SHILL Issue 32

Solana ecosystem zine.

Solana ecosystem zine.


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#<strong>SHILL</strong><br />


ISSUE #<strong>32</strong><br />

0.025 ◎<br />

VALE sonusvibes<br />

a small tribute to a pioneer<br />

of solana nft media<br />

RICH Water<br />

shill zine sits with<br />

project lead for a deep dive<br />

cubist colective<br />

portfolio management that<br />

pays rewards<br />

nft value over time<br />

zbanks takes us through the<br />


64jooski<br />

THIS<br />

In<br />

ISSUE<br />


4<br />

In<br />

9<br />

FROM<br />

10<br />

MEMORY<br />

Remembering Sonusvibes as a<br />

pioneer in the NFT space.<br />


Shraddha looks closer at<br />

this weeks Tyson tweet<br />


Interview with team<br />

lead about this<br />

innovative project.<br />

19 hoping<br />

20 evolving. Now or never?<br />


Dropping, holding and<br />


CHEST finance is<br />

29<br />

30<br />

<strong>32</strong><br />

52<br />

54<br />

58<br />

UP & COMING<br />

Where have these artists<br />

been hiding?<br />

ALPHA Mints<br />

The one-of-one mints you<br />

wish you had ALPHA about!<br />

<strong>SHILL</strong> the MINT<br />

What has been popping<br />

these last few days?<br />


Coming soon. Portfolio<br />

management that pays<br />

rewards.<br />


ZBanks runs a theory about<br />

NFT valuations over time.<br />


When the market looks<br />

grim FuturistMY helps you<br />





https://vimeo.com/manage/videos/668128001<br />


https://vimeo.com/manage/videos/668128063<br />


https://vimeo.com/manage/videos/668128264<br />


the<br />

from<br />

EDITOR<br />

It is with heavy heart that I put this issue together. The news of<br />

@Sonusvibes hit Shill zine hard. Hence, I have decided to dedicate the<br />

first few pages to this trailblazer and his partner @DrThoughCrimes,<br />

my condolences to you and your family- the Solana NFT space is<br />

thinking of you in this difficult time.<br />

<strong>Issue</strong> 31 winners.<br />

DM for prizes.<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 9

Many NFT projects promise the world and fail to deliver. Others promise very<br />

little and disappear just as quick as they entered the scene. What if there<br />

was a project that was not only delivering but also had a long-term plan. I<br />

mean a roadmap laid out that spans beyond their launch, way beyond their<br />

launch. The best part…well I’ll leave that to the team behind RichwaterNFT<br />

to explain.<br />

Great to have you here with #Shill zine. Let’s start with a little info about<br />

who RichwaterNFT is.<br />

Thanks for taking the time to reach out. RichWaterNFT a unique project with<br />

twin collections, a 3D series of beautiful bottles with a capped amount of 5k<br />

and a perpetual curated art collection supported by the bottles. We’re also<br />

trying to help the planet and integrate creators from all walks of life into<br />

the incredible hub of technical and creative development that is the Solana<br />

ecosystem.<br />

Your website is quite comprehensive when it comes to explaining what a<br />

project is all about. How did the idea for RichwaterNFT evolve and become<br />

what it is today?<br />

Rich Water was one of those moments in life where there was no questioning<br />

the idea, just a mission to get some sort of control of the of the wave of<br />

inspiration flowing through my head.<br />

10<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

One night a close friend asked me for a Richwater- That was a crew term<br />

for carbonated H20. That name, “Rich Water” it struck a chord... It reminded<br />

me of my first reaction to seeing plastic bottles with water being sold in<br />

them. In my then-young mind, this was the peak of capitalism. Who would<br />

ever buy water when we have it everywhere… and the plastic waste was a<br />

real concern for me.<br />

Fast forward and I’m now developing a NFT project that challenges what<br />

the disposable plastic industry is about. I do see use cases for bottled<br />

water, in environments such as emergency services operations, places<br />

with no sanitation/ clean water etc… but the bottom line is humans hold<br />

little responsibility for their trash, notably in industry and under-developed/<br />

highly populated areas.<br />

So Rich Water can help with the awareness of the damage humans<br />

continue to do, and also contribute through many avenues including our<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 11

