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SOLANA NFT/DEFI/TWITTER ECOSYSTEM<br />
15 sol facts<br />
Billkingtm contra fud<br />
is ai art<br />
subaruimpreza09<br />
evaluatorrrr<br />
glennhodlnft<br />
raffle strategy<br />
NFT_DOCTOR33<br />
sol successor<br />
iamkadense<br />
ISSUE #<strong>85</strong><br />
◎0.25<br />
& MUCH more
ISSUE<br />
<strong>85</strong>
4<br />
7 14<br />
50<br />
53<br />
FROM THE EDITOR<br />
50 evaluatorrrr<br />
GlennHodlNFT analysis<br />
Is AI art?<br />
56 57<br />
126<br />
128<br />
142<br />
Barndog & Metaverse<br />
Solana content creators #alpha<br />
Raffle Strat<br />
NFT_Doctor33 explains #alpha<br />
GlennHodlNFT analysis #alpha<br />
SubaruImpreza09 explores #alpha<br />
While you're waiting<br />
Kakashiisol plan of attack #alpha<br />
Who Gives a Crap?<br />
ArtCons9 about current pieces<br />
What is crypto?<br />
JoeMccann uses story to explain #alpha<br />
Solana's Successor<br />
IamKadense dives into Polygon #alpha<br />
15 Solana Facts<br />
BillKingTM about the FUD#alpha<br />
Michel23Ortega
<strong>Issue</strong> <strong>85</strong><br />
December 2022 and we are ploughing ahead with another JAM-PACKED issue. Over 100 NFTs, 8 articles,<br />
content from Metaverse_ME and Barndog back in the mix and all your favourite bits and bobs of information.<br />
Many thanks to those readers who have supported #<strong>SHILL</strong>zine by purchasing our NFTs. The pieces are originals<br />
and made by Pixeltoy, publisher of #<strong>SHILL</strong>. Every little bit helps.<br />
Major breakthroughs in the Solana space this week with a lot of Tweeps doxxing themselves after a year<br />
running projects. In the end you have to wonder why so many choose not to dox in the first place. NFT values<br />
did not increase or fall after the doxxing. Even ArteOvni doxxed and auctioned off a limited edition series --><br />
This issue brings back the #DAMswap section that launched on Dec 2. Around 30 NFT from the current offering<br />
are included here for your consideration. A few of them have minted out due to their limited numbers. Others<br />
are waiting for you to collect!<br />
The editions section has a solid 30 NFTs that are currently available. A few of them #<strong>SHILL</strong> managed to buy for<br />
the vault. EyeEyeMouthDes, BeverlyKills, YoboNinja and a fresh offering from Suga_Skies. #<strong>SHILL</strong> will definitely<br />
add more throughout the #DAMswap event.<br />
JoeMccann's piece is an interesting one this week as he gives an analogy to 'why crypto?' when talking with<br />
your friends. I guess the difficult part is the waiting. Mass adoption before 2025 may be a pipedream with<br />
many rises and falls to come. NEVER put into crypto what you cannot afford to lose. Simple.<br />
To all the new readers who have come on board this last week, #<strong>SHILL</strong> hopes you enjoy the magazine and<br />
spread the word to your friends. It looks like 10k views per week is within reach by the end of 2022.<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 543,104 Views across 84 issues (last week's total was 533,941 - almost 10k<br />
for the week!). That has to be something?<br />
Ready to dive in?<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 of the time. Sometimes<br />
controversial. Sometimes exciting. It is presented in these pages so that YOU make your own mind up.<br />
@Pixeltoy<br />
#<strong>SHILL</strong>zine still has pieces listed for auction. Every little purchase helps make this magazine worthwhile. Listed<br />
on both FF and Exchg. Proceeds go to helping this magazine grow and become better. All the World's a Stage<br />
is live now https://exchange.art/pixeltoy/ and Do You See Me? https://formfunction.xyz/@Pixeltoy.sol/<br />
The following pieces are what #<strong>SHILL</strong>zine collected over the past week.
