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The Saint Eclectic Profile picture
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17 Sep, 9 tweets, 3 min read
I like writing threads to inform, educate and further learning on all things Blockchain, Cryptocurrency, DeFi and NFTs.

This is a thread of threads so past topics can be easily referred to.

Click "See all threads" to unfurl the topics:
🧵🧵🧵👇👇👇
How to identify good NFT projects:
Defi on the Solana network:
Rise of the Solana network & the importance of keeping an open mind no matter what bags you have:
Some NFTs have emerged on Solana that are direct clones of Eth projects. Critics are quick to declare Solana the home of low quality scams - why is this the wrong take?
Further investigation on the clone NFT projects points to them being staged solely for the purpose of stirring trouble and bringing negative attention to the Solana network.

This is an important piece to share to spread awareness:
With the oversaturation of NFT projects we are asking now more than ever what makes a good NFT project with a strong community.

Time for a case study in how to do it right. This is the story of birds. This is the story of thugs. @thugbirdz @thugDAO

I’ll just leave this here…
NFTs on Solana grew rapidly in August 2021. Early NFT auction sites profited greatly from this.

How did they go about doing this and how should we, the community think about acceptable standards of behavior going forward?

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More from @sainteclectic

The Saint Eclectic Profile picture
24 Sep
@MilstGuga & I recently wrote a thread documenting what NFT marketplace @SolanartNFT has made ($15m) & its listing habits.

Join us (@MattSolana @hoaktrades @secretPANDA007) as we go down the rabbit hole of some of Solanart's accounts. After all, "blockchain is proof"🧵👇 Image
Before we begin a shout-out to @MattSolana @hoaktrades @secretPANDA007 & @MilstGuga. Their analysis and digging helped me put this together.

There is a maze of transactions & linked accounts and we only scratch the surface here, so we could always use the help of more people. Image
Solanart take a 3% cut on all successful auctions. These fees automatically go to wallet E6dk...AuJH ("Solanart's Fee Wallet").

If you've ever sold an NFT on Solanart - open up your transaction and you will see the address come up, receiving a 3% cut of your listed price.
Read 21 tweets
The Saint Eclectic Profile picture
21 Sep
With the frenzy of NFT activity we've seen its hard to believe Solana is still in its infancy.

Early movers in the space were lucratively rewarded, so how did they go about achieving this?

This is a story is about everyone’s favorite NFT marketplace @SolanArtNFT 🧵👇
Before we start, shout out to community champion @MilstGuga who worked with me on this. It took quite a lot of digging so thank you also to those who shared their experiences.
Solanart (completely unaffiliated with the @Solana foundation despite its name) was the first NFT marketplace on Solana.

It's earliest listing in July was cryptopunk copycat @PunksOnSolana and the team is run by a lean four man team with some mod support.
Read 31 tweets
The Saint Eclectic Profile picture
20 Sep
With the oversaturation of NFTs we're asking ourselves now more than ever what makes good project with strong community engagement

Gather round, it's time for a story about the little NFT project that could

It's time for a story about birds, who are thugs @thugbirdz 🦅🦅🦅🧵👇
Thugbirdz is a collection of 3,333 uniquely generated, tough and collectible birds, that are also thugs.

Each have unique traits like shades, face tattoo, head accessories, bling and the most importantly: favourite rapper (jay-z, tupac, biggie, outkast, wu-tang)
They were created by @0x_thug, a one man show inspired by @DegenApeAcademy & @SolanaMBS NFTs. He bootstrapped the entire project himself and designed the art. (Devs & community managers came later).

With such limited resources it was bound to be a rocky start...
Read 21 tweets
The Saint Eclectic Profile picture
7 Sep
Recently there has been an NFT explosion on Solana. As new entrants & capital flow in, low-effort cut & paste cash grabs have emerged.

So, how do you identify a good NFT project?

Some of my learnings below:🧵 👇 #NFT #NFTs #SolanaSummer #Solana #SolanaNFTs
1/ Engagement: a great level of activity, replies and responses from mods & community members. Look at their twitter and discord to analyze # of followers and the team's responsiveness and how well they answer questions. @DegenApeAcademy & @SolanaMBS do this particularly well.
Projects with 10k+ members in their discord and ~5k+ in their twitter typically signal good traction.

Meanwhile projects that don't even have their own dedicated discord are ones to be wary of e.g. @solpunks @boldbadgersquad are owned by & sitting in @SolanartNFT's servers.
Read 21 tweets
The Saint Eclectic Profile picture
1 Sep
0/ Some fellow @BoredApeYC apes asked for a general guide to NFTs on @solana. As a new member of @BoredApeYC but early SOL user I wanted to help some of my fellow apes get set up.

🧵🧵🧵 👇👇👇 #apefollowape #apetogetherstrong #mayc #NFTs #SolanaSummer #Solana
1/ Firstly, get an @FTX_Official or @ftx_us account to buy $SOL and transfer it to your phantom wallet free of charge. Tx are completed in <5 secs and best of all cost ◎0.00001($0.001)... say goodbye to painful ETH gas fees!
2/ Download & set up @phantom web-extension wallet.
- Connect & use a HARD wallet to store your main stack
- Use the @phantom-assigned SOFT wallet to participate in NFT mints. It ringfences your main stack in case you ever accidentally click a scam link:
Read 11 tweets

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