25% cut of everything we sell aimed<br />

to help control plastic pollution and<br />

oceanic research.<br />

I love that Rich Water can focus<br />

efforts for a greater cause.<br />

There are two distinct collections<br />

under the RichwaterNFT project.<br />

Can you explain what they are, how<br />

they differ and why two projects?<br />

RichWaterNFT is a project<br />

encompassing sister collections,<br />

currently on exchange.art. Rich<br />

Water (the bottles) and Rich Things<br />

(the curated art). The bottles are beautiful 3D creations which refract<br />

light and are filled with traits. Many bottles are also derived from the art<br />

featured in Rich Things.<br />

The curated art is from contributors who are either new to the NFT scene<br />

or are established in some form or another. So, I have the opportunity to<br />

create my impression of the contributors’ art in a Rich Water bottle and<br />

also mint it as a stand-alone piece in the Rich Things collection.<br />

The collections go hand in hand, one compliments the other and there<br />

are bonuses for owning something from both collections and even better,<br />

matching a set.<br />

Financially it works so after the 25% for the oceans is allocated (+ exchange<br />

fees), we allocate the rest of the Rich Things sale to the contributor. Rich<br />

Water doesn’t make any SOL from a contributor’s mint and we pay the<br />

fees to get them on the blockchain.<br />

The RichwaterNFT project itself is perhaps the most ambitious I have<br />

come across in the space. A 3-year roadmap clearly broken into quarterly<br />

goals. When you initially sat and planned this out were you thinking about<br />

where the Solana ecosystem may be heading or was it as simple as – we<br />

need to get this done to make an impact?<br />

Thanks! It is ambitious, the original 3 year rollout for the mint was a<br />

challenge I set for myself late during the wave of 10k PFP projects that<br />

flooded the market last year.<br />

It didn’t take long for Rich Water’s concept to mature internally so I’ve<br />

had limited but valuable time to properly envision our true potential, The<br />

beauty of this ecosystem is that we have the chance to learn every day and<br />

12<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

evolve as it does. Knowing that, I’ve dialled it back a bit to a 24 month rollout<br />

and 5k bottles + Rich Things curated art collection which will be perpetual.<br />

My considerations for the ecosystem are at the forefront of this project.<br />

This is an opportunity to creatively document the growth of Solana’s NFT<br />

space and be an integral component in it’s development. We want to make<br />

an impact (especially with our efforts to helping the planet), and we plan to<br />

continue spreading the incredible energy and opportunities that web3 now<br />

has on tap. This is an amazing time to be involved, and we’re early for this<br />

phase of development, the future is going to be nuts.<br />

Essentially RichwaterNFT is only 3 weeks young. How has the project been<br />

received by the broader community?<br />

It’s been incredible and the public response to Rich Water and our ethos<br />

has been awesome. I love hearing other’s impressions of the project, albeit<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 13

the comments don’t often come back in ways you’d expect, it’s refreshing,<br />

complimentary and overall humbling.<br />

We’ve partnered with some amazing entities such as Neo Nexus and Unlock<br />

Defi, Data Abstract, The Underground Royals Society, Deepthought DJs, Jambo<br />

Mambo and many others + some deep in talks. The Degenerate Ape Academy<br />

have been fam from my beginning in Solana so I’ll always give them whatever<br />

I can and Thugbirdz have been strong early supporters.<br />

With the art I currently buy I’m generally into the community and now we have<br />

a growing trend of rugged projects with new people who are doing amazing<br />

things, they’re awesome crew to vibe with. Solana really is a super supportive<br />

ecosystem, most of us just want each other to flourish and grow together. The<br />

biggest problem I probably hear is people take too long deciding on which<br />

bottle or piece of art they want to buy, they get lost in them.. not a bad problem<br />

to have.<br />

I know for a fact that there are many artists out there that are willing and<br />

eager to be a part of your project. Is this something you were expecting? How<br />

are you using the designs/art they create for RichwaterNFT?<br />

Fortunately this was a major part of the inspiration behind my project. It’s<br />

designed to bring together the creativity of the beautiful souls around us, so<br />

the fact people are keen to is fantastic news. The foundations are being built<br />

and as history shows, early adopters are rewarded.<br />

The designs themselves are all individual. Every piece of art I use is carefully<br />

considered when creating a bottle. We ask the artist to give a story on their<br />

piece, something to vibe with as it the bottle encapsulates the essence and<br />

feeling of what the artist invokes. It’s a personal experience I have with their art<br />

and I hope the contributors feel that.<br />

If there are readers that would like to participate in supporting your project<br />

as a holder or an artist what are some ways they can reach out and find more<br />

information?<br />

The easiest way is to use Linktree and follow your preferred avenue. I’m most<br />

active on Twitter and slowly building the discord. http://linktr.ee/richwaternft<br />