Wetikos Edith Drip<br />
ArteOvni<br />
Pepe Gas mask y00t<br />
- o36<br />
eyeeyemouthdes
suga_skies<br />
beverlykillsnft<br />
yobaninja
BARNDOG GAMING<br />
https://www.youtube.com/watch?v=UUShmUj76mA<br />
Metaverse Explorer<br />
https://www.youtube.com/watch?v=AwtfjnhoYfw
@NetRunnerNFT<br />
6.3k followers<br />
223k SOL traded on<br />
@MagicEden the past 24<br />
hours.<br />
Solana NFTs are here to<br />
stay.
Keep your eyes on...<br />
Rejected y00ts<br />
CyberPunks<br />
Secret Sphinx Society
nft_doctor33<br />
DON’T RAFFLE YOUR SHIT OR BUY TICKETS BEFORE READING THIS. Everything you need to know about<br />
@FamousFoxFed raffles. A thread.<br />
A few days ago, I asked people if they wanted me to share my raffle strategy. And the response was overwhelmingly<br />
positive. So, I will explain everything that I know from both buyer and seller perspectives.<br />
Quote Tweet<br />
@NFT_Doctor33<br />
So, after my Mamba raffle ended. Decided to spend some Sol on raffles to understand the raffle market better.<br />
These 2 are my wins during the last 2 days.<br />
12<br />
<strong>SHILL</strong> <strong>Issue</strong> #83
The seller’s perspective:<br />
Buy a FFF or TFF and stake it.<br />
- If you don’t do this your raffle will not be featured on FFF website which means you will get much less exposure.<br />
- Also, holders only pay 2.5% per ticket sold and non-holders pay 5%.<br />
Connect your Twitter<br />
This is a security feature of FFF so that people cannot rig the system by buying their own tickets (well they still<br />
can but they have a risk of being flagged) If you don’t connect people will be less likely to buy your tickets.<br />
Be careful with raffle cycles!<br />
Raffles easily get oversaturated. When people see that it became profitable for rafflers. They start to raffle too<br />
soon after there are too many NFTs up for raffles and not enough buyers... Follow the trends and choose the<br />
right time.<br />
Total ticket value.<br />
If you are raffling a floor your total ticket value should not be more expensive than 35% of the floor price. People<br />
are not stupid. They are not going to pay 2x of the floor for your floor NFT (most of the time).<br />
Raffling rare NFTs.<br />
The look of the NFT is super important for your rare NFT raffles. Not everyone knows about the rarities of the<br />
collection that you are raffling. It must be clean, and it must look rare.<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
13
Risk of losing.<br />
Don’t forget there is a risk of not selling enough NFTs for your raffle. So don’t go all in with this and lose your<br />
most valuable NFTs for nothing. Start with small NFTs and see how it goes then you can slowly try big ones.<br />
The buyer’s perspective.<br />
Don’t lose yourself!<br />
Buying tickets could be quite addictive and you easily lose all your bags within a few days.<br />
You will see 5-10 posts a day on CT winning and celebrating. And you can easily think that I wanna win too! But<br />
that is called publication bias, you only see the winners on Twitter. People who lose it all generally don’t share it<br />
on Twitter or get engagement.<br />
Develop a strategy.<br />
Here are some free tips from me:<br />
A) Don’t buy tickets from overbought raffles. - If the ticket total value is 2x of the floor for a floor NFT and most of<br />
the tickets are already sold don’t buy it there are better raffles out there.<br />
B) Always check all raffles tab. Featured section only FFF/TFF holders rafflers, all raffles for everyone. So, if you<br />
check all raffles, you will find raffles with better chances (because they are not featured much fewer ticket buyers<br />
hence the chances of winning)<br />
C) Bulk buying (not my favourite) If you are bulk buying (you can buy up to %20 of total tickets from one wallet)<br />
wait for the last minute to put your bid in. Only bulk buy if the raffle has not sold enough tickets and your chances<br />
of winning are good.<br />
D) One ticket for all! (my favourite) To explain this I will give an example Imagine an NFT valued at 100 sol raffled<br />
for 100 tickets for 1 sol each You can choose to buy 20 sol worth of tickets from this raffle (bulk buyer) And your<br />
