SHILL Issue 5

SHILL
SOLANA NFT/DEFI/TWITTER COMMUITY
BELUGIES SELL OUT
Abigail (14) launched her Beluga Whale
NFT on the Solana space with roaring
success!
ROYALTIES OR BUST
Recent decisions spurred by wanting
to be listed on FTX and Coinbase have
caused community angst.
CAN DEFI BE EASY?
ISSUE #5
0.025 ◎
One project believes it can and their
efforts to launch a gamified version may
just be what the space needs.

THIS
In
ISSUE
PIXELTOY Magz
2
SHILL Issue #5

12
Around Twitter
Weekly recap and coming
soon.
4
When
8
Royalties are
not Enough
Recent progress across
the Solana NFT space
have opened up a lively
conversation.
Ethereum or Solana
What to consider.
14
Top Gainers
Top gainers of the last 7 days
16 Holaplex
Brief look at Holaplex for the
week.
10 Belugies
A feel-good story of 14 yr old
Abigail
SHILL Issue #5 3

When
Royalties
are
Enough
not
Opinion wrap up of Twitter feeds
Recently, The Saint Eclectic published
a Twitter thread about NFT’s and
revenue sharing. Many projects are
offering a dispersion of fees received
through marketplace sales to
wallets that hold ‘x’ amount of
their NFT.
The Saint Eclectic goes own to
show how current projects have
been attracting collectors and
encouraging a HODL mentality
through fee incentives.
On the Solana blockchain,
holding a set of four Gen 1 @
SolanaMBS monkeys entitles
you to marketplace revenue.
Given the MBS boom, I’ve heard
anecdotally of weekly royalties
being between 40-100◎ (~$914
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SHILL Issue #5

t$2,286/day). The Gen
1 set now sells for
~4,000◎, ~US$640k+!
New Solana NFTs
have adopted revenue
models to attract
members:
@mmccsolana
Meerkat Millionaires,
100% of secondary
sales
@danuki_dojo 100% -
@TurtlesNFT 70% -
@SolSnatchersNFT
50% -
@fancyfrenchnft
50% -
@PiggySolGang 30%
Credit: @meerkatintern
Saint Eclectic
explains, and rightly
so for USA citizens,
that: Under the Howey
test if something
looks, smells or
sounds like a security
then it is a security.
Despite this, some
view SEC intervention
as so far out that it’s
worth taking the risk.
At around this time,
Oct 11 2021, FTX was
opening its doors to
the NFT space. To list
an NFT project a team
had to adhere to a set
of guidelines. One rule
is as follows-
SHILL Issue #5 5

With this statement came a flurry of NFT projects who tried to pivot
to gain access to the FTX platform and possibly the upcoming
Coinbase platform. Some projects acted so quickly that their
‘community’ were blindsided. This opened a whole new discussion.
Magellan opens the floor with his/her take on the current Solarians
project and the unrealised promises it has made to its community.
Magellan◎//
@CryptoMagellan
@SolariansNFT
has done similar
where their devs
continually launch
other projects and
don’t deliver on
initial promises from
their initial multi
multi million dollar
raise. That’s not
FUD, that’s facts.
What is Magellan
referring to?
Let’s look at what
Solarians posted on
Twitter and Discord.
Solarians @SolariansNFT
(1/10) Important Announcement After
extensive internals discussions and
with FTX , we do not see a feasible
way to proceed with fee-sharing for
Solarians while remaining compliant to all
regulations.
(2/10) Even if we choose not to list with
FTX, proceeding with fee-sharing will
expose the project to compliance issues in
the future which is not beneficial to for the
holders in the long-term.
(3/10) We understand that this will upset
the community and we get it - we’re with
you. We’ve put tremendous time and
resources into developing the rewards
structure, and really looked forward to
launching it.
(4/10) However, we can choose to focus
on the few positives: (1) We are listed on
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SHILL Issue #5

FTX and potentially other upcoming marketplaces (e.g. CoinBase)
which exposes us to a whole new world of potential buyers.
(5/10) (2) As a community we can decide how we can put the
current pool of fees, which will continue to receive royalties and DE
service fees, to good use to further deliver more value to holders
than direct fee rewards could.
(6/10) (3) there will no longer be the constant worry of whether the
project is fully compliant with all regulations
(7/10) We know that this is not what many have signed up for,
but we are very confident that with the
community’s continued support, we have a
opportunity to re-write the script for the
future of Solarians.
(8/10) We take pride that Solarians
have many other major value
propositions, such as being the OG
Robots on Solana, upcoming launch
of Rumble Worlds & Changing Room,
airdrops, presales, and other huge
initiatives we have been working on.
(9/10) Thank you all for being on this
journey with us and we promise to keep
working our hardest to keep developing and delivering value to our
community.
(10/10) You may read the full announcement in our Discord.
In essence, when you joined Solarians we promised royalty
distribution. We never got around to it and now, with the rules put
forward by FTX and Coinbase we are no longer able to honour our
initial promise.
SHILL Issue #5 7

Ethereum
or
Solana
What the Experts Say
The Solana NFT
community has been
calling upon their friends
on the Ethereuem
platform to come across
to Solana with promises
of greener pastures and
greater opportunities.
But is now truly the right
time?
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SHILL Issue #5

