SHILL Issue 78
Solana ecosystem magazine.
Solana ecosystem magazine.
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SOLANA NFT/DEFI/TWITTER ECOSYSTEM<br />
the bit you<br />
came for 2<br />
part 2 from linkkzyy<br />
Sol Nostalgia<br />
Solanasensei looks back<br />
too good<br />
Ct21 sweeping<br />
capitulation<br />
is now the time<br />
Royalties<br />
Secretsphinxes and<br />
kemos4be discuss<br />
ISSUE #<strong>78</strong><br />
◎0.25<br />
& MUCH more
ISSUE<br />
<strong>78</strong>
4 10<br />
16<br />
17<br />
18 86<br />
140<br />
151<br />
152<br />
FROM THE EDITOR<br />
UPTOBER insights<br />
Linkkzyy looks at what is coming up #alpha<br />
Project Royalties<br />
SecretSphinxes is in ont he conversation<br />
Obligation<br />
Redacted_j on why projects should or should<br />
not have an obligation<br />
Solana Nostalgia<br />
SolanaSensei with a history lesson<br />
The Bit You Came For 2<br />
Linkzzyy analyses what to look for ina<br />
project. Part 2 #alpha<br />
too good to pass on<br />
CT21 collecting pieces while you sleep<br />
151 Capitulation<br />
0xGumshoe- what will it take to capitulate?<br />
Royalties Proposition<br />
Kemos4be lays it out, plain and simple<br />
arielgricio
<strong>Issue</strong> <strong>78</strong><br />
A moment of silence in remembrance of all those NFT projects and 1of1s that have vanished over the last year.<br />
Some, so promising. Others...<br />
One piece locked away in the #<strong>SHILL</strong> vault this week but I thought I'd re-add my "Nimbus" because @arteovni<br />
is nearing the end of their 100 mint for the Lucid Screens series.<br />
#<strong>SHILL</strong> has its own NFTs up for auction on Exchange.art and now Formfunction too! Proceeds go to helping this<br />
magazine grow and become better. All the World's a Stage is live now https://exchange.art/pixeltoy/ and Do<br />
You See Me? https://formfunction.xyz/@Pixeltoy.sol/<br />
The 'meta' over the last week has been about ROYALTIES. As such, this issue includes a couple of articles<br />
focused on perspectives. We need perspectives. It helps us form our own opinion based on the evidence<br />
presented.<br />
A whole lot of content in this issue. NFTs to tickle your senses. Alpha to contemplate. Stories you may have<br />
missed. It's good to know that at the end of the week you can rely on #<strong>SHILL</strong> zine to package it all up in one<br />
convenient magazine that you can access when you are ready.<br />
Ready to dive in?<br />
Enough said. You know the drill.<br />
@Pixeltoy<br />
Cyberobama @mirandaparkeer
Nimbus @arteovni
PROBABLY<br />
@sp00n1cus<br />
40.4k followers<br />
My favorite Discord quote of the day:<br />
"If you guys just tweeted<br />
more FP would be better"
Keep your eyes on...<br />
ALPHA LIONS<br />
PixelPenguinDAO<br />
Secret Sphinx Society
Linkkzyy<br />
Furry Orcs<br />
Introductory Information:<br />
The art is just so consumable imo. Some people dislike AI based art but I just think these things are so<br />
adorable and well crafted that most people will see some cuteness in them. The team seems to be marketing<br />
and expressing their thoughts well and in a vocal manner and they have an interesting plan in the<br />
Roadmap.<br />
Stake 2 Orcs for 60 days; Receive an egg & baby orc.<br />
You can then slowly upgrade this baby orc to level 10 using the native token; higher the lvl, more<br />
tokens earned.<br />
Once your baby orc hits lvl 10 you can then purchase attributes to put on your baby orc and -<br />
customize it. After all this, you can then scan your baby orc into AR or get it ordered as a realistic<br />
3D figure. I find this so bullish because you can essentially build your own mini figure w/ traits<br />
you’ve selected.<br />
After this they envision going further but for now this is the core concept, with a small supply of 2222 of<br />
these, I can see them pumping as 2 have to be staked together for 60 DAYS to get your egg. Likely meaning<br />
the supply will squeeze very rapidly as more people aim to get their baby orcs.<br />
Pros:<br />
Art is very adoptable and conveys an emotion or thought to you.<br />
Vocal team, talking about things relevant to the project + Spaces.<br />
Good organization between Discord & Twitter, minimal clutter.<br />
Massive supply squeeze rooted in the project's utility.<br />
Solid core values.<br />
Organic growth appears.<br />
Cons:<br />
Lack of call to action / community driving in the roadmap / ideas.<br />
No website.<br />
Would love deeper dives on the team; 3 line backgrounds doesn’t really allow readers to attach themselves to the<br />
team or feel a depth to their person.<br />
Conclusion:<br />
I like it a lot, I think they're cute. I think this team is totally<br />
on the right track to building something really cool even if<br />
it’s a little more niche. I also think a lot of holders may find<br />
themselves sentimentally attached to the NFTs once they<br />
have a mini figurine that’s been tailor made to its exact<br />
traits and so on. I think this project has a lot of depth to it.<br />
From waiting 60 days, to raising the baby orc and so on. I<br />
think it’s super intriguing. There’s an inbuilt supply squeeze<br />
as well so It’s likely to see favorable price action with time.<br />
I think with the team providing some more depth on themselves,<br />
a dope website, and really finding ways to get the<br />
community involved, this first installment of the roadmap<br />
may only be the beginning of something dope.
