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#<strong>SHILL</strong><br />
SOLANA NFT/DEFI/TWITTER COMMUNITY<br />
ISSUE #<strong>26</strong><br />
0.025 ◎<br />
GOONEY TOONS<br />
Move over NFT gaming make way for<br />
storyline NFTs cont from issue 25<br />
GENESYSGO $SHDW<br />
What IS the GenesysGO project<br />
about exactly?<br />
SLEEPYBEES<br />
Deep dive into McNatt<br />
BREAKDOWN<br />
Where is Solana headed? Are you<br />
prepared?
xKonwi<br />
THIS<br />
In<br />
ISSUE<br />
<strong>26</strong>
4<br />
From<br />
the Editor<br />
FINAL issue for 2021. Wise<br />
words or ramblings?<br />
Gooney TOONS<br />
6 Continuation of Part<br />
1- going to leave you<br />
<strong>SHILL</strong> the Mint<br />
wanting more!<br />
31 Dropping, holding and<br />
hoping<br />
Did I Do That?<br />
14 @Pixeltoy<br />
42<br />
16 GENESYSGO The $SHDW token and<br />
where the project is<br />
44<br />
heading. Part 1.<br />
PROBABLY NOTHING<br />
Dropping, holding and 23 hoping<br />
24<br />
BREAKDOWN<br />
Where is Solana going?<br />
Have YOU considered<br />
this?<br />
45<br />
58<br />
60<br />
68<br />
SOLANALYSIS<br />
7D Volume rankings<br />
MOVERS<br />
SolsWatch analysis of<br />
current NFTs on market.<br />
DID YOU SEE IT?<br />
New section, where the f* have<br />
these artists been hiding?<br />
ALPHA Mints<br />
Keep an eye out for this artist!<br />
URS ARTISTS ROYAL GANG<br />
The one-of-one mints you<br />
wish you had ALPHA about!<br />
SLEEPYBEES<br />
Deep dive into McNatt
the<br />
@Pixeltoy<br />
2022! Hooplah! Here we are...<br />
from<br />
EDITOR<br />
Now that the formalities are out of the way, welcome to issue <strong>26</strong> of Shill<br />
zine. Thirteen weeks running! Hell, that’s longer than most NFT minted<br />
projects!<br />
Thankfully, this zine exists because OF the community out there. You,<br />
the reader! The weekly stats over on YUMPU are just incredible! FWIW,<br />
<strong>Issue</strong> 23- 1154 reads, <strong>Issue</strong> 24- 1140 reads, <strong>Issue</strong> 25- 909 reads. That’s<br />
3203 reads for the week. Pretty f*ing impressive seeing that my goal<br />
was 2000 readers! 5000 readers by June 2022! This can only happen if<br />
you RETWEET the zine across your networks. Well beyond my scope.<br />
Exciting section added to this issue. We have “Shill the Mint”, “URS<br />
Royal Gang” and now we have “Have You Seen It?” after coming across<br />
obscure mints when following a tweet of a tweet of a tweet. Maybe<br />
these artists will stick around? Maybe they are just testing the Solana<br />
waters? Some of the mints I can’t track back to Twitter so I have left<br />
them as a plex link back to their site. Happy to rectify this if you know<br />
the artist.<br />
If you don’t discover a new artist that you haven’t previously considered<br />
then I’d be surprised!<br />
The Gooney project is just bowling me over at the moment. This project<br />
must be working 24/7 to churn out the content that they have. I am<br />
looking forward to their mint (no I don’t have WL or any shit like that, I’m<br />
a pleb like the rest of us!).<br />
I have also included some info about GenesysGo explaining what the<br />
project is about and how their upcoming token IDO will work. I never<br />
touched the project as I had NFI what they were trying to sell as an NFT<br />
4<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
ut essentially it looks like ‘shares’ in a company. Who needs the<br />
stockmarket anymore?<br />
Jacob Van gives us an unbiased opinion about Solana in ‘Breakdown<br />
and Analysis’. Read that one carefully and consider the next 6months<br />
in this space!<br />
Wrapping up we have SleezyBees with a Deep Dive into McNatt.<br />
PLUS<br />
So much eye-candy from here to there! 72 pages!<br />
Upcoming interviews on their way from NFTDownUnder, Surging<br />
Bulls, Solana Monkey University and BatCity Underground to name<br />
a couple!<br />
Enjoy the issue. Retweet the link to all your friends and enemas! (sic)<br />
Now go read! And remember, there is no COMMNITY without U!<br />
Pixeltoy<br />
@GooneyToonsNFT<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 5
https://gooneytoons.studio/comic<br />
CONTINUED FROM<br />
ISSUE 25
@Pixeltoy
GenesysGo<br />
and the<br />
$SHDW<br />
https://genesysgo.medium.com/<br />
IDO<br />
This article is meant to act as a comprehensive guide to the who, what, why,<br />
and how of GenesysGo.<br />
You will hopefully leave having a better understanding of key concepts such<br />
as: what we’ve built, what we are building, the Tokenomics of the $SHDW<br />
token, and the mechanics of our upcoming IDO.<br />
My name is Frank and I am one of the co-founders of GenesysGo. This<br />
article will, hopefully, shed light on how GenesysGo went from being two best<br />
friends building servers to a team of seven developers, multiple community<br />