outcome would be either 0(lost) or 1(won)<br />
14<br />
<strong>SHILL</strong> <strong>Issue</strong> #83
Now imagine the same scenario but instead of buying 20 tickets from one raffle, you buy 1 ticket from 20 different<br />
raffles with the same conditions (100 fp NFT, 100 tickets 1 sol per ticket). In this case, your outcome will be as<br />
follows:<br />
Raffle 1 outcome == 0(lost) or 1(won)<br />
Raffle 2 outcome == 0 or 1<br />
.<br />
.<br />
.<br />
Raffle 20 outcome == 0 or 1<br />
So, if you lose all 20 raffles it will be equivalent to losing one raffle that you paid 20 sol (bulk buying)<br />
However, with this method, you have a slim chance of winning multiple raffles which you didn’t have with the<br />
bulk buying method. I spent around 30 sol to buy one ticket last week and in return, I won 40 sol worth of NFTs.<br />
I’m not saying this method has a 100% success rate, but if you don’t have the time to do last-minute bulk bids,<br />
statistically speaking this is a much better method for you.<br />
Final thoughts:<br />
Currently, we are in a raffle meta. The main driver of this meta-IMO, is the Solana prices. Bc Solana price is super<br />
low atm people don’t really care about the few dollars that they spend on gambling.<br />
However, if this continues like this, I expect the raffle market the oversaturated again which will result in rafflers<br />
losing money and fewer raffles per day due to high risk.<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
15
4thson2
ArteOvni
ArteOvni
BastyAdler
BeverlyKills
Dmitry Martovsky
EMCN13
JakeWhiskey
KAPphoto
KAPphoto
Kheldar
MothMan
MothMan
PicbyBin
Pozer___
QunLeo
RubenSalvo
RubenSalvo
ShafwanZaidon
kannabis_kat1
BeverlyKills
cyb
ebro
esthersescape
eyeeyemouthdes
eyeeyemouthdes
g3rm
JuntDoe
kannabis_kat1
0b0 sapiens
suga_skies
yobaninja
yobaninja
Glennhodlnft<br />
For our next evaluatorrrr thread, let’s look at another one of Solana’s top projects, @stonedapecrew, on today<br />
the eve of their 1st anniversary. These guys are one of OG Solana projects and their longevity is testament to<br />
their success.<br />
1. Vital statistics Name: Stoned Ape Crew. Stats at the time of writing:<br />
2. Founder(s) & Links<br />
Headed by a crack team including @pfo_sac, with art by @stoner0015, and head dev MSF. Links: https://<br />
stonedapecrew.com https://docs.stonedapecrew.com<br />
3. Genre/ type<br />
Interesting one this. On the surface they are a community lifestyle brand based on, well, cannabis. Scratch the<br />
surface, though, and they are a tech company par excellence.<br />
4. Trading potential<br />
Strong: Plenty of fluctuation, traits and rarity with bespoke trading potential. Also a good hodl, with staking for<br />
their $puff token amongst other benefits.<br />
5. Recent price action (NEW)<br />
The pump recently could be explained by market correction after Solana’s woes, however there’s no doubt the<br />
floor is healthy given the conditions. Listings this low: a green flag.<br />
50<br />
<strong>SHILL</strong> <strong>Issue</strong> #83
6. Utility<br />
Seen as one of the original ‘builders’ of Sol. They pioneered staking, earning the $puff token which powers their<br />
ecosystem. Merch, irl events, gameified rescue missions, and more. They also have several powerful tech products,<br />
including @PuffProtocol (NB - @puffprotocol is a Web3 based payment system, not unlike that that has<br />
been developed by @helionsNFT)<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
51
7. Market resilience.<br />
Strong. Recent price action demonstrates that in turbulent times, people return to trusted projects who are proven<br />
builders. That sums up @stonedapecrew well.<br />
8. USP/ X-factor<br />
A weed based lifestyle brand and a tech powerhouse? Not everyone’s cup of (hash) tea, but clearly they have a<br />
niche and it works for them. But I think their true USP is community, as the next tweet demonstrates:<br />
SAC sub DAOs include:<br />
@StonedApeArtDAO<br />
@SAC_farmers<br />
@SAC_Scientists<br />
@AstroHelmetSAC<br />
and there’s probably more. These guys and gals were subDAOing long before it was a trend.<br />
9. Conclusion<br />
TL:DR: @Stonedapecrew are one of the Solana OGs. Some would call them blue-chip. Tech, weed, community (@<br />
