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SHILL Issue 161

Solana ecosystem magazine.

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SOLANA NFT/DEFI/X ECOSYSTEM


Editor<br />

Sold it All<br />

Artifex<br />

SPL-404<br />

Dev Talk<br />

Specualtion<br />

Unknown<br />

McDegens<br />

$BOZO<br />

DeadKingSociety<br />

The Come Up<br />

Meme coins<br />

Mallow NFTs<br />

Solarplex NFT


srchappell


Reflecting on the Evolution of Solana's NFT Scene<br />

In the ever-changing landscape of the Solana NFT scene, it's with a heavy heart that we<br />

bid adieu to Solarplex. As announced by Viksit, the founder of Solarplex, the platform will<br />

cease operations on May 31, 2024. This news comes as a blow to the community, marking<br />

the end of an era that saw thousands of creators and users come together to share their<br />

art and build meaningful connections.<br />

Solarplex was more than just a platform; it was a hub for creativity and community engagement.<br />

With over 10,000 users spanning across 100+ countries, Solarplex facilitated<br />

the minting of over 200,000 NFTs and fostered a vibrant ecosystem where creators could<br />

monetize their work without relying on ads. The platform's impact was undeniable, with<br />

hundreds of creators earning income and countless interactions between users through<br />

posts, reactions, and likes.<br />

For #<strong>SHILL</strong>zine, Solarplex was more than just a platform; it was a gateway to discovering<br />

new talent and forging deeper connections within the Solana community. Over the past<br />

six months, we've leveraged Solarplex to expand our network, source unique NFTs, and<br />

strengthen our ties with fellow creators and enthusiasts. Its closure leaves a void in Solana's<br />

NFT landscape, reminding us of the fragility of digital ecosystems and the importance<br />

of supporting platforms that foster creativity and community.<br />

Sadly, Solarplex's closure isn't an isolated incident. In recent weeks, we've witnessed several<br />

other projects shuttering their doors, including Collector, BAD, and DecentricStudio.<br />

Each closure serves as a sobering reminder of the challenges faced by startups in the<br />

crypto space and the need for resilience in the face of adversity.<br />

As Vibhu, the founder of DripHaus, aptly tweeted, "Building a successful startup is about<br />

outlasting everyone else. It is more important to survive than to be smart. Never, ever give<br />

up. There is always one more thing to try." While his words were unrelated to Solarplex,<br />

they resonate deeply with the current situation. In an industry rife with uncertainty, perseverance<br />

is key.<br />

Pixeltoy's question, "Where would you look for the longest-running Solana zine?" highlights<br />

the importance of endurance and continuity in the crypto space. While many projects<br />

come and go, #<strong>SHILL</strong>zine has remained a steadfast presence in the Solana community.<br />

As we approach our third anniversary this October, we're reminded of our role as a<br />

historical reference point for the evolution of Solana's NFT scene.<br />

While the closure of Solarplex is undoubtedly a loss for the Solana community, it serves<br />

as a reminder of the resilience and adaptability of the ecosystem. As we bid farewell to<br />

one chapter, we look forward to the next, knowing that the spirit of creativity and innovation<br />

that defined Solarplex will live on in new and unexpected ways. And through it<br />

all, #<strong>SHILL</strong>zine will continue to document and celebrate the ever-changing landscape of<br />

Solana's NFT scene.<br />

Pixeltoy


SUPPORTER BONUS<br />

TIPLINK MINT


Solana Females Parties<br />

The Backwoods


Why I Sold All of My Crypto<br />

Yesterday I had a stunning realization.<br />

Two, actually.<br />

1. I’ve made enough money.<br />

2. I am not good trader. I’m not a particularly great investor, either.<br />

I think the only thing — and I mean the only thing — that has ever separated me from my peers has<br />

been my ability to take profits.<br />

I tend to buy when I know something is extremely oversold. In my mind, it’s obvious. Buying Solana at<br />

$8 was obvious. Buying ETH under $2000 was obvious. But I have never perfectly timed the top.<br />

Not once.<br />

And for the record, timing the top is impossible. If you time it perfectly, you were either a terminally online<br />

sociopath, lucky, or a strange combination of both.<br />

This is why I always tend to sell at half-time.<br />

I sold “too early” last time, too. Right before Terra LUNA crashed, and the FTX scandal.<br />

In the moment it feels wrong.<br />

There’s still so much opportunity (there is).<br />

It feels like you’re leaving too many chips on the table. Little do we know, this is how Vegas manages to<br />

trap its customers. Its why most traders are unprofitable.<br />

They leave the real chips on the table and forget the point.<br />

I still believe the point of all of this is to bet on yourself.<br />

By no means is this financial advice. I’d feel horrible if you ever took my advice on anything financial.<br />

I’ve come to peace with the fact that BTC to 100k this cycle is a likely scenario, and I’d miss out on<br />

most of it.<br />

I’m okay with the opposite too — are you?<br />

I’m only here to share my raw takes, experiences and ideas.<br />

I don’t care about larping or anything like that. I care about taking the opportunities the market blessed<br />

me with and making more opportunity with it.<br />

I hope you make all the money in the world. But don’t just make money for the sake of making money…<br />

create impact.<br />

Use it to help someone.<br />

To create value.<br />

Do something to make the world a better place.<br />

At the end of the day, it’s your choice.<br />

But if you don’t, then what was the point of making it?<br />

If you’re reading this and disagreeing that you should use money to change the world around you; maybe<br />

you’re right. Maybe you should just hoard it all. Keep gambling.<br />

8 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


Maybe I’m crazy. But greed and apathy are things I don’t relate to anymore.<br />

There was a time where I felt like I had to relate to those things. For a while, I think it worked. But I didn’t like<br />

that version of myself.<br />

I’m taking time to work on my brand, repair some relationships and help the people I love.<br />

And of course - I’ll be scooping deals up when they’re low again.<br />

Earlier I said I’d feel horrible if you ever took my advice on anything financial. And I meant it. Don’t follow my<br />

lead. Your situation is different from mine.<br />

But whoever you are reading this… remember to bet on people; but remember to also, eventually, bet on yourself.<br />

If that’s lame advice, I’m sorry.<br />

It probably is. Maybe I’m just getting old. — Lite.


