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TeeStar

Level 2

10 hours ago
Gm to all who believed, believe and continue to believe in NFTs.

I can't wait for Bitmap season

🟧🟧🟧
Mello

Level 1

16 days ago
Daily Memecoin Recap - November 17

Sol ATH is ~5% away 👏

Launch AI Agents With A Token
$vvaifu -> hit $128m , vvaifudotfun dasha_terminal

Epileptic Meta
$🟥🟩 -> hit $19 .6m, seizure warning

Binance Dog
$fur -> hit $42m
$baobao -> hit $8 .4m
$maui -> hit $6 .22m, old binance dog from May
$lol -> hit $3 .6m, Lost on Ledger, binance tweet
$marco -> hit $3m , the dog's name
- binance tweeted a dog
- Whenever binance tweets an animal, it usually spawns a coin that goes to multiple millions

Andrew Tate's Dog
$G -> hit $119m
$G -> hit $4 .6m, OG coin launched in June
- Pushed by Cobratate
- 20% of supply sent to Andrew

Doge's Loaf
$loaf -> hit $30 .2m, dog meme, based on a tweet from $DOGE 's founder BillyM2k

GME Mascot
$buck -> $27m to $98m (3.6x), buckthebunny affiliated with gamestop
$buck -> hit $6 .6m

Elon Tweets
$qnn -> hit $6 .9m
-> hit $4 .3m

Science meta
$scihub -> hit $75m
$uro -> hit $50m . pumpdotscience

Ai16z
#ai16z -> hit $495m
#punk3492 -> hit $26m , a burned cryptopunksnfts
$elize -> hit $23m , ai16zdao

Artificial Intelligence
$eef -> hit $7m
$telos -> hit $5m
$astra -> hit $3 .4m
$gnosis -> hit $2 .3m

Peanut Betas
$ruby -> hit $17 .1m, $pnut beta
$dognut -> hit $12m , $pnut beta
#hazelnut -> hit $7 .5m
$tucker -> hit $1 .7m, Peanut's dog

More Cooks
$rizo -> $6m to $55m (9.1x)
$nomnom -> hit $98m , one of the strongest cults rn
$bueno -> hit $10 .6m
$renzo -> hit $7 .7m, Abdu Rozik's (Hasbulla's nemesis) cat
#marshall -> hit $7m , joerogan's dog
#nohands -> hit $6 .4m
$wabbit -> hit $6 .3m
$bob -> hit $4 .9m, bob the human fish
$ferg -> hit $3 .7m
$time -> hit $3 .3m, it's my time
#inshallah -> hit $3 .2m
$more -> hit $2 .9m, shoulda bought more
$3 -> hit $1 .4m, the three musketeers, realdonaldtrump elonmusk danawhite
$ava -> hit $1m

I have a feeling this week's going to be VERY good

Lock in 🔒
TeeStar

Level 2

21 days ago
Are you bullish on NFTs?
Kitten Haimer

Level 1

25 days ago
Time to enter our Discord Server.

We about to start some games with $KHAI and NFTs prizes!

https://discord.gg/BQeuScS...
TeeStar

Level 2

29 days ago
Just a quick reminder that's there's more to this than memes, tickers and NFTs.

Gm 🌞🟧
Boo Bears Ape NFT

Level 1

1 month ago
Today we released the boo bears on ape

Here you can mint them:

https://0x1453b4c5e793abc8.../

And trade:
https://magiceden.io/colle...
Bankless

Level 1

2 months ago
Since daveward online dropped this analysis a month ago...

- sprotogremlins
up from 0.6 to 2.79 ETH
- SPX Aeons up from 0.09 to 2.1 ETH
- Bitcoin Puppets up from 0.09 to 0.17 BTC
- SCHIZO_POSTERS
up from 0.29 to 0.65 ETH
- $SPX up from $10M to $750M MCAP

Don't fade cult NFTs (& see what other winners he predicted) 👇

https://bankless.com/cult-...
Astro peng

Level 2

2 months ago
🕹 Ubisoft is set to launch a collection of 10,000 NFTs on Arbitrum via Magic Eden.