stonedapefam will be able to help you there). They’ve got it all!<br />
52<br />
<strong>SHILL</strong> <strong>Issue</strong> #83
subaruimpreza09<br />
Does AI art “count” as art ??<br />
Common arguments against the validity of AI art:<br />
> “it requires no skill”<br />
> “anyone who can string words together can create full compositions quickly”<br />
> “it is ‘cheating’; the machine does the work for you”<br />
> “it requires no creativity” I took a poll to gauge sentiment:<br />
Quote Tweet<br />
@subaruimpreza09<br />
How valid is AI art as an artistic medium on a scale of 1-10? (10 = just as valid as painting, drawing, sculpture,<br />
etc.)<br />
It’s true that anyone can make AI art. But anyone can make a drawing too. What separates museum drawings<br />
from fridge drawings is quality and concept. There are distinct differences between high and low quality AI art<br />
that are easier to spot as you interact with it more.<br />
Over time, AI art will become more and more commonplace in our society, meaning everyone<br />
will have somewhat of a trained eye to see these differences. Extreme quality disparity<br />
is easily spotted, however. (L) a quick prompt I typed versus (R) @NeuromindArt’s art<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
53
A machine can create a full artistic composition very quickly. Does that bother you? Use photography as a familiar<br />
example. > A photo takes a split second to capture. But knowing your camera’s features, planning a composition,<br />
and editing are where the real work comes in.<br />
Knowing your camera’s technical features + planning a composition is analogous to learning how to feed the AI to<br />
get an output that matches what an artist is envisioning You have to understand the nuances of the AI in order for<br />
it to really work for you.<br />
Editing is analogous to re-working and touching up AI compositions An AI artist may iterate through hundreds of<br />
prompts, tweaking until they get the piece they are satisfied with (L): a peony garden on top of a hill (R): a peony<br />
garden on top of a hill in the sunlight<br />
54<br />
<strong>SHILL</strong> <strong>Issue</strong> #83
Details don’t come out of thin air. To achieve the detail<br />
(or even intentional minimalism) necessary to create truly<br />
compelling AI art, an artist’s imagination must dictate<br />
all the necessary components.<br />
Our society is becoming increasingly technologically advanced.<br />
Art reflects society and society reflects art.<br />
Unique things that AI art brings to the table: > Visualizing<br />
the art of creative linguistics > Visualizing the art of<br />
human-machine interaction > Exceptionally large range<br />
in the variety of outputs<br />
AI art will only get harder to distinguish from handmade<br />
as time goes on -- how can we be at peace with that? My<br />
prediction is that the question will be less about “is this<br />
AI art or not?” but “is this high quality or not?” much like<br />
we do with other art mediums.<br />
I’ll leave you with this: Kant (famous philosopher) defines<br />
fine art as “a kind of representation that is purposive in<br />
itself and, though without an end, nevertheless promotes<br />
the cultivation of the mental powers for sociable<br />
communication” “immanuel kant picasso style”<br />
Placing certain phrases, punctuation, and syntax in a<br />
prompt changes the output. As AI artists experiment,<br />
they learn how to capitalize on these nuances. In a<br />
way, they are “trained” by the AI much like the AI is<br />
trained. (L) - the sun in a box (R) - the sun inside of a<br />
box<br />
P.S. I made the AI art for this thread with @midjourney<br />
-- I would 100% recommend trying it.<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
55
Kakashiisol<br />
1. acquiring skills: this is the time to learn some skills. Pick a niche and work on it. It can be video editing, technical<br />
analysis, development. Learn it as best you can and try to look for paid work. Solana has great programs and<br />
initiatives for devs.<br />
2. building connections: “your network is your net worth” couldn’t be truer for web3. Talk to people, build connections,<br />