@Artifexr<br />

The story behind my art Artifex<br />

Where did Artifex come from?<br />

10 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


Insider information<br />

A little art break from all the reading.


Humble beginnings as an artist: I have been creating art for<br />

as long as I can remember, My earliest artistic endeavors<br />

involved detailed drawings, capturing the essence of people<br />

and places around me.<br />

Fast forward to 20 years: Architecture school turned out<br />

to be more ‘archi-torture’ than I bargained for. All those<br />

sleepless nights took a toll on my health. So, I decided a<br />

career change wouldn’t hurt.


Introduction to NFTs: A friend opened the door to NFTs<br />

and crypto (huge thanks!), it was overwhelming at first.<br />

But then something clicked,and I became fascinated,<br />

dreaming of the possibilities.<br />

Timeline: Lost in the hustle for a year: commissions, charity,<br />

no direction. There comes a big break: I land a PFP art<br />

job for none other than @GambullsCasino.


What are globs?<br />

This led me to prioritize skill development and explore<br />

fresh approaches to improve my art.<br />

6 months ago, I brought two creative projects to life, each<br />

with its own distinct visual world to explore.<br />

@Globsbyartifex and @AdvenabyArtifex<br />

I’ve created over 200 glob artworks and counting!<br />

Cherry on top: My debut on @drip_haus sparked a global<br />

interest. Channel: https://drip.haus/artifex


THIS IS A FACT and I’m grateful to @TheFracture_ and @BonkzNFT_ team for the opportunity.


But what was the inspiration behind this style of mine???? - Lots, and it is in constant flux. - for starters it involved<br />

months of rigorous sketching and doodling, hoarding as many visual cues as I could.<br />

Art finds a way: All these and so many elements/visuals from nature has inspired the creation of globs.<br />

Two artistic giants have always inspired me: Mark Rothko, a master of color and abstraction, and Moebius, whose imagination<br />

built breathtaking worlds.


There are several more that have had a profound influence on my art.<br />

And what is AdVeNa?<br />

@AdvenabyArtifex is a world-building project coming to Solana. It merges DeFi (decentralized finance) to share art, lore,<br />

and stories globally. Imagine art books, comics, games, and collectibles, merchandise all brought to life in this immersive<br />

universe.


Aqmalamqa


Baroeki


Baroeki


cufives


errorcode


swanpoel


k38y


Obadare Kikiope


nai_artwork


Theweirdintrovert


Benjo Mack


Cyberverse 2077


DanielArtist


Dorin photograph


Kenva


Mireyita


Philip Watson


Red Rabbit Cult


Red Rabbit Cult


Red Rabbit Cult


Red Rabbit Cult


RubenSalvo


vkillz


weirdoz


weirdoz


artcons9


lollygagdesign


lollygagdesign


lollygagdesign


damianscott_NFT


damianscott_NFT


lean


lean


naiartwork


v4wenko


lollygagdesign


lollygagdesign


Mike Hale<br />

Accelerator Cohort 1, Jupiter Working<br />

Group for Developers, SNS<br />

Colosseum Accelerator Cohort 1<br />

Colosseum has announced the inaugural Colosseum accelerator cohort!<br />

The group is made up of 10 winners from the recent Solana Renaissance Hackathon. 1,071<br />

teams submitted products in the competition, resulting in 34 winning projects.<br />

From the pool of 34 winners, Colosseum selected 10 startups that showed they had the technical<br />

talent, speed, vision, and competitive drive required to build standout products that will<br />

grow the Solana ecosystem.<br />

The following startups will be joining Colosseum Cohort 1:<br />

Ore: A new digital currency that allows anyone to mine using a novel proof-of-work algorithm<br />

on the Solana blockchain.<br />

Urani: An intent-based swap aggregator bringing protection against toxic MEV at the application<br />

layer.<br />

DBunker: An open network for DePIN financial derivatives and supply-side aggregation.<br />

DeCharge: An EV charging network integrated with Solana, offering globally compatible hardware<br />

for affordable access.<br />

Torque: A protocol for builders and dApps to deploy user acquisition strategies natively onchain.<br />

Legends of the Sun: An old-school combat battle arena game with onchain wagering and an<br />

open marketplace.<br />

MeshMap: A DePIN network enabling generalized 3D mapping data for mixed reality applications.<br />

BlockMesh: A DePIN network that allows anyone to easily monetize their excess bandwidth.<br />

Banger: A marketplace to buy and sell tweets while supporting creators, curators, and fun.<br />

Rakurai: A new Solana client boosting TPS with proprietary scheduling & pipeline optimizations.<br />

Over the next month and a half, these founders will progress from devnet to mainnet as they<br />

continue to iterate, test, and refine their products.<br />

The program will culminate in a virtual demo day for investors across the venture ecosystem,<br />

with a recording of the event released after for the broader crypto community.<br />