Porky Island<br />
Introductory Info:<br />
I uh- look. I don’t have any information on this, idk what is going on or what they’ll do but<br />
the art is so ugly it becomes funny and the almost exclusive auditory + visual marketing<br />
campaign is just so degenerate and funny.<br />
I think these pump off meme factor or the development of a very niche community, overall<br />
this shit is just funny as hell and there’s 0 harm in being early.<br />
Also bonus points for;<br />
Very active and vocal founder in twitter spaces.<br />
Unique marketing idea with these weird dumb singing videos.<br />
Truly bear market, goblin town vibes.<br />
Art being idk, good? maybe? idk LMAO.
zibbo
zibbo
yobaninja
yobaninja
@SecretSphinxes<br />
Project royalties— once again in the spotlight. Sounds<br />
like time for another thread from the project who<br />
played with royalties before anyone else, nine months<br />
ago. Here’s why we did it, what we’ve learned, and<br />
how we survived and thrived without team royalties:<br />
First, some backstory: Our Sphinx collection minted on<br />
Jan. 13th, 2022, with 5% royalties, but with a twist—<br />
our custom mint contract allowed us to bind every<br />
minter’s wallet to the specific NFT they minted, meaning<br />
all our minters have received secondary royalties<br />
since mint.<br />
Since then, they’ve received over 1,000 Sol in secondary<br />
royalties, over 2/3rds of our original mint proceeds.<br />
Our core roadmap design allows for the creator<br />
wallet address to be swapped out, meaning new holders<br />
can ‘steal’ the royalty binding for themselves!<br />
Experimenting with royalties so long ago was a massive<br />
leap into the unknown, and the re-binding game<br />
theory of catch-and-release allowed us to collect<br />
market data for months on how people chose to trade<br />
when they knew they could control the royalties on<br />
their NFT’s.<br />
What we learned: -Long-term believers don’t see value<br />
in royalties because they aren’t selling often -A small<br />
% of nft’s get traded more because they cycle through<br />
flippers’ hands -Not taking any royalties for the team<br />
requires extremely precise treasury management<br />
The last point is key in this new, 0%-royalty landscape<br />
that we seem to be entering. Proper treasury management<br />
is now critical to projects’ survival.<br />
Things like: -Runway projections -Estimated gross/<br />
net revenues -Transparency reporting are critical to ensure<br />
that investors/holders know the team’s financial<br />
standing and can make appropriate investment choices<br />
based on those numbers.<br />
Projects will also need to either: -raise mint costs to<br />
fully cover their expected build, ship, and delivery<br />
timelines -create revenue flow from business activities,<br />
either ad-hoc or from full-time work in order to be<br />
able to build out a full team of mods and other staff.<br />
Another effect of this shift will be on project development<br />
and team hires. Plenty of projects in the space<br />
hire third-party developers to create their project<br />
infrastructure: staking contracts, gamified contracts,<br />
new mints, etc etc.<br />
These will all need to be appropriately budgeted for,<br />
but less royalties/funds will force teams to hire cheaply—<br />
leading to more unaudited contracts, more potential<br />
drains, and potentially less quality of development.<br />
Third-party devs are already scarce as it is!<br />
Where this is most detrimental is to pre-existing projects.<br />
They’ll need to drastically reconstruct their budgets in order<br />
to reflect the lack of royalties, especially if they’re: -older and<br />
have higher FP -have large teams -don’t have an external revenue<br />
source yet<br />
New + unminted projects can more readily adapt to this<br />
change and may even start to outperform some of the established<br />
projects, as they struggle to adapt quickly enough. In<br />
any case, it’ll be a massive catalyst for a new era of project<br />
organization.<br />
Returning to revenue streams for a second— We’ll likely see<br />
stuff like ‘casinos’ and ‘launchpads’ and ‘accelerators’ become<br />
standard, as projects hunt for a consistent revenue stream.<br />
The market may become saturated in these, and quality may<br />
start to suffer in turn.<br />
Make sure you’re asking the right questions to teams, especially<br />
when development and contracts are involved. Inexperience<br />
can lead to fatal errors when dealing with contracts, and for it<br />
to be done right, make sure they’re spending enough capital to<br />
pursue top tier devs!<br />
In the same vein, projects that will have a huge advantage in<br />
this new era will be those who are owned by devs. In-house<br />
development will become an intangible premium, since projects<br />
won’t have to hire out, can pivot on the fly, and will have<br />
more treasury to wield.<br />
We’re grateful to be in a position where our actions 9 months<br />
ago gave us the experience, we need to navigate this new 0%<br />
royalty landscape. It’ll be interesting to watch teams find solutions<br />
to revenue streams like we did and adapt in ways that we<br />
never thought of.<br />
Some projects will fail. This is an inevitable truth of entering<br />
into a 0% royalty meta. We don’t wish failure on anyone or any<br />
project, but it’s important for us as a space to realize this is<br />
more a reality than ever before, and to prepare for this accordingly.<br />
Some projects will succeed brilliantly, too, and personally I’m<br />
excited about the possibilities. We’re proof that projects don’t<br />
need royalties to survive and thrive in the Solana ecosystem,<br />
and we’d love to share our experiences with everyone so that<br />
everyone is better prepared.
