell you, there is always an effect with cause.

COVID, the effect, caused companies to have to figure out a way to streamline decision making, and the meetings that take place where decisions are made.

This became especially difficult for Web3 startups where decision making not only needs to happen quickly, but it’s usually made more democratically than in any other sector. Additionally, teams are distributed across the world and speak in many languages.

I’ve personally worked with entrepreneurs from India, Brazil, China, Mexico, Australia, Africa, Canada, the UK, and 90% of Europe.

I love Web3; It’s a total melting pot of the world’s brightest minds.

It’s a black hole; not letting the brightest talent from the biggest Web2 giants escape its gravity.

Don’t agree? Well 6% of Americans quitting their jobs to work in crypto full time in 2021 doesn’t care with what we think.

Democratizing Decision Making

I love Web3, because nothing is more democratic than a technology you don’t even have to trust because it’s open, transparent, and immutable for everyone to see.

Elections of the future will be done on-chain, and everyone who participates within an ecosystem will be able to have a say; they can vote with their wallets.

Right now we see this playing out with DAOs, or Decentralized Autonomous Organizations.

Sure the larger decisions can be put to a vote where everyone can participate, however there are hundreds of decisions that need to be made on a monthly basis and have to be made quickly to keep the ship moving, Entrepreneurs who fail to make decisions quickly fail.

But how do you make decisions in an industry where democracy is vital to uphold?

Who is responsible within a given organization to make a decision and when is that decision so impactful that it should not be made by the founding teams but rather put to a vote within the wider community?

At Probably Nothing we found ourselves running into situations where we struggled to make the bigger decisions. Either because we wanted to be respectful to have everyone’s voice heard, or we just didn’t have a process for which the person accountable should make the decision.

Sure our creative director was responsible to get the website done, and or our head of marketing was responsible to get a survey complete, but within those projects there are hundreds of smaller tasks that need to get done and if any of those tasks fail the larger project is at risk.

Responsibility Versus Accountability

There is a difference between responsibility and accountability. I might be responsible to get a task done, but somebody else might be accountable for the success of the whole project.

You have to have the buck stopping with one person when it comes to a project. If you don’t things fall apart.

I’ve always built companies with a culture that celebrates decision making and I strongly believe the person closest to the decision, or the one who will be the most affected by it should make the decision.

Let’s use this in a story example. Let’s say we want to create a logo for our upcoming Product Ø, and to accomplish our goal of a logo we all like, a brainstorm session is needed.

At that brainstorm session we come to an agreement that I’m going to introduce our head of marketing (Kid Lash) to two different agencies to get quotes from them to design our logo and he will go ahead and manage the process for us. When it’s all said and done, however, design falls underneath our creative director.

So if I fail to make those introductions and therefore Kid Lash has nobody to manage and we miss our deadline of getting the logos done, who’s ultimately accountable for the project missing its deadline?

Was it me for not making the introductions? Was it Kid Lash for not bugging me enough? Or was it PD our Creative Director because he’s ultimately responsible for design?

There are many different ways you can set up accountability, but accountability means that a domain falls under one person and if anything within that domain fails then they fail. And if they fail enough times then they no longer get a chance to continue to work on the project.

Sure I had a responsibility to make an introduction and I failed to do it, but I’m not accountable for design, PD is.

So where does this leave us?

Areas of Accountability

Well when you have one person accountable for a domain then you better believe they’re going to follow up with the people who have responsibilities to tasks within a project because it’s their ass on the line.

Having one person accountable will ensure your project gets things done, and more importantly, that people know who they should go to speak with anytime something arises and they need to get something done or ask a question. If you don’t have accountability things break down.

We saw this as an issue at Probably Nothing so the first thing we decided to do was create a list of areas of accountability within the organization that ultimately someone is accountable for, by department and owner.

By having areas of accountability we are saving a tremendous amount of time when it comes to knowing where to go for information, and it takes the burden off of any one person from having to create and hold a meeting.

Meetings Reimagined

For almost any major decision any successful entrepreneur will tell you that they rely heavily on their advisers and mentors. A founding team is no different, they are your support in thinking through critical decisions that have to be made and then helping to execute those ideas.

Oftentimes when teams come together to meet and brainstorm or make a decision, they find themselves not being able to make a decision fast enough if someone is not ultimately accountable for that meeting and the success thereof. Also, with distributed teams globally around the world, meetings need to be efficient.

