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SHILL Issue 96

Solana ecosystem magazine

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SOLANA NFT/DEFI/TWITTER ECOSYSTEM<br />

Aurory blitz<br />

illustriousboy<br />

xdaylon<br />

particlesnft<br />

soltoshis<br />

thesoltoshis<br />

ISSUE #<strong>96</strong><br />

◎0.25<br />

explore the moon<br />

sol_nxxn<br />

solana rugs<br />

tycoonpal<br />

BITB<br />

monkedao<br />

Crouserrr<br />

& MUCH more


4<br />

5<br />

10<br />

11<br />

20<br />

24<br />

52<br />

FROM THE EDITOR<br />

Barndog & Metaverse<br />

10 Aurory Blitz<br />

11 MonkeDAO<br />

20 Solana Rugs<br />

Editions<br />

52 Explore the Moon<br />

ISSUE<br />

<strong>96</strong>


56 Soltoshis<br />

58 xDaylon<br />

128<br />

Monthly Recap<br />

133 Too Centralised<br />

136<br />

Ripple Effect<br />

140 DamMeme<br />

Suga_skies


<strong>Issue</strong> <strong>96</strong><br />

Midway through February 2023 and the 1of1 space seems to be going through a 'lull'. There are days where<br />

you can almost hear the crickets. Curating NFTs for this issue was a bit of a challenge when sifting through FF<br />

and ExchgArt using NEWEST as the filter and being met with the same NFT day after day. Then, along comes<br />

#DAMZINE with their #DamPFP theme for the month to save the day!<br />

A fair amount of articles across the magazine this week with articles from newcomers, including:<br />

Tiensuperman, illustriousboy, sol_nxxn and TycoonPal who have never been featured in #<strong>SHILL</strong>zine previously.<br />

A little insight into the recently launched "Soltoshis" project and where they are going. An 'expose' on Solana<br />

Rugs, by TycoonPal, that must have touched a good proportion of Solana users out there- some of these are<br />

alive and kicking, where's the money? The Particles team hits us with another 'focus-on' the artist xDaylon. All<br />

in all enough reading to keep you flicking through the magazine for the week!<br />

And then there's the NFTs! A bunch of 'editions' NFTs that should catch your attention. Especially if you're<br />

looking to get into the scene on the more thrifty side! A whole section of 1of1 pieces and, of course, the<br />

DamPFP offering that is about to hit the marketplace. Over 100 NFTs to peruse, select, bid on, or buy.<br />

All of this in a convenient 174 page magazine that you can access any time.<br />

A special shout out to Alexandredesane whose piece graces our cover this week. Adesane has been working<br />

his photography craft on Solana since 2022 with his particular style. Some weeks he hits the mark with<br />

great interest drawn to his work. Other weeks he just continues to grind. This week, his shot on the streets<br />

somewhere in France caught my eye and I just had to give it front cover honours. Do yourself a favour and<br />

have a closer look at his work on ExchgArt and FF- his photos are meaningful, original, and definitely an insight<br />

into the human condition.<br />

Finally, as you flick through the pages, your eye may have caught a NEW logo sitting proudly next to the<br />

#<strong>SHILL</strong>zine logo. I believe fresh content and a new slew of readers is about to be welcomed to this magazine.<br />

#<strong>SHILL</strong> is excited to see how we can work together in 2023 to broaden our community and further engagement<br />

in the NFT space.<br />

Your support via retweets helps #<strong>SHILL</strong>zine reach a broader audience. Every retweet is greatly appreciated. It<br />

has helped this magazine achieve 626,986 views across 92 issues (previous week = 620,502 ).<br />

#<strong>SHILL</strong>zine still has pieces listed for auction. Every little purchase helps make this magazine worthwhile.<br />

Listed on both FF and Exchg. UNDER THE PRICE OF A COFFEE! Proceeds go to helping this magazine grow and<br />

become better. All the World's a Stage is live now https://exchange.art/pixeltoy/ and Do You See Me? https://<br />

formfunction.xyz/@Pixeltoy.sol/ The DAMzine Files HERE DAMfiles by #<strong>SHILL</strong>zine HERE Chemical HERE and<br />

