SHILL Issue 17

SHILL 

SOLANA NFT/DEFI/TWITTER COMMUNITY 

CYBORG SOCIETY 

One on one interview 

with project artist 

Paleocrypto. 

The SOLANA PLUG 

Deep dive into Trippy 

Bunny stats. 

STONEDAPECREW 

Are you ready to ape in? 

ISSUE #17 

ISSUE #17 

0.025 ◎

flor 

In THIS 

ISSUE 

17 

2 

PIXELTOY Magz 

SHILL Issue #17

4 

From 

6 

12 

14 

the Editor 

Market lull- papier mache 

hands! 

Cyborg Society 

We catch up with newcomer 

Paleocrypto and talk about 

his new Holaplex project. 

The SOLANA PLUG 

@NotLinkkzyy takes a deep 

dive into Trippy Bunny stats 

STONEDAPECREW 

JoZark explains why he 

is bullish on the new NFT 

Stoned Ape Crew. 

16 

20 

21 

FLOOR PRICES 

@turkmmtz talks floor 

prices and how to analyse 

AUDIUS CHOICE 

What are we listening to? 

SHILL the Mint 

What’s been dropping? 

TOP STATS 

29 TheXAstronaut highlights 

SHILL Issue #17 3

the 

from 

EDITOR 

@Pixeltoy 

Here we are in December 2021. For our #frens in the northern 

hemisphere Winter is at your doorstep. For us antipodeans humid 

days after weeks of rain heralds Summer. The earth spins, day turns 

to night and the seasons roll on. Wherever you are, whatever your 

timezone, welcome to #Shill zine- glad to have you here. 

The lull across the market has seen some heavy hits to bluechip 

projects this last week. SMB floor at 140, Thugbirds floor at 40, 

DegenApes at 30. Paperhands turn to papie mache as they sweat it 

out with prices tumbling. 

Just remember... 

These projects did NOT get to where they are today overnight. It 

took them months of community building before momentum 

kicked in and the floor began to rise. Cyberkong floor is 75eth now 

($352500usd). I remember when I had the chance to buy secondary 

at 1eth! 

Patience. 

Perhaps the most difficult skill to learn and master in both crypto 

trading and nft collection. 

Patience. 

DON’T FORGET TO RETWEET TO WIN 0.25sol for ISSUE 17. 

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Patience is what it takes to make a play and stick to your 

understanding of a project. Did you research the project? Do you 

understand the fundamentals? Is the community ‘alive’? Is there life 

on social media? 

You didn’t buy into SMB at 40/100/140Sol because you wanted a 

quick flip. Not if you truly understood what you were buying (think 

CryptoPunks!). You did not buy DegenApes at 60/80/100 hoping for 

a quick flip after seeing what the community is capable of doing 

(think BAYC). You sure as hell didn’t buy into DeGods or LitJesus for 

a quick flip (think Cyberkong). 

Hell, I was not going to miss Solanauts when they minted. Even 

though they were a 7sol mint the project was limited to 500, had 

and still HAS a highly active Discord. The devs are active on social 

media and always keen to join a Twitter space. 

It’a all about patience. If you haven’t got that...god help you, you are 

in for a rough time! 

As a little green sage once said 

PATIENCE 

LEARN, 

YOU MUST! 

Enjoy this issue #frens. Look forward to your interactions on the 

interwebs. 


CELEBRITY 

CYBORG 

SOCIETY 

For issue 17 we have the pleasure of running a few questions 

by @Paleocrypto. A relative nexcomer to the NFT scene with 

HUGE potential. To begin with let’s learn a little bit about the 

team behind Celebrity Cyborg Society. When and where did 

the concept come about? 

Thanks for your interest. Prior to sharing the first Celebrity 

Cyborgs on Twitter last week, it was mostly just me, Travis, 

aka PaleoCrypto, working by myself. The idea came to me 

around Halloween, just as I was transitioning onto Solana, 

from a vague curiosity, I guess, to explore my anxieties about 

post-humanism within the context of pop culture & PFPs. All 

things I was thinking about a lot at the time. Celebrity worship 

is something that feels very modern & decadent to me, and 

AI is this massively intimidating force that I can’t understand, 

that feels like it might crush us, so I wanted to bring these 

two things together. People have asked if CCS is meant to 

be satire and, honestly, I don’t really know. It’s both satirical & 

deadly serious. 