Congrats to all the teams that made it into the Colosseum Accelerator program!<br />

64 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


Jupiter Working Group for Developers<br />

The Jupiter Working Group for Developers is a proposal to enhance the Jupiter ecosystem by bringing<br />

together developers who are passionate about DeFi.<br />

This working group’s goals would be to foster innovation, improve existing tools, and create new opportunities<br />

for developers within the Jupiter community.<br />

The group would work focus on enhancing and refining existing open source SDKs and APIs to add<br />

more essential features.<br />

In addition to enhancing existing Jupiter SDKs and APIs, the group would accelerate the development<br />

of new SDKs like the Perps SDK to meet the high demand from developers and cater to a wider<br />

range of use cases.<br />

There would also be a focus on supporting open-source projects like a Telegram bot, sniping tool,<br />

and Perps dashboards.<br />

Active community contributors would be supported and recognized, with training, resources, and incentives<br />

to make their contributions more impactful, ensuring they continue to grow the Jupiter ecosystem.<br />

Developers that want to contribute should reach out to @sssionggg with their thoughts and feedback.<br />

Jupiter Working Group for Developers<br />

SNS Records V2<br />

SNS Records V2 is designed to enhance the reliability and security of domain records within the Solana<br />

ecosystem.<br />

Developed by Bonfida, this initiative addresses staleness and verification issues to ensure the integrity<br />

and reliability of on-chain domain records. This gives developers accurate and secure data, and<br />

more trust in the applications they build.<br />

SNS V2 has 2 important features:<br />

Staleness Mechanism: Ensures that domain records are current, preventing outdated information<br />

from being inherited by new domain owners. This is crucial for maintaining accurate and relevant data<br />

across apps.<br />

Right of Association Mechanism: Verifies that the records are owned by the domain holder, preventing<br />

impersonation and enhancing trust in on-chain identities.<br />

With mechanisms in place to prevent staleness, developers can rely on up-to-date data that records<br />

are owned by the legitimate domain holder.<br />

Bonfida provides assistance and resources to help developers seamlessly integrate Records V2 into<br />

their projects, including code examples and setup support.<br />

SNS Guide: Records V2<br />

Developer News<br />

Transaction Commitment Levels<br />

Solana’s transaction commitment levels of Processed, Confirmed, and Finalized play a crucial role<br />

in ensuring the network’s reliability and security by providing clear indication of a transaction’s state.<br />

Mastering these commitment levels is essential for building reliable and high-performing DApps that<br />

meet user needs effectively and give developers the appropriate level of transaction finality for their<br />

specific use cases.


Payments on Solana<br />

Solana has quickly become the preferred blockchain for payments with its robust infrastructure and<br />

speed of transactions with fintech giants like Stripe, PayPal, Visa, and Shopify integrating Solana for<br />

payment solutions. This article covers the advancements and within the Solana ecosystem, focusing<br />

on various payment tooling products and protocols developed by different teams and examples of<br />

specific projects building the future of Solana’s global payment infrastructure.<br />

Bonkathon Developer Resources<br />

Whether you’re taking part in Bonkathon or not, this comprehensive set of resources will guide you<br />

through every step of Solana development with a detailed getting started guide, video tutorials and<br />

self-paced courses, tooling, SDKs, and APIs and open source projects to learn from.<br />

Funding<br />

Zeta Markets has raised $5 million in a strategic round, increasing its total funding to $13.5 million.<br />

The round was led by Electric Capital with participation from notable angel investors like Anatoly Yakovenko<br />

of Solana and Mert Mumtaz of Helius.<br />

Seeds Labs, the developer of the Web3 game Bladerite, has raised $12 million in a seed funding<br />

round with participation from investors including Solana Foundation. The funding will support the continued<br />

development of Bladerite and its game asset market, aiming to create a sustainable economic<br />

system within the game.<br />

AgriDex, a Solana-based platform that tokenizes and trades agricultural commodities, has raised $5<br />

million in a pre-seed funding round to grow the current team to build the platform to tokenize and list<br />

more agricultural commodities.<br />

optimisoor is a dashboard to monitor and analyze LST distributions on Sanctum using SolanaFM<br />

APIs and GenesysGo’s Shadow Drive.<br />

jito-test is an example of how to send a Jito bundle using Solana web3.js v2 preview.<br />

Audius Music is an Unreal Engine plugin that allows developers to utilize the Audius API to stream<br />

music from the Audius track catalog within their games.<br />

Quick Hits<br />

Bubblemaps analytical tools adds Solana support - @bubblemaps<br />

Create Solana dApp adds support for Anchor 0.30 - @beeman_nl<br />

Add your open source Colosseum Hackathon project to Awesome Solana repo - @joeymeere<br />

Metaplex Startup Program introduces the inaugural cohort - @metaplex<br />

New or Lesser Known Solana Groups to Follow - @therealchaseeb<br />

Shyft adds Meteora DeFi data to superindexer - @Shyft_to<br />

How Star Atlas Differs From Other Blockchain-Based Games - Crypto Gaing Experts<br />

Real world problems solved by building an entire game on the blockchain - @tax_cuts


Listen to This<br />

Validated<br />

In this episode, Austin chats with Andrey Falaleyev, CTO of Neon, an EVM that lets devs build and<br />

deploy dApps from EVM chains to Solana, all while maintaining compatibility with the EVM opcode<br />

set.<br />

Andrey discusses Neon’s decentralization and security, elucidating technical details around how<br />