@redacted_j<br />
Does BMW feel like it owes me something? No. It does not. But I have one sitting in my garage. However, when I talk<br />
with NFT creators, they often feel a sense of obligation towards holders, like they constantly owe them “the work” and<br />
“the growth.”<br />
What’s the difference? I’m a customer of BMW, you’re a holder of a shiny Ape. Why isn’t BMW doing twitter spaces giving<br />
me updates all the time? Why do we demand so much of companies like DAA but not of BMW?<br />
This is because the relationship between the holder and creator and customer and corp is different. And I think it comes<br />
from the royalties. The holder is agreeing to give the creator the cut, in exchange for the work from them in growing the<br />
price.<br />
Only now they’re not giving the cut anymore. They want all the effort for none of the pay.<br />
If that’s the case, if the cut is zero, then what do they, the holders, become to the creators? Just a customer. Just as I am<br />
to BMW. The economics are the same. A one-time purchase, followed by a secondary sale of the NFT is the same economically<br />
as the car market.<br />
The holders are still making big bets on which NFT companies will provide the best value. And NFT companies still need<br />
to provide it. But NFT companies are no longer “in bed” to quite the same extent with the holders.<br />
So now NFT creators have a new incentive: To try to sell goods and services to the holder that the holder wants to buy.<br />
Whatever that might mean. It’s going to be different for every community. Because if they don’t, they make no money.<br />
Following the allegory, BMW wants their resale values to be high because it keeps their primary purchase prices high,<br />
so they produce long-lived products. They want that rep. But they don’t need royalties to have that incentive. (Actually,<br />
their repair bills are insane).<br />
I think this is a better system than one where the NFT creator is incentivised to help current NFT holder find newer NFT<br />
holders at greater price. Sure, that works for a little bit but there is only really a few NFT collections that has survived<br />
more than a year on it.<br />
Now, one could argue these incentives are one and the same, really, but I’d say no. Right now, some projects on Solana<br />
move >500k a month without ever selling a single product. That’s a hell of a lot of inertia to prevent real product innovation.<br />
If you want to see a brand really scramble, take their revenue to zero, but leave them with all the eyeballs and holders<br />
they had before. Trust me, they will come up with some beautiful and amazing product lines that increase the value of<br />
the brand for everybody. It’s Darwinism.<br />
The problem is that the drive to zero isn’t happening fast. Like the frog in the pot, it’s happening so slowly that they think<br />
they can stop it by conjuring up parlor tricks to halt the progress. By the time they realize it’s too late, it’ll be too late for<br />
most of them.
@SolanaSensei<br />
SOLANA NOSTALGIA<br />
For those of you who were not able to experience the birth of Solana NFTs, I would love to describe to you how the<br />
space looked like back then and tell you about a few of my experiences as a Solana OG. If you are a Solana OG, this may<br />
be very nostalgic.<br />
SOLANART<br />
@SolanartNFT was the first marketplace in Solana created by SolPunks founders and initially used for @PunksOnSolana<br />
only. All trades were done through Discord or Telegram prior to that. As Solana NFTs began to expand, they integrated<br />
other SOL projects.
SOLPUNKS<br />
Solana NFTs started with SolPunks. They were the first Solana project to to sell out. They generated the initial hype and<br />
momentum that triggered the entire Solana NFT movement. The SolPunks hype attracted the first ETH whales and big<br />
investors in Solana.
SOLBEARS<br />
SolPunks<br />
SolBears are one of the most legendary rug pulls in Solana. They were the first ones to pull a big hard rug on Solana<br />
thanks to the infamous Yogi. Sensei and many SOL investors lost a huge bag with these bears.
SOLLAMAS<br />
Another OG project that was temporarily very profitable for many was @SollamasNFT. They messed up various things<br />
during their mint. There was a lot of FUD in regards to a few decisions made by the team, but many managed to flip<br />
them for very nice profits.<br />
SMB (PART 1)<br />
One of the most recognized projects in Solana was and still is @SolanaMBS. OGs know that the minting experience in<br />
the early days was horrible. Discords were pure FUD. I believe we waited about one or two days to receive our SMBs.
SMB (PART 2)<br />
SMBs were CRUCIAL for SOL NFTs. At one point, aliens were going for 20 SOL and skellies for like 35 SOL aprox in discord<br />
chats. Sensei paper handed many SMBs. I would have $1 million extra if I sold at the top. No regrets though, this is part<br />
of the game.
DAA (PART 1)<br />
I can confidently say that DAA probably had the greatest impact in all of Solana NFTs. Their Twitter account had more<br />
followers than any other SOL project had prior to the minting. Their marketing strategy was unlike anything we had seen<br />
in Solana.
DAA (PART 2)<br />
While I was in Bali, my friend received a call while he was sleeping. He came running to my room to wake me up for the<br />
mint. After the team changed the minting date and time various times, Sensei managed to mint 12 apes. (I bought a lot<br />
more apes after)
DAA (PART 3)<br />
I was never so confident in my FP predictions for this project. This was the start of a new chapter in the history of Solana.<br />
These were some of the best days I ever had on Solana. FUD and negativity were pretty much inexistent.
DIGITAL EYES<br />
Another marketplace that temporarily had a huge impact in Solana NFTs was @DigitalEyesNFT. Solanart was very selective<br />
with the projects they listed, so many of the projects that didn’t make it would get listed here. (There was a lot of<br />
random bs)<br />
SOLANA ECOSYSTEM These images are for TRUE OGs. We thought the SOL ecosystem was growing so fast when these<br />
images went “viral” back then. We can’t even fit a fifth of the SOL ecosystem in one image anymore.
