Blockstars weekly newsletter #22
What happened last week in the world of crypto, Solana and NFTs?
Ever felt overwhelmed by the number of things happening in the world of crypto, Solana, and NFTs? Don't have enough time to spend on Twitter to keep up with everything? Don't worry, we got you. The Blockstars newsletter is here with all the highlights from last week. Now, new year’s themed!
Index
Crypto and NFTs
🟡 2022 - Crypto Markets: A Year in Review
Solana
🔵 The Metaplex royalty-enforcement solution
🔵 The first Solana meme coin is all over CT
Solana NFTs
🟢 Yaku Corp partners with Honda
🟢 Someone collected 1000 fractions of one of the wormholed punks on Solana
🟢 Taiyo Pilots sold out in the middle of the bear market
Blockstars Universe
🟣 The Rolling Stones inside Blockstars
🟣 How did the community impact gameplay design?
Food for thought
🟠 Blockchain Marketing Strategy: The Ultimate Guide
The trader’s corner
🔴 The best passive income opportunities on Solana right now
Upcoming events
Crypto and NFTs
General info about cryptocurrencies and NFTs
🟡 2022 - Crypto Markets: A Year in Review
2022 has been a wild ride for the world of cryptocurrency. From reaching all-time highs and a market cap of over $3 trillion, to a dramatic sell-off and market cap plummeting over $1 trillion, the crypto world has experienced it all.
During the first half of 2022, investors were drawn to the potential of digital assets and decentralized finance as traditional financial markets struggled. But as central banks tightened policies, interest in risky and speculative investments waned. The collapse of the Terra-LUNA ecosystem and the bankruptcy of companies like Celsius or FTX didn’t help either.
The current macro environment, lack of regulation and confidence in crypto, and unclear regulatory frameworks will continue to affect the crypto market in 2023. However, blockchain technology and its use cases are still growing and the future looks bright for crypto.
Read the full article here
Solana
Everything about the Solana ecosystem
🔵 The Metaplex royalty-enforcement solution
The other day Metaplex caught us off-ward with their new royalty-enforcement mechanism for existing collections.
We had already seen some mechanisms being developed to enforce royalties, like Magic Eden’s Open Creator Protocol or Cardinal Lab’s Creator Standard. What’s new about this then?
The thing is that these would only affect new collections. If you had an NFT project and you wanted to reinstate royalties, you would need all NFTs to go through a certain process to enforce this policy (burn and remint or wrap the NFTs). But the Metaplex solution is completely different.
They created a new asset class, which is called Programmable NFT, that allows creators to decide how they want the NFTs to be traded. Creators are now able to create a list of allowlisted marketplaces, which would be the only ones where the NFTs can be traded.
One important thing to note here is that the transition to the new asset class will only be available for 90 days. After that, it’ll be possible to mint programmable NFTs with royalties enforcement or “regular” NFTs but migration between the two will not be supported.
This could completely change how NFTs are traded. As HGE explained in his thread, this could lead to a fragmented market where creators get bribed for signing exclusive deals with marketplaces, limiting the trading of the collection to that particular one.
This is it? Will this be the adopted solution by everyone? Nothing has been set in stone yet. There are other ideas, like Elixir’s proposal, where there is a common allowlist for everyone and is governed by the community, not by the creators.
But only time will tell. And I’ll be there to tell you about it.
🔵 The first Solana meme coin is all over CT
After the initial airdrops to artists, art collectors, developers and members of a select list of Solana NFT collections, the hype has been growing and more people are using it every day.
With 87k holders, a fully-diluted market cap of $119M, and a daily volume of $23M, it’s now valued more than any NFT collection on Solana, does 100x the 24h trading volume of Polygon NFTs, and more than 4 times the NFT trading volume on Solana (Sources: BirdEye, DappRadar, SolanaFloor)
We have seen many people burning or giving it away
We have seen people coming up with fun ideas around it
We have seen many others integrating it into their platforms and creating use cases for it
It’s now possible to create raffles in the Famous Fox platform with $BONK, mint 1/1 art, or even trade NFTs
But at the end of the day, it’s just a meme coin. You can have fun with it, but be careful when trading it as it’s a very volatile asset. This is not financial advice.
Solana NFTs
What’s going on with your favorite projects?
🟢 Yaku Corp announces that Honda, the famous manufacturer of motorcycles, will be the first Web2 advertiser in the Yakuverse
🟢 Someone collected 1000 fractions of one of the wormholed punks on Solana
🟢 Taiyo Pilots sold out in the middle of the bear market and has already made 270k SOL total volume
As people wait for the reveal, the disparity in prices for different factions appears as people fight to take theirs to the top. Each faction will have unique artwork, a faction leader which has already been chosen, its own lore and dynamics
Blockstars Universe
What has the Blockstars community been doing lately?
🟣 One of our community members created the ‘Rolling Stones’ inside Blockstars, with each member having its own lore
🟣 We celebrated the end of 2022 with a post of appreciation to our community and how they impacted the gameplay design
Food for thought
The most thought-provoking content
🟠 Blockchain Marketing Strategy: The Ultimate Guide
Learn all about the fundamentals of crypto marketing, demographics, niches, the different social platforms that you should be looking at, how to develop your messaging, and more
Read the full article here: https://marketacross.com/blockchain-marketing-strategy-the-ultimate-guide/
The trader’s corner
Learn all the tips and tricks to generate generational wealth
🔴 The best passive income opportunities on Solana right now
Creating AMM pools on Hadeswap, Coral Cube, or Elixir
Being a loan liquidity provider on frakt or sharky.fi
Hosting raffles on the Famous Fox platform
Upcoming events
What is Blockstars doing this week?
💠 Tuesday, 3rd of January at 6 pm UTC. Gamers&Web3: 2023 Outlook for Gaming w/ Blockchain Tech
💠 Wednesday, 4th of January at 3 pm UTC. Noticiero Semanal (NFT talk in Spanish)
💠 Thursday, 5th of January at 1 pm UTC. Deep Dive: Gaming Launchers
💠 Thursday, 5th of January at 10 pm UTC: Weekly town hall + AMA