Neon’s parallelization works. He also sheds light on the kinds of teams interested in building on or<br />

migrating over to Neon.<br />

Parallelizing the EVM on Solana w/ Andrey Falaleyev (Neon)<br />

Bonus Episodes:<br />

Solana’s Filecoin Integration, Ethos, and DePIN with Austin Federa - DWeb Decoded<br />

Aaron Stanley interviews Austin Federa, the Head of Strategy at The Solana Foundation. They discuss<br />

Solana’s Filecoin integration, the concept of DePIN and its importance in the Solana ecosystem,<br />

the role of meme coins in stress testing, Solana’s performance and architectural decisions, and the<br />

upcoming Fire Dancer upgrade.<br />

The Future Of Liquid Staking On Solana | FP Lee - Lightspeed<br />

FP Lee (Sanctum) discusses the growth of liquid staking on Solana, launching LSTs, value accrual,<br />

solving liquidity issues & some of the products sanctum is building.<br />

Solana: The Promise of Stablecoins & Blockchains - Circle<br />

Austin Federa, Head of Strategy at the Solana Foundation, sits down with Circle Director of Community,<br />

Sam Sealey, to discuss the future of stablecoins and their role in the global economy.


Solana bulls are relishing renewed inflows to the asset with some anticipating a run to a new all-time high as<br />

sentiments swing.<br />

Solana remains an institutional investor favorite and has picked up huge gains in the last 48 hours. Recent gains<br />

of SOL have led to bullish predictions of the asset going on an uphill run. A turnaround and change in market<br />

sentiment can spur an upward trajectory for the asset although bear opine that a new all-time high is far off.<br />

Solana hit an all-time high of $260 on November 6 2021 following the bull run that saw increased decentralized<br />

finance (DeFi) numbers. At press time, the price of SOL stands at $159.2, 38% below its peak. Recent flows have<br />

seen the going gear past $164 amid intra-day corrections.<br />

Solana Goes Bullish<br />

SOL is known for outpacing the market in a recovery and an upward momentum has been recorded in price,<br />

institutional flows, and on-chain activities. In the last 24 hours, Solana has moved up 4% to a market cap of $71.3<br />

billion. The asset’s 24-hour daily volume surged 31% to $3.9 billion as weekly flows hit 8.35%.<br />

Solana’s sustained uptick has seen monthly movements above 20% igniting a stronger rally in the community.<br />

The asset’s total value locked (TVL) across DeFi platforms stands at $4.42 billion, a 7.83% increase while volumes<br />

in the same period are up $1.2 billion. Top protocols include Jito, Marinade, and Kamino all above $1 billion in<br />

TVL.<br />

According to some crypto enthusiasts, Solana has always found a way to capture the market’s attention through<br />

non-fungible tokens (NFTs) in 2021 and meme coins in 2024.<br />

Can Solana Memecoins Rally Asset?<br />

The current price of SOL is far off from its all-time high in the short term because interest rates remain unchanged.<br />

Crypto bulls have pointed to Solana meme coins craze and a potential cut in rates by the Federal<br />

Reserve as factors that could lift to asset to a new resistance level.<br />

Solana meme coins are up 6.4% in the last 24 hours with its market cap above $7.5 billion. A key factor driving<br />

bullish projections is the inflow of new tokens posting 50X gains in daily trading. Rate cuts will add to the values<br />

of meme coins as investors will move funds to risky assets.<br />

68 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


Bonk (BONK) and BOOK OF MEME (BOME) are among the top memecoins trading with some users backing the former’s<br />

inflows.<br />

BOME has seen renewed inflows on the back of the positive United States Consumer Price Index (CPI) which has flipped<br />

market sentiments. The wider crypto market has seen renewed flows with Bitcoin hitting $66,000. These bullish upticks<br />

have led to a rally in memecoin prices across the board.<br />

BOME and BONK have both recorded inflows wiping off some parts of previous losses recorded due to market fluctuations.<br />

However, although BONK is the bigger asset, BOME has notched higher showy-term inflows with bulls anticipating<br />

more flows similar to Q1 2024 numbers.<br />

BOME To Displace BONK?<br />

At press time, BONK is the sixth largest memecoin by market cap while BOME follows closely in seventh. The market capitalization<br />

of both assets stands at $1.68 billion and $849 million respectively. BOME has seen 8% daily inflows pushing<br />

its price to $0.01235. Weekly surge to the asset has grown above 20% while 30-day movement is at 49.4%.<br />

This giant leap of the asset has ignited bullish momentum upwards with BONK the next asset in sight. Although the difference<br />

between the market cap is huge, some users believe a sustained price rally in 12 months could record significant<br />

progress<br />

BOOK OF MEME has also seen increased daily volumes at $498 million as users pour funds into risky assets. The Solana<br />

memecoin frenzy has sparked a surge in the asset as the coin continues to outpace the market.<br />

BONK Records Flows<br />

Although BOME’s short-term flow is significantly higher, BONK is the bigger asset by market capitalization and has posted<br />

decent flows. In the last 24 hours, the asset moved up 6.8% to a price of 0.000025. This week, it has seen an 11% rise<br />

and maintains a 78% monthly flow over the former.<br />

BONK rallied on renewed inflows after the CPI data, Solana memecoin frenzy, and industry developments. The asset’s<br />

price jumped 7% after a listing on Bithumb, the second-largest cryptocurrency exchange in South Korea. With increased<br />

activity following a market reaction, many wonder about the chances of BOME to dethrone the asset.


