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  • ๐Ÿฌ Sol From The Rich, Sol To The Poor

๐Ÿฌ Sol From The Rich, Sol To The Poor

GM and welcome to Sol Sweet, the email that keeps you up to date with the Pepsi of blockchains.

It's Good Friday so we'll keep it short. This week:

  • Recapping Solana Miami

  • Robinhood adds Sol

  • About that OpenSea launch

Recapping Solana Miami

Solana Miami wrapped up last Sunday.

We couldn't be there in person. But thanks to Twitter, we could talk to some people who were and live vicariously through them.

Unfortunately, Saturday afternoon was interrupted by a bomb threat that caused the evacuation of the event.

Thankfully, everything was cleared and resumed on Sunday. Here's a few things that stood out.

First up - booth by mtnPay. They set up a photo booth that turned the photo into an NFT

Check out their thread here explaining it.

They said they onboarded more than 100 new users to Phantom too. Not bad.

Another reason this is cool is it gives a glimpse of what the future will look like. Tickets, memorabilia, proof of attendance photos like the one above will all be NFTs one day. Goodbye dusty old shoe boxes full of event tickets!

Next up - Solana Breakpoint was announced for 2022

The second global Solana conference heads to Lisbon again in November.

This is the mac-daddy event for Solana and promises to be bigger and better than last year.

But it was easy to be bullish then with price at an all time high. Fast-forward five months and we're hovering around the $100 mark.

Obviously price isn't everything. There's plenty of building going on and a long way to go before November and being able to compare conferences.

We'll be keeping an eye on event announcements in the meantime.

And of course - blue chip NFT projects

There's no denying that NFTs make up a huge part of the Solana ecosystem.

When it comes to communities, NFTs seem to be the best way to build them at the moment.

We'll let @SOLBigBrain take it away:

Robinhood adds Sol

Solana was added to Robinhood on Tuesday along with three other tokens. But we don't care about them, do we?

You may remember Robinhood for their role in blowing up the biggest short squeeze in history early last year.

Well this year they're putting more attention into crypto.

After rolling out a crypto wallet to 2 million users, they're now making more coins available to trade.

While it's unlikely to have a long-term impact on the Solana ecosystem, the price did briefly climb 2%.

What it does do is pull Solana more into the mainstream.

Retail investing grew dramatically during the pandemic, thanks in part to apps like Robinhood.

And with more than 17 million monthly active users, many of them likely on the waitlist for a Robinhood crypto wallet, that's a lot of potential for discovering Solana.

About that OpenSea launch

Remember last week we mentioned the Solana NFTs launch on OpenSea?

Remember how it was kind of a big deal?

Remember how it was going to make us rich?

Turns out, it's been a flop so far.

This thread does a good job highlighting the reasons why:

In summary:

  1. There's no bridge natively in OS for Eth-SOL

  2. SOL NFTs are tiny by volume compared to Eth

  3. SOL companies (Phantom, Magic Eden) do a great job already for users in the Solana ecosystem

It's still early days and exposure via the world's biggest NFT platform isn't a bad thing. But there's clearly one Solana NFT marketplace king - Magic Eden.

I'd just like to take a moment to apologize for kind of sh*tting on them last week ๐Ÿ˜…

Luv u ME โค

Next Week

Looking through the winners of the Riptide hackathon.

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Ok that's all from me. Hit reply and tell me what you're keeping your eye on. Or if it sucked, tell me why.

And follow me on Twitter @TenderKiwi a.k.a "Magic Eden fanboy"