3 days ago
GM BullVerse! MagicRaidMoney bot is now offering a 7-Day Free Trial to experience this one of a kind bot for your community! The MIM community has now had almost 900 raids and nearly 1,000,000 MIM has been rewarded using MRM! Come see why we can't possibly go back to using any other bots for our raids!
https://help-mrm.mim-lab.l.../
https://help-mrm.mim-lab.l.../
7 days ago
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?
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?
8 days ago
🧙 Bitcoin was not born by magic!
It was preceded by decades of research and failures before the 2008 revolution!
It was preceded by decades of research and failures before the 2008 revolution!
11 days 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.
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.
11 days ago
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 🏝️
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 🏝️
12 days ago
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.
13 days ago
WOW! We just finished up our 500th raid using our Wizard-built MagicRaidMoney bot. Raiding with this bot has been such a blast and the raider energy has been totally rejuvenated within our community. We highly recommend our bot for any community that loves raiding! 🧙🏻♂️🪄⚡
14 days ago
Not only does the $MIM community get paid to raid via MagicRaidMoney, but we’ve made it easier and faster than ever! More magic being created straight from the Magic Internet Money community! 🧙🏻♂️🪄⚡
20 days 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
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
23 days ago
🚨 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! 👊
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! 👊
24 days ago
🚨 #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!
$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!
26 days ago
🚨 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...
https://x.com/mefndn/statu...
26 days ago
MagicEden an NFT marketplace has officially launched it's live crypto mobile wallet on both iOS and Android.
1 month ago
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! 🧙🏻♂️🪄⚡
2 months ago
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.
2 months ago
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
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
2 months ago
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.
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.
2 months ago
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
@MagicInternetMoney
#Solana
#Bitcoin
#memecoin
3 months ago
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
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
3 months ago
Daily Memecoin Recap - July 1
Interesting day overall, influencers continue to hop on the crypto bandwagon
These influencer coins usually have an initial run-up, but unless the influencer does something unique to keep attention, the coin will die out
Gummy Team Launches A New Token
$baked -> hit $100m , hyped launch, same team as $gummy
Stevewilldoit Launch
$hero -> hit $82m ,
- Steve has been in crypto for years, he's very trusted by fans which explains why his coin reached so high
Sexyy Red Launches a Token
$presi -> hit $13m , "President Red"
- After several weeks of teasing, SexyyRed314_ drops the CA
Mike O'Hearn x Giga
$giga -> $42m to $150m (3.57x),
- Mike was teasing as if he would launch his own coin
- Instead of launching his own token like most of these influencers, he partnered with an already existing one
Influencer Launches
$mommy -> hit $1 .5m, NSFW
$bt -> hit $2m , BenTodar launch
Fake Influencer Launches
$sean -> hit $500k , SeanKingston says launch is in 24h (no official launch yet)
- Watch out for BhadBhabie & dohertyjackk, both aiming to launch a token
Yu-Gi-Oh Memes
$bwd -> hit $1 .99m, Blue-Eyes White Dragon, good team
$dmg -> hit $770k , Dark Magician Girl
Billy Makes A New ATH
$billy -> $53 .5m to $98m (1.83x)
New Spike Token Dominates The Old One
$spike -> $23 .55m to $47 .5m (2x), good team, rumors that it's the same team as the OG one which got exploited
New Matt Furie Memecoin
$doggs -> hit $19m , 95% bundled
- The dog that kills pepe Matt_Furie
Cat Memes
$loops -> hit $460k
$sleepy -> hit $400k
Roaring Kitty Discloses Owning 6.6% of Chewy
$chwy -> $320k to $10m (31x)
$chwy -> $700k to $8m (11.4x)
More Cooks
$walter -> $1 .53m to $5 .5m (3.59x), AB84 posted a pic of walter and said "dog of the day"
$steve -> $275k to $1 .9m (6.5x)
$sherif -> hit $10m , KOLs onboard, insanely good liquidity to market cap ratio
$glizzy -> hit $4m
$pungu -> hit $2 .7m
$garf -> hit $2 .2m, good website & art
Stay locked in, opportunities are everywhere
New month, new profits 🤝