managers, and a community of nearly 13,000 in less than a year.<br />
Let’s start with what is currently the most talked about subject as of the<br />
time of this writing… the IDO for our native token $SHDW.<br />
We are pleased to announce that our IDO will be taking place on January<br />
3rd, 2022 at 2pm UTC. During this sale 30,000,000 tokens (15% of the total<br />
supply) will be sold in an IDO which re-uses the same IDO program used by<br />
16<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
projects like Aurory and Mango Markets.<br />
After discussing with both the Aurory and Mango teams, we decided<br />
to use this IDO program as it has been incredibly battle tested and<br />
demonstrated itself to be a stable smart contract.<br />
It was also important to us, as the largest RPC provider on Solana, to<br />
power our own IDO. We strongly believe that not powering our own<br />
token drop would be a sign that we don’t have confidence in our own<br />
network… and if we don’t have confidence in our own network then<br />
how can we expect you to?<br />
We’ll return to the IDO and Tokenomics shortly, but let’s take a<br />
moment to set some important context and give a little history<br />
around GenesysGo.<br />
Since April 4th, 2021 GenesysGo has been building and providing<br />
infrastructure to the Solana community. Our validator, the Shadowy<br />
Super Coder DAO validator, (https://solanabeach.io/validator/<br />
AKoVXpZmi8wSz3sGvCYEygbpdHvSRysWsh36b97iPvKh) came<br />
online in early April and we very quickly transitioned to building and<br />
networking RPC servers.<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 17
To put it simply, GenesysGo is the infrastructure provider of RPC and<br />
Validator services on the Solana network.<br />
For those who don’t know, RPC servers are the backbone of the Solana<br />
blockchain. They are the traffic controllers of the Solana validator network<br />
and literally every single project building on Solana uses them.<br />
Solana is especially hard on RPC servers because of the sheer throughput<br />
that Solana is capable of. RPC servers are arguably the hardest working<br />
piece of hardware on the Solana chain.<br />
Over the past eight months GenesysGo has been quietly gathering more<br />
and more user traffic and at this point we, conservatively, power over half<br />
of all traffic on Solana.<br />
We built a RPC network that provides unlimited requests per second (any<br />
RPC provider that has a payment model based only around requests<br />
per second is showing a fundamental misunderstanding of how server<br />
resources work), unlimited data, global DNS load balancing for the lowest<br />
latency, and is backed by a network of 300+ bare metal servers in 9<br />
different countries across 3 different continents. We also provide access<br />
to the full ledger history all the way back to Solana’s genesis block.<br />
Because it’s very important to us to establish that we’re not a new project.<br />
We have a well-established product and well established brand. We made<br />
a choice in the beginning (for better or worse) to focus on building rather<br />
18<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
than talking about building and there are far too many projects who<br />
keep promising “big announcements” already in the ecosystem.<br />
Steven and I both have backgrounds in b2b sales and we put that<br />
to use by getting out into the Solana community and grinding until<br />
“overtime” just became “normal time”. We developed a very deep<br />
userbase by (as the Solana team loves to say) chewing tons and<br />
tons of glass.<br />
So, as you continue reading and learning, that’s good context to<br />
keep in mind!<br />
Steven and I are the founders and we ran the project for eight<br />
months before bringing anyone on board. GenesysGo was Because<br />
it’s very important to us to establish that we’re not a new project.<br />
We have a well-established product and well established brand.<br />
We made a choice in the beginning (for better or worse) to focus<br />
on building rather than talking about building and there are far too<br />
many projects who keep promising “big announcements” already<br />
in the ecosystem.<br />
Steven has a background in distributed data systems and<br />
geographic information systems, as well as extensive experience<br />
building inside Linux terminals. I have a background in education,<br />
business leadership, and I am self-taught quant trader. Both of our<br />
careers took detours early on into the world of traditional finance<br />
where we both spent many years working as financial planners<br />
and leading business units at large investment firms… which<br />
really just translates to some financial planning and a lot of sales<br />
conversations.<br />
When Steven and I first met we bonded over being the only real<br />