SOL REACHES $100 Solana hit $100 for the first time in history exactly 1 year ago. - August 30th, 2021 The speculation<br />
surfaced majorly because of Solana’s Ignition teaser video, which featured a purple flamed lighter.<br />
SOL INFLUENCERS Many influencers were here since the early days,<br />
but most weren’t. Imagine all the big SOL influencers with less than<br />
10k followers. I believe @SOLBigBrain was the first SOL influencer to<br />
reach 10k. Also, shout out to @SolanaLegend<br />
THUG BIRDZ Another legendary OG project with one of the most<br />
insane Solana NFT communities was Thug Birdz. At one point Thug<br />
Birdz went above 137 SOL floor price. This limited 3333 collection<br />
was very easy to pump and OG holders were not willing to sell.<br />
EXTRA OG MENTIONS<br />
@FRAKT_HQ @KaijuCards @AuroryProject @BoldBadgers @ApeShitSocial @SolDogeNFT @peskypenguins @Galactic-<br />
GeckoSG @SolariansNFT @kreechures @RogueSharks @unirexcity @FamousFoxFed @AbstraticaNFT @ROXcollective
VWPNY
VWPNY
theartfulaaron
theartfulaaron
TemplarKids
yobaninja
SurrealBurak
atrdynn manfeelzs
mauricedotxyz
Odyssey
Odyssey
mauricedotxyz
antiwagmi
antiwagmi
andryaniade
andryaniade
dixhimself
dixhimself
dixhimself
dixhimself
destroyxstairs
destroyxstairs
407Atelie
407Atelie
407Atelie
407Atelie
sal_reload
sal_reload
NekoMeawNFT
NekoMeawNFT
mirandaparkeer
manfeelzs
manfeelzs
manfeelzs
manfeelzs
Minako_Chan2099
Minako_Chan2099
Pozer___
Pozer___
24Kenva
BostonGRL
S0Ltoshi
S0Ltoshi
S0Ltoshi
atrdynn
atrdynn
avekno
ilkep
2<br />
Linkkzyy<br />
Analyzing A Project’s Merit’s Post-Mint.<br />
The Fun Bit.<br />
Social Sentiment: To avoid rewriting the whole bit, apply<br />
this stuff here. Who’s looking at the project, what’s got<br />
people excited about it, how many people and so on.<br />
Under this I would also keep my eye out for expansive<br />
projects, by this I mean things like DeStables. Community<br />
ran projects which add onto the expansion of the<br />
brand/project itself. Additionally look for things like<br />
custom items/collectibles being made; custom versions<br />
of NFTs, custom shoes, clothes and so on.<br />
Numbers & Metrics<br />
Prefacing this by saying, personally I hate TA for NFTs. I<br />
don’t think charting NFTs is a valuable way to trade specifically<br />
when they generally cycle around news rather<br />
than anything else.<br />
If TA still fancies you, the one value I find is figuring out<br />
which price barriers have the largest amount of listings<br />
(aka, resistance). I would recommend doing this regardless<br />
as it offers you an opportunity to sell at the resistance<br />
and rebuy on a potential drawback for cheaper<br />
and netting a neat profit already.<br />
One thing to note when looking at resistance is the<br />
speed of liquidity. If you hit some form of resistance in<br />
FP and liquidity flowing in begins to slow it’s worth listing.<br />
It is very likely that trading bots and people will see<br />
the halt and begin listing/dropping the floor. However,<br />
if liquidity is high; you may just get steam rolled out of<br />
your position.<br />
NFT Inspect: This can be a very valuable tool for reasons<br />
beyond influencers swinging their willies in a battle of<br />
who’s more narcissistic. Observe the community rankings<br />
category. It gives you access to how many unique<br />
individuals are rocking a PFP under this collection but<br />
also the reach.<br />
If you have a collection of say 10,000 and 60% of the collection<br />
is uniquely rocking their PFP with a community<br />
reach of 30% but their floor price is 2 SOL it would be a<br />
buying indicator alone.<br />
However, if the project has a large community reach but<br />
a lackluster amount of unique PFPs; this is not particularly<br />
a buying indicator, it’s more likely that an influencer<br />
or person with a large platform is rocking it, which can<br />
be nice, but it is nowhere near as useful as 2-6,000<br />
people on the timeline marketing the project with each<br />
tweet, reply, Twitter space, etc.<br />
HelloMoon Smart Money: This one is a given nowadays,<br />
so I won’t go into depth but it definitely has its<br />
strengths. Make sure you don’t get caught in a short<br />
term play that will dump on your head. Be proactive.<br />
Liquidity: This is the most important thing with NFTs because<br />
it dictates the value of literally everything. Your floor<br />
can be any price but if there’s no liquidity purchasing at that<br />
set price, it’s not really the floor price. Always keep track of<br />
liquidity flowing into the things you are interested in buying<br />
and if you see slow trends or a gradual daily increase, it’s a<br />
good sign that there might be more coming in the near future<br />
Ask Questions: Try to talk with the team, talk to influencers,<br />
talk to people on the timeline, try to perceive what the mood<br />
is towards the collection. Why are people buying, why are<br />
they bullish and talking about it?<br />
Buy the Rumor, Sell the News<br />
This is a pretty common trading style and is usually successful.<br />
I would not advise following it word for word, but the general<br />
premise is useful in this space.<br />
If you see a project that might be under the radar or slowly<br />
creeping up in terms of volume, NFT Inspect or discussion,<br />
it’s a great opportunity to look into the project and figure out<br />
what’s coming next. Almost every bit of big news/announcements<br />
for projects results in a positive price action even if it’s<br />
10-20%. Taking advantage means you’ve just made a neat 10-<br />
20% for simply being aware and selling to the latecomers.<br />
Quality Assurance<br />
I talked about this briefly in pre-mint analysis, but it’s always<br />
good to look for quality insurance on the things you buy into;<br />
- Are the marketing graphics dated?<br />
- How does the website look?<br />
- Discord ugly as shit and hard to navigate?<br />
- Is the staking platform well made?<br />
Tokenomics/Coins<br />
This is something I don’t see talked about enough with<br />
projects implementing staking and native tokens. Why. The.<br />
F*ck do you think tokenomics made from anything less than a<br />
professional mathletics gamer is worth betting on?<br />
It is such a core and key component of their ecosystem and it<br />
requires INTENSE math and thorough design to actually make<br />
not only a unique but sound tokenomics structure.<br />
Don’t have faith in some monkeys releasing a coin without<br />
proper design. If they are cutting corners, being lazy, or overtly<br />
stingy with their funding, none of these are good signs.<br />
Overlap w/ Pre-Mint<br />
There’s some themes which obviously overlap which are as<br />
follows<br />
Is the art good?