@BozoCollective<br />

INTRODUCING $BOZO Gamified Meme Staking Cards!<br />

70 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


How it works:<br />

Use 250m Bozo to claim a crate. (prepare ahead of time because spots are limited.) Each crate contains 1 of 8 Unique<br />

cards with a different staking bonus/rarity. Multipliers are based on crate price. 250m $bozo x Multiplier = Apy payout<br />

Ex. 250m (Crate price) x 1.5x (Multiplier) = 375M vested over 1 year. These cards are NOT NFTs and are completely offchain.<br />

Each card can be staked for 365 days before becoming inactive. This is for sustainability. (Alpha) Card collectors are<br />

favored.<br />

Marketplace:<br />

If you miss launch day and are to slow to grab some crates you can buy directly from our in-app marketplace. Users can<br />

sort by ROI based on listing price, rarity, or price. Mint a mythic and want to flip it immediately? YOU CAN!


Portfolio:<br />

Users can manage their portfolio within the app. Stake/Unstake/Sell your cards as you want and even transfer between<br />

wallets.


More detailed information is coming soon in our Meme-card staking docs.


artifex


demontez


ee


ee


evqibeal


iziq


meisone


nachopcors


necrosphere


enwontmiss


ogerin


wilsenway


muimooi


tinydrawings


McSwap 1.4 (beta) was just pushed live!<br />

Now supports SPL Tokens and both cNFT & NFT trades.<br />

When you need trustless, private, p2p asset trades, you McSwap.<br />

92 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


Use ours, or host and brand your own. https://mcswap.xyz #Trustless #NFT #CNFT $SOL #Solana By<br />

@McDegensDAO


@glennhodlNFT<br />

Who are the real Kings of Solana? In this very special deep dive thread, I take a long hard look at<br />

@DeadKingSociety. // Who are they? // // What do they do? // Read on to find out.<br />

Here’s what I’m going to cover in this thread. A disclaimer - I am not affiliated in any way with<br />

@DeadKingSociety, nor do I own any of their collections. Huge thanks for @TurntUpDylan for his time and<br />

input.<br />

// B A S I C S //<br />

DKS are amongst the most sought-after NFT-gated communities on the Solana blockchain. Holders have access<br />

to: // The Commonwealth // A high quality community “providing investment opportunities and friendships [...]<br />

otherwise difficult to obtain”.<br />

Of the full 100, currently around 82 Kings have been “found”, with 18 yet to be revealed. Of those, none are<br />

listed on any marketplace and are normally traded OTC. Of the Signets, 11 are listed with a floor of 125 Sol. Buy<br />

them on @tensor_hq, obvs.<br />

// O R I G I N S //<br />

94 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


The project’s public presence began in February 2022,<br />

when DAO allocations began for a new collection branded<br />

“Dead King Society”. Even early on, the project prided<br />

itself on being exclusive, and of the very highest quality.<br />

https://x.com/deadkingsociet/DeadKingSociety/<br />

status/1496946211709849612?s=20gSociety/status/1496946211709849612?s=20…<br />

The 300 Signets were minted back in March 2022. The<br />

Kings have been auctioned and sold privately 1/1 throughout<br />

2022 and 2023. The auctions have gained momentum<br />

over time. Around September 2022 prices accelerated and<br />

regularly exceeded 200 Sol.<br />

On January 5, DKS saw its first 1000 Sol sale, as @jedidiahelite<br />

joined the project. To date, there are still 18 Kings<br />

yet to be found. https://x.com/deadkingsociet/Dead-<br />

KingSociety/status/<strong>161</strong>1106093203181582?s=20…<br />

Dead King Society describes its community as: // The Commonwealth<br />

// Delivering an exceptional Web3 community<br />

of outstanding and like-minded individuals. It aims to be a<br />

“Web3 destination of choice”. What does that mean? Let’s<br />

look at The Pillars.<br />

The Pillars are the “WEN UTILITY” of @DeadKingSociety.<br />

They are the charter by which the project judges itself.<br />

/ E V O L U T I O N //<br />

DKS began as a project aiming to produce tools for the<br />

Solana ecosystem, and provide a share of their revenue<br />

to holders. It developed, however, into something less<br />

technological, and more personal. So what exactly is DKS<br />

all about now?<br />

// PILLAR 1: Content Creation. //<br />

From its own collections to its internal & external output,<br />

DKS aims to “push the boundaries of what NFT ecosystem<br />

participants accept as standard for PFP collections.” Much<br />

of this push for excellence is around art - both generative<br />

but increasingly 1/1 and original.<br />

// PILLAR 2: Social Experience. //<br />

An NFT project must provide more to its holders than they<br />

would gain by selling their token. This pillar represents a<br />

dedication to community curation and development. DKS<br />

have striven to add thought leaders, project founders,<br />

consultants, and investors to their ranks.<br />

In short: the Commonwealth is full of giga-chads. (We’ll<br />

meet some of them below). This pillar also entails PFP and<br />

real-life representation, with a dedication to expanding<br />

outside the four walls of the discord chat and encouraging<br />

in person meet-ups.<br />

// PILLAR 3: Trading. //<br />

“To drive tangible value back to its hodlers through active<br />

participation in the NFT and Crypto markets.” DKS adds<br />

value to its members with insight, analysis, & alpha from<br />

the sharp end of the space, as well as exclusive whitelist,<br />

presale, & cross-chain opportunities.<br />

// PILLAR 4: Tech & Beyond. //<br />

The project actively seeks to pursue tech development<br />

opportunities, and has developers on staff to create and<br />

sustain tech infrastructure for the benefit of the ecosys-


tem. A throwback to their origins as a tools-based start-up?<br />

For example? They have created Trove (@trove_crypto), a Treasury Management product for NFT project founders,<br />

which recently won the DAO track at @Solana’s #grizzlython competition: https://x.com/trove_crypto/s/trove_crypto/<br />

status/1644389007772762112?s=20…<br />

// E T H O S //<br />

The Ethos which governs DKS can be found at https://deadkingsociety.io/#ethos It is a set of principles that aid the<br />

community in adding to & multiplying each other’s capabilities, opportunities, & resources. All whilst maintaining intelligence<br />

and integrity in their investments.<br />

// N O B L E S //<br />

The next big evolution of the project. DKS have recently announced an important development in their token phenotyping.<br />