hardcore computer nerds in a building full of finance people. While<br />
we enjoy software, our true passion has always been the hardware<br />
and networking side.<br />
Ever since Nov 3rd though, we have added several new devs to the<br />
core team (including the very exciting pick up of one Mr. https://<br />
twitter.com/GenesysGo/status/1469533663742341123?s=20) in<br />
order to ensure that we can maintain the forward momentum as<br />
we continue to scale in both size and the scope of the platform we<br />
are building.<br />
We hold multiple town halls per month on Zoom and are about as<br />
doxxed as you can get short of inviting people over to check out<br />
<strong>SHILL</strong> Is1ue #25 19
our houses.<br />
All three of these things are linked. Let’s start with the NFT mint…<br />
The Shadowy Super Coder NFT Mint<br />
https://genesysgo.medium.com/genesysgo-shadowy-super-codernft-collection-80ba8811d4f2<br />
— Rather than retype everything, I’ll<br />
drop the link here for those who haven’t heard of our NFT, its utility,<br />
and want to learn more.<br />
TL:DR; We minted 10,000 SSC NFTs at a price of 2.5 SOL on the very<br />
day that Solana made its all time high and all 10,000 were minted in<br />
less than 9 hours. We were told it couldn’t be done but this is how<br />
much the ecosystem values what we do.<br />
20<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
What made the NFT drop even more impressive was the wallet<br />
distribution. https://gist.github.com/levicook/6d7dcf374ece6cb<br />
2d585cd32b07a3e0b#file-ssc-holders-csv — This snapshot is as<br />
of 12/17. Given that our NFT is tied very closely to our seed token<br />
allocation, this means very good things for the project’s Tokenomics<br />
as a whole (obviously, no one can guarantee what the price will do<br />
and, candidly, we are much more focused on building strong utility<br />
for the token).<br />
The top 20 wallets hold only 28% of all the NFTs… this was very<br />
exciting and very important to us as it spreads out the risk curve for<br />
the token overall.<br />
As of 12/17/2021<br />
In fact, the top 120 wallets barely reach 50% ownership of all<br />
Shadowy Super Coder NFTs.<br />
How does the Shadowy Super Coder DAO fit in with GenesysGo?<br />
The SSC DAO has always been meant to be the ultimate custodian<br />
of the network layer that GenesysGo is building. The SSC NFT mint<br />
allowed us the chance to accelerate our ability to execute while<br />
simultaneously bringing together the community that will ultimately<br />
make up the DAO. It is important to note that the DAO is not a fully<br />
functional DAO at this time. The network layer we have built is very<br />
integral to Solana and changes to it must be made very deliberately<br />
and with careful testing. The DAO serving as the foundational<br />
community allows members the ability to understand more about<br />
a layer of the Solana architecture that is fairly complex and not well<br />
understood. This gives the GenesysGo team the ability to make<br />
critical, in the moment, decisions regarding architecture and the<br />
needs of Solana while also allowing DAO members the ability to<br />
observe and learn.<br />
As we achieve the full rollout of the various aspects of our project<br />
(more details below) the DAO will begin taking more of a central role<br />
in the decision making processes, with a central council being the<br />
fiduciaries over the caretaking of the network.<br />
So, what are you building?<br />
Before we talk about the Shadow Protocol, let’s talk about one more<br />
thing related to our existing RPC network.<br />
As you may have read if you read the articles about our NFT mint,<br />
<strong>SHILL</strong> Is1ue #25 21
our promise to the ecosystem was that if all Shadowy Super Coder<br />
NFTs were minted in the first 24 hours then we would provide the<br />
Solana ecosystem with full RPC network access at no cost until the<br />
end of 2021.<br />
Our NFT was fully minted in less than 9 hours and so, since Nov 3rd<br />
2021, our RPC network has been available at no cost.<br />
We believe the “RPC provider” model is very outdated and it is our<br />
goal to break this model. Between what was generated from our NFT<br />
mint, continued NFT royalties, and the fees from the Shadowy Super<br />
Coder DAO validator node we are able to provide RPC access at no<br />
cost into perpetuity.<br />
Because of our focus on searching out creative revenue sources<br />
other providers don’t utilize, we are able to provide a massive<br />
scalable RPC network without using funds from the upcoming IDO,<br />
which allows us to focus those funds solely on building the first<br />
truly Solana optimized decentralized RPC network and the first truly<br />
Solana optimized decentralized storage layer.<br />
(continued next issue)<br />
22<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