These NFTs will allow holders to play the upcoming game Captain Laserhawk: The GAME in advance.

“Through the integration of Web3, we are enabling our community to not only play, but also shape the future of gaming”
TreyVon

Level 1

2 months ago
Solana surpasses all other blockchains combined in Weekly Chain Royalties (from NFTs).

▶️ Dominance: 51%
▶️ Royalties: $305K
TreyVon

Level 1

2 months ago
Chapter Two Rebrands as ‘Solana Seeker’, Unveiling a Range of New Features and Enhancements
140,000 pre-orders later, Solana Mobile’s next generation web3 smartphone emerges from its ‘stealth phase’.

Solana Mobile, the team behind the wildly popular Solana Saga device, has finally unveiled the eagerly awaited Solana Seeker. The next generation web3 smartphone is slated for release in 2025, offering a host of improved features and benefits.

Following the rampant success of the sellout Solana Saga, Solana Mobile stealth-launched the mysterious ‘Chapter Two’. Despite being light on details, Solana Chapter Two was well-received by the wider crypto-community. Solana Mobile’s next generation device has already been pre-ordered over 140,000 times, with recipients eager to get their hands on fresh Solana hardware.

Both the Solana Saga and the Seeker, formerly ‘Chapter Two’ have been embraced by Solana’s mobile development community. Saga owners and Seeker Genesis token holders have been generously rewarded with a litany of airdrops, as well as a vast selection of dApps and features designed exclusively for the Solana Seeker ahead of the device’s launch.

Since its inception, Solana co-founder Anatoly Yakovenko has been one of Solana Mobile’s staunchest advocates. Championing mobile devices and services as a key area of growth for the network, Yakovenko contends that the Seeker will improve on the standards set by the Saga at more accessible prices.

“We founded Solana Mobile with the mission of taking crypto mobile. To achieve that, we needed to make Seeker more accessible, more affordable, and for its hardware and software to be even more deeply integrated for web3. The support from across the Solana community so far has been incredible, and with features like the new Seed Vault Wallet and the updated Solana dApp Store, we think Seeker will be the definitive web3 mobile device when it comes out next year.” - Anatoly Yakovenko, Solana Labs co-founder

What new features can users expect from the Saga’s highly-anticipated successor?

New Phone, New Features
While the full range of improvements and hardware specifications is yet to be announced, Solana Mobile has teased the following features for the upcoming Seeker:

Seed Vault Wallet - The Seeker comes complete with a built-in self-custodial Seed Vault to provide a frictionless web3 mobile experience. Designed exclusively for the Seeker in collaboration with Solflare, the Seed Vault support double-tap transactions and simplified account management.

Solana Mobile dApp Store - Competing directly with the Apple/Google duopoly, the Solana Mobile dApp Store debuts a compelling new rewards tracker and offers enhanced discoverability for DeFi, NFTs, DePIN, Gaming, and Payments applications.

Seeker Genesis Token - A soulbound NFT, the Seeker Genesis Token is a non-transferrable asset that gives holders exclusive access to rewards, content and opportunities throughout Solana’s thriving ecosystem.

Enhanced Hardware - Seeker promises a dramatically improved build quality, boasting a superior camera, extended battery life, a lighter design, and a brighter display than its predecessor.

With 2025 just around the corner, the launch and distribution of Solana Seeker may come sooner than expected. Given the generous incentives and rewards enjoyed by Solana holders, the Solana community awaits the launch of Solana Seeker with bated breath.
PengBull

Level 1

3 months ago (E)
I was running through the spaces and found project called $critz , they have mutiple utilities already as far as I know. And they will be dropping huge nft collection with collab with the Jmaxxx. Dont know who this guy is, but as far as I know, he is pretty known artist. They were running the vc and the artist is there was showing the nfts projects in the photoshop.

It is not financial advice, I am pretty sceptic about this project considering the holder distribution (2 wallets connected on the bubble map about 12% is the artist himself)

If I have to gamble I prefer to choose a project like this one than most of the pump.fun shitcoins.