talk to founders, and take this time to absorb all the knowledge you can. These people are freer in a<br />
bear than in a bull so take advantage of that fact.<br />
3. self-improvement: web3 can be stressful at times. Take this time to reflect on whatever trades you’ve made,<br />
why some took off and why some didn’t. Look at things from an unbiased perspective and understand why you<br />
made certain mistakes.<br />
apart from that, also take some time off if you need to. Practice meditation and clear your mind. This space for<br />
all its merit, can become very narrow sometimes. It has a way of sucking you in and it can become all you think<br />
about.<br />
Take a deep breath and focus on the things important to you: your family, the people you love. Some time away<br />
from this space might give you a sense of clarity which will in turn lead to better decisions in the long term.<br />
4. picking the right plays: now this is the trickiest part but the part which will keep us all sane. We have all gotten<br />
used to seeing numbers which are almost unachievable in the bear. If you keep yearning for the same magnitude<br />
of gains, you will get rekt.<br />
Accepting that we are in a bear is the first step to making profit. Timing and conviction are the key elements<br />
when looking to making trades. These two qualities are paramount. If we look at a project that has made people<br />
considerable gains, there is much to learn.<br />
I will probably do that in a different thread since that is not the objective here. Understanding that every mint<br />
you do will not 2x like it did earlier is very important. Cash grabs have gone down every single day and I think<br />
investors are becoming smarter.<br />
At least that’s what I think anyways, don’t know if it’s true. Be more selective and critical with your $SOL, don’t<br />
waste it because it’s at 14$, I’m sure a lot of you (me included) bought much higher. Analyze projects and be very<br />
choosy with what you invest in.<br />
Most of all, don’t lose your mind and keep yourself happy. Nothing else really matters anyway.<br />
56<br />
<strong>SHILL</strong> <strong>Issue</strong> #83
Artcons9<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
57
DAM ZINE
DAM ZINE
4thson2
AnnieHashim
BastyAdler
BlockFramez
CitrusScrub
DMartovsky
Degen Poet
Dimensi_Delta
Dimensi_Delta
DrRobo7
EvWiBeal
HipocreateID
InMind
JpegDudeSol
Kev the Cactus
LOTUSJOSEPHINE
Lara_art
Lara_art
Michel23ortega
MindsEye_
Mr Moist
NoeticDmension
OKitEW
RisaArtist_FF
SakunKanishka
SakunKanishka
ScorchBeats
ShafwanZaidon
Subekti
Subekti
The ExchangeArt Photo Collective
The ExchangeArt Photo Collective
The ExchangeArt Photo Collective
Ubiquitous
UltrasGhost
YanadhyanaArt
YoelKSOL
YoelKSOL
ZANAX_XER
Zacky86sanji
anggatantama
arief9kb
eruangbesars
illxmono
illxmono
ebro
ebro
hirokodraws
hirokodraws
hirokodraws
huxsterized
infinite_riot
infinite_riot
koyung500
koyung500
lollygagdesign
lollygagdesign
mauricedotxyz
mirandaparkeer
mirandaparkeer
mirandaparkeer
neymrqz
@joemccann<br />
This morning I got the same question @mdudas got from a mutual friend about what I›d say to 100 of the world›s largest<br />
asset managers as to why crypto will be a $10T asset class.<br />
My response was to use “storytelling by analogy.”<br />
See below.<br />
Remember what music was like in the 1990s? You would go to Tower Records or your local music shop, and buy a CD, in<br />
some cases, in an oversized cardboard box, you’d get maybe 12-14 tracks of music, and the cost was around $16.<br />
This model served the near monopoly that a handful of powerful record labels had, but it also controlled how music was<br />
selected and, most importantly, how music was *distributed*.<br />
Eventually, “the people” wanted more - a broader selection of artists, new genres of music, and, again, most importantly,<br />
easier *access* to said music, all the while driving the costs significantly lower.<br />
Enter Napster.<br />
Technologists had figured out how to disintermediate music distribution by leveraging software and the internet. In essence,<br />
the people had “had enough” of the status quo for the music industry and found a clever way of disrupting it - software.<br />
Since then, the music industry has become largely unrecognizable.<br />