Among Us HERE and now on @0xBanana MARKET .<br />

#<strong>SHILL</strong>zine is INDEPENDENT. @Pixeltoy puts it together. The content used is IMPARTIAL. #<strong>SHILL</strong>zine neither<br />

AGREES nor DISAGREES. It is presented in these pages as a reflection of the sentiment at the time. Sometimes<br />

controversial. Sometimes exciting. It is presented in these pages so that YOU make your own mind up.<br />

Pixeltoy


BARNDOG GAMING<br />

Genopets - Minigames Feb 2024<br />

Metaverse Explorer<br />

STAR ATLAS #157 Free Stuff! Check Your Inventories!


@SolamiMamis<br />

12k followers<br />

Crypto millionaire loses it all<br />

... stop me if you've heard that<br />

before<br />

It's not how much money you<br />

make, it's how much money you<br />

keep<br />

JrdnJord<br />

Weekly Recap


EYES ON<br />

ANON<br />

CyberPunks<br />

Secret Sphinx Society


Aurory Releases Blitz Battles<br />

https://twitter.com/illustriousboy<br />

Aurory, the upcoming online gaming platform, has announced the release of a new game mode<br />

called Blitz Battles. This new mode is designed to offer a fast-paced, adrenaline-fueled gaming<br />

experience to players.<br />

Blitz Battles is a multiplayer game mode that takes place in a compact map, and the objective<br />

is to eliminate the enemy. With an automated battle style, all wins are effortless. Players can<br />

earn rewards and level up through their performance in the game. The matches are quick and<br />

intense, making it the perfect mode for players who are looking for a quick gaming fix.<br />

In addition to the new game mode, Aurory has also launched a referral program. This program<br />

allows players to invite their friends to join the platform and receive rewards for doing so. The<br />

rewards will vary, but players can expect in-game items and other benefits.<br />

Aurory’s commitment to constantly improving its platform and providing players with new and<br />

exciting gaming experiences has been one of the reasons for its success. The release of Blitz<br />

Battles and the referral program are sure to keep players engaged and coming back for more<br />

as they continue to build through their open alpha app.<br />

10 <strong>SHILL</strong> <strong>Issue</strong> #95


Crouserrr<br />

in the bear<br />

MONKEDAO<br />

WHO THEY ARE<br />

@SolanaMBS<br />

Founders: @DaddyMonkey_SMB @StephSMB @Kharn_NFT @monkeymt10<br />

Collection size 5,000 (now lower with 3 burns) SMB Gen2 minted on August 3rd, 2021. (What most people refer to as<br />

SMB)<br />

WHO THEY ARE<br />

@MonkeDAO<br />

Council:<br />

@TheOnlyNom<br />

@jemmmyjemm<br />

@supersimon77<br />

@nanospoon<br />

@cryptoFLman<br />

@UndeeNFT<br />

@Crypt0xG<br />

@j5trades<br />

@mauricedotxyz


CURRENT PLANS<br />

We’re building the future of social organizations. We empower our members to contribute and leverage on each<br />

other’s expertise in order to achieve collective success together. If you’re passionate about building the future<br />

and want to be involved, we want you.<br />

12 <strong>SHILL</strong> <strong>Issue</strong> #95


CURRENT PLANS<br />

The Official @MonkeDAO Collection. The art reveal happened in a recent Town Hall, and a proposal is live to approve the<br />

team and art. It’s a brand-new collection.<br />

DAO<br />

The first NFT DAO on Solana. MonkeDAO began in 2021 as a small, decentralized community that shared a love for Solana<br />

Monkey Business - one of Solana’s first & most well-known NFT collections. We’ve attracted the early builders, investors,<br />

& influencers of Web3.