If you have a meeting that runs for one hour and you have six people there, you’ve now just burned six hours of team time. It quickly adds up. I can assure you that everyone who attended the meeting was probably not critical to that meeting and now you’ve just wasted an hour of their time when they could’ve been doing something else.

Meetings fail in a distributed world sometimes because of the simple and avoidable nature of tech. Everyone is using VoIP, and if they have a bad headset or a slow internet connection, and they’re asking somebody to repeat everything they say, the rest of the attendees too quickly check out.

Likewise, if there is no agenda upfront for a meeting and people don’t know what the desired outcome of the meeting is, it just becomes a meeting for meeting sake. If we aren’t making progress at these meetings we can quickly check out and people start to lose faith that anything will be accomplished.

Last but not least, if people are just showing up to meetings without preparing, then meetings can go a lot longer. Not only is preparation ahead of time important for everybody attending the meeting, but it is also important that meetings are time-boxed and end exactly when they say they’re scheduled to end.

Meetings that continuously run over are taxing on a team and it’s another thing that causes them to lose faith in the process.

So now with our areas of accountability in hand, we decided to tackle our meeting process. It only makes sense that the person accountable for their specific area would create the meeting that they want to have, and invite the people that they needed at that meeting. It’s better to keep meetings smaller and only with the people that can provide input so the meeting can end on time.

With all of these things in mind we created a form that every team member who is responsible to host a meeting fills out ahead of time and circulates to ensure that…

• Everyone who needs to be there is there, and that they receive a calendar invite to ensure that they do not miss their meeting and understand how much time of theirs that the facilitator needs from them.
• The meeting ends on time
• Attendees are prepared to meet, as they understand the purpose of them meeting and the desired outcomes.
• The list of action items are captured and tasks are created to keep everyone responsible and accountable.

Below is a sample of this form already filled out based upon the story example I gave above around creating a new logo.

Meet Sheet:

Subject / Topic: Logo Design

Area of responsibility: PD

Required Participants: PD, Fungibles, Lash

Optional Participants: BCP

Purpose: Come up with new logo design for ProductØ

Desired Outcome: The marketing team is in agreement with the general direction of what the new logo design should accomplish, taking our sage brand archetype into account. After we have agreed upon the direction, we will reach out to two different agencies to have them work on two different versions and we will select the best one.

Structure (select one): brainstorm session, problem solving/decision making

Time: 30 minutes

Background info/ Pre-work:

Please read ahead of meeting https://astute.co/sage-archetype-brand/

We need to come up with an icon for the logo that signifies collecting NFTs that people can get as soon as they see it.

I want to brainstorm and capture all of the things that come to mind when someone thinks of collecting NFTs.

Attendees:

Lash, BCP, Audie, Fungibles, PD

To learn a more philosophical approach to web3, Join the Probably Nothing discord community.

Thesis by fungibles

I’m tired of projects with the same repetitive roadmaps.

All of them with promises of Coin Gecko, influencers, & NFT marketplaces…all within Q1.

Then a similar set of unlofty goals for another round of bullshit in Q2 and Q3 with nothing of substance being promised until Q4

But what happens when a market moves so quickly that the initial vision has to change three times in Q1 to just stay relevant?

There is nothing wrong with having a roadmap and delivering on some basic goals; at some point you have to.

But these are just table-stakes.

It’s the repetitiveness of mediocrity that I can’t stand.

This space moves at such lightning speed, even if you have a vision for the future you may end up in a completely different place in a very short period of time.

In web2 you could set a vision for your goals, and then create the strategies and tactics to achieve them.

Long periods of time would go by before you had to change up your strategy if something was not working

A year as a tech start up in web2, was like 30 years in a steel mill factory in terms of innovation.

As an entrepreneur who has built many tech companies in web2, I am constantly blown away by the speed at which web3 moves.

When everything is one giant experiment, it’s hard to have a vision you can execute towards.

I have invested in a number of web3 companies, and have worked with many entrepreneurs. What I’ve noticed is this: when your time output is directly tied to a financial gain, people are easily distracted. There are pros & cons to this of course.

Also in a world of decentralization, it’s very easy to fall into the “ somebody else will do it” mode.

So instead of trying to fit a web2 square peg approach into this fast moving web3 round hole, why not go with the flow?

Why not be really good at managing the systems in which people need to operate in, while at the same time incentivizing people for their contributions without having to worry about the overhead of a full time staff?

When you have a group of talented people working on a cause, even part time, you just need to organize them in the right way and you can get as much, if not more out of them, than any full-time team.