At first, the music industry *ignored* P2P networks like Napster.<br />
Then they mocked it (Metallica’s Lars Ulrich on the 2000 MTV Music Awards Napster PSA).<br />
Then they fought it tooth and nail, implicating 12-year-old kids in lawsuits.<br />
cnn.com/2003/TECH/inte…<br />
Then, they ultimately adopted streaming which now makes more money for the music industry than ever - $25.1B alone in<br />
2021.<br />
The gist of the story here is that an industry, the music industry, became *digitally enabled* and is now a fundamentally<br />
126 <strong>SHILL</strong> <strong>Issue</strong> #83
different business altogether.<br />
What happened to the music industry is what is happening to finance. And how big is the finance market? That market is the market<br />
of MONEY.<br />
Whereas the music industry is a sub $75B market, tiny compared to other industries, the market of money is literally all of money,<br />
hundreds of trillions of dollars.<br />
Cryptoassets are *digitally enabling* money. There has never been a market so massive and so ripe for disruption.<br />
There is no market greater than the market of all money.<br />
Banks, like record labels, have had a near monopoly on financial services and money for decades.<br />
The people want something different. Enter Bitcoin. A technologist or a group of technologists invented Bitcoin and, since then,<br />
myriad other cryptoassets and networks. Finance has been the last major industry to truly become disrupted by software and digital<br />
transformation; crypto is the wedge into digitally enabling money. The current total market cap of crypto is less than $1T.<br />
If you assume the market cap of money is $1000T (this includes investments and derivatives), then if crypto captures just 1% of this,<br />
$10T is a reasonable target for its future market cap.<br />
Any questions?<br />
Now recall, the question was how would I “articulate to a group of 100 of the world’s largest asset managers...” -- this means I need<br />
to convince/coerce/sell them.<br />
You can disagree with the approach or the math or nitpick certain aspects of the thread but that misses the point.<br />
The art of storytelling is an incredibly undervalued skill for selling in crypto. Using pure logic or ideology (e.g., Bitcoin Maximalism)<br />
tunes most people out, especially those who are seeking understanding of how *big* a market is.
@iamkadense<br />
What’s going on with Polygon? Claim’s of Solana’s successor already declared auto-Matic winner. Let’s take a deeper dive<br />
in comparing the two chains. It’s time for a Pengu.<br />
As a bit of background, I was a power user of Polygon when defi farming. There were rich reward incentives w/ Matic<br />
and used AAVE, Sushi and Curve there. It was cheaper, faster and smoother experience than defi farming on ETH L1.<br />
Business Development (BD) team at Polygon has been crushing it w/ their web2 client wins. With each new big brand<br />
they get in partnership, easier the next one is. This reduces career risk for web3 initiatives. There used to be a business<br />
saying, no one gets fired for buying IBM
Specifically, for NFTs, there was a great success with the Reddit launch of “digital collectibles” that onboard 3M<br />
users into wallets called vaults. The marketing trick for onboarding was avoiding the term NFT.<br />
The 3 million user headline is eye popping. It’s no wonder everyone’s favorite largest marketplace on Solana has<br />
just added on Polygon as their 3rd chain. IF there is traction on Polygon for NFTs, ME wants to be there.<br />
Quote Tweet<br />
@MagicEden<br />
1/ @0xPolygon @MagicEden Today, we’re continuing our multi-chain vision by adding Polygon as our 3rd chain!<br />
We can’t wait to partner w/ world-class game developers, creators, & everyday brands joining web3. Read more:<br />
http://bit.ly/3VAeDuj Our launch partners<br />
Polygon’s business development team has been actively recruiting projects on Solana for partnerships and potential<br />
migration over. Here is one announcement from @catalinawhales partnering with both ME and Polygon.<br />
Predict more of this to come. https://twitter.com/0xPolygon/status/1595229229276348417?s=20&t=cj3SzHgN-<br />
3vn64sXLsa2r-g…<br />