Signets are becoming Nobles, with DKS are promising ‘an outstanding experience’ for Signet holders: https://x.com/<br />

deadkingsociet/DeadKingSociety/status/1638211936801247232?s=20…<br />

Each Dead King will be affiliated with 3 Nobles and will be closely tied to them with specific utility and benefits. In this<br />

way the project is trying to deepen their community ties and foster greater value through intimate relationships. Dates<br />

to be confirmed.<br />

For example, the recently announced Pirate or Poker King nobilities: https://x.com/deadkingsociet/Dead-<br />

KingSociety/status/1648049562001592326?s=20… https://x.com/deadkingsociet/DeadKingSociety/status/1642973592689188866?s=20…<br />

/ P E O P L E //<br />

A note on some personnel involved. DKS was founded @TurntUpDylan, @two__ices, and @david_karstens who run it<br />

alongside council members @DmanSpain1, @koirakes, @YupiG_Crypto, & @PetarNFT<br />

Original art is by @CryptoDex_NFT. But who else can you find inside the Commonwealth?<br />

Let’s meet some current and former Kings. NB - This is JUST A SAMPLE. There are over 60 Kings and hundreds of Signets,<br />

and I haven’t done research on every single one of them. However, here’s a selection of some you may have heard of:<br />

@iamkadense- An internet Pengu, art Maxi, and @solBOOGLE member<br />

@bengi_sol- @YoggDAO council member and investment advisor<br />

@chivasweb3- Co-founder of Nekozuma, project advisor, and DeGod<br />

@danico_crypto - @JarpixDao buidler and @MadSkullsDAO member<br />

@daorithm- Also member of @HotHeadsNFT and @EnigmaVentures


@JonnyyFake- @fakealphadao founder, investor and strategist<br />

@hawcas- Founder of @UbikNFT<br />

@humbledoredore- Notable @solBOOGLE member<br />

@j0xnah- Founder of @ogres_nft, artist<br />

@Crouserrr- Content creator, writer, @EYEKONNFT founder, and all round good vibes machine.<br />

@Jimmythegreek99- Cets and Jikans giga-whale<br />

@Simba_sol- Founder of @YoggDAO<br />

@Theude_sol- CEO of @longwoodlabs, creators of @playtheheist and @RemnantsNFT<br />

@voshy- Member of @_ledao, @SolanaMBS, @solBOOGLE, and ex-CPO of Solflare<br />

@MaxBrsNFT- Educator, strategist, writer, and lover of all things green.<br />

@Sea3P0- Musician, author, influencer, and YouTuber. @koalafan11 - Angel investor, apparently once spent 6k Sol on an<br />

SMB.<br />

@drewflet- Artist, head of DKS Art Council, founder of ForgeBots<br />

@jeditrinupab- Nekozuma co-founder, content-creator, and Web2 influencer<br />

@CryptoApe0- CEO of @MultiChainInc, advisor to multiple projects including @SharkyFi<br />

@wing_sol- Business Development at @MagicEden<br />

@yo_luchador- BAYC holder & @proof_xyz member<br />

@SolCultures- Founder of @TheRealmsDAO and @RebornSolana<br />

@juicecrypt0- Co-founder of @playtheheist via @longwoodlabs. Former athlete.<br />

@_MarkTan_- Member of @XDeGods, @HotHeadsNFT, @TheBOOMonsters, and CEO of @Tcapitalcoin<br />

@kubs23- Founder of @UndergroundD0A, co-founder @TheHiddenNFT<br />

@NFT_Doctor33 - @solBOOGLE member, degen whale trador, real-life doctor and erstwhile PHD student.<br />

@jedidiahelite- Founder of @eliteemperornft, buyer of the first 1000 Sol DKS purchase.<br />

@asiangirlintech- Angel investor, Head of Growth at @clockwork_xyz, and apparently the nicest person on Solana. This<br />

is NOT an exhaustive list. Yes, I missed people, no it was not deliberate. Apologies to the DKS holders above if any details<br />

are incorrect.<br />

// C O N C L U S I O N //<br />

DKS represents the embodiment of the value of community & connection, above & beyond the speculation of a specific<br />

token, coin, or jpeg. Like other similar communities, their biggest asset is their members, & as such they remain hugely<br />

resilient to market turbulence.<br />

From the Kings I have spoken with, there is no doubting this is a community of the very highest quality: character, knowledge,<br />

insight, and excellence. The member-list above, while not exhaustive, gives insight into this. “Community is the<br />

new meta”.<br />

You can find out more about DKS from their website: https://deadkingsociety.io which was created by the indomitable<br />

@KEMOS4BE.


