Test, Break, and Find Product Market Fit.
@solana's infrastructure has lead it to be the the defacto leader in crypto trends.
If you want to get ahead, the SOL trends of today are the ETH trends of tomorrow.
I dug deep into this meta, here's what I found🧵👇
#happenedonSOL
If you enjoy this thread, follow @NFTomics {token} & my substack tokenthreads.substack.com/ for venture capital, nfts, crypto, & macro deep dives.
We'll be covering:
1. Royalties
2. Marketplaces
3. NFT Tooling
4. NFT updates
5. What's next
{1/11}
{Genesis}
I was recently on a call with @0xMick from @hey_wallet when he made the statement:
"one of the many reasons we like @solana is because (it's early) it feels like a lot of what we're seeing in @ethereum had their genesis on SOL"
so I dove in to see if it was true👇
{royalties on @solana}
It's October 2022, @MagicEden announces 0% royalties. A decision largely driven by the founders of major projects who we're frustrated by a vast majority of secondary sales going through @FamousFoxFed (master builders) or @YawwwNFT
twitter.com/MagicEden/status/1581101016686399491?s=20
{royalties on @ethereum}
It's December 2022 (three months later), OpenSea is recognizing the storm of controversy around royalties that is now brewing the the twitter spaces of @notthreadguy & @EasyEatsBodega and decide to do something about it.
twitter.com/opensea/status/1600913295300792321?s=20
{Marketplace Shift}
It's June 2022 @cburniske & @0xrwu are getting ready for the beta version of @tensor_hq before this the company was bootstrapped off 70k from two hackathons.
TT helped move the ecosystem to a "pro-traders model" as well as one that actively rewards traders.
{Marketplace Shift on @etherum}
It's October 2022 (five months later) @PacmanBlur & @paradigm launch on mainnet unlike other ETH marketplaces that target retail users, Blur is also designed for professional NFT traders.
Users are rewarded 'Care Packages' the contain $BLUR.
{NFT Tooling on @solana}
It's November 2021, @FoxyDev42 & @draxxts are finalizing the last iterations of FoxySwap. They had no idea that this would spark an era of trusted P2P swapping on @solana.
Appx $60m-$100m in NFT/SOL value being traded p2p since inception.
{NFT Tooling on @ethereum}
It's April 2024, @skittlewood (OG DeGods & @n00unsDAO) launches an innovative cross chain P2P swapping platform to help @DeGodsNFT (@frankdegods), @Azuki, @BoredApeYC with OTC in ETH/POLY.
{NFT Rev Share}
It's Jan 2022, and a group of Degens get together to develop a revenue-generating game, who's proceeds would be redistributed to NFT holders each week.
Degen Coin Flip has generated more than $50 million worth of tokens flipped to date.
{NFT Rev Share Cross Chain}
It's April 2023 and @daddydegennft and team launched @whirltools a multichain swap tool. Through this platform you will be able to swap NFTs on their own native chain or cross chain.
The project will be rev sharing with the 333 cross-chain holders.
{What's next?}
🎒@xNFT_Backpack is set to revolutionize NFTs and my guess is that this meta will be something @etherum tries to do next.
It's a wallet is an operating system akin to your iphone:
- Applications
- p2p messaging
- & much more
twitter.com/NFTomics/status/1642190606960308224?s=20