CCS as a project is very new to NFT but at the same time has 

created some impressive work as listed on Holaplex. How 

did you come about working on the Solana platform? 

Blockchain technology is only the second thing in my life 

that’s ever made me feel optimistic on a grand scale (the first 

being punk music in the early 90s) and a huge part of that 

optimism is blockchain’s potential to benefit the developing 

world, to level the playing field, so to speak, to legitimately 

decentralize. That’s the long game. All of this becomes 

incompatible with high gas fees and, once I accepted this 

(which admittedly took a while), I started researching L1 

ecosystems beyond Ethereum. Before long I inevitably found 

6 


Taylor Swift 


PRINCE 

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my way to Solana & am so thankful to be here — the support 

& generosity of the community is like nothing I’ve ever 

experienced before. What’s happening at this crossroads of 

technological, creative, & social innovation is still sinking in 

for me, I can’t even begin to fit my head around it. As far as 

the nuts & bolts go, I’ve found minting / listing / selling to be 

relatively intuitive, especially with a huge amount of support 

along the way from the Holaplex team and a few individuals 

who, luckily for me, reached out early to offer assistance and 

share their literacy of the space. 

The Discord has a few things going on. What are some of 

the things the team has come up with to create utility for its 

members? 

For starters, as more Cyborgs are released and a community 

continues to build around them, I’m trying to remove myself 

from the curation process as much as possible. An early 

example of this is empowering holders to give input on 

which Celebrities should be included in upcoming drops. By 

the fourth round of CCS releases on Holaplex, the Cyborgs 

being minted were entirely curated by holders of the first 

three rounds. Beyond that, I’m just trying to attract supportive 

people and listen to them. I’m doing my best to absorb 

information & ideas from all these creative people who are 

so savvy & knowledgeable, and I’m grateful to encounter so 

much enthusiasm so early in the process. Solana definitely 

helps make those connections. 

I believe your project is up to its 3rd round of NFT listings. 

The first 2 rounds all went to winning bids. Were you 

expecting this sort of response for a newcomer? 

No, not at all, but I’m so thankful. I’m thrilled CCS is 

resonating with people. After working on this project in 

solitude for so long, it was nice to just start putting the 

artwork out there. Everything beyond that is an unexpected 

bonus. 


The creative process behind CCS must be labour intensive. 

What background experience helps you achieve the look and 

feel of your NFTs? 

It’s labor intensive, yes, but it’s not stressful. I look forward 

to it. Prior to NFTs, I was immersed in video production 

& filmmaking for almost two decades, doing a lot of stop 

motion social media campaigns for big household brands. 

The pressure for perfectionism (that I mostly put on myself) 

was always intense. For example, when I was animating sixsecond 

video loops for the Chicago Bulls, I allowed myself no 

excuses for not making every frame as perfect as I possibly 

could, since it was within my control & my scope to do that. 

But with creative coding and generative art, which is all very 

new to me, that’s not the case, that pressure is not part of 

the equation. It’s beyond my control. Now I build the creative 

process, not the creative product, and it’s much nicer this way. 

Are you considering where to next with CCS? 

Oh absolutely, I’m considering that most of the time from 

when I wake up to when I fall asleep again, and even 

sometimes while I’m sleeping. I’ve really fallen down a rabbit 

hole. The high-level plan is to keep a slow, steady drop of 

Celebrity Cyborgs going until we reach a total of 1,337 of 

them, and to keep building the community in the meantime, 

to listen to what everyone has to say. I never expected 

everything to go in this direction so soon so I can’t pretend to 

know exactly where CCS will go from here (although I do look 

forward to the day when an IRL celebrity has their own Cyborg 

in their wallet). Whatever comes down the road, it will be fun, 

because of the people getting involved. 

Finally, perhaps we haven’t touched on something that you 

would like to discuss? Anything you would like to add? 

Well, I just want to express my appreciation again for the 

warm welcome. There’s no denying the creative explosion 

taking place on Solana, it’s like a renaissance in the truest 

meaning of the word, and it’s still so early. It feels like the right 

place at the right time. I’m grateful, I’m excited, I’m ready. Let’s 

fucking go! 