PROBABLY<br />
NOTHING<br />
SOLANA ECOSYSTEM 2022<br />
@solana_daily<br />
2021 was a colorful year with the Solana ecosystem.<br />
Our ecosystem has achieved many<br />
remarkable milestones in the market. So,<br />
what’s to come in 2022 in the Solana ecosystem?<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 23
Breakdown<br />
By Jacob Van<br />
& Predictions<br />
What is Solana?<br />
Solana is an open-source decentralized blockchain built to enable<br />
scalable, user-friendly apps for the world.<br />
Solana has been dubbed by some as the “Ethereum Killer” because<br />
of its lightning-fast speed and low transaction fees.<br />
The average cost per transaction is around $0.00025 and Solana<br />
processes around 2,100 transactions per second.<br />
Solana Stats<br />
Compare that to ETH, where the average transaction cost fluctuates<br />
between $2-$5 and has been as high as $70. ETH can only process<br />
between 15–45 transactions per second.<br />
How is the Solana network so fast and so cheap? Instead of using<br />
Proof of Work like Ethereum and Bitcoin, Solana uses the consensus<br />
mechanism known as Proof of History (PoH).<br />
According to Solana’s Medium post:<br />
”PoH creates a historical record that proves that an event has occurred<br />
at a specific moment in time. Whereas other blockchains require<br />
validators to talk to one another in order to agree that time has<br />
passed, each Solana validator maintains its own clock by encoding<br />
the passage of time in a simple SHA-256, sequential-hashing verifiable<br />
delay function (VDF).”<br />
That is quite a bit of technical jargon. Check out the tweet below for<br />
a short video that explains PoH well.<br />
Solana Summer<br />
This speed and the cheap transactions have led to an explosion in<br />
popularity and adoption of Solana.<br />
24<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
Most of this growth occurred over the summer of 2021, where the<br />
price of SOL went from around $19 in April all the way up to a high of<br />
$259 on November 6th.<br />
This growth was a result of a few factors.<br />
In July 2020, FTX announced that it would build its DEX, Serum, on<br />
top of the Solana network.<br />
This was ground-breaking because it meant the founder of FTX,<br />
Sam Bankman-Fried, was now a supporter of Solana. It is hard to fail<br />
when a billionaire crypto superstar is on your side.<br />
The buy-in from FTX led to Solana Labs striking a deal with some<br />
of the largest VC firms in the world including a16z and Polychain<br />
Capital.<br />
Solana labs completed a $314 Million private token sale with these<br />
VC firms in June of 2021.<br />
This vote of confidence from major VC firms and investors led to the<br />
mass adoption of Solana and an explosion in the SOL ecosystem.<br />
In March of 2021, the Solana ecosystem looked like this.<br />
Credit @Solanians_<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 25
Just a month later we saw quite a change.<br />
Credit @Solanians_<br />
Today, the Solana ecosystem is massive.<br />
<strong>26</strong><br />
<strong>SHILL</strong> <strong>Issue</strong> #25
<strong>Issue</strong>s on Solana<br />
But with widespread adoption and rapid growth typically comes<br />
growing pains.<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 27
Solana has seen its fair share of issues. The most high-profile<br />
problem the network has faced is network outages.<br />
Back in September Solana faced a 17-hour outage that required<br />
engineers and over 1,000 validators to work together to bring the<br />
network back online.<br />
This led to many critics complaining that Solana has prioritized<br />
speed and scalability over security.<br />
Some even went as far as saying Solana was a scam after the network<br />
faced another issue and was hit with a denial-of-service attack that<br />
slowed the network significantly but did not bring it offline.<br />
Another common complaint about Solana is the lack of<br />
decentralization.<br />
According to Solana Beach, there are currently 1,337 validators<br />
securing the network.<br />
Ethereum currently has 2,600 nodes running on the network, about<br />
double that of Solana.<br />
Decentralization and security are always a top priority for layer 1<br />
networks, but Solana especially needs to ensure they balance these<br />
priorities evenly with speed and scalability.<br />
Solana’s Future<br />
Solana has undoubtedly built a thriving ecosystem of DeFi, NFT, and<br />
gaming projects that have become a staple in the crypto space.<br />
Despite the concerns of security and decentralization, SOL has seen<br />
a 11743.4% gain in the past year.<br />
While it is down 32% from its all-time high price of $259, SOL still has<br />
the potential to grow.<br />
In terms of market cap, SOL is not far off from another layer 1<br />