Is the team experienced?<br />
Are their plans worth buying into?<br />
Is there a vocal leader?<br />
Socials? (Discord, Twitter etc)<br />
Long Hauls<br />
If you have conviction on a project, then I wouldn’t concern<br />
yourself with trying to get an absolutely bottomed<br />
price. Make the market come to you. Bid, wait for drops<br />
and so on, but don’t keep yourself waiting on something<br />
you wanna vault, it can burn you.<br />
Quickfire/Basic Advice;<br />
Don’t fade metas and market trends. If you see it forming,<br />
follow it. Eg, the early 2022 Branding hype. Late 2021<br />
Utility hype. Going against the grain won’t necessarily<br />
burn you, but it will restrict your ability to make money.<br />
Don’t fade 1/1 Art. This is a subjective thing, but definitely<br />
check it out, it may be worth it down the line.<br />
Organization is key.<br />
If you hate reading, use Chrome extensions such as Swift<br />
Read to speed up the process.<br />
If you can code, I’m sure you can build programs to speed<br />
run processes and organize better.<br />
Always try to ask the team questions. Put the gas on<br />
them a little bit. You may not like their answer but if their<br />
response feels controlled and calculated, assume they’ve<br />
got a good pulse on what they’re doing or will present it<br />
as such.<br />
Always think in the mindset of the general population. It’s<br />
not truly about whether you really like the art, the ideas,<br />
or the team. It’s about if they are consumable on a broader<br />
scale.<br />
Don’t avoid placing bids, there’s always an opportunity to<br />
snag an NFT cheaper by slapping a bid on.<br />
You’re not bound to sell the top, you’re supposed to sell<br />
for profit. If you hit the top great, if you sell before the<br />
top you’ve still profited, don’t be harsh on yourself.<br />
Have clear goals in mind when trading. What $ Value or<br />
$SOL value do you aim to hit? Work towards it. If you hit<br />
it, celebrate it and set a new goal. I found myself constantly<br />
moving goalposts and felt an endless cycle of “I’m<br />
not doing good enough”. Avoid this.<br />
Security is paramount in this space;<br />
Don’t click random links. Ignore any NFT you receive<br />
that you didn’t buy or trade for. Legitimate projects do<br />
NOT randomly drop NFTs. Always check with the project<br />
before interacting. Generally avoid 2FA linked to a phone,<br />
opt for email. Use a hardware wallet if possible.<br />
Tools Worth Using For Trading<br />
NFT Inspect Collections<br />
Hello Moon<br />
Solswatch<br />
Anything Famous Fox<br />
Netrunner - From what I’ve gathered this is the best tax software<br />
native to Solana.<br />
Sol Decoder - Specifically the Fox Alerts. Gives you the ability<br />
to get in on WL Token markets early.<br />
Yawww - An option for royalty evadoooors.<br />
ME Analytics - I find these at times clunky, but they can be<br />
worthwhile on the fly.<br />
Trading Bots - These aren’t something I can endorse, but if<br />
you want them, you can find them.<br />
Must Use For Alpha Hunting<br />
#1 NOTION - You can LITERALLY get a free personal notion. It<br />
is SO. SO. SO key to be organized in this space, it moves like<br />
lightning and the more capital you accumulate the more NFTs<br />
you will be buying at once. Having an organized notion will<br />
allow you to track not only what you’ve bought & hold, what<br />
you’re considering buying and also the projects you need to<br />
research or are researching.<br />
On-top of this, you can get an IOS App and Desktop App.<br />
Have an, “Oh I gotta do this” while out thought? Slam it in<br />
the to-do-list you’ve made. There’s pretty endless management<br />
softwares out there, so feel free to look for something<br />
which may suit you more. Tiago Forte offers good insight on<br />
this.<br />
Solana Calendars/Upcoming mint trackers.<br />
Howrare.is<br />
NFT Calendar<br />
NFT Solana<br />
Hyper Space<br />
NFT Evening<br />
Mercury - This isn’t half bad for looking at projects which<br />
have just been onboarded to Mercury’s WLing service. Can<br />
occasionally find a hidden gem before its WL slots fill up and<br />
snag an early spot.<br />
Magic Eden Launchpad - Similar to Mercury, it’s widely<br />
known, but you might occasionally stumble on some juice<br />
keeping up to date with the projects running through this in<br />
advance.<br />
Influencer Following Lists & Liked posts:<br />
This is a bit obscure, but for many influencers they will<br />
receive loads of DMs daily from upcoming projects. If they<br />
are anything like me, they usually follow every single one<br />
that looks like it has merit from a first glance look. Tracking<br />
some influencer’s recently followed accounts may help you<br />
get ahead of the curb. Similarly, they get tagged in a bunch of<br />
shills every day and they may like some of these. A quick look<br />
at likes can provide some dope insight. I wouldn’t say either<br />
of these are the most efficient or useful ways to hunt some<br />
quality alpha, but the options there.<br />
DAOs & Groupchat; These went very unnoticed until the last<br />
few months, but forming GCs with people in multiple DAOs<br />
(eg, a SMB, a Taiyo, a Degod and a Boogle) can potentially<br />
give you indirect access to all 4 DAOs and can feed each other<br />
any information or alpha inside of them in a mutually benefi
cial manner. Similarly, you can buy into a DAO or just use<br />
a DAO you’re already in.<br />
But Linkkzyy, I’m aware of this stuff and use it already,<br />
where is the juice?!<br />
Well, here’s the alpha hunting tactic that has helped me<br />
find almost every sleeper, stealth, degen mint I've profited<br />
off early.<br />