10 



@NotLinkkzyy 

THE 

SOLANA 

PLUG 

TRIPPY BUNNY FLOOR/HOLDER ANALYSIS. I’m going to start with 

the blanket details. Total supply - 1111 Total listed supply - 180 - 16% 

Unique holders - 763 (Only unlisted unique holders.) Floor - 7 SOL 

Median price - 19 SOL Floor Marketcap - $1,573,132 

Let’s get technical. Thick, Thin and How much pump? Solanart holds 

the most listed bunnies @ 79. 32 of these are in the resistance band 

of 7-20 SOL. So, if we assume this 40% resistance applies to ALL listed 

bunnies = 76 Bunnies in resistance. 50% of these sit at 10-20 SOL. 

Applying these stats, we can assume 50% of the 76 listed bunnies in 

resistance will cost between 7-10 SOL. = 38 x 8.5 SOL = 323 SOL to 

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enter 10-20 SOL range. 38 x 15 SOL = 570 SOL to break resistance. Totalling at 

893 SOL to break resistance or $178,600 

Holder statistics and importance. Out of the 763 Unique Bunny holders 656, 

yes… Six hundred and fifty fucking six only hold ONE bunny. ONE. That’s 60% of 

all bunnies delisted being held INDIVIDUALLY. Roughly 70% are held by unique 

holders of varying amounts. 

Now, tell me another project that has 60% of their supply held both individually 

and uniquely. None. The non-mathematic variables are easily observable. Bunny 

floor has held steady and the community REFUSES to list. They just KEEP HOLD- 

ING. This is PRIOR to our upcoming stuffs. 

I cannot leak the two products we’re working on releasing to trippy bunny but I 

believe they will be worth the 7 SOL entry. Now, if you’re a flipper. Why would you 

care? Well, the median price is 3x the floor. Three times! 

Analytically and mathematically this is one of the most sound purchases you 

can on $SOL NFTs rn. This project changed the entire game, the utility and dev 

work has been slow as a total lack of funding. Why? WE DONATED IT ALL BABY. 

This is wholesome, tight knit community. 

You should DYOR and all the details I’ve listed can be found here: https://solanafloor.com/nft/trippy-bunny-tribe… 

I will continue to accumulate with high conviction 

because 76 sales, roughly, stand between a 3x. But man, they’re about to 

offer so much more than a 3x. But hey, I’m just a guy typing. 


GREEN 

CHIP 

POTENTIAL 

@jo_zark 

@StonedApeCrew is different. Here is why. 

The art is looking unique and obviously appealing to a lot of people. 

They are reminiscent of 

@BoredApeYC, but they are so different that it would simply be 

wrong to call them copycats. 

Elaborated staking and breeding mechanics. If you look at recent 

projects like @BoryokuDragonz 

and @TaiyoRobotics, this concept seems to be pretty successful. 

Now the most important point: THE COMMUNITY IS INSANE. Okay... 

every community says this about themselves. But I think this is unlike 

everything we have seen in the Solana NFT space till now. 

Drugs create strong relationships. It is what it is, they somehow 

connect people. When people consume “drugs” like weed, it changes 

their state of mind. Everything seems more fun and exciting. 

Highly enjoyable/emotional states are more memorable. Cues about 

14 


the drug tend to trigger desirable memories associated with a good 

mood and cheerfulness. 

Weed often means a lot to the stoner due to the accessibility of 

all these happy memories. And of course, if someone else shares 

this interest in something you are passionate about, you are apt to 

perceive some good vibes with that person. 

This is the same with almost everything. Imagine meeting someone 

in a bar that is also into crypto. You would be inclined to talk with him 

about NFTs and share your thoughts. 

Weed establishes this connection vibes even stronger than common 

interests due to the altered state of mind. Smoking pot is more than 

“just another interest”, for many people it is a way of life. 

I can’t think of other project where people feel connected in such 

a way. This alone should be enough for a community for blue chip 

potential. But this project does something else that makes it even 

more unique. 

The apes can have one of 4 Roles: 

• Scientist 

• Farmer 

• Businessman 

• Artist 

Another way to find a subset of that group you are connected with 

anyway, in order to establish even deeper relationships based on 

shared interests. 

There is a lot more coming: - Sophisticated breeding/mutation/ 

evolution mechanics of NFTs - Established $Puff market - Physical 

coffeeshop. This community will be having an IRL meet up spot. 

Insane. 

Therefore I am so bullish about the @StonedApeCrew. It’s different. 

Looking forward for other communities to build around clearly 

defined target groups. 