My favorite television sitcom of all time is Seinfeld.

It started as a show about nothing, but became a show about everything.

It pointed out the absurdities of human nature, the insecurities that we have, and the friends that we make along the way.

It taught us to laugh at ourselves, and not take life too seriously.

Sometimes the more you try and push for something to become, the harder that something doesn’t become.

As an entrepreneur I’ve always wanted to have everything figured out ahead of time.

But it’s almost impossible to do that in a space like web3 that can produce a new technology that changes the game overnight

Like Seinfeld, when you have a show about nothing, you can make it up as you go along.

But what made Seinfeld work was the cast and the writers.

They were brilliant.

You still need incredibly bright people all working towards a cause even if it is about nothing.

I’ve had to get really good at building technology companies that were agile. One of the core values is working on something at the last responsible moment.

I’ve always taken the Steve Jobs approach which was the concept that somebody doesn’t know what they want until you show it to them.

I think focus groups are bullshit.

I think you need to build the product, get it in front of somebody and then obtain a continuous feedback loop.

Probably Nothing is an experiment in working on something at the last responsible moment, with an all-star cast of actors & writers.

All pitching in to create a token that is probably nothing.

Until it isn’t.

We plan to wrestle the word “probably nothing” away from the lexicon so that when people say “probably nothing”, the first thing they think about is this token.

Major figures on a daily basis say the words “probably nothing.”

The phrase itself has a tremendous amount of free advertising on a daily basis

Background:

The name quickly lived up to its expectations.

The open trade function was called 51 days ago, on November 10th 2021 at. 07:49:51 PM +UTC by a team of six anonymous people, who did not expect the notoriety it quickly received.

After seeing the incredible meme potential I took a 43eth position, and reached out to the team. I gave them a strategy to become a meme currency, which they embraced immediately.

After a couple more calls with the team I moved to negotiate a partnership deal.

After realizing the team was in over their heads, and not able to support the project moving forward, I convinced them to let me take over, and worked out a deal for them to send me all of the credentials for Twitter, the website, telegram etc. as well as send me the 90eth in the marketing wallet.

Pretty sure this is the first time in crypto this has ever happened.

Think about it.

They were anonymous. They could have walked away with all that money, and not batted an eye.

They could’ve easily rugged. But they didn’t.

At the end of the day they’re good dudes who meant well and did the right thing.

So here we are.

Community:

Imagine you move into a neighborhood, only to find out the developer has built the entire neighborhood on a toxic dump.

People would be pissed; the vibes would be toxic.

One day you see a message that one of your neighbors found a new plot of land for everybody, convinced the developer to send over all of the deposit money, and he’s going to help move everybody over there and rebuild.

Just imagine how thrilled that community would be? How connected would they be?

Well those are exactly the Probably Nothing community vibes.

Rarely do you see a community who is so supportive, positive, kind, & happy as I have experienced with the Probably Nothing Discord community.

I believe the foundation for how this project came together will continue to support a strong community of like-minded and excited individuals.

If community is the IP, then we have a patent on positivity.

Our Immediate Plans:

Living up to our name and not planning too far ahead, there are definitely a number of things that we can finally reveal.

V1 Contract

There was always some concern about whether or not we would be able to trade on the existing contract.

Clearly we cannot run the current project on the existing contract in perpetuity, since this contract was developed by and can be accessed by the original team.

While we have a good relationship with them, and do not expect them to do anything malicious, we also want to be able to have our own contract, and create a new set of functions that give us maximum flexibility to be creative as we go.

To that end we will be launching v2, and we have already selected an incredible and well-known developer to work on it.

The big question leading up to the V2 launch has been whether or not we can continue to trade on the existing V1 token and contract.

The answer is yes.

Right before launching V2, everyone will be able to do a 1:1 swap with however much PN they are holding at the time.

You can trade on this contract and not worry about losing any tokens when the new contract is launched.

More on this strategy and some risks below.

Fundraising

To launch a v2 we are going to need enough liquidity, so people can trade without a large price impact.

We are also going to need start-up capital to pay engineers, designers, developers, social media geniuses, managers, & icons.

We have come up with a somewhat risky but sound strategy.

The current V1 contract has a 12% tax. Our biggest worry was that we did not have access to the tax wallet.

Even though the previous team has come through on everything that they said they were going to, we were not in touch with all of them, and there could still be risk around somebody just taking the taxes built up in the wallet.

We want to be clear that there is risk in this, but we think based upon the team’s actions the reward is greater at this point; but please manage accordingly.