You can also find me active with The Solana Library (Twitter @SolanaLibrary)<br />

which is a new project designed to help safer onboarding to the Solana<br />

ecosystem through a trusted dynamic NFT. I’m a co-founder and will use<br />

RichWaterNFT’s resources to aid it as much as possible.<br />

I have to say that I am impressed with the moral backbone of this project that<br />

is the driving force behind the concept. What impact is each holder/investor<br />

making each time your NFTs are purchased?<br />

14<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

We have a blanket rule that 25% from all sales and royalties go directly into our<br />

charity wallet for helping the oceans directed at plastic pollution and oceanic<br />

research. Every 26th of December ASET (Christmas for the rest of the world)<br />

those funds will be released with 90% allocated to the oceans and 10% to Rich<br />

Water Club (RWC) members as a gift to say thanks for supporting our cause.<br />

RWC members will be able to influence the distribution of the funds as it will<br />

incorporate investors and creators alike.<br />

This leads to an important point. The Rich Water Club will evolve to become<br />

our DAO and most importantly, will influence how the planet benefits from us.<br />

There are only 3 ways to get into the RWC. You’ll need to hold some Rich Water<br />

AND Rich Things in the same wallet, be a contributor or by personal invitation.<br />

This will allow people who’ve invested their time, art or Solana to give our<br />

oceans the best chance. There will be more with the club as we grow but those<br />

are some incentives I can reveal right now.<br />

#Shill zine really hopes that your project becomes one of the biggest success<br />

stories in the Solana space as your project progresses and achieves the<br />

milestones you have set. I look forward to supporting the project with a<br />

couple for the #Shill wallet!<br />

I really appreciate you for saying that. We have so much going on and the art<br />

flowing in is helping energise me even more to allow Rich Water to see its<br />

potential. A potential I believe is limitless due to the nature of the ecosystem,<br />

the people involved, what the planet needs and what we are doing.<br />

Thanks so much for your time.<br />

First 100 live now at exchange.art They are my special bottles, ones I’d<br />

recommend keeping in your wallet for the long term.<br />

Next 100 drops end of Janurary, they will be a regular mint.<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 15





@joemccann 42.9K Followers<br />


Risk taking is the purest form of virtue.<br />

Entrepreneur. Angel Investor. Margin Trader.<br />

NFT collector. @monkedao & @ftx_official<br />

from Day 1.<br />

“Crypto is such a<br />

volatile asset”<br />

Netflix after hours<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 19

Introducing<br />

Island Treasure<br />

$CHEST evolves into Treasure Islands: home to $CHEST, DEX,<br />

Yield-generating structured product chests, liquidity farms, and a<br />

new Solana game around rare NFTs, land, ships and conquering the<br />

DeFi Sea.<br />

Treasure Islands will be the new home for Chest Finance and<br />

$CHEST.<br />

Treasure Islands is not only a game, but an entire DeFi ecosystem,<br />

from yield-generating structured product chests, to DEXs, to liquidity<br />

farms, to governance councils, all centered around utility and<br />

gameplay-driven NFTs and $CHEST.<br />

Treasure Islands float across the DeFi Sea. Players will be able to<br />

stake and earn in structured product chests, swap and trade on a<br />

DEX with the coin master, provide liquidity in farms, and vote on<br />

protocol-wide policies that will govern the DeFi Sea through the<br />

DeFi Sea Council (DSC), a cooperative of pirates and governors<br />

powered by $CHEST and rare pirate NFTs.<br />

20<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

Once players are sufficiently comfortable with their home islands,<br />

they will be able to construct or buy ships to sail the DeFi Sea on<br />

the search of new islands and treasures that they can claim as new<br />

real estate. But doing so is not risk free, they may encounter other<br />

pirates and engage into sea battles or find hostile enemies on new<br />

discovered lands. Moreover, not all new land is formed equally.<br />

Some may promise abundant riches, while other may be barren<br />

sand dunes.<br />

At the heart of Treasure Island are Pirate NFTs. These Pirate characters<br />

will become your go-to companions on your mission to<br />

conquer the DeFi Seas. They each have their own traits, strengths,<br />

and weaknesses, allowing them to accomplish certain tasks better<br />

https://vimeo.com/manage/videos/668124165<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 21

than others. Some may be stronger on land battles, some may be<br />

more tactical ship captains, and others may be better at uncovering<br />

treasures from caves. No two Pirates are built the same.<br />

Utility<br />

As described in the $CHEST tokenomics here, Gen. 0 Pirate NFTs<br />

will also include exclusive access to:<br />

1) 12% Staked $CHEST tokens, and<br />

2) up to 120% voting boost at the DeFi Sea Council (DSC)<br />

3) Ability to evolve their Gen. 0 Pirates into Gen. 1 Pirates in the future<br />