DYOR Bulls

CA: 7tsFrXk2KkY31HLu6UCuVS1R2n5xACikP541yFfKy3Kn
Hope

Level 1

3 months ago
Solana surpasses all other blockchains combined, including Ethereum, in Weekly Chain Royalties from NFTs.

- Dominance: 54%
- Royalties: $390K
Faith

Level 1

3 months ago
Pantera Capital and ParaFi Capital, bought 62.6M Metaplex's $MPLX tokens from Wave Digital, originally held by the FTX estate. Only 7.5M tokens remain to be sold by FTX, fully unlocking on September 19.

Metaplex is the leading standard for NFTs and tokens on Solana.
Chemzy

Level 1

3 months ago
Magic Eden, Solana’s leading NFT marketplace by trading volume, has surprised network participants with an unexpected announcement.

On September 5, the crypto juggernaut revealed it would be splitting its trading platform into two separate sites, Magic Eden International and Magic Eden US.

The move has drawn skepticism from the wider community, who speculate that the regulatory landscape in the U.S. could impact user eligibility for Magic Eden’s highly-anticipated airdrop.

MAGIC EDEN'S U.S. USERS FEAR AIRDROP EXCLUSION
In the official announcement, Magic Eden posited that the U.S. site “will still have great products you know and love while .IO [the international site] will give us the ability to cook up (and sauté) even more features…”, suggesting that the U.S. platform will offer a limited range of services compared to its international equivalent.

Magic Eden users have expressed concerns that these limitations could extend to airdrop eligibility. Throughout the year, Solana users based in the United States have frequently found themselves unable to claim tokens due to geographic restrictions.

Due to regulatory concerns and the ongoing scrutiny of the SEC (Securities and Exchanges Commission), many crypto projects, like Sanctum and Grass, avoid distributing airdropped tokens to U.S. users.

Regulatory clarity around NFTs and digital assets were further exacerbated in late August, when the SEC issued a Wells notice to OpenSea, an alternative NFT marketplace.

Claiming that the platform facilitated the sale of unregistered securities, the notice serves as a preliminary warning and often precedes formal legal action.

In what could be considered a tongue-in-cheek gag, the official Magic Eden 𝕏 account also added a playful line to it’s bio, stipulating that “Tweets are only for non US Residents”.

SolanaFloor engaged the Magic Eden Foundation for clarity sounding the airdrop eligibility of its U.S. users. At press time, the Magic Eden Foundation declined to respond.

$ME TRADES AT.20 DESPITE LACK OF TOKENOMIC CLARITY
Since the initial announcement of the Magic Eden airdrop, pre-market trading for $ME has witnessed volatility. After opening at.08 on August 28, $ME pre-market prices rose as high as.24 before stabilizing at.20.

Despite attracting over $700 ,000 in trading volume, pre-market trading platform Whales Market has been criticized for opening a market for a coin with an unknown supply.

Without any publicly revealed tokenomics, pre-market traders are speculating on $ME at unknown valuations, which could lead to significant losses for participants.

COINGECKO NAMES MAGIC EDEN CRYPTO’S LARGEST NFT MARKETPLACE
Despite 2024’s NFT market suffering challenging conditions and diminishing volumes throughout the year, Magic Eden has managed to reassert its position as the industry’s top marketplace.

Coingecko, a popular cryptocurrency analysis site, recently declared Magic Eden as 2024’s top NFT marketplace. Boasting 36.7% market share, much of Magic Eden’s success this year could be credited to its adoption of the Bitcoin ecosystem, including its integration of Ordinals, BRC-20 tokens, and Runes.
TreyVon

Level 1

3 months ago
The Solana Foundation has announced up to $1M in grants for developers, founders, and policy experts building the Finternet—a global network for interoperable financial systems integrating stablecoins, stocks, NFTs, and more
Jurf Bizos

Level 1

3 months ago (E)
Opensea's homepage in 2018 - a great example of a first-mover in Web3.

Early entrants often define the standards and protocols for how things should be done in a new space. A lot of names could be mentioned to illustrate this: Uniswap, Aave, Yearn, Chainlink...

