Replying to Avatar Mike Rama

I spent another 100,000 sats on a zap-vertising experiment…

And I think I proved that advertising on Nostr actually works…

Here’s:

1️⃣ What I did

2️⃣ The results

3️⃣ What I learned

1️⃣ What I did:

I sent 4105 zaps over the course of 3 days for a total of 112,000 sats.

Each zap contained a link for a blog post:

zapvertising-experiment.carrd.co

My goal was to see if I could get a reasonable cost per click (CPC)…

2️⃣ The results:

During the campaign I had a total of 71 unique visitors to the page.

CPC was 1578 sats or $1.50 usd.

I also gained 245 followers from that campaign.

These CPCs are in line with other ad platforms which validates the overall concept for me.

3️⃣ What I learned / brain dump:

- Results were better than expected.

- I thought there might have been a bit of negative push back (however none received).

- There is a chance I am significantly underreporting and google analytics isn't picking everything up (surprised to see 3-4x the number of new followers vs. clicks 🤔)

- THERE IS SOMETHING HERE. I still don’t know exactly what the model looks like, how it scales, but there is something to be uncovered.

- Right now, this can’t be done at scale… in the future it could. I spent ~$100 and it took me multiple days. In the future there will be ways to allocate +$10,000 per day here. For context of where we are at right now, Nostr daily zap totals are around 750,000 sats - about $675 - see stats.nostr.band/ for that data)

- Something feels off with the format… simply paying someone and sending them a link… The p2p model feels right, but the format feels off.

More to come 🫡

Let me know your thoughts 👇

Here’s an idea for an experiment: leave ecash (e.g. cashu) tips as comments instead of zaps. A user has to click the link to claim the sats (whatever website you’re trying to promote). This is nice because you have direct feedback on how much money it takes to generate a click. The user decides directly on whether the link appears worth a click. Ecash can be made redeemable only by the npub to whom it was sent. Based on my understanding of cashu, I believe this is technically feasible.

I received a couple of your zaps with the link but didn’t click. I didn’t know what it was and didn’t care to find out. Nothing was in it for me except simple curiosity. I’d already been paid.

Reply to this note

Please Login to reply.

Discussion

this.

I gotta dig into this more. Thanks for sharing this 🫡

As a non technical person, and idea where to start with this one? What tools could be used in making this happen

I’m not an expert on this either. I’d defer to nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg on whether this is currently feasible.

I know that I can send sats via lightning to you at [npub]@npub.cash. You do a nostr login and claim the sats (as ecash on the npub.cash mint). Only you can claim these sats. This is one example of pay-to-pub key (P2PK) ecash. In fact, there are 300 sats for you there now. Check it out.

Say you’re using a nostr client on the web. Here’s a possible flow (that would need some work to build):

- have a browser extension to log the npubs of the accounts you want to tip

- those npubs are saved in a database

- your website has a default landing page with info about the company/product

- there’s a button to claim ecash

- a user hits the button and inputs their npub

- if the npub was in your database, your wallet sends x number of sats P2PK

That’s awesome. Thanks for showing me this.

🤔🤔🤔💭💭💭

🥂

Imagine this onboarding flow. Zero wallet set up. Make an account, receive freedom money units.

If you tipped a Cashu token in a comment to someone, wouldn't that token be redeemable by anyone? In my experience with Cashu tokens being posted in notes and comments, the token can be claimed by anyone who gets to it first. Is there some way to tie a token to a specific recipient so that only the intended recipient can claim it?

Yes, you can pay-to-pub key (P2PK). Check out npub.cash for an example.

Yeah, I've got an @npub.cash address that sends received sats to my Cashu wallet. I'll have to play with it to see if I can figure out the P2PK option for sending tokens. 👍