“No Room for Privilege: Least or No Multipliers for NFT Holders”
Rewarding NFT holders with high multipliers or allocations is not only unjustified but also harmful to the broader Linea community. Here’s why:
NFTs Reflect Speculation, Not Contribution
Projects like eFrogs, Efroglets, Toad the Great, BlitzBotz, Bunny Universe, and Beaver Builder are predominantly owned by influencers and insiders. These NFTs contribute nothing meaningful to advancing Linea’s ecosystem and are essentially speculative assets. Rewarding these holders prioritizes hype over real utility and contribution.
Undermining the Effort Behind LXP and LLXP Points
While countless community members have worked tirelessly to earn LXP and LLXP points through active engagement and contributions to the network, NFT holders are demanding high rewards for simply owning speculative digital assets. This imbalance undermines the real efforts of those who have consistently supported the ecosystem’s growth.
Rewarding NFTs Encourages Free-Riding Behavior
Allocating significant rewards to NFT holders incentivizes people to “buy in” for benefits rather than putting in real work. This approach disincentivizes meaningful participation and devalues the true contributions that have been made by the community to help grow the network.
NFTs Hold Minimal Ecosystem Value
Owning NFTs has no tangible impact on Linea’s growth, unlike liquidity provision, governance participation, or ecosystem-building efforts. Rewarding NFT holders diverts resources from contributors who are genuinely advancing the network and making a real difference.
NFT Multipliers Serve the Few, Not the Many
The majority of NFTs are concentrated in a few wallets, often owned by influencers and insiders. By rewarding NFT holders, Linea risks creating an elitist system where benefits are funneled to a small, privileged group, rather than fairly distributing rewards to the true contributors within the community.
The Verdict: Focus on Real Contributors, Not Speculators
NFT holders should receive no or the least multipliers, as they add no real value to the ecosystem. Rewards should prioritize actions and contributions that truly support Linea’s growth, ensuring that allocations are based on real effort and meaningful participation.
“Big chunks of rewards for NFT holders are an insult in the face to the entire Linea community, rewarding privileged insiders and speculators while completely undermining the dedication, hard work, and genuine contributions of those who have invested time and effort into advancing the network and earning their LXP and LLXP points.”