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BIG NEWS, KITTENS! 🐾

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Today we released the boo bears on ape

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🕹 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”

HIGHLIGHTS FROM SOLANA BREAKPOINT DAY TWO

Solana Breakpoint Day One set a rapid pace, with milestone announcements about Firedancer, key product updates from Jupiter, and trillion-dollar asset manager Franklin Templeton disclosing its intention to build a mutual fund on Solana.

Despite the high expectations following a blistering Day One, Day Two kept the momentum alive and delivered plenty of showstopping announcements.

COINBASE TO LAUNCH cbBTC ON SOLANA
Coinbase, one of the industry’s most popular centralized exchanges, announced its intention to deploy its wrapped version of Bitcoin on the Solana network. Since launching on Ethereum and Base just a few weeks earlier, cbBTC has quickly climbed the ranks to become the third-largest wrapped Bitcoin token in the market.

The move is expected to bring more of Bitcoin’s deep liquidity to Solana, where cbBTC can be integrated into various DeFi applications and increase capital efficiency on the network.

FIREDANCER LIVE ON MAINNET FOR NON-VOTE TRANSACTIONS
FireDancer may have stolen the show on Day One, but the Jump Crypto developers weren’t content to stop there. Firedancer’s Research and Development Architect, Phillip Taffet, and Production Engineer Anway De announced that the full Firedancer validator client was now live on the Solana mainnet for non-vote transactions.

But that wasn’t all that the Firedancer team had in store. A live demo also demonstrated the Frankendancer client executing 1.04M transactions per second.

MAGIC EDEN UNVEILS NEW FEATURES
Magic Eden, the blockchain industry’s largest NFT marketplace across all chains in terms of trading revenue, outlined some of its future plans.

Showcasing a more composable cross-chain ecosystem Magic Eden teased new features like the ability to swap fungible assets on one chain for non-fungible assets on a completely different network.

In a move that didn’t surprise anyone, Magic Eden also announced that its upcoming $ME token will be launched on Solana.

deBridge ANNOUNCES TGE
The deBridge ($DBR) token airdrop has been one of the most anticipated TGEs in recent months.

To thunderous applause from a captivated audience, deBridge co-founder Alex Smirnov announced that $DBR is scheduled to go live on the 17th of October.

Smirnov also used his time in the spotlight to share a wealth of new product features coming to the deBridge application, including gasless bridging and the integration of new chains live Bitcoin and Tron.

BONK ETP
One of Solana’s favorite memecoins, BONK made its presence known at Breakpoint. But beyond the BONK boxing ring, BONK core contributor Nom highlighted the prolific growth of the Bonk brand, which has secured impressive partnerships across the Web2 world, like its sponsorship of Borussia Dortmund.

Affirming BONK’s rise from memecoin, to cultural movement, to financial entity, Nom also announced the team’s intention to launch a BONK ETP. The move is believed to be a precursor to an eventual BONK ETF.

SANCTUM ANNOUNCES BIG UPDATES
Sanctum, the Solana DeFi powerhouse bringing greater flexibility to LST (Liquid Staking Tokens), announced several exciting updates.

First, Sanctum co-founder FP Lee introduced ‘Creator Coins’, a novel spin on LSTs that provides new tools for individuals, communities, and businesses to build, grow, and monetize their audiences.

Lee also announced the upcoming launch of a Sanctum card. Conceived in collaboration with BasedApp and Jupiter, the Cloud Card is expected to facilitate real-world payments using Solana-based crypto assets.

Finally, the Sanctum founder also shared that the platform’s polarizing incentives campaign, Wonderland, would be making its return soon with a second season of rewards.

MagicBlock raised $3M in pre-seed funding to develop infrastructure for fully on-chain games and apps on Solana.

Using novel Ephemeral Rollups, MagicBlock will reduce latency, aiming to boost Solana's gaming ecosystem.