GOVERNANCE<br />

Our governance model focuses on inclusion and empowers all members to participate in democracy. This model has<br />

been continually improved since the founding of the DAO, and has become the de facto standard for DAOs in the Solana<br />

ecosystem.<br />

MONKEDAO BOARD<br />

Every 3 months (known as an epoch), a DAO-wide election is held, where members are encouraged to nominate themselves<br />

& vote on who will serve on the Monke Board.


COMMUNITY<br />

Our most valuable resource. MonkeDAO has implemented the use of the Moonlit platform to issue Quests for<br />

monkes to claim & complete to earn $DAOJONES. This allows the MonkeDAO to use the incredible strength &<br />

abilities of fellow monkes to assist in various ways.<br />

COMMUNITY<br />

The MonkeDAO contributor system is ever-evolving, but is currently administered via a combination of Discord<br />

channels & the Moonlit collaboration & rewards platform. Every transaction the board has ever signed is stored &<br />

viewable on our Realms page.<br />

<strong>SHILL</strong> <strong>Issue</strong> #95<br />

15


VISION<br />

Our vision is to be the premier Web3 community, incubating, investing in and scaling the most promising, exciting, and<br />

ambitious Web 3 projects.<br />

MONKEDAO COLLECTION<br />

The Official @MonkeDAO Collection: The proposed art has over 20 monke body types, organized across 5 different rarity<br />

tiers. Rarer traits are designed to be more desirable.


MONKEDAO<br />

The art has 3 key objectives in mind: 1. Legacy 2. Relatability 3. Appeal The art is iconic while respecting the DAO’s history,<br />

unique while iterating upon the original design, & has top quality & relatable art with diverse traits & broad audience<br />

appeal.<br />

MONKEDAO<br />

The art is easily recognizable, timeless, and perfect for the next generation of the Monke brand. The new collection<br />

includes: 32x32 pixel canvas, Detailed shading, Defined facial features, And they have tails!


MY OPINION<br />

Having just joined @MonkeDAO today with this absolute beauty, i was welcomed with a warm embrace and have already<br />

started expanding the network. I will continue to update with my experience as it goes on!


MONKE GRANTS<br />

This program will help us reach EVERYONE building on Solana just as we did with the Carbon Credit Grant, we will focus<br />

on the development of opensource tools designed to improve the DAO and NFT ecosystems on Solana.<br />

MONKE MERCH<br />

Check out the products online or head to Solana Spaces in NYC/Miami. These are the ONLY places to purchase OFFI-<br />

CIALLY LICENSED MonkeDAO Merch supporting the DAO. The product lines are DIFFERENT between the online store &<br />

physical stores. https://aten.app/monkedao<br />

MESSAGE FROM NOM<br />

“I think it’s great that people are choosing now to join in to MonkeDAO for the first time, that we’re having important<br />

conversations around membership & IP, & that we continue to represent a great community focused on advancing the<br />

space.” -<br />

@TheOnlyNom


@TycoonPal<br />

Exposing 9 Solana rugs & how much money they stole let’s get into it<br />

TL:DR 1. DegenTown 2. Degen Dojo 3. BossBullsClub & Teamtuskers 4. Yeah Tigers 5. CopeTown 6. GatorSquad &<br />

MonkishRebelion 7. SoDead 8. Conclusion<br />

DegenTown<br />

Not possible to forget them, hyped all over twitter by our favourite NFT marketplace MagicEden, they said no roadmap,<br />

delivered exactly on their promise. They minted 8,000 NFTs for 3 SOL apiece, cashing out $923,000. Wondering who got<br />

fired at ME for this one.<br />

20 <strong>SHILL</strong> <strong>Issue</strong> #95


Degen Dojo<br />

Shoutout to all the MagicEden workers shilling it and dumping bag right before the founder disappears. The team had<br />

talks with ME to launch gen 2 on their launchpad which makes you wonder what was happening there. Yes they were<br />

building, building into a rug.<br />

BossBullsClub & Teamtuskers<br />

Over $4,000,000 stolen while both belongs to the same group of people. Marketing campaing with web2 influencers,<br />

promises of upcoming Dubai parties, you know how it ends. If you don’t know TA no worries, I think you can see where<br />

they are headed.