What to Consider
The cryptocurrency market changes quickly and
there are always new projects emerging that make
claims to having revolutionised some aspect of
the industry. Often, developers make bold claims
about their own projects, so it’s important to take
note of what other industry experts have to say to
get a more objective opinion.
Inevitably, following Solana’s impressive gains in
2021, many experts have looked to have their say.
Founder of Synthetix, Kain Warwick and managing
partner at Multicoin Capital, Kyle Samani have both
expressed support for Solana, emphasising that
Ethereum competitors have serious potential. “I
think that ETH-community can’t just be oblivious to
this,” commented Warwick.
He added that Solana could be a bigger threat to Ethereum over the long term.
“You can lose market share. Leaders fall behind all the time, especially in nascent
phases of tech revolutions” he stated.
Of course, Ethereum has plenty of supporters. Recently,
Galaxy Digital’s Mike Novogratz described Ether
as the “currency of culture” and predicted that
NFTs are likely to continue to boost Ethereum’s
appeal amongst developers.
Meanwhile, Ryan Selkis of Messari is a
long-term Ethereum supporter, describing
it as “crypto’s most important platform”
and “one that could power an entirely
new financial system, and a more
open, resilient internet.”
Does Solana Really Address Ethereum’s
Weaknesses?
Ultimately, whether Solana can really topple
Ethereum or not depends on whether
it really does have the ability to address the
shortcomings of Buterin’s smart chain - the
shortcomings being scalability and transaction
costs.
One of the things holding many older smart chains back
is the way in which transactions are validated. Interactions between miners or
validators on chains like Ethereum can be cumbersome and prevent transactions
from going through in the high volumes required by most DeFi projects.
Solana advanced consensus mechanism, with its cryptographic time-stamping,
may well have solved this issue and, if it really can hit 65 000 transactions
a second, it would not only be faster than any other blockchain but also faster
than most traditional finance platforms - including VISA.
Many investors are clearly on board and Solana is certainly an advanced
blockchain. It seems that there is now increased pressure on Ethereum and
its ongoing upgrades, as the reality is that the platform could simply become
unfit for purpose if it is unable to keep up with the faster networks to meet the
ever-growing demands of the latest DeFi projects.
SHILL Issue #5 9

ABIGAIL
Beluga Whale Inspiration
During the second week of October 2021 some 8000
randomly assembled, hand drawn whales were unleashed
onto the Solana NFT scene. Selling out in near
record time, young Abigail became the youngest Solana
platform NFT artist to sell out.
As Abigail explains “I
am the artist behind
these Belugies. I am
14 years old and I
am in my first year
of high school. I
spend my time doing
school work, drawing,
playing with my 8
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SHILL Issue #5

pets, and being an
awesome big sister
and role model to my
10 year old younger
brother. I really hope
you enjoy my NFTs
half as much as I
enjoyed creating
them :)”
The Solana
community could not
agree more. Belugies
were bought up by
willing NFT investors
knowing that at 0.8
sol your purchase
of a Belugies will be
contributing to a 14
year old’s creativity
AND engaging in
activism as we
will be donating a
significant portion
of the proceeds
from our primary
and even secondary sales to multiple beluga whale
organizations, a children’s hospital program AND will
be adopting beluga whale whose sponsorship will be
gifted to random Belugie owners.
Beluga whales & non-profits that clean up the oceans
(10%)
Sunshine Kids Foundation for Children with cancer
(10%)
The beauty of this project was that the roadmap
was clear from BEFORE the project went live. The
community were aware of what was happening and
how it was going to happen. A lesson to be learnt for
many projects out there in the space at the moment.
Disclaimer: I do not own a BelugiesNFT.
SHILL Issue #5 11

Around
Twitter
S◎LSCAN @solscanofficial
It is safe to say that the only way for Solana to go is UP. With
various updates, milestones and collaborations, the rooms for
improvements in the solana ecosystem are being filled. Here’s our
recap of several notable events within the solana ecosystem.
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SHILL Issue #5

DEFI Land
DeFi Land is a multi-chain agriculture-simulation web-game created
to gamify decentralized finance. The game will have all the
features that traditional platforms have, but it will be gathered all
in one place. DeFi Land gamifies decentralized finance by turning
investment activities into games.
Manage your defi assets in one place
A redesigned way of interacting with decentralied finance through
gamification
User owned in-game assets with special functionalities
Achievements, tasks, unions, battles, collections and many more
ways to play and earn income
Q3 2021 will see the devnet launch, NFT marketplace, public sale
and mainnet beta launch.
SHILL Issue #5 13

Top Gainers
The Astronaut @thexastronaut
TOP GAINERS OF @SOLANA ECOSYSTEM LAST 7 DAYS
@solanium_io @EcoSolana @SunnyAggregator @unlimitedcope
@orca_so @BitspawnGG @CropperFinance @TulipProtocol
@LiqProtocol @crownyio
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SHILL Issue #5 15

Holaplex
CARO
flor.holaplex.com
EVO-DAO
goldenframe.holaplex.com
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SHILL Issue #5

Solsocks
daniel.holaplex.com
_SOLmusic_
solmusic.
holaplex.com
SHILL Issue #5 17

SHILL magazine
@Pixeltoy