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If the government was a real business it would have been bankrupt a long time ago. The only thing keeping it going is the fact that people pay their taxes out of fear of going to jail if they don't (violence) and most importantly THE MAGIC MONEY PRINTER.

Further proof of the charade: the US government has hired 87,000 new agents to collect taxes with an average salary of 100k/year.

So this cost taxpayers $8 .7 billion and these agents managed to collect $1 .3 billion.

So, a deficit of -$7.4 billion... which will be paid by taxpayers. And of course the government will boast about having collected $1 .3 billion more in taxes.

How did we get here?

Magic Eden led NFT marketplaces with $56M in annual revenue, surpassing all competitors combined. 71% came from Bitcoin Ordinals (excluding Runes and BRC20), and 27% was driven by Solana.

🧙 Bitcoin was not born by magic!

It was preceded by decades of research and failures before the 2008 revolution!

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.

We are 180 days into a correction since we made an ATH in Bitcoin and market sentiment is worse than when BTC was at 15K.

Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.

And what happened?

> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.

And what is to come?

> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).

And all this with stablecoins reaching all-time highs.

Is this the end? Are we all going to die?

I don't believe it.

For me nothing has changed.

Nobody said the bull market was going to be easy.

The best, for me, is yet to come.

You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.

The difficult moments are what separate babies with poop on their butts from legends.

Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.

We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.

It seems like a meme, but it is not.

There is something that will never change.

> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.

And it is certainly the fastest way to lose money in this market.

Sorry, I didn't make up the rules of the game.

The road will be long and there will be monsters and corpses along the way, just try not to make it yours.

The bull market is not over.

They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.

Nothing has changed.

Patience, conviction, buy the dip & chill 🏝️

NFT marketplace Magic Eden has announced the launch of separate websites for international users and 🇺🇸 U.S. users. The move comes after OpenSea received an SEC Wells Notice.

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WhalesMarket lists $ME (MagicEden) on their pre-market trading platform.

$ME is currently trading at.10

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

🚨 Our space goes live in a few minutes !

We’re excited to bring together these incredible builders who also happen to be our partners.

📍 𝙇𝙤𝙘𝙖𝙩𝙞𝙤𝙣 : https://x.com/i/spaces/1br...

Our special guests include:

👉 Landlord Ronald @LANDLORD
👉 GME @GMEonSOL
👉 Magic Internet Money @MagicInternetMoney
👉 PengyOS @PengyOS_sol

Plus, there will be prizes to win! 👊

🚨 #BullPay New Listing Alert! 📈

$MIM is now listed as a payment method on BullPay @bullverse

You can now use Magic Internet Money to get paid for services, exclusive content, and digital products through BullPay!

🚨 The NFT marketplace Magic Eden announces the launch of its ME token, which will be possible to claim on MagicEdenWallet

https://x.com/mefndn/statu...

MagicEden an NFT marketplace has officially launched it's live crypto mobile wallet on both iOS and Android.

GM BullVerse! Yesterday, our in-house wizard built Raid Reward bot, Magic Raid Money was put to the test. 20+ raids were ran and conquered using MRM and it ran FLAWLESSLY. After some simple polishing, our bot will be ready for other communities to experience it for their selves! Keep on the lookout! You don't want to miss this! 🧙🏻‍♂️🪄⚡

Solana-focused NFT marketplace Tensor maintains its dominance over multichain NFT marketplaces like Magic Eden and OpenSea, leading in trading royalties across weekly, monthly, and yearly timeframes.

