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SHILL Issue 17

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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

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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.

SHILL Issue #17 5


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

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Taylor Swift

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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.

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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!

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@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.

SHILL Issue #17 13


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

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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.

SHILL Issue #17 15


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.

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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)

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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_)

SHILL Issue #17 19


AUDIUS PLAYLISTS

Send your playlist to:

pixeltoy.sol@gmail.com

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

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

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

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SHILL Issue #17


SHILL

MINT

the

@itspipana

SHILL Issue #17 21


BWODucks

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SHILL the MINT

@therealLitJesus

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24

CelebCyborgs

SHILL Issue #17


SHILL the MINT

SOLICONS

SHILL Issue #17 25


MEERKAT MILLIONAIRES

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SHILL Issue #17


SHILL the MINT

@StonedApeCrew

SHILL Issue #17 27


SOLANALYSIS 7D volume

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SolDrops / Top 20 Projects

The Astronaut @thexastronaut

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

SHILL Issue #17 29


Issue 16 0.25sol winner - thanks for the RETWEET

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SHILL Issue #17 31

SOLICONS


ARTBASEL

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SHILL Issue #17


Holaplex

ARTBASEL

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34

SKULLDIV

SHILL Issue #17


SHILL IT 1 MO TIME

CARELESS CATS

SHILL Issue #17 35


SHILL

zine

COVER: @GEOMS

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