This Tweet was deleted by the Tweet author.<br />
It seems the writing is on the wall. With FTX / Alameda blow up and our Altruist SBF’s plan to positively change<br />
the world ruined, Solana is going to be killed by Polygon. It’s over. All the Web2 Wins + Targeted focus on our<br />
NFTs, how will Solana Survive?<br />
Or is it ...<br />
First let’s look at the tech differences: Trilemma Tradeoffs in crypto are between Security, Scalability and Decentralization<br />
How does Polygon do? Polygon is NOT a L2 . It is currently a side chain to ETH until it launches its<br />
zkEVM solution. Why is this important?<br />
As a sidechain, it does NOT have the same security or settlement assurances as a L2 rollup on ETH. As a result, it<br />
is important to explore the strengths of the chain itself since it is not the same as ETH. It ranks lower than ETH on<br />
security. How does it do against SOL?<br />
Both SOL and Polygon are Proof of Stake chains. One important metric of security is the Nakamoto Coefficient.<br />
This represents the lowest number of validators to censor the network. The higher the number, the more secure.<br />
As of August, Solana is 10x HIGHER than Polygon’s N.C.<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
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These don’t appear to matter because Polygon keeps<br />
winning the Web2 relationships so usage is dominating<br />
on chain. Right? Let’s unpack the volume on the top 3<br />
marketplaces for Solana vs Polygon. Sol has ~18x more<br />
volume with 3x more users.<br />
If they give up on security in trilemma, it must be<br />
because they are better at their scaling solution. Right?<br />
According to https://realtps.net, the TPS for Solana is<br />
a 11x FASTER rate than Polygon. A 10x improvement in<br />
scaling solution would still put them behind Solana.<br />
Maybe Polygon needs developers to help? ETH has the<br />
developer lead, but Solana ecosystem is on their way.<br />
If you look close at the bottom, you can see cluster of<br />
other chains. Below Cardano... is Polygon.<br />
If we take a comparison for the top 5 projects on both<br />
Solana vs Polygon, the 3rd project on SOL - SMBs has<br />
2x higher volume than the top 5 projects on Polygon<br />
COMBINED.<br />
130 <strong>SHILL</strong> <strong>Issue</strong> #83
Thesis is that NFT is culture on-chain. Chains have tried to<br />
port away from SOL like NEAR, AVAX and APTOS. All have<br />
failed. Culture is not so easily moved. If Polygon is EVM, why<br />
haven’t they taken share from ETH NFTs? If you think it’s<br />
easy, I got a bridge to sell you.<br />
Now I do want to call out @solana, Polygon Business Development<br />
and Marketing is killing us in the game. While<br />
tech and user advantage is there for SOL, why not level the<br />
playing field w/ big investment in Business Development?<br />
Absolutely no reason why SOL can’t have these Ws.<br />
What does this look combined? Here is a chart comparing<br />
SOL vs Polygon over the last year. RED is Solana. Yellow<br />
is hard to see. https://theblock.co/data/nft-non-fungible-tokens/nft-overview/nft-trade-volume-by-chain…<br />
TLDR: Polygon vs SOL 1. Web2 Victories 2. Less Security 3.<br />
Less Speed 4. Difficult Tech Scaling 5. Not more reliable 6.<br />
Past Fatal Security Risks 7. Less Developers 8. Less Economic<br />
Usage 9. NFTs are sticky on SOL and not easily ported 10.<br />
Solana BD needs BIG improvement<br />
Tagging some of solana leadership for added visibilty on<br />
Polygon’s targeted push for Sol’s NFT community and need<br />
for improved BD wins/marketing is critical post FTX narra<br />
Critics may say Polygon is focused and spending money,<br />
they will be able to port over the community. Possible<br />
but... There’s no guarantees. SOL NFT market is a moat.<br />
Even w/ a large fund, AVAX was unsuccessful in capturing<br />
NFT market.<br />
Avalanche Commits $290M in AVAX to Attract Gaming,<br />
DeFi and NFT ‘Subnets’<br />
I can’t recall the last time I saw someone using an AVAX<br />
NFT but wanted to confirm on-chain the conclusion that<br />
$290M fund was unsuccessful for AVAX vs SOL. Outside<br />
of the spike in Q1, NFT volume for AVAX has all but gone<br />
away.