Daily Memecoin Recap - July 24

Despite stocks being down heavy on the day, $sol was pretty stable

Have a look at what happened 👇

Runners Of The Day
$eggy -> hit $5 .3m, literally an egg
$alpha -> hit $5m , KOLs onboard
$mystic -> hit $3 .3m, CTO, heavily pushed on twitter
$noah -> hit $1 .9m, CTO, pushed by lots of groups as " the next $billy "

Shape Meta
$circle -> hit $470k , literally just a circle
- Kickstarted the shape meta
- Plenty of shapes were launching on pump fun
- Square, triangle, star were some betas

Midget Olympics
$mog -> hit $3 .2m, their twitter says it all midget_olympics

Mystery Launch
$fried -> hit $4m
- These hyped launches always have an initial run-up due to hype & snipes
- They tend to die down after that unless the team has capital & a solid plan (this one is holding decently)

Smoking Chicken Fish Pushes
$scf -> $2 .6m to $24 .5m (9.42x), pushed by KOLs

Teams w/ Large Capital
$bill -> $24 .7m to $46 .6m (1.88x), Bill The Bear
$clown -> hit $87m
$parry -> hit $36m , very good team, good bird meme

Cat Memes
$ily -> $4 .21m to $13 .87m (3.29x), great CTO team
$fc -> $750k to $1 .78m (2.37x), "Floki Cat"
$bullish -> hit $1 .1m, Cat + Bull = Bullish, CTO
$skullcat -> hit $500k
$chiti -> hit $374k , CTO
$magic -> hit $324k , "Magic Cat"
$charm -> hit $315k , CTO
$gracie -> hit $237k , viral tiktok cat

Zoomer Memes
$hmu -> $20k to $1 .15m (57x), "hit me up"
$brat -> hit $6m , "Brat Summer"
$based -> hit $1 .95m, slang used all over social media
$omg -> hit $485k , "On My Grind"
$gac -> hit $360k , "Goofy Ahh Coin"

More Cooks
$selfie -> $590k to $32 .7m (55x from the low), back from the dead
$guzuta -> $444k to $2 .17m (4.88x)
$taddy -> $50k to $615k (12.3x), "Daddy Trump", $daddy (Andrew Tate's coin) + Trump
$knight -> hit $1 .22m, "Fallen Knight", medieval meme
$csfm -> hit $450k , "Church of the flying spaghetti monster"
$gator -> hit $350k , instantly filled on pump fun, CTO
$crashout -> hit $240k , good meme

Traders are getting more experienced, scalpers are emerging since people don't hold trades for long

Most coins go to zero within 1 hour, remember to never become a community member

Final warning: $MIM is about to explode @MagicInternetMoney

AN IN-DEPTH REPORT ON THE STATE OF SOLANA.

The Q2 TLDR? Builders kept building. Here’s some highlights you won’t want to miss:

1. The institutions are coming
Stripe demoed their upcoming payments solution on Solana using Phantom, and PayPal issued their PYUSD stablecoin on Solana. PayPal cited token extensions as a key reason for expanding to Solana — one extension, transfer hooks, enables developers to add custom programmable logic to each transfer.

2. PayFi has arrived
Helio's Solana Pay Plugin on Shopify saved Solana Labs over $1 million in fees for Chapter2 sales compared to traditional payment methods. Now, it's even more versatile: Users can pay in their preferred token, near-instantly swapping to the merchant's preferred currency via Jupiter.

3. Solana is coming to you (not the other way around)
Have a Google account? Congrats, you now have a Solana wallet thanks to TipLink’s Wallet Adapter. No downloads, no seed phrases, no fuss.

And if that wasn’t enough, blinks connected Solana to the entire internet, bringing Solana to millions of active X users. Now, you can vote, mint, swap, and donate directly from your feed. Growth is accelerating: Messari reported blinks for over 20 dApps like Helium, Sphere, and Tensor at publication, while Dialect’s registry shows nearly 100 blinks today.

If you’re looking to build with blinks, Solana Foundation is offering $400k in grants, while Dialect and Superteam have $1k microgrants available.

4. The ecosystem is working hard on scaling solutions
ZK compression, pioneered by Light Protocol and Helius Labs, went live on testnet and drops the state cost for 1M addresses by ~99.9% by storing data via the ledger.