Yeah Tigers<br />

“A beautiful brand built on the love of tigers” One of the many brands that launched after the massive OkayBears hype,<br />

art is stolen. The owner never talked to the community, every copy paste art projects is made to rug. Yeah Tigers? More<br />

like Rug Tigers.<br />

CopeTown<br />

Do you remember them? Well they are the one that your favoruite influencers kept on shilling even though the whole<br />

community predicted that it will be a rug. Proof that NFT traders will buy anything even if they know that it’s a rug, only<br />

flipping matters.


GatorSquad & MonkishRebelion<br />

Both of them belongs to the same founder, promises from left and right regarding their own P2E, none of it came to life.<br />

They were absolute garbage.<br />

SoDead<br />

It was Arsen Aharonyan, founder and the guy who told you that it will be a safe place for your life savings after their<br />

half-stablecoin mechanism changes the world. Cancel all the influencers who made bullish sentiments on them after<br />

receiving their paycheck.<br />

Conclusion<br />

We gave away millions to clear serial ruggers at the chance for us each to make like, $100 in a flip. Solana needs to mature<br />

heavily. Over $10,000,000 million stolen by the above mentioned 9 projects.<br />

<strong>SHILL</strong> <strong>Issue</strong> #95<br />

23


AmeT


BeverlyKills


Crowdedpiko


EMCN


Neverland


Elliot_Grogan


Yelojoquemira


Suga_Skies


ahoycarolina


artpardini


airforcetuan


airforcetuan


lockdave


LowBrowNative


noisycoyote


ich_herrmann


snuArt4


shadoss


singularity66


yobaninja


El_Metallico


sol_nxxn<br />

Nxxn explores the Moon №1 @_AnonNFT<br />

I’m just starting new format in twitter where I will be doing reviews on some projects and drop interviews with founders.<br />

And first one will be upcoming mint - Anon Let’s start<br />

Anon - what is it?<br />

Anon - strong brand backed by experienced people in the web3 and focused on long-term value through utility, community-building<br />

and quality software. Anon is building already more than 4 months and their previous project was @<br />

GhostKidDAO @GhostFDTN<br />

Who’s behind the Anon?<br />

@ShadowwGKD and @GhostyGkd<br />

Both doxxed to @MagicEden<br />

These guys already built Ghost Kid ecosystem and community very successfully and now they are moving forward with a<br />

new big project. Founders have been working together for many years.


Plans and future ambitions<br />

These guys are investing in people, that’s why after the mint the majority of money will be spent on hiring quality staff<br />

members. They are planning to develop all things in the best possible way and provide smoothest user experience ever.<br />

Art<br />

Artist of @_AnonNFT is @Anderlaxe<br />

If you know him, you already can imagine how good it is. He came from 1/1 space and drew all collection. These masked<br />

characters look amazingly clean and I truly believe that Anon artwork can become one of the best on Solana.<br />

Mint funds<br />

•35% - Team expansion<br />

•30% - Roadmap<br />

•15% - Team salary over a year<br />

•10% - Reserve fund<br />

•5% - Artist<br />

•5% - Legal cost & company registration<br />

That’s how funds will be spent, as I said - biggest part of the money will go for the<br />

team expansion.<br />

biggest<br />

part of<br />

the money<br />

will go for<br />

the team<br />

expansion


Mint<br />

The mint will take place on Feb 15, on @MagicEden<br />

Supply: 10k Mint price: 5-6 SOL<br />

Pros and Cons<br />

Pros<br />

1. Experienced team with big knowledge about Solana NFTs<br />

2. Wonderful artwork<br />

3. Openness of founders<br />

4. Back-up plans for any event outcomes<br />

Cons<br />

1. Not much info about software and main products yet<br />

2. Relatively high mint price for today<br />

If you want to hear more info about @_AnonNFT- you can listen/watch first episode of my podcast on YouTube.<br />