Interesting day overall, influencers continue to hop on the crypto bandwagon
These influencer coins usually have an initial run-up, but unless the influencer does something unique to keep attention, the coin will die out
Gummy Team Launches A New Token
$baked -> hit $100m , hyped launch, same team as $gummy
Stevewilldoit Launch
$hero -> hit $82m ,
- Steve has been in crypto for years, he's very trusted by fans which explains why his coin reached so high
Sexyy Red Launches a Token
$presi -> hit $13m , "President Red"
- After several weeks of teasing, SexyyRed314_ drops the CA
Mike O'Hearn x Giga
$giga -> $42m to $150m (3.57x),
- Mike was teasing as if he would launch his own coin
- Instead of launching his own token like most of these influencers, he partnered with an already existing one
Influencer Launches
$mommy -> hit $1 .5m, NSFW
$bt -> hit $2m , BenTodar launch
Fake Influencer Launches
$sean -> hit $500k , SeanKingston says launch is in 24h (no official launch yet)
- Watch out for BhadBhabie & dohertyjackk, both aiming to launch a token
Yu-Gi-Oh Memes
$bwd -> hit $1 .99m, Blue-Eyes White Dragon, good team
$dmg -> hit $770k , Dark Magician Girl
Billy Makes A New ATH
$billy -> $53 .5m to $98m (1.83x)
New Spike Token Dominates The Old One
$spike -> $23 .55m to $47 .5m (2x), good team, rumors that it's the same team as the OG one which got exploited
New Matt Furie Memecoin
$doggs -> hit $19m , 95% bundled
- The dog that kills pepe Matt_Furie
Cat Memes
$loops -> hit $460k
$sleepy -> hit $400k
Roaring Kitty Discloses Owning 6.6% of Chewy
$chwy -> $320k to $10m (31x)
$chwy -> $700k to $8m (11.4x)
More Cooks
$walter -> $1 .53m to $5 .5m (3.59x), AB84 posted a pic of walter and said "dog of the day"
$steve -> $275k to $1 .9m (6.5x)
$sherif -> hit $10m , KOLs onboard, insanely good liquidity to market cap ratio
$glizzy -> hit $4m
$pungu -> hit $2 .7m
$garf -> hit $2 .2m, good website & art
Stay locked in, opportunities are everywhere
New month, new profits 🤝
3 months ago
Magic Internet Money Summer is upon us! 🌴🌊 So bullish on $MIM ! @MagicInternetMoney 🔥⚡️
3 months ago
✅ 🔥Memes
✅ Fun
✅ Community
✅ Innovation
Join the OG wizards. Consume their alpha and wisdom.
Wands out for the Magic Internet Money Wizard 🪄
✅ Fun
✅ Community
✅ Innovation
Join the OG wizards. Consume their alpha and wisdom.
Wands out for the Magic Internet Money Wizard 🪄
3 months ago
Partnership Announcement🤝
Abracadabra Ya Bish - Magic Internet Money is here!
We’re thrilled to announce a partnership with @MagicInternetMoney ! Their account proudly wears our gold checkmark reserved for partners.
$MIM x $BULL
Follow MIM: https://bullverse.io/Magic...
Abracadabra Ya Bish - Magic Internet Money is here!
We’re thrilled to announce a partnership with @MagicInternetMoney ! Their account proudly wears our gold checkmark reserved for partners.
$MIM x $BULL
Follow MIM: https://bullverse.io/Magic...
3 months ago
EVERYTHING SOLANA
1. NETWORK PERFORMANCE AND UPGRADES
Solana is enhancing network stability and scalability, maintaining high throughput and low transaction costs.
2. MOST USED DAPPS
- DeFi Platforms: Serum, Raydium, Orca.
- NFT Marketplaces: Magic Eden, Solanart.
- Gaming: Star Atlas, Aurory.
- Web3 Apps: Jupiter Aggregator.
3. BIGGEST MEMECOIN
- Bonk (BONK): It is the biggest memecoin by market cap and has gained significant attention and a strong community presence.
4. NEW NARRATIVES
- Mobile Integration: Solana's mobile stack and the upcoming Saga phone.
...
1. NETWORK PERFORMANCE AND UPGRADES
Solana is enhancing network stability and scalability, maintaining high throughput and low transaction costs.
2. MOST USED DAPPS
- DeFi Platforms: Serum, Raydium, Orca.
- NFT Marketplaces: Magic Eden, Solanart.
- Gaming: Star Atlas, Aurory.
- Web3 Apps: Jupiter Aggregator.
3. BIGGEST MEMECOIN
- Bonk (BONK): It is the biggest memecoin by market cap and has gained significant attention and a strong community presence.
4. NEW NARRATIVES
- Mobile Integration: Solana's mobile stack and the upcoming Saga phone.
...
3 months ago
Magic Eden, initially a Solana-focused NFT marketplace, has now expanded to support Ethereum and other networks like Bitcoin and Polygon. It has surpassed OpenSea in transaction volume as of April 2024.
This shows its rapid growth and adaptability.
This shows its rapid growth and adaptability.
4 months ago
NFT from Sol Sharky: Sharky #19 . Rarity: Epic!
Limited supply! Only 27 pieces!
https://magiceden.io/item-...
#NFT #magiceden #buynft #solsharky #sharkynft #sharky #NFTs #NFTcollectibles #nftcollection #nftart #NFTartwork
Limited supply! Only 27 pieces!
https://magiceden.io/item-...
#NFT #magiceden #buynft #solsharky #sharkynft #sharky #NFTs #NFTcollectibles #nftcollection #nftart #NFTartwork