Videos can’t be directly attached; so find the youtube video<br />
here- https://www.youtube.com/watch?v=h1L6ijiS5Ds<br />
Project Spotlight<br />
Once again I want to slap in this disclaimer: nothing here<br />
is financial advice. It’s just a list of highlights of promising<br />
projects with condensed research & ratings. I implore you<br />
to give them your own research and apply some of the<br />
insight I gave you in the above pages.<br />
—Existing Projects Worth Buying—<br />
DeGods, y00ts, Taiyo Robotics, SMB, Blocksmith etc =<br />
Obvious.<br />
Liberty Square: I think the team is way too dialed into the<br />
space and they’re doing a lot of unique shit with a very<br />
experienced CEO in the web2 business world.<br />
Aurory: I’m perma bullish on this team, it’s such a large<br />
team filled with experience and the necessary funding. I<br />
can’t wait to watch them in the coming years.<br />
Sensei Labs: Art is not to my taste but I think if the listings<br />
see some drastic drops we could see a nice pump down<br />
the track much like BlockSmith’s arch.<br />
NetRunner: The only Solana native tax software to my<br />
knowledge and it appears to be the most efficient. I can<br />
see a pretty clear play in buying a bunch and waiting for<br />
the end of the financial year when people need them to<br />
rent them out or sell them for a neat profit. If not; you<br />
have your tax and portfolio management system covered.<br />
Thugmonkez: I can’t believe I’m putting this here in all<br />
honesty, but the team is stacked with connected and<br />
valued people, the marketing has somehow been working<br />
flawlessly even if it’s just shit copypasta, I see these going<br />
higher. Holding the right amount of these gives access to<br />
the upcoming project the Indie Cove which is worth doing<br />
research into.<br />
Lily/Lotus Gang: Don’t fade bunjil.<br />
Obviously there are many good projects out there, but it’s<br />
going to be up to you to do some of your own hunting.<br />
Precursor Discussion to the upcoming mints list<br />
A very common theme I’ve seen throughout my research<br />
is a lot of ambiguity and a lack of voice from the team. As<br />
a result, for some projects there isn’t a lot to discuss and<br />
the bull case has to be centered around how adoptable<br />
and pumpable the art is + the marketing style so far.<br />
Other projects I find to be outstanding and am extremely<br />
hyped to see their progress. Keep an open mind when<br />
looking at these projects and remember this is not financial<br />
advice, this is not the play to buy, this is a document<br />
summarizing those which look promising and allowing<br />
you to digest their content in short format.<br />
Some may also have more “Cons” than “Pros” but always<br />
remember the disparity between the importance of the<br />
point’s which are pros and cons.<br />
Also also; many of these lack mint dates, supply counts and<br />
prices so you will need to track them actively!<br />
Also also also, if a project has a revenue stream in the making<br />
it will be in pros, if they do not, it won’t be there but any<br />
project lacking a revenue stream model should be an instant<br />
con.<br />
Understanding “Alpha”<br />
For those extremely fresh in the space, “Alpha” is generally<br />
considered to be informative and most importantly early<br />
insight into a project/investment opportunity. Alpha is any<br />
discussion that makes you money. Ultimately, money is<br />
what people want in this space, those who say otherwise<br />
are lying or sitting on a life savings grand enough to feed a<br />
small village for hundreds of years.<br />
But let’s hit the deeper notes now: in an investment rich<br />
space, the number one priority you have as an individual<br />
is attempting to remove emotions from short term plays<br />
and bolstering the strengths of your emotions in long term<br />
plays. If you want to hit a blue chip, you need emotions, you<br />
need conviction and sometimes you need to sink with the<br />
ship, just like many DeGods holders did after its brief decline<br />
in late 2021. However, if you want steady cash flow, you<br />
need to remove emotions from short term plays.<br />
Why is this important?<br />
For me it’s quite simple, you need to acknowledge all positions<br />
from an unbiased standpoint.<br />
If someone screams “BEARISH!!” , you need to ask yourself:<br />
why? As a long term holder, you need to think deeper, why<br />
do you think they’re wrong? What can validate that? In<br />
the case your research and thinking supports what they’re<br />
saying and you simply cannot invalidate it, you must make<br />
the decision, will you sink with the ship or will you cut your<br />
losses?<br />
Similarly in a short term environment your feelings DO NOT<br />
MATTER. What is the public sentiment? What does price action<br />
say? What does the liquidity say? WHAT DO THE FACTS<br />
SAY?<br />
Align your mindset and come up with a plan before you buy<br />
into a project so you don’t find yourself over leveraged and<br />
over committed to something which could have made life<br />
changing money, but rather sunk leaving you with pennies<br />
to the dollar.<br />
Alpha can be stumbling on a project with huge potential<br />
early; but I encourage you to be more insightful and think<br />
deeper. This is what will make you more money. Imagine<br />
if you sat down with a friend at the start of this year and discussed<br />
the global economy. You discuss the liquidity flowing<br />
in and out of crypto and NFTs, ask what this NFT hype is<br />
comparable to, and ask how that comparable event transpired?<br />
I say confidently you could have stabled at $120+ SOL<br />
just as I did.