10,000 Gen. 0 Pirate NFTs will be available for mint based on the<br />

following schedule:<br />

Jan. 24th: Limited white-list pre-sale for 1500 people (details in<br />

Discord here)<br />

Jan. 31st: Final public sale<br />

Be on the lookout for our Pirate NFF comprehensive gameplay<br />

guide article being released soon<br />

Phase I — Community (in progress)<br />

Before we set sail to Treasure Island, we will focus on expanding<br />

the community, documentation, and excitement around the project.<br />

This includes curating Discord, giveaways, detailed documentation,<br />

and website upgrades.<br />

Phase II — Pirate NFTs and $CHEST (in progress)<br />

Pirate NFTs and $CHEST play a pivotal role in the development of<br />

Treasure Island. Funds generated from the NFT sales and IDO will<br />

go towards providing liquidity to the Treasure Island metaworld,<br />

seeding development efforts, and establishing the DeFi Sea Council<br />

(DSC).<br />

The NFT mint will occur as a whitelist pre-mint on Jan. 24th, and a<br />

public mint on Jan. 31st.<br />

The $CHEST IDO will occur in the week of Feb 1st. (More details to<br />

be announced)<br />

Phase III — Treasure Island Core Components<br />

Release of the main Treasure Island map, with a functional interface<br />

for yield-generating chests, NFT Marketplace, DEX integration,<br />

LP staking, and yield farming.<br />

22<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

Phase IV — Pirate Quests<br />

Pirate NFTs will be usable for various in-game functionalities and<br />

quests, including but not limited to, earning additional yield, accumulating<br />