The team came through and gave us the private key to this wallet. Taxes are sent on a daily basis to the new “probably nothing” wallet which we are in control of.

We have plans to create a Multi-sig wallet during this time with one of the community members that was nominated as a signee.

We plan to allow people to trade on V1, while we are working on and launching V2.

The taxes generated from these trades will be used as our starting capital and liquidity.

In other words we’re going to fund the project with these taxes.

We started out with around 90eth. We just crossed 145eth. Needless to say, our strategy is working.

Taxes will eventually be scaled back for V2, especially to allow trading on centralized exchanges.

Remember part of the taxes come back in the form of reflections.

Meaning just holding probably nothing gets you more probably nothing.

So we have that going for us, which is nice.

Snapshot

On December 9th at 11:24 PM CST, a snapshot was taken of anybody that held more than 100,000,000 tokens.

You can view the full list of people who qualified for the snapshot here: https://docs.google.com/spreadsheets/d/115MSx-zbLK82UTNbg1e9oRmIJghoQVxEK0qo_F-YMbc/edit

Each unique wallet within this snapshot will receive the first ever Fungibles Alpha NFT.

A sneak peek of the artwork can be seen here:

Holding this soon-to-be highly sought after NFT will grant you access to a Telegram announcements channel called “ultra alpha”.

I will share before anywhere else, all of my alpha and calls on tokens and NFTs alike in this channel, as well as thoughts, tips and tricks for how to become successful in crypto.

I have no doubt there will be a thriving secondary market for access to this channel.

If you missed the early snapshot, don’t fret. Just remember to always keep at least half a bil (or 500m) PN tokens at any given time.

You never know when the next airdrop will happen; loyalty will be rewarded within the “probably nothing” ecosystem.

Branding

Working with one of the top designers in crypto we have come up with an incredible new design, as well as a new website we are working on. Please note this is a layout only.

We have plans for dope ass drip. A store will be launching soon. This won’t be your typical merch.

We’re taking high-quality, designer only, swag as fuck.

Our logo is a nothing symbol that most people recognize, but redone in such a brilliantly bold and exciting way.

We fully believe that people will want to incorporate this into their designs, putting a sweater on a bored ape for instance, and using the PN logo as a flex for well… nothing really.

I mean let’s all face it, the less you act like you care the more it becomes something.

It’s very probably nothing.

Team:

The Probably Nothing team has plans to be as decentralized as humanly possible; distributed teams from around the world working towards a greater goal.

Again, this is an experiment.

We know at the beginning it’s impossible to have a successful, high quality project without being centralized around decision making.

Over time more and more of the major decisions will become community driven.

The decentralization process will take time.

For now there are a few people who are pushing the project forward, myself included. Many who are very talented in many aspects of business & technology.

The current team skill sets include design, development, social media, token economics, and leadership.

We also have an incredible amount of industry thought leaders already invested or planning to come in.

I have developed a deep network of some of the most visible people in crypto and many of them believe in my capabilities to get this project off the ground, and get us to a community driven consensus.

You will start to see exactly who these people are in the days to come.

We believe strongly in Balaji’s pseudonymous economy theory and have no plans to dox at the moment, if ever.

Whether the picture is of the actual person or a cat is of no consequence; we believe trust is built through action.

We also believe in the trustless environment that blockchain affords. For instance, multisig on a wallet so there’s no one point of failure when moving around project funds.

Enough actions overtime, along with the right systems in place, and community governance, will allow us to achieve true decentralization.

For now we’re constantly on the lookout for talented individuals.

We have created an interview channel and are currently looking for a number of people who want to contribute to the project moving forward.

You can fill out a simple application by joining the interview channel here: https://t.me/+tF10VmQSVpJmYmMx

Vision:

Where do we go from here baby?— Jamiroquai

I mean, it would be foolish to think there is zero intuition on what this can become, even if it is a token about probably nothing.

Without providing too much detail because we are really trying to live up to our core value of working on something at the last responsible moment; I’ll leave you with this.

I believe probably nothing can become a powerful meme currency.

Like Seinfeld, we will write as we go. By not promising too much, we cannot disappoint.

What we can promise is…

• Consistent communication often
• High integrity
• Innovation that can quickly adjust with market conditions
• Creativity thru good design
• Gamification as an antithesis to boredom

And all of this while choosing the right people to help get us there while we head toward becoming as decentralized as possible.

After all this really is probably nothing…

To stay in the know, please follow the official Probably Nothing Twitter account.