OpenSea leveraged network effects to become the dominant marketplace for NFTs, a fading narrative in 2024.

Hey Founder, what's your first-mover advantage ?

Source: http://web.archive.org/web...
Astro peng

Level 2

3 months ago
💀 96% of NFTs would now be considered “dead”

This is what emerges from the NFT Evening report.

43% of NFT owners are currently unprofitable.

The average lifespan of NFTs is said to be only 1.14 years.

https://nftevening.com/are.../
OGD3KU

Level 1

3 months ago
The ticker is 🦠 $POX 🦠 is cooking something huge #NFTs +#TOKEN =🥚✨️

Top 9🔥
MCAP : $17 .6M
Vol : $2 .6M

Who's ready for 100M and more let the virus spread 🦠📈 don't fade

Join the TG
https://t.me/monkeypoxtoke...

🦠CA: mpoxP5wyoR3eRW8L9bZjGPFtCsmX8WcqU5BHxFW1xkn

🦠Chart
https://dexscreener.com/so...
Bankless

Level 1

3 months ago
Can cryptopunksnfts mount a comeback to a 100 ETH floor price?

WPeaster takes the pulse of Ethereum's most iconic NFTs 👇

========================================
Hope

Level 1

3 months ago
BIG SUPPLY, BIG PROBLEMS AS SOLANA’S NFT MARKET REJECTS LARGE COLLECTIONS

Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.

New NFT collections have learned a painful lesson this week. If it wasn’t obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.

Despite commentators claiming these hyped collections will usher in a “new era” and whitelist spots selling at over $50 apiece on open markets, launches from Pathfinders and Hermans have failed to meet expectations.

Will Solana’s NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?

ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED

Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.

Pathfinder’s novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solana’s first un-ruggable NFTs.

Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the project’s native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFT’s value at a minimum of 2pathSOL.

Regardless, Solana’s NFT community has largely ignored the project’s novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT community’s apparent apathy. 

Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.

‘Hyped’ New Mint Immediately Under Floor - Are Presales to Blame?

Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.

Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermans’ treasury now holds over 1,600 NFTs, roughly 33% of the supply.

Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.

While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.

Low Supply NFT Collections Retain Value

In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends. 

Top Solana collections like Mad Lads, Tensorians (pictured), and Claynosaurs have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.

Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.

Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
Heisenburgerr

Level 1

3 months ago
While you don't believe that the bull will hit NFT, let's figure out when it will happen 🤔

It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?

Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋

It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.

Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.

We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
GM_MONEYS Moneys

Level 1

3 months ago
$Bull , Bullpay.
This platform integrates an open application to mint NFTs for projects, projects can use their own tokens to mint NFTs, facilitating supply reduction. Projects that want to list goods for sale on Bullpay, want to use the service must hold a minimum of $BULL ?????
CryptoLover3

Level 1

3 months ago
While you don’t believe that the bull will be affected by NFTs, let’s figure out when this happens 🤔

Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?

Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋

It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.

Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.

We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
Faith

Level 1

4 months ago
After weeks of eager anticipation, Lavarage has finally launched its generous rewards program. Offering DeFi traders a more efficient way of navigating onchain markets, Lavarage adds a new dimension to permissionless margin trading by leveraging spot assets, rather than the synthetic perpetual assets used across the Solana ecosystem.

With the launch of Tephra, the protocol’s dynamic points program, Lavarage brings renewed enthusiasm to Solana’s margin markets and re-stokes the flames ahead of a future airdrop.

THE TEPHRA POINTS SYSTEM - MISSION 1 NOW LIVE
Rewarding dedicated traders and community members alike, the Tephra points system aims to provide fair opportunities for all ‘Lavanauts’. By using the Lavarage trading platform and engaging in community-building activities, Lavanauts earn Tephras, which will be directly correlated to an eventual airdrop.

Users earn Tephras every time they execute an action in the Lavarage platform. Whether you’re opening positions, paying interest on borrowed assets, or staking SOL for lstSOL (Lavarage’s native liquidi staking token), users are actively earning Tephras. The team has also hinted that users can boost Tephra generation by holding Lava Rock Alpha NFTs.