Do not be ham-strung by a vision limited and narrowed specifically to NFTs and even more so NFTs on Solana. Remove<br />
blinders and root your thoughts in authenticity.<br />
You can also look at Alpha through mathematical lenses and what not but I don’t believe NFTs play into the traditional<br />
meaning of Alpha. (Excess ROI after accounting for volatility etc.)<br />
OG Solana Alpha Hunter Turned Builder.<br />
Work w/ @TrippyBunny_NFT @TheAlphaDAO @SolApeFinance
DAM ZINE
DAM ZINE
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Ct21<br />
Allégro by @CryptoVulture<br />
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<strong>SHILL</strong> <strong>Issue</strong> #<strong>78</strong>
Only Sky Is Higher Than Sky by @degenpoet<br />
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Time Machine by @degenpoet<br />
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TV Casualty by @lowbrownative<br />
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Seaside Line No. 2 by @a_masudii<br />
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Wild Strokes IV by @SAJNFT<br />
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Yakuza #21 by @rimamaiw<br />
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Vireo’s Eye by @a_meierart<br />
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Zombie Hours by @degenpoet<br />
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NY State of Mind #3 (Metro ID) #42 by @JTLissPhotoArt<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>78</strong><br />
149
NY State of Mind #4 by @JTLissPhotoArt<br />
150<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>78</strong>
@0xGumshoe<br />
How far are you from Capitulation? NFTs were the only thing keeping the $SOL community alive and<br />
well, but now the castle seems to be falling apart.<br />
Capitulation is a term that defines the moment that an investor gives up and exits the market by liquidating<br />
everything at major losses.<br />
Although the act is just a moment, what precedes it is a multi-month/year long process of continuously<br />
waking up to bad news, loss of liquidity, loss of value and stagnation.<br />
This process is emotionally draining and can lead to depression & other mental and physical health<br />
issues. I’m 2-3 months away from capitulating. However, that makes me highly BULLISH on myself, you<br />
know why?<br />
I have worked on my emotional intelligence long<br />
enough to understand every phase of my emotion<br />
cycle. Right now, I’ve accepted that I won’t be<br />
making as much (or any) money than in last year’s<br />
bull run.<br />
Exhaustion is starting to kick in. In 2 to 3 months,<br />
I will want to give up and just start the year fresh<br />
doing something else. But that’s the thing, I’m<br />
aware, so I won’t give up and it will be 10x easier<br />
to work through those emotions when/if they<br />
come.<br />
The game becomes easier when the mind is<br />
strong. What better time to work on it than in a<br />
Bear Market that pushes your limits? Beat it and<br />
you could achieve wealth that you have never<br />
imagined.<br />
If you leave, where else are you going to find an<br />
investment that has more ROI than Crypto? Nowhere.<br />
So stay, even if you spend 10 minutes a day<br />
checking the news & studying, but stay.<br />
Crypto will change the world, maybe not as much<br />
as we think when the bull run is raging, but it will!<br />
So why leave?<br />
Do you prefer the perspective of having to work<br />
pay-check to pay-check for 40 years filled with regret?<br />
Ask older people about their biggest regrets<br />
and you’ll see yourself in 20 years unless you get<br />
the strength to fight for your happiness.<br />
Write your own mantra and repeat it. Act on it.<br />
Live by it. I know this is something different, but<br />
it’s what made me become financially successful,<br />
so I had to share with you.<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>78</strong><br />
151
@kemos4be<br />
Without royalties NFTs lose 50% or more of their value<br />
proposition.<br />
I will break this topic down into three main sections:<br />
1. Broken Incentives — with royalties as the scapegoat.<br />
2. Disruptive Potential — NFTs have very, very little<br />
without royalties.<br />
3. “Revenue Streams” — grasping for straws & very<br />
shitty replacement for royalties.<br />
Section 1: Broken Incentives<br />
Incentive models have been broken since NFTs started<br />
& they’re only getting worse. I’ll break this down into 3<br />
parts: 1. The Past: Magic Eden & MOPI<br />
2. The State of the Union<br />
3. The Future: Without royalties, it’s worse<br />
S1P1 Magic Eden is a masterclass in revenue maximization:<br />
1. They charge 5-20% of mint to launch. 2.<br />
They receive up to 10% of the royalties on an NFT they<br />
launch. 3. They charge a 2% tx fee to trade on their<br />
platform. 4. They also have VCs. GG, WP.<br />
S1P1: ME launches projects they are heavily optimized<br />
for MOPI (Mint Out, Pump It). This means royalties &<br />
fees become extremely extractive: sometimes even<br />
quadrupling the initial mint take. This was extremely<br />
lucrative for<br />
@MagicEden, especially with projects like @okaybears.<br />
S1P1: The groundwork for the royalty’s debate was,<br />
unintentionally, laid by @MagicEden a few months ago<br />
when they were heavily promoting/marketing hyped<br />
mints & eventual rugs. They optimized their entire<br />
platform & the projects they launched for “Mint Out,<br />
Pump It.” (MOPI)<br />
S1P1: MOPI, a flipping-focused model, was pushed to<br />
the extreme by ME:<br />
152<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>78</strong>