@ShadowwGKD and I discussed Anon mint in details. https://youtu.be/w7WGNOBF-oo


THE<br />

https://twitter.com/TheSoltoshis<br />

The soltoshis is an exclusive collection of 4,844 animated nfts on solana, backed by a top team of nft<br />

collectors, artists, designers, animators, and community builders.<br />

LORE<br />

ONCE UPON A TIME THERE WAS A GROUP OF PEOPLE WHO DEDICATED THEIR LIVES TO SEEK THE<br />

ULTIMATE POWER.<br />

56 <strong>SHILL</strong> <strong>Issue</strong> #95


After a long time of searching for it, a group of yokais, seeing their talent and perseverance, approached them<br />

and granted them unimaginable mystical powers in form of masks... And that’s how the soltoshis were born, a<br />

group of humans with yokai powers and superhuman abilities, capable of controlling the 4 elements at will and<br />

defeat any enemy by wearing their masks...<br />

But… at what cost?<br />

TRAITS<br />

The thanoshis are holders of every single power… these guys (as the name suggest) hold an immesurable<br />

power and direct weight on the direction of the project.<br />

Not only that, a thanoshi will yield exponential rewards in comparison to single powered soltoshis.<br />

Thanoshis will also have an exclusive channel dedicated to the big brain conversations .<br />

There are hidden forces that can bestow you with extraordinary advantages concerning the $solmi coin.<br />

Unlocking these powers will give you a competitive edge and the ability to maximize your investments and<br />

utilities!


@ParticlesNFT<br />

When @xdaylon set out to release a PFP series back in January 2022, his wanted to create something unique. In<br />

a sea of generative apes and other critters, ‘Chain Walkers’ stood out and inadvertently established itself as an<br />

OG 1/1 PFP series on Solana.<br />

58 <strong>SHILL</strong> <strong>Issue</strong> #95


With an art journey that began in 6th grade, @xdaylon began to explore his creativity through music, traditional art and<br />

3D modelling. In college he started to take on commissions from gaming communities, and he was soon introduced to<br />

the NFT world for the first time.<br />

Once he got his hands on a tablet, @xdaylon quickly discovered digital art and became obsessed. With the effects on<br />

society and the isolation that came with the Covid pandemic, he begun to explore themes he describes as ‘beautiful<br />

nightmares’.


This drive to create beautiful paintings, only to paint nightmarish scenes over the top of them, was carried over to the<br />

‘Chain Walker’ series. In doing so, @xdaylon has established a style and PFP series which instantly recognisable and is<br />

truly his own.<br />

With plans to continue to reward his holders and community into the future, @xdaylon has proven himself to be an iconic<br />

artists and a pioneer in the space. We’re excited to welcome @xdaylon as a collab artist and look forward to watching<br />

his work continually evolve.


Particles NFT


DAM ZINE


DAM ZINE


0x_Rxgue


AQMALAMQA


Anindito Wisnu


Apez


Artchives


Basket


ChewingNFT


Crowdedpiko


Crowdedpiko


Degen Poet


DenysCano


Gitochi


GossipGoblin


Infinite_Riot


Liege Muller


Liege Muller


MEK


MariliaHart


Mystic Journey


Netorious


Priceless Titans


SOLTRAPPER305


Solcity Radio


Tuna Tura


Vandalized


Adesane


arcmikkelsen


Adesane


arcmikkelsen


arcmikkelsen


arcmikkelsen


arissamaa


artbypiatt


artpardini


ebro


gasparian


gasparian


hell


lollygagdesign


LowBrowNative


nyleArt1


oummie


ozgeth


ozgeth


eso


sonyaillust


svofshahr


toonies


vaztified


yns_gh


Joyhog


Pixeltoy.sol


Pixeltoy.sol


gumshoe<br />

This Week we look at the most recent metrics on Solana DeFi.<br />

At the time of writing, the Solana market cap is $7.8 billion with a 24-hour volume of $800 million. The price of SOL<br />

is $20.93 and its market dominance is 0.77%. The Total Crypto Market Cap is $1.02T, down 4.2% in the last 24 hours.<br />