Not necessarily other drugs, but what about the techno community, 

skater community or street artists? I think that just liking e.g. robots 

will lose against stronger interest groups in the long run. 

Forgot to say that they have special units inside the community like 

the “420 Secret Service” and the ,”420 SEALZ” That’s cool man. 


FLOOR 

PRICES 

@turkmmtz 

The NFT community LOVES to talk floor prices. But no one really talks about the 

revenue the projects themselves raise. Both from mint and from trading fees. Are 

there any correlations between floor prices, trading volume, and mint revenue? I 

analyzed 25+ Solana NFTs 

First, if we look at the amount of SOL raised from minting, we this graph. This 

graph is interesting as some of the high revenue projects here haven’t done great 

and some of the low revenue ones have done very well. (This isn’t to say a high 

revenue project won’t do well) 

In fact, if we plot mint revenue against the % of SOL gained since mint, we see 

that projects that have raised a lower amount tend to give better returns to their 

holders! This is because low mint revenue = low supply (usually), and low supply = 

greater prices if demand is high. 

16 


This is an interesting dilemma for NFTs. In most cases, the team must make 

a choice to either raise a lot of money for themselves, or for their holders. 

Obviously both *can* be done - but it’d have to be done primarily through 

trading volume (e.g SMB) Let’s look at that next. 

Let’s look at all time trading volume and factor in the royalties for each 

project. Unsurprisingly, @SolanaMBS, DAA, and @AuroryProject lead the 

pack. Note @mmccsolana is also a leader here. This is likely because they 

charge a 15% royalty vs. the 5% that everyone else charges. 

SHILL Issue #17 17

Well, is there a relationship between the trading revenue (or trading 

volume) vs the % gain since mint for holders? Nope, not really (at 

all). But what about total revenue (mint revenue + trading revenue)? 

If we look at the total revenue for these projects, we get this 

graph. What does it say? - @DegenApeAcademy are beasts - @ 

BoldBadgers are surprisingly second (mint price was 5 SOL) - SMB 

is top 3 despite having half the supply and less than half the mint 

price of the others 

But as NFT holders, we care more about the returns that our NFTs 

yield. And if we look at this metric - @BoryokuDragonz and @ 

SolanaMBS have such insane returns that the other projects are 

barely visible on the plot. Let’s take them out as outliers to get a 

better view. 

With the outliers out of the picture, we see that a good amount of 

the high revenue projects actually yield negative returns for the 

holders! This just goes to show you that a team having more funds 

does NOT mean a better NFT for holders. (I expect this to change 

with gaming) 

18 


The trade-off between high mint revenue for the team vs. returns 

to holders *needs* to be considered. Often, you are directly funding 

a team that’ll give you negative returns. Be careful of high mint 

projects - although they *can* do well (@GenesysGo, DAA, @ 

DeGodsNFT) 

The big caveat here is that the prices are all in SOL and not the 

equivalent USD value (I did this in a prev post). This is hard to 

account for because the SOL raised could’ve been converted to 

USD or just hodled. eg: DAA mint of 6 SOL was around ~250$ or 

1.2 SOL. 

Another caveat is that each of the marketplaces have slightly 

different vol stats - so the exact numbers here are likely off by a bit, 

though this won’t affect relative comparisons much. 

To conclude - High revenue doesn’t imply good returns - Most 

projects don’t deploy their capital in a way to increase their NFT’s 

value - Lower supply usually = better holder returns (not always) - I 

suspect utility NFTs will deploy their capital better ( @GenesysGo, 

@_portals_) 


AUDIUS PLAYLISTS 

Send your playlist to: 

pixeltoy.sol@gmail.com 

to be included in the next issue. LIVE LINKS - CLICK IMAGE 



20 



MINT 

the 

@itspipana 


BWODucks 

22 


SHILL the MINT 

@therealLitJesus 


24 

CelebCyborgs 



SOLICONS 


MEERKAT MILLIONAIRES 

26 



@StonedApeCrew 


SOLANALYSIS 7D volume 

28 


SolDrops / Top 20 Projects 

The Astronaut @thexastronaut 



Issue 16 0.25sol winner - thanks for the RETWEET 

30 


SHILL Issue #17 31 

SOLICONS

ARTBASEL 

32 


Holaplex 

ARTBASEL 


34 

SKULLDIV 


SHILL IT 1 MO TIME 

CARELESS CATS 



zine 

COVER: @GEOMS

SHILL Issue 17

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