thirtysixman1
thirtysixman1
Vanta
Yepstt
yns_gh
yns_gh
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Zana_Xxer
4c3m1t4
theZK
BillKingTM<br />
Everyone’s been FUD’ing #Solana to death lately, so I decided to drop 15 cold hard facts about $SOL you should<br />
know about.. Let’s correct the narrative with data, shall we?<br />
Daily Transactions vs Top L1s: More transactions happen every day on Solana than any other Layer 1.. period. In<br />
fact, SOL pumps out more daily transactions than all of the competing L1s combined<br />
Daily Active Addresses vs Top L1s: Solana comes in 3rd place, this is an interesting trend to watch. NFT trading<br />
behavior may lend itself to less daily activity, as opposed to DeFi-heavy chains. Either way, respect to Polygon for<br />
creating daily user habits.<br />
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<strong>SHILL</strong> <strong>Issue</strong> #83
Current Price Since April 2021: Solana’s price has dropped quite a bit since its peak, but overall is holding value<br />
quite well vs other L1s. Reminder that timing is everything in investing.<br />
Solan KPIs L12 Months: Transactions recovering, TPS on fire due to network upgrades, revenue/fees recovering,<br />
4X growth in active programs (indicator of future growth), dApps exploding, NFTs absolutely on fire, amongst top<br />
3 most decentralized PoS chains.. Data, not opinions.<br />
Solana TVL: Not great to see TVL drop off so fast, particularly with DeFi competition heating up. TVL can be sticky,<br />
but possible that @jump_firedancer will lure some of this TVL back in 12-16 months as DeFi users look for higher<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
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frequency capabilities. Time will tell.<br />
Solana Decentralization: One of the most common misconceptions I hear repeatedly - Solana is the 2nd most<br />
decentralized PoS chain behind ETH. Share this with some SOL haters - the facts are the facts people!<br />
Solana Dev Growth: Absolutely on fire 2nd most devs behind ETH, growing at an absolutely epic pace. All of the<br />
investment in @hackerhouses and the work of the DevRel team (led by @therealchaseeb) is clearly working.<br />
144<br />
<strong>SHILL</strong> <strong>Issue</strong> #83
Solana Daily Code Commits: Slowing down, but significantly better than other top L1st that have seen developer<br />
activity fall off of a cliff. Solana is the #3 chain in terms of daily Github commits (and growing fast..)<br />
..for context, ETH has had only 682 commits whereas Solana has had 3,750 (+450%) over the same period. You<br />
can’t put TOO much into this, as not all commits are equal, but it’s good context for those wondering why Solana<br />
network stability has improved so drastically as of late.<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
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How do devs feel about SOL after recent events? One word – bullish. This poll indicates that devs are not scared<br />
off despite the overwhelming FUD circulating. Devs are here to stay, building the future on Solana<br />
Where are the Solana devs building?: They’re sticking with Solana, but poking around.. This is to be expected.<br />
Devs are a curious bunch, would be foolish to assume they’d be 100% all-in on Solana exclusively, but strong dev<br />
retention is a massively bullish sign.<br />
146<br />
<strong>SHILL</strong> <strong>Issue</strong> #83
Solana Developer NPS: Solana devs are not only joining at an epic pace, they’re recruiting other devs! Referrals<br />
are a strong indicator that dev PMF is here - this provides a competitive advantage over other L1s who need to<br />
spend more money attracting devs.<br />
Solana Consumer NPS: Not only do devs love building on Solana, but so do consumers who actually use the<br />
products within the Solana ecosystem. Dev + Consumer NPS = Network Effects are about to explode on Solana<br />
next bull run.<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
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Solana FTX Exposure: Solana is not FTX Sure, FTX heavily invested in the ecosystem, but many did not have direct<br />
exposure. Of those that were impacted (such as Serum), they’ve already been forked and are being rebuilt by the<br />
community. SOL is now more decentralized.<br />
Solana NFTs: NFT sales continue to grow, despite a nasty bear market. By this time next year, it’s possible Solana<br />
will flip ETH on NFT sales and never look back. Amazing progress in such a short period of time. Solana is still in<br />
beta people!<br />
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<strong>SHILL</strong> <strong>Issue</strong> #83
All the above data came from @invest_answers who puts in so much hard work and produces (IMO) some of the<br />
best content in crypto.<br />
<strong>SHILL</strong> <strong>Issue</strong> #83<br />
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