MagicBlock unveiled MagicBlock Engine, which enhances SVM customizability and performance without sacrificing composability. It implements ephemeral rollups: temporary runtimes that mirror programs and accounts from mainnet to improve efficiency before settling state back on Solana. The best part? It's all abstracted away from the user.

5. Solana DeFi is happening, led by LST growth
Liquid staking rate jumped from 5.2% to 6.4%, with Sanctum's LST market share exploding 3,700% QoQ.

Pretty pumped with everything $MIM is cooking right now. User rewards every month to random holders, we hit top spot on r/cryptomoonshots, added meme bets to r/MIMonSOL, raid rewards bot coming today or tomorrow! Main page teasing airdrops! Love it 💜
@MagicInternetMoney
#Solana
#Bitcoin
#memecoin

What is magicblock?

It's a taste of what's to come in the Solana gaming scene 🎮

A beginner's guide to the Onchain Game Engine 👇

Onchain game engines make it easier to build games with no external dependencies beyond their underlying blockchain.

To me, this is one of the most exciting areas of development in crypto today, and that’s why my curiosity was piqued when I recently came across MagicBlock Engine.

MagicBlock is a game engine that’s innovated an Ephemeral Rollups architecture for powering flexible and performant onchain games on Solana.

I think MagicBlock is an interesting look into what's to come in the Solana gaming scene, so let’s catch you up on all the basics.

What Is MagicBlock?
MagicBlock is a gaming framework built on top of Solana, designed to facilitate the development of fully onchain games and apps.

Recently, MagicBlock Engine showcased its capabilities at an a16zcrypto Demo Day event.

The demo featured a real-time, fully onchain game deployed entirely on Solana, and two clients played the game simultaneously with no lag thanks to the MagicBlock’s ability to delegate accounts into fast Solana validators.

What Are Ephemeral Rollups?
MagicBlock extends Solana's capabilities by introducing Ephemeral Rollups (ERs), which are designed to efficiently facilitate state transitions without fragmenting a game’s state.

MagicBlock’s Other Main Features

⚡️ BOLT — A framework that uses the Entity Component System (ECS) pattern to streamline the development of onchain games. It allows developers to quickly create modular, reusable, and extendable game components and logic.

🪪 SOAR — SOAR stands for Solana Onchain Achievement & Ranking. This reputation system lets developers readily define achievements based on onchain activities, track and display user rankings, and deploy rewards.

🔑 Session keys — MagicBlock recently helped add support for session keys in the Solana Unity SDK, making it easier for its game devs to eliminate the need for repeated wallet popups during frequent in-game interactions in a secure fashion.

MagicBlock’s angle is to bypass these fragmentation issues by keeping assets on mainnet Solana, thus maintaining the possibility for atomic composability, while still achieving scalability with ERs. This way you get high throughput, customizable runtimes, and the ability for games and apps to seamlessly interact without needing interoperability solutions.

What to Watch Going Forward?
1. MagicBlock is new and still rearing up. Which onchain game will be the first to officially use this engine?

2. The recent MagicBlock demo achieved 50ms latency, which is competitive with modern gaming standards. Can we expect further optimizations that bring this latency even lower for even better real-time gameplay?

3. Earlier this year, Parallel announced its AI game Colony would be based on Solana. Could the Parallel team adopt MagicBlock Engine to meet its infrastructure needs here?

4. With MagicBlock maintaining assets on the Solana mainnet, developers have the potential for atomic composability. What use cases will emerge from this capability?

5. Onchain games benefit greatly from user-generated content (UGC) and user-generated logic (UGL). Will the SOAR system be used to incentivize these sorts of creations?

The Bottom Line
While MagicBlock is still in its early stages, its potential to catalyze Solana’s fully onchain gaming scene seems considerable, as its Ephemeral Rollups architecture can help it bypass key challenges faced by other gaming engines while still ensuring high performance. Looking ahead, be sure to stay updated on the team’s progress by following them on Twitter— they’re ones to watch in my opinion!

Written by WPeaster