Profitable traders stand to generate even more rewards. Encouraging skilled traders to use the platform, points are also being distributed based on the profitability of individual trades. Making point generation accessible to those with smaller wallets, Tephras can also be earned through community-building activities.

Adding an additional layer of intrigue to the Tephra program, Lavarage proposes diversified missions. With each mission lasting two weeks, the Lavarage team will adapt rewards based on the protocol’s strategic goals. While this keeps the rewards program dynamic, it also works as a countermeasure against bots and airdrop farmers seeking to game the system.

Mission 1 is currently live. Lavarage users can easily track their Tephra points tally through the app. Lavarage’s earliest users and supporters can now verify rewards accumulated during the ‘OG Mission’.

WHAT IS LAVARAGE?
Designed to improve capital efficiency in DeFi trading and boasting a streamlined user experience, Lavarage offers a creative approach to margin trading on Solana. Unlike the network’s vast range of perpetual DEXes, Lavarage contracts use spot assets.

This means that the platform offers more accurate pricing and liquidity than perpetual markets and allows traders to buy and sell the underlying assets.

Lavarage usage has erupted in recent weeks. Since the end of June, the platform has facilitated over 5,000 spot-margin positions at an average leverage of 3x. Boasting over 500 assets, Lavarage has attracted over 1,000 unique users with a retention rate of over 60%.

Beyond trading, Lavarage also manages to provide generous yield to its liquidity providers. According to the platform, SOL stakers have earned over 40% APY through Lavarage since the protocol’s inception.

WHAT'S NEXT?
With the Tephra points program officially underway, the Lavarage team has hinted that the upcoming TGE “might not be too far off”.

Regardless, Tephra is expected to boost the platform’s growing user base and volume, helping Lavarage grow towards becoming a key player in Solana’s flourishing DeFi Landscape.
1Makavelli

Level 1

4 months ago
Solana surpasses all other blockchains combined in Monthly Chain Royalties (from NFTs).

Dominance: 53%
Royalties: $2 mil
Clinton

Level 1

4 months ago
NFT.Storage now supports NFTs on Solana, offering creators a one-time backup fee model, powered by IPFS and Filecoin.
GM_MONEYS Moneys

Level 1

5 months ago
✍️
Bullverse app is a new social platform, used to write articles to make money, used for projects that need advertising, releasing new tokens, Dex transactions. This is a formidable opponent of token issuance projects. If the project releases additional Bull_id to users using NFT, it will also attract more usage. Integrates photography and mint NFTs utilities like in Phantom wallet. Bullverse all utilities on the Solana blockchain will be available in this project
Bankless

Level 1

5 months ago
All in all, I think Forgotten Runes is one of the most impressive communities in NFTs, and Ronin is one of the most impressive teams in crypto gaming, so to see them link up in bringing the Runiverse to life is something I’m excited to track

Keep this one on your radar
Mello

Level 1

5 months ago
Daily Memecoin Recap - July 13

Today was 10/10. You should not have touched grass

SO much volume, coins hitting raydium left & right, news from all different directions

Trump Gets Shot At Rally
$survivor -> hit $6 .11m, Trump survived
$fist -> hit $3m , "fist stays up", iconic picture of realDonaldTrump holding his fist up after getting shot at
$fight -> hit $2 .5m
$biden -> hit $260k , "biden the shooter"
- Someone tried to shoot Trump while he was mid speech at a rally. He got hit in the ear, but he's fine

Trump's Ear
$ear -> hit $15 .37m, "Ear Stays On", Trump got hit in the ear
$ear -> hit $690k , "Trump's Ear"
$ears -> hit $470k , cat with no ears
$mega -> hit $450k , "Make Ear Great Again"
$wifnoear -> hit $300k , $wif + $ear

Old Trump Coins Pumping
$tremp -> $38 .8m to $85m (2.19x)
$maga -> $700k to $2 .95m (4.2x)
$trump -> $730k to $2 .57m (3.52x)
$trump -> $45k to $700k (15.55x), "never surrunder"
$trumpie -> $150k to $445k (2.96x)