@iamhenrykoko<br />

This Thread of for The Rise of Solana Meme coins in 2024!<br />

The Solana blockchain has recently witnessed a significant surge in the popularity and value of its meme coins,<br />

with several tokens experiencing unprecedented growth in 2024.<br />

One of the primary reasons for the meme coin frenzy on Solana is the blockchain’s ability to handle a high volume<br />

of transactions at low fees, making it an attractive platform for launching new tokens. This has resulted in a<br />

vibrant ecosystem of meme coins and new projects.<br />

98 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


Among the top performers, Dogwifhat ($WIF) has seen a<br />

remarkable increase in value, surging by 2,721.2% since<br />

the beginning of 2024. This growth can be attributed to a<br />

combination of speculative trading and community-driven<br />

hype, and strategy marketing by creators.<br />

Another notable success story is the meme coin Slerf,<br />

which has seen its market capitalization grow to $304.31<br />

million. This growth is partly due to the token’s unique<br />

branding and its strong presence on social media platforms,<br />

where it has garnered a significant following.<br />

The rise of Solana meme coins can also be attributed to<br />

the broader crypto market sentiment in 2024, with many<br />

investors seeking high-risk, high-reward opportunities in<br />

the wake of the 2022-2023 bear market.<br />

Despite their speculative nature, some Solana meme coins<br />

have managed to establish strong communities and ongoing<br />

development efforts.<br />

Projects like Book of Meme ($BOME) and Wen ($WEN)<br />

have introduced innovative token distribution models and<br />

utility features, aiming to provide more value to token<br />

holders beyond mere speculation.<br />

It’s worth noting that the meme coin market is inherently<br />

volatile and unpredictable, with tokens often experiencing<br />

rapid price swings based on market sentiment and hype<br />

cycles.<br />

As such, investors are advised to approach these assets<br />

with caution and conduct thorough research before making<br />

any investments.<br />

In conclusion, the rise of Solana meme coins in 2024 can<br />

be attributed to a combination of factors, including the<br />

blockchain’s scalability and low fees, a vibrant ecosystem<br />

of projects and the broader market sentiment favoring<br />

high-risk investments. As the trend continues, it will be interesting<br />

to see how these meme coins evolve and whether<br />

they can maintain their momentum in the long term.<br />

For those interested in learning more about Solana meme<br />

coins and staying updated on the latest developments,<br />

platforms like CoinGecko and Cryptopulseblog offer comprehensive<br />

market data and insights. Additionally, following<br />

the projects on social media can provide valuable information<br />

about their progress and community engagement.<br />

As we continue to monitor the growth of Solana meme<br />

coins, it’s clear that this trend represents an exciting and<br />

dynamic aspect of the broader crypto ecosystem.<br />

Whether these tokens will achieve long-term success<br />

remains to be seen, but for now, they offer a fascinating<br />

glimpse into the ever-evolving world of digital assets.


@0xGumshoe<br />

$500, the bare minimum price of SOL by the end of this cycle. Here’s why & how:<br />

Thought Process<br />

Solana should end this cycle with hundreds of billions of FDV or else the market is wrong Its metrics,<br />

activity, growth, adoption, and narratives all support this assumption.<br />

Simple Maths<br />

The thesis is simple: SOL should go at least towards ETH’s Bull Market Breakout price: ETH’s Bear<br />

Market Low: $131B ETH Bull Market Breakout: $227B Let’s go onto Price Targets:<br />

100 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


Bear Case<br />

The bear case for me is SOL reaching ETH’s Bear Market Low on the cycle top. This means that SOL would<br />

go to $296 per token.<br />

Medium / Optimistic Case<br />

It’s reasonable for SOL to hit the market cap of ETH when it had its bear market breakout. This means that<br />

SOL would go to $513 per token.<br />

Bull Case<br />

Ethereum’s bull market support and breakout price is around $2.5K or around $300B Market Cap This means<br />

that SOL would go to $679 per token


SOLETH<br />

SOL has severely outperformed ETH and is on its way to 0.1 Assuming ETH pumps 100%, at a 0.1 ratio SOL<br />

would be at ~$600<br />

Why compare Mkt caps?<br />

Because SOL is several times better than ETH while being 1/4 of its market cap There is no better L1 than<br />

Solana in any way so far tech-wise and adoption<br />

Thoughts<br />

Odds of Solana reaching ranging (+-$100) on the Medium case price target are quite high, obviously assuming<br />

this bull market isn’t over and still has a lot of steam. IMO Medium Case has 65% odds, 10% for Bear and 25%<br />