Summary<br />

• Introduction<br />

• Token Price<br />

• Total Value Locked<br />

• DEX Volume<br />

• Daily Active Addresses<br />

o Drill-Down to the Protocol Level<br />

• DeFi Majors Market Cap & Growth<br />

• Priority Fees<br />

• Conclusion<br />

Introduction<br />

In our last State of DeFi piece, we covered the BONK rise to fame. Almost one month later, we will cover data suggesting<br />

a different picture. Although certain metrics such as TVL have not yet shown a complete recovery, others are signaling a<br />

comeback in DeFi, which counters the narrative that the downfall of SBF and Alameda/FTX ruined Solana DeFi forever.<br />

Data shows that the sentiment around Solana has considerably improved since January 1st. In addition to a revival of the<br />

Solana DeFi and NFT ecosystem, the overall sentiment in Crypto shifted from panic to greed in January, fuelling a broad<br />

rally in most crypto assets.<br />

Today we will dive into the current State of Solana DeFi with the latest on-chain data and the most relevant news of the<br />

week.


Token Price<br />

Like most major cryptocurrency assets, Solana went through a period of increased volatility to the upside, following the<br />

momentum from its bounce off the $8.00 lows.<br />

It reached its highest point at $26.80 and has since been ranging in the $20.00 to $26.00 area.<br />

• Major Resistance at $27.00<br />

• Major Support at $20.00<br />

Figure 1 - Solana Price Chart<br />

Total Value Locked (TVL)<br />

While December was a tough period for Solana, January was the consolidation. TVL has been rather stagnant monthover-month,<br />

as DeFi seems to struggle with retaining users and investments.<br />

It hit a monthly high of $285M on December 26th, and a monthly low of $242M on January 11th.<br />

Figure 2 - Solana TVL (Artemis)


However, BEN SPARANG◎ (@bennybitcoins), the Head of Strategic BD of the Solana Foundation, took a different approach<br />

to interpret TVL. By introducing on-chain volume to the TVL data, @bennybitcoins calculated “DeFi Velocity”,<br />

which paints a different picture.<br />

Although the Solana DeFi ecosystem has been through a lot of hardship over the last quarter, it still remains the most<br />

actively used on a DeFi Velocity basis, as introduced by @bennybitcoins. On a 7-day volume, Solana has a score of 1.83<br />

while ETH has a score of 0.43.<br />

BEN SPARANG @bennybitcoins<br />

In the following chart, I took the top chains by reported TVL from @Defillamma as well as their reported 24hr / 7-day<br />

reported volumes I then calculated their “DeFi Velocity” (volume per dollar of TVL)<br />

DEX Volume<br />

In December, the volume of decentralized exchanges (DEXs) on Solana was at its lowest point since May 2022, largely<br />

due to the impact of the FTX crash on several prominent DeFi projects.<br />

On the other hand, January was the second biggest month by Volume in the last 12 months. Market sentiment, Solana<br />

confidence recovery, memecoin madness, and founders doubling down on the chain, all contributed to a rally on all<br />

metrics.<br />

In January 2023, volume reached $1.93B, almost four times higher than the previous month.<br />

Figure 3 - Solana DEX Volume (DeFiLlama)


Daily Active Addresses<br />

The Solana Daily Active Addresses chart shows the daily number of unique addresses that were active on the network<br />

as a sender or receiver.<br />

The daily active addresses decreased around 28% month-over-month (MoM), from ~610K to ~434K. Solana had its<br />

biggest day of the month on January 11th, with almost 644K active addresses in a single day. For reference, Polygon and<br />

Ethereum Active Addresses grew -38% and 4.5%, respectively, in the same period.<br />

Figure 4 - Solana Daily Active Addresses (Artemis)<br />

Drill-Down to the Protocol Level<br />

Data suggests that the BONK airdrop has brought the NFT community closer to DeFi.<br />

Since its peak, the majority of dApps show a steady reduction in Daily Active Addresses, although activity remains higher<br />

than pre-BONK levels.<br />

Data shows that Jupiter Aggregator, Orca, and Raydium are the most used protocols for decentralized trading.<br />

Figure 5 - DEX Daily Active Wallets (Dune)<br />

DeFi Majors Market Cap & Growth<br />

The FTX bankruptcy is still present in everyone’s minds. However, data shows that January brought a recovery of trust<br />

and confidence in the Solana ecosystem.