stats, battles/ raids(phase VI).<br />

Phase V — Sea Exploration, Ships, and Land conquering<br />

Users will be able to set sail across the treacherous DeFi Sea on<br />

the lookout for rare treasure-bearing land, which they can either loot<br />

for treasures, or settle down and develop as real estate. The Real<br />

Estate agency will also open for users to buy, sell and trade islands.<br />

The Shipyard will also open, where they can buy, sell, upgrade, and<br />

trade their ships. Each ship will also have its own stats and allow<br />

players to accomplish unique quests.<br />

Phase VI — PVE<br />

Users will need to fight off other pirates, protect their home islands,<br />

build shelter, repair their ships, and more. Users will be able to<br />

investigate dangerous caves, or explore dangerous lands, and fight<br />

off hostile enemies.<br />

Phase VII — PVP and Confederations<br />

Users will be able engage into battles with other players, for the<br />

chance to earn additional loot and yield. Groups of people will also<br />

be able to form confederations to pool their resources together and<br />

become stronger in the metaworld.<br />

We see a future where DeFi, GameFi and NFTs merge into one.<br />

Treasure Island’s vision is to become an all-encompassing universe<br />

where players will be able to earn directly from a game, and experience<br />

the magic of Solana, web3, and DeFi innovations. For too long<br />

traditional finance has locked users out of their own liquidity, and<br />

traditional games have locked player-created value within their own<br />

ecosystems, preventing players to extract the very value that they<br />

created. Treasure Island, blockchain, and DeFi will change this paradigm.<br />

Not only will you be able to freely interact with your liquidity,<br />

but through GameFi mechanics, will more importantly be able to<br />

extract the value you created and share in the prosperity of the DeFi<br />

Sea.<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 23


NFTgfx<br />


SOLANALYSIS 7D volume<br />

26<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>


The Astronaut @thexastronaut<br />

<strong>SHILL</strong> Is1ue #<strong>32</strong> 27


SolsWatch<br />

28<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

UP & COMING<br />





<strong>SHILL</strong> THE MINT<br />



<strong>SHILL</strong> THE MINT<br />



<strong>SHILL</strong> THE MINT<br />



<strong>SHILL</strong> THE MINT<br />



MINTAlpha_Gorillas<br />

<strong>SHILL</strong> THE MINT

Rich Water/Rich Things

Rich Water/Rich Things


<strong>SHILL</strong> THE MINT<br />



<strong>SHILL</strong> THE MINT<br />



<strong>SHILL</strong> THE MINT<br />




ubist Collective<br />

The Product<br />

Cubist Collective is a community-driven portfolio management<br />

protocol built on the Solana blockchain. The protocol facilitates the<br />

crowdsourcing of data and alpha in order to keep holders appraised<br />

of noteworthy developments in their holdings, as well as new<br />

NFTs worth minting. It also includes a suite of custom-built tools<br />

to easily manage your portfolio, all integrated into one clean and<br />

user-friendly dashboard.<br />

Contributor Rewards<br />

Each week, the $CUBIST Rewards Pool is funded using a percentage<br />

of the mint and proceeds, plus the protocol's native $CUBIST<br />

token. Cubist members react to important posts on Discord and<br />

contributors earn their share of the $Cubist for that week. The<br />

Cubist Collective protocol will keep this community incentive fund<br />

seeded with at least 5000 UDSC per week.<br />

By leveraging the Cubist Collective protocol, members will be able<br />

to manage their wallets efficiently and save time.<br />

• Automatically highlight top community insights from individual project<br />

experts.<br />

• Crowdsourced market sentiment and community predictions.<br />

• Upcoming events for your portfolio (airdrops, snapshots, token drops,<br />

delisting rewards, etc).<br />

• Simple and clean portfolio overview.<br />

• Standard metrics such as floor price, rarity, and intraday volume all in one<br />

place.<br />

52<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 53

@zBanksSOL<br />

NFT<br />

VALUE<br />

TIME<br />

Here is a framework for how I think about #SolanaNFT value over<br />

time.<br />

Phase 1: Launch Hype. Bots and flippers sell to realize their profit/<br />

limit their losses and release liquidity. Peak FOMO as people who<br />

have missed out on the mint are trying to get in.<br />

Phase 2: Slowdown FOMO and hype subside. This can be the day<br />

after mint, or much later. The floor often dips, which fuels some<br />

54<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

FUD from those who are only in to make money, causing prices to<br />

fall further. Many projects go under mint price here, so there can be<br />

good snipes.<br />

Phase 3: Long term the selling pressure decreases as those not<br />

trusting the project have already sold, buyers also drop as those<br />

most interested have already bought in. Value is mostly driven by<br />

utility (or lack thereof)<br />

The size of the arrows is intended to scale with the size of the "force"<br />

applied by the different sides. The large arrows after launch indicate<br />

both lots of selling and buying, resulting in a high volume.<br />

If we vary the size of the arrows, we can simulate different scenarios.<br />

Like projects that manage to move directly from hype to utility or<br />

have many long-term believers. A "perfect project" like @GenesysGo,<br />

@_portals_.<br />

Projects that are entirely hype-driven can do well just after mint, but<br />

often die off soon, never to come back (especially in the current<br />

market) as there is no utility motivating long-term holding.<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 55

Projects relying on utility but that have not managed to build the hype<br />

(including real stealth launches) do not have a peak after launch.<br />

They tend to end up below mint. Long term success is possible,<br />

depending on delivered value.<br />

56<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

Entirely failed projects: Usually, an intended hype project that never<br />

got off the ground. Very few people are looking to get into these on<br />

secondary and almost all holders want to sell.<br />

CryptZeroArt<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 57



@FuturistsMY<br />

The huge wick down for BTC and ETH in the 4<br />

hour charts suggests whale manipulation is at<br />

play. They are buying the rumour and selling<br />

the news. This is to destroy weaker hands,<br />

allowing whales to accumulate more at the<br />

bottom. The reasons for selling are as follows:<br />

Russia is banning cryptocurrencies. To them, it<br />

is a speculative asset which carries characteristics<br />

of a pyramid scheme. They are warning<br />

of potential bubbles in the market, threatening<br />

the financial stability. Well, isn’t fiat money a<br />

ponzi too?<br />

Russian c.bank proposes banning cryptocurrencies,<br />

crypto mining<br />

The SEC is coming for crypto exchanges.<br />

https://google.com/amp/s/www.pymnts.com/<br />

cryptocurrency/2022/gensler-sec-is-coming-crypto-exchanges/amp/…<br />

This comes after<br />

the http://crypto.com hack which siphoned<br />

$30 million from investors. Fear from regulatory<br />

scrutiny triggered investors to move crypto<br />

out off exchanges or sell some of their holdings.<br />

58<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong>

The drainage of BTC from exchanges is obvious<br />

when you look at the charts. It has been<br />

steadily decreasing since the start of 2021.<br />

Low balances in exchanges means low liquidity.<br />

It takes much less effort to move prices up<br />

or down.<br />

Leveraged trading. This is the biggest reason<br />

to why crypto markets are so volatile. A simple<br />

dump from whales trigger stop-losses/liquidations<br />

from traders, cascading the entire event<br />

and causing a flash crash. Seriously guys,<br />

don’t play futures if you’re not experienced.<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>32</strong> 59


<strong>SHILL</strong> THE MINT<br />

Fine Filly


<strong>SHILL</strong> THE MINT<br />



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