for Bull


What is SPL-404? Solana’s Hot New NFT Standard<br />

A novel token standard, SPL-404, is gaining attention<br />

on Solana for its ability to integrate NFTs and<br />

DeFi.<br />

This approach combines the distinct qualities of<br />

NFTs with the liquidity and fungibility of traditional<br />

tokens, creating a unique hybrid asset.<br />

This token standard allows swapping of NFTs into<br />

certain number of tokens, and vice-versa.<br />

What is SPL-404 Token Standard?<br />

Think of SPL-404 as a hybrid token — it uses<br />

Solana’s Token22 standard to mint NFTs with an<br />

intrinsic token value.<br />

Traditional NFTs represent unique digital items,<br />

such as artwork, collectibles, or in-game assets<br />

and are typically less liquid than fungible tokens<br />

because each asset is unique. SPL-404 changes<br />

this by allowing NFTs to have an intrinsic token<br />

value, effectively assigning each NFT a certain<br />

number of underlying tokens.<br />

This value can vary based on factors such as<br />

rarity, demand, or the tokenomics defined by the<br />

creators of a given collection.<br />

As a result, this token standard provides more<br />

flexibility in trading and accessing liquidity.<br />

find someone who wants the tokens worth.<br />

• Accessibility: SPL-404 can lower the cost<br />

of getting into NFTs; instead of buying a<br />

single expensive piece, you can get in at a<br />

level that suits your budget.<br />

• Flexible Use Cases: This new standard<br />

opens some possibilities. For example,<br />

in a game, an SPL-404 NFT might be an<br />

in-game item with a token value, making<br />

it easier to trade or sell when you’re done<br />

with it.<br />

What are some current SPL-404 Projects?<br />

Several projects on Solana are already adopting<br />

the SPL-404 standard.<br />

These projects leverage the hybrid nature of SPL-<br />

404 to offer unique digital assets with more liquidity<br />

than traditional NFTs. Here are some examples:<br />

1. Mutantmon<br />

2. Fluffys<br />

3. Mall Street<br />

4. Gogonauts<br />

Gogonauts, Mall Street, Fluffys, The Delinquents<br />

How does SPL-404 Combines DeFi and NFTs?<br />

SPL-404 combines DeFi and NFTs by enabling<br />

NFT assets to be more like traditional tokens.<br />

• Ease of Trading: If each NFT has a built-in<br />

token value, it’s easier to buy and sell. You<br />

don’t have to hunt for a specific buyer—just<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong><br />

103


@CompoundI3<br />

“THE COME UP” Shining the light on an artist who may not currently be in the spotlight. But personally, enjoying<br />

their work they might just be on the come up!<br />

@seminomaden is a photographer not afraid to experiment with different exposures and filters.<br />

Semi’s nostalgic style reminds me of a time when everything seemed simpler and full of life. A time when the<br />

days seemed to last forever, and worries were non-existent. “A glimpse of summer” collected by @Johnny_Vineyard<br />

“Pure Happiness?” collected by @Johndoe8891.<br />

104 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


Semi’s technique was influenced by Chinese photographer Fan Ho and abstract photographer Alexander Aka @<br />

wrapped_nil “The-others” collected by @N8Solomon.


@VainsangNFT<br />

I’ve been collecting art from multiple artists during all the bear market. Most of them are pretty much unknown,<br />

or at least highly underrated. So, I’d like to highlight a few of them in this thread and I strongly encourage you all<br />

to give them a follow.<br />

Let’s start with @kokoabdan_ AKA Devil Dan. He is as humble as he is talented. He is behind the Underworld Degens<br />

collection of new art as well as several collabs with DeGods and Primates with a great quality. He also works<br />

on @StolensNFT and has his own auctions.<br />

If you’d like to see the process (I love that kind of video myself), here you go! You like it? Go follow @kokoabdan_<br />

Then, let’s talk about @artikudee. I discovered him quite recently through @Pearlyrex who’s also an awesome<br />

artist too, but who is a bit more know in the space already. I love @artikudee clean and colourful style. I recently<br />

minted this one but he also makes animated ones.<br />

106 <strong>SHILL</strong> <strong>Issue</strong> #<strong>161</strong>


@NeuromindArt has been honing his skills as an artist<br />

since 2010 and started using AI in 2016. He’s a hard worker<br />

like I’ve rarely known and he has worked on the art for<br />

@NetrunnerNFT, Cyber Syndicate, @sol9lives and most<br />

recently @AlphaPharaohs Seers.<br />

Example of an animated artwork from @artikudee. You<br />

like it? Go give him a follow.<br />

I’d say his main vibe and what defines his style revolves<br />

around the Cyberpunk universe, and he likes to create a<br />

whole lore alongside his creations. A few months ago, he<br />

started a collection named Quantum Architects on http://<br />

exchange.art along these lines.<br />

Let’s continue with @NeuromindArt. He is an AI artist. I<br />

hear a lot of hate towards AI art, so let’s first address that<br />

shortly. People think that it’s not art, that it doesn’t require<br />

any work, or that the machine did all the job. That’s<br />

all wrong. It’s just a tool he masters.<br />

@NeuromindArt works in collaboration with his wife @<br />

DarkLadySolana, a lovely woman that likes to create in a<br />

more fantasy theme, with elves, fairies, and mystical creatures<br />

or places. She also deserves a follow. Here’s are two


pieces I collected from her.<br />

In a very different style, I just discovered @BoxPalette and<br />

I couldn’t refrain myself from buying this beautiful piece.<br />

Go check her work, it’s very refreshing.<br />

I’ll end with @Ubiquitous_Art, who is also an AI artist.<br />

He has his own strong style that I wouldn’t know how to<br />

describe with words but that he describes himself as “Psychedelic<br />

Sci-fi”.<br />

All I can say is that I vibe with a lot of his colourful pieces,<br />

just got this one btw.


Ubiquitous is also the artist behind the famous @The-<br />

OrbitalNFT which recently launched with an awesome<br />

collection. So once more, don’t hesitate to follow him.<br />

I didn’t talk about everyone, I love a ton of other artists,<br />

but some are already well known in the space such as<br />

@SCUMSOL or @Pearlyrex. I believe that every artist<br />

should support one another, so if you are tagged in this<br />

thread don’t hesitate to share and follow the other ones!


3dpunnk


aghasiana


aitezoart


artcons9


amman


amman


artvision


crossbow


d3vin


d3vin


edidan


j3dee


joeymono


loop


marcelokato


marcelokato


ainbow


srchappell


saranft


saranft


srchappell


yousefi


supernova


supernova


create your own mix


saranft

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