Orca is processing the most volume on a daily basis, having reached $138M in volume in the last 7 days, followed by<br />

Raydium and Lifinity.<br />

Figure 6 - Solana DeFi (DeFiLlama)<br />

Priority Fees<br />

The use of priority fees on Solana has become a popular topic due to the now distant FTX crash and increased activity on<br />

the network.<br />

Many users have turned to this practice as a result of the memecoin boom, which led several Solana DEXs to update<br />

their user interfaces and include the option to set priority fees.<br />

This is necessary due to the high level of congestion on the network, which causes normal fee transactions to fail multiple<br />

times. The widespread adoption of priority fees is a positive sign of network strength, adoption, and appeal, particularly<br />

in a bear market.<br />

Data shows a solid increase in priority fees, from 20% to 50% of the total non-voting transactions.<br />

Figure 7 - Priority Fees on Solana (Dune)<br />

Conclusion<br />

On-Chain data shows that although the DeFi ecosystem is still a long way from a full recovery, the wounds are starting to<br />

heal. In addition, both NFT and DeFi projects are finding new ways of integrating the best of each other into innovative<br />

products for the Solana ecosystem.


LiteCoinYagami<br />

A few people have asked for my opinion on this topic. Here are a few of my brief thoughts:<br />

Centralization vs Decentralization<br />

Centralization refers to a practice in which ALL policies, decisions and activities are controlled by a<br />

central organization, in order to achieve their goals.<br />

It’s pretty much Web2 standard. We’ve all worked under a CEO, for example.<br />

Decentralization challenges the previous model by transferring this control to several entities or<br />

persons, rather than one.<br />

Ideally, this distribution of control drastically evens the playing field; empowering silenced voices<br />

to finally be heard, while increasing transparency.<br />

So, what’s an NFT?<br />

An NFT is a unique digital object that represents ownership.<br />

They are minted/backed through smart contracts that verify authenticity; eliminating the need<br />

for third parties.<br />

NFTs can be anything. Don’t overthink it.<br />

Example:<br />

How do you prove that you own the car you drive?<br />

The answer is through Vehicle titles... AKA a piece of paper (that can be duplicated, fabricated, or<br />

destroyed) ... serve as our means of proof of vehicle ownership.<br />

<strong>SHILL</strong> <strong>Issue</strong> #95<br />

133


The DMV, Bank, and dealership (third parties) provide you with the proper documentation<br />

needed in order to legally drive and transact.<br />

But what if... we purchased transparent, tamper-proof NFTs that certified ownership of vehicles?<br />

This would make transactions infinitely easier whilst eliminating the need for third parties.<br />

NFTs can be efficient to the point of total disruption. Trust me when I say some very powerful<br />

people understand this concept fairly well. That is why Decentralizations scare banks,<br />

governments and corporate structures as a whole.<br />

We’ve barely tapped into this potential.<br />

Centralized Leadership<br />

Now, let’s look at the current state of Solana.<br />

Yesterday, Hadeswap acquired Solana Monkey Business. For context: The original devs rugged the<br />

project and it was taken over by MonkeDAO. The problem is that the OG devs still had ownership<br />

of the collection, as well as access to royalties.<br />

You probably know this already. No doubt, HGE has done a lot for Solana. But what are the<br />

implications of this acquisition?<br />

SolanaMonkeyBusiness


I’m not saying this is good or bad.<br />

But, with two top projects underneath a more centralized leadership (that is still not audited), I<br />

