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The Saint Eclectic Profile picture
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9 Oct, 4 tweets, 2 min read
Thread drop tomorrow morning PST on an interesting phenomena that may not be all that sustainable but has nevertheless gained popularity in the NFT space. #NFT #Ethereum #NFTCommunity #Solana #SolanaNFT
(The gif is a reference to the topic btw)
And just to be clear - it's just a thought piece with examples. Nothing particularly damning or urgent IMO.
Thread written. It's a long one so enjoy:

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More from @sainteclectic

The Saint Eclectic Profile picture
9 Oct
One of the more recent features to hit NFTs has been revenue-sharing mechanisms.

“You mean I can be a collector of fine jpeg art that pays me money for holding it? Sign me up!”

Not so fast buddy, here's why. 🧵👇 #NFTs #SEC #Royalties #Ethereum #Solana #SolanaNFT
Before we start a big shout out to @Digitalxmisfits for his big brain collaboration on this topic, give him a follow.

Also to the @DegenDAOO and @ThugDAO. I am lucky to sit on their DAO councils which allows me to engage in some interesting discussions on NFT/DAO development.
In the last few weeks we’ve seen quite a few projects adopt this mechanism to attract buyers. On Eth @CyberKongz is one of the best known examples.

It is a collection of 1000 34x34 pixel apes with the 990 Genesis versions paying out 10 $BANANA tokens p/day to holders for 10 yrs
Read 32 tweets
The Saint Eclectic Profile picture
7 Oct
Today this account quietly made it past 5,000 followers! It's a tiny milestone but one that I'm very grateful for, thank you all!🙏

To celebrate I wanted to reflect on this journey and how far we've all come in the NFT space.

For today, a brief history of Solana NFTs.🧵👇 Image
In April I began hearing about Eth NFTs. I was skeptical at the time (especially given how high prices had run) so I decided to look for alternatives on Solana

The first NFT I minted was a @SolariansNFT for the reasonable price of 5◎

I was so excited... then the market crashed
The May crash sucked the air out of cryptoland. People were liquidated and portfolio values halved.

Yet there were stirrings and embers of hope: as the market recovered in July I noticed mentions of a project involving beautifully rendered 3D ape NFTs...
Read 22 tweets
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"🧵👇
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.
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
17 Sep
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:
Read 9 tweets

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