network that has faced similar complaints regarding centralization<br />
and security issues, the Binance Smart Chain (BNB).<br />
If SOL was able to capture the market cap of BNB, we would see a<br />
price of $288. That is more than reasonable given current market<br />
conditions.<br />
28<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
For Solana to catch up to the likes of Ethereum in terms of market<br />
cap, we would have to see even greater adoption take place for<br />
Solana.<br />
Multiple moon shot projects in the ecosystem, like Star Atlas, would<br />
need to exceed expectations in order for SOL to catch up to ETH.<br />
If Solana could become the go-to chain for crypto gaming and/or<br />
the metaverse, Solana could potentially “kill” Ethereum and flip its<br />
market cap.<br />
Otherwise, SOL will probably continue to be in the top 2–3 spots for<br />
layer one networks.<br />
https://www.youtube.com/watch?time_<br />
continue=4&v=vcKtLDsF9WI&feature=emb_logo<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 29
AUDIUS PLAYLISTS<br />
Send your playlist to:<br />
pixeltoy.sol@gmail.com<br />
to be included in the next issue. LIVE LINKS - CLICK IMAGE<br />
30<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
<strong>SHILL</strong> the MINT<br />
@ArizzaTribe<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 31
<strong>SHILL</strong> th<br />
@XeonSol<br />
32<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
e MINT<br />
<strong>SHILL</strong> Is1ue #25 33
Astral Baby Apes<br />
34<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
<strong>SHILL</strong> the MINT<br />
Surging Bulls<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 35
CarrotandBogie
<strong>SHILL</strong> the MINT<br />
CutFlowerz
@b2kdaman
<strong>SHILL</strong> the MINT<br />
deepflow
40<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
SOLANALYSIS 7D volume<br />
42<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
WALLETS / Sol OVERVIEW<br />
The Astronaut @thexastronaut<br />
<strong>SHILL</strong> Is1ue #25 43
MOVERS UNDER & OVER 2Sol<br />
SolsWatch<br />
44<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
Did you see it?<br />
DelugeXI<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 45
eros_art_proj<br />
46<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
Did you see it?<br />
@eltoponyc<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 47
faces.holaplex<br />
48<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
Did you see it?<br />
@hakuxbt<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 49
heresycake<br />
50<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
Did you see it?<br />
kmo<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 51
lowbrownative<br />
52<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
Did you see it?<br />
noa<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 53
Omnisol
Did you see it?<br />
Kometaplus
jookerl3
Did you see it?<br />
NinjaLua
a l p h a m i n t s
mindfolkART
Decoded
Decoded
Calico
Dato
GriffinDart
Stompart
Ch1LL
Stompart
SleezyBees<br />
DEEP DIVE<br />
@sleezybees<br />
We did a deep dive on 1/1 NFT artist @itsMcNatt. He was gracious<br />
enough to let us share the parabolic growth he's experienced over<br />
the last few months #SolanaCommunity.<br />
68<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
The story of Mcnatt is the story of Solana 1/1s 1st NFT sold =<br />
.5 SOL ($90) Undeterred, the artist kept generating buzz around<br />
a world of intriguing characters. As word got around, so did the<br />
demand. Today, “The King” Sold for 69 SOL ($11,661) How can we<br />
learn from this?<br />
McNatt has been an outspoken and active community member<br />
since the beginning of his career. This helped collectors understand<br />
the man behind the canvas that led to increased awareness of his<br />
pieces. Look at just how active McNatt has been in the space.<br />
<strong>SHILL</strong> <strong>Issue</strong> #25 69
It’s no surprise that as more people heard his story, the more collectors<br />
would swarm the auctions. Leading up to the last of the series,<br />
“The King” we can identify the demand created for his more affordable<br />
pieces. A trend we have been noticing in the space.<br />
Auctions are a great way for an artist to reach price discovery and<br />
truly access their NFT’s worth. It’s important for artists to not sell<br />
themselves short. Auctions are perfect for gauging the demand for<br />
your art! After building a community of collectors, celebrate!<br />
What has been most fascinating for the team is the rate of growth<br />
for NFT artists across #solana. This goes to show that investing in<br />
an NFT artist early can truly pay off! The Secondary market for 1/1<br />
NFTs can be found on http://Exchange.art<br />
70<br />
<strong>SHILL</strong> <strong>Issue</strong> #25
<strong>SHILL</strong> <strong>Issue</strong> #25 71
@glitchstroke