have concerns.<br />

GhostFace @GhostFaceMeta_<br />

Happy to see @SolanaMBS pump<br />

But can’t help but feel like the Solana community is shrinking<br />

Of the top 5 projects on Sol - @DeGodsNFT & @y00tsNFT will be leaving soon, @okaybears has<br />

been dead, and now ABC & @SolanaMBS are one in the same<br />

So what’s next for Solana NFTs ?<br />

Once again:<br />

If we are strictly going off definitions, the acquisition does indeed make the project feel much<br />

more centralized. This could go incredibly well or it could go very south. There are many<br />

workarounds, so overall; I’ll remain hopeful.<br />

Programmable NFTs (pNFTs)<br />

Metaplex will allow collections to upgrade to ‘Programmable NFTs’ with royalty enforcement and<br />

protection. But it’s so much deeper than that.<br />

pNFTs are “frozen” until conditions set by projects and/or Metaplex are met.<br />

Immutable Edge @ImmutableSOL<br />

pNFTs = “An always-frozen NFT”,.... until specific conditions set by the project or Metaplex are met. pNFTs mandate that<br />

all actions taken on the NFT must be done through Token Metadata controlled by @metaplex<br />

I have nothing against Metaplex. In fact, from a tech standpoint, I find pNFTs to be quite<br />

fascinating. But my take is that pNFTs are not NFTs.<br />

For NFTs to be truly decentralized, they must be immutable (unable to be changed). If not, they<br />

are no different than the centralized standards and third-party interjections that we already have<br />

in Web2.<br />

The Verdict<br />

Personally, I do think Solana NFTs are moving in a more centralized direction.<br />

The domino effect that started with 0% royalty campaigns, alongside the emergence of NFT<br />

AMMs was… simply unavoidable.<br />

Tech is inevitable. Human nature is too.<br />

So, maybe decentralization is a pipe-dream. Maybe it’s a buzzword we fell in love with far too<br />

deeply. I don’t have all of the answers. The only thing I know for sure is that Decentralization has a<br />

clear definition. We decide what to make of it.


Tiensuperman<br />

How I think the #1 SOL NFT Collection leaving the Ecosystem will affect it.<br />

This thread will focus on how it impacts SOL NFTs and what you can expect in the next couple of days.<br />

Decline in Volume<br />

Degods currently generate +80k SOL volume daily. If they leave SOL then 2 things can happen: → Volume spreads to<br />

other Projects that are constantly providing Utility to the Space. → Volume ultimately decreases and fewer eyes will be<br />

on SOL NFTs.<br />

136 <strong>SHILL</strong> <strong>Issue</strong> #95


The battle for #1<br />

Expect a clash between the TOP Bluechip NFTs for #1 NFT Collection on SOL<br />

Bullish Scenario • Projects work harder and provide more value to steal the Throne.<br />

Bearish Scenario • Projects start to sabotage each other, and FUD begins to appear


Shift in Attention<br />

Now that Degods is gone from SOL, people will start to give more ATTENTION to other Projects on Twitter What you can<br />

expect to happen: → People talking about Projects that are currently building in silence → More talk about rising Projects<br />

The return of Negativity...<br />

Degods leaving SOL creates a big impact on the Community here. That’s why you’ve been seeing countless FUD Tweets<br />

and Discord chats about it.<br />

Expect the space to become more Negative and “Hard-going” throughout next week.


RIP BOZO to your BAGs G<br />

The #1 SOL NFT Collection is leaving the place that made it. You’ll see your BAGs drop in Value over the next couple of<br />

Weeks. Degods leaving Solana could be a sign that the Founder (Frank) doesn’t see a future here.<br />

Conclusion<br />

Degods leaving our Ecosystem both have their positives and negatives, but IMO this can be the next step for SOL NFTs to<br />

move forward. At the end of the day, we can’t change Frank’s decision, so might as well try our best with the things we<br />

got rn.


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