They vigorously marketed botted projects like @ShroudedNFT, @DegentownNFTs, @kingsofdastreet, etc. This led<br />
to obscene extraction via royalties — leaving many to believe that royalties were the “problem.”<br />
NOW. To clarify — I’m not trying to lampoon @MagicEden here. Just giving my perspective. They’ve been stuck<br />
between a rock & a hard place for months, and, they’re now in an impossible position. They built for an unhealthy,<br />
immature, & nascent market & amplified those traits.<br />
S1P2: The State of the Union<br />
1. @y00tsNFT/@DeGodsNFT just farmed ~$2 million in royalties off of an unrevealed NFT, then virtue signaled<br />
“0%” royalties after benefiting for months.<br />
S1P2: The State of the Union<br />
2. @MagicEden is now below 50% market share for the 1st time in 2022 bc of 0% royalty competitor. 3. Creator<br />
incentives are blowing up like a pipe bomb inside of a PO Box.<br />
Quote Tweet<br />
@cryptonent<br />
yes, this 0% royalties will force projects to find revenue streams, but it also leaves no incentive to make the fp go<br />
up or provide any holder benefits. why are you even in NFTs at that point?<br />
S1P2: The SOTU<br />
4. Degens are championing “sustainable revenue streams” in place of royalties even though: • Revenue streams<br />
can’t be shared with holders (SEC) • ME can’t even claim its “revenue” is secure nor sustainable. • BAYC, Moonbirds,<br />
DeGods, etc, don’t have them.<br />
S1P2: The SOTU<br />
5. Metashield & not “owning” your NFT. All of this ends up in a big, disgusting, royalty-farmed soup that ends up<br />
creating a somewhat reasonable justification for removing royalties all together. But it isn’t that simple, not at all.<br />
S1P3: The Future Without Royalties<br />
It’s bleak: Soft rugs will increase. Hard rugs will increase. Mint prices will go up. Free mints will be less frequent.<br />
De-rugs will cease to exist.<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>78</strong><br />
153
S1P3:<br />
1. You’ll get diluted. Why have a limited supply if they<br />
can just keep selling you NFTs?<br />
2. They’ll leave, there’s no incentive to stick around.<br />
3. There’s no incentive to pump floor price except to<br />
sell you more NFTs. 4. It’s just a kickstarter with extra<br />
steps.<br />
S2P1: ALL of the following industries use royalties in<br />
a major capacity & without royalties NFTs have ZERO<br />
potential to disrupt them: — Music (Live & Recorded)<br />
— Video & Film — Art Licensing — Digital Art — Comics<br />
— Audio & Podcasts — Publishing — Journalism —<br />
Live Performance<br />
S1P3: “Nikes don’t have royalties tho.” Yep, and they<br />
make millions of shoes a year to sell to you, justified by<br />
*some* of them having a decent resale price. NFTs also<br />
don’t get dirty or break. They’re a durable asset with<br />
provenance; value over time is best (royalties).<br />
S2P2: Without royalties you won’t be able to onboard<br />
many creators to Web3 whatsoever. The only thing<br />
that has ever convinced any of my “normie” friends<br />
that NFTs are good has been royalties: Art creates perpetual<br />
value & for the first time in history artists can<br />
capture it.<br />
Section 2: Disruptive Potential<br />
1. Disrupting Existing Industries<br />
2. Onboarding Creators & Artists<br />
3. Goodbye Grassroots<br />
S2P2: The concept for a collection from an artist’s<br />
perspective is that they can use the funds to create<br />
something grandiose in scope. Participatory art on a<br />
grand scale. This requires a team, teams require time,<br />
time requires pay. No royalties, no pay overtime. DOA.<br />
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<strong>SHILL</strong> <strong>Issue</strong> #<strong>78</strong>
Section 2: Conclusion. Without royalties you essentially<br />
make NFTs an entirely Web2 product. You pay<br />
a centralized team once and then trust them to not<br />
screw you over even though they have 0 incentive not<br />
to. You stifle innovation. You remove 90% of use cases.<br />
& NFTs suck<br />
S3P2: Revenue Streams: The Meme This is quite<br />
simple: There are no reliable revenue streams in this<br />
ecosystem. As evidenced by Magic Eden losing 40% of<br />
its market share in 6 months. Nobody knows where<br />
NFTs are going — it is idiotic to stifle one of the major<br />
innovations.<br />
S3P2: “Revenue streams” are good — but they are not<br />
a wholesale replacement for royalties. I’ve seen dozens<br />
of pieces of tech made irrelevant in a matter of weeks<br />
by another party. PMF doesn’t exist for more than a<br />
month or two for most projects.<br />
S3P3: A Broken Promise The promise of NFTs was a new<br />
structure of project, which allowed for more flexibility.<br />
Sometimes it was bad, but other times leads to innovation.<br />
Section 3: Revenue Streams<br />
1. NFTs are a Financial Media Asset<br />
2. Revenue Streams: The Meme<br />
3. The (now broken) Promise of NFTs.<br />
S3P3: As we hire devs who do web2 implementations<br />
on the blockchain, and strip away our innovative business<br />
structure (via royalties).<br />
Why would anyone care to make a serious business in<br />
web3 outside of shilling to the hype monkeys, in lieu of<br />
a web2 business?<br />
Right around here you should see a “see more” button<br />
to read the rest of the thread. Make sure ya click it.<br />
S3P1: NFTs are tradable media assets. All major media<br />
conglomerates have huge royalty income. Every commercial<br />
you watch, every movie you see, every song<br />
you listen to is paying royalties to someone, somewhere.<br />
Without royalties NFTs become a worthless<br />
financial asset.<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>78</strong><br />
155
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