Fortnite Meta
$jonesy -> hit $1 .8m, iconic default skin in FortniteGame
- Pump fun was full of different fortnite characters
- Some GTA memes followed

Bill The Lion Goes Berzerk
$billion -> hit $2 .6m, CTO, crazy volume
- A few betas surfaced lions/tigers

More Cooks
$wolf -> $53m to $120m (2.26x), after downtrending, might be the start of a reversal (or just a deadcat bounce)
$sigma -> $1 .82m to $5m (2.74x)
$peipei -> hit $1m , chinese $pepe , has been done before
$kimchi -> hit $550k , "cabbage dog"
$remixio -> hit $510k , $retardio type NFTs
$trolls -> hit $460k , based on the movie

Usually weekends are dead but Today was the opposite

Which one of these did you catch? 👀
Bankless

Level 1

5 months ago
IP remains stuck in an outdated legal system that makes it difficult to license, monetize, & trade effectively

That's where StoryProtocol comes in -- a new blockchain that aims to transform IP into liquid, programmable, & ownable digital assets

A 101 Explainer👇

What is Story Network?

Story Network was created specifically for bringing IP onchain, making it easier to manage and monetize.

On Story Network, IP is represented as onchain assets called IP Assets, which are NFTs. These NFTs carry detailed metadata about the underlying IP and serve as its digital representations. They can be linked to existing NFTs, e.g. a CryptoPunk, or be issued to represent offchain items.

Each IP Asset is linked to an IP Account, a specialized smart contract that manages interactions and data related to the IP.

Also at the heart of Story Network is its Proof-of-Creativity (PoC) Protocol, which facilitates the creation and management of IP Assets, enabling use cases like permissionless licensing and automated royalty payments.

Another key pillar here is the Programmable IP License (PIL), a legal framework that bridges the onchain world with traditional legal systems, ensuring that the digital representation of IP on Story Network is enforceable in the real world.

How is Story Network designed?

Story Network is a Layer 1 (L1) blockchain optimized for handling complex IP data structures efficiently that leans on elements from both the ethereum Virtual Machine (EVM) and the cosmos
SDK.

Notably, Story Network is EVM-equivalent, meaning it supports the same code execution environment as Ethereum. This compatibility allows developers to port existing applications and smart contracts written in Ethereum's popular Solidity programming language to Story Network with minimal or no changes.

Why tokenize IP on Story Network?

Tokenizing IP on Story Network offers several notable benefits:

🌊 Liquidity — IP can be traded or used as collateral, creating new financial opportunities.

🧱 Programmability — Automated actions like royalty payments can be embedded within IP NFTs, simplifying management.

🔍 Transparency — The underlying blockchain provides a clear and immutable record of IP ownership and transactions.

These are compelling pillars for content creators, but what will the actual use cases look like?

For instance, artists, musicians, writers, and beyond can register their IP as NFTs on Story Network, set licensing terms, and automate royalty payments. This makes it easier to control and monetize their work.

For developers, they can build applications that leverage tokenized IP. Think things like AI model marketplaces, content remixing platforms, and DeFi apps that use IP NFTs as collateral.

Two of the earliest app examples in the Story ecosystem are Magma and Mahojin. The former is a collaborative design tool that uses Story Network to manage and monetize creative works via NFTs, while the latter is a platform for AI training data and models.

Zooming out

How might making IP programmable and liquid influence the interaction between creators and consumers? Will tokenizing and trading IP democratize access to creative works? And how effectively can the PIL system adapt to diverse global legal landscapes, especially as AI-generated content becomes more prevalent?

The answers to these questions remain to be seen, but Story Network is diving in here in unprecedented fashion and looking to revolutionize the future of digital IP through the cryptoeconomy. As the chain evolves and gains traction, its bull case is its potential to redefine IP management to be better in line with the content challenges of the 21st century.

Can Story win out, then? We'll see, but this innovative reach into a new terrain is exciting nonetheless!

By WPeaster

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