Mad News Issue #25 🔮 A Historic Week For Backpack
The Backpack Exchange goes live for 100,000+ users, a new 1/1 Mad Lads NFT emerges, Mad Lads holders discover what utility means and the Backpack Wallet integrates Token-2022 support.
Welcome back to the Mad News! 🗞️
A new 1/1 Mad Lads NFT
Backpack Exchange launches for 100,000+ users
The $PYTH airdrop
Mad Lads holders net largest allocation in $PYTH airdrop
Backpack Wallet supports Token-2022
Skulls and Lassies are having a cultural moment
Backpack Exchange 🤝 OtterSec
…and much more!
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Do you want to learn more about the Backpack Exchange?
Watch this supercut to learn more about the Backpack Exchange, how it works and what the future holds for blockchain security.
Riddle me this, Lads 🤔
A cryptic message suggests that one lucky fan from Mad Lads community will be the newest holder of a 1/1 NFT.
There are 33 unminted 1/1’s.
Keep an eye on Mad Lads socials so you don’t miss your shot!
Backpack Exchange launches trading for 110,000+ users
Early users of Backpack were limited to SOL/USDC deposits and SOL staking for the Pyth airdrop promotion.
The first few days after launch were fraught with challenges as the Exchange endured traffic from a hundred thousand users.
Maintenance did not take long and after a sleepless night the team seamlessly integrated deposits, staking and an inaugural period of SOL/USDC trading.
As we reach the end of the staking phase for the inaugural Backpack Exchange beta, some numbers to share from our compliance team.
~ 150k KYC submissions
~ 115[k] approved
~ 5k rejected
~ 30k pending
PYTH airdrop lands and trading launches on Backpack Exchange
Snapshots for the $PYTH token airdrop were taken on November 20th after a 24hr+ long period where participants staked 5SOL and generated trading volume on the Backpack Exchange.
Mad Lads were guaranteed the maximum allotment of tokens (1000) and the rest were distributed based on trading volume.
becc captured the community experience perfectly.
Withdrawals and trading of $PYTH launched a few days later.
Backpack onboards Token-2022 functionality in record time
While Exchange devs were busy launching the new platform Wallet, developer Matt Callens was cooking something big for Token-2022.
Mad Lads Townhall
Solana Legend hosted a Twitter Space during the Mad Lads mint that captured more than 10,000 concurrent listeners.
Since then he has led the Townhall gatherings, they are a place to opine about the future of Mad Lads and Backpack as well as share behind the scenes experiences.
The Solana Ecological Tea Party has gone mad!
This Solana ecosystem fireside chat includes representatives from the Solana Foundation, Mad Lads, Backpack and SNIPER.
Tea party attendees will meet in Chengdu, the fourth largest city in China.
Mad Lads partner with A41 to expand Korea fanbase
A41 is a blockchain infrastructure provider that provides staking dashboard and validation services.
Our experienced team is dedicated to providing exceptional service to our customers, ensuring the stable operation and efficient management of their blockchain nodes.
LAD OF THE WEEK: Ayo
𝓐𝔂𝓸 is our Lad Of The Week!
𝓐𝔂𝓸 has established himself as one of the most prolific creators of Mad Lads fan art.
His creations are more than just odes to the Mad Lads collection, they encompass what makes Mad Lads great: the community.
We have seen 𝓐𝔂𝓸 honor a dozen of the Mad Lads most active community members with his designs.
There is no doubt that 𝓐𝔂𝓸 has earned himself an all time position in the Mad Meme repository.
OtterSec attempts to penetrate Backpack Exchange
Part of the Backpack Exchange security mission is to routinely involve outside auditors to determine the sureness of code.
Next, one of the biggest milestones we need to achieve before removing the "beta" tag from the exchange is proof of reserves--verifiable from code you can see and run yourself. Not at random times. But every day. Attestations on the blockchain.
Proof of reserves is one of the most notable differences between typical centralized exchanges and Backpack.
Mad Shield has thrived since branding change
Mad Shield, previously known as Sol Shield, is leading the charge in preventing attacks on Solana builders.
We inspect the correctness of your logic, and offer hands-on live code review sessions and on-demand customization to meet your security requirements.
We future-proof your code and help you safely navigate the process of deploying your Solana project to production.
The smart contract auditor has deployed audits for Backpack, Magic Eden, Raydium and many more platforms.
Skulls and Lassies are having a cultural moment
The Mad Lads NFT collection has continued to surge in popularity on the heels of the Backpack Exchange release.
Skulls and Lassies popular traits and lay claim to some of the most notable purchase prices in collection history.
Lassies, particularly the Fock It. sweatshirt variety, have exploded in acclaim over the last week and collectively raised thousands of SOL.
It’s beginning to look a lot like Fockmas 🎄
Wendy blessed our timelines with a Mad Christmas tree.
Fock it, say it with your chest!
Community created content has evolved from the months immediately following the Mad Lads mint.
We have seen thousands of memes, custom graphics and other homages to the Fock It. mentality but nothing compares to 2JZboi’s recent work.
Roster Lad Tyler Larronde experiments with madness
Giving one of these hats to the Lad that can predict how much SOL Mad Lads gonna be at by January 1st!
Solana will have a presence at Art Basel Miami Beach
Solana is heading to Miami Beach for Art Basel with a stable of artists that merge digital and traditional design concepts.
The Solana community is making its debut at Art Basel Miami Beach, the leading international art fair, taking place Dec. 8-10, 2023, with VIP preview days on Dec. 6-7. The Solana exhibition, entitled Artists in Residence, will showcase a new fusion of traditional art and technology.
Art Basel is a goal for every traditional painter.
To be able to not only showcase how physical and digital art can be connected but also create there, is a dream coming true and I am incredibly grateful for the opportunity
-Lisanne Haack (Artist)
How to begin your Solana developer journey
The Solana Foundation has put a lot of time and energy into making the developer onboarding process extremely smooth and providing numerous learning resources.
Chase Barker, Head of Developer Ecosystem, created this master thread that highlights everything you need to know to get started on Solana.
solandy.sol has been creating detailed YouTube tutorials for Solana developers for two years. He just released another one dedicated to the basics needed to deploy a program on Solana.
Running back the Solana Speedrun competition
Magicblock is back with another season of Solana Speedrun.
Speedrun is a competition where developers will create and launch a NEW blockchain game in just 120 hours. It is themed based and challengers have no hints about what the main theme will be before the event begins.
Superteam Germany announces #OPOS bounty winners
Superteam Germany is one of the most active regional communities on Solana.
They have been featured in the Mad News for their IRL events and supplemental bounties during hackathons.
They announced the winners of their #OPOS (Only Possible On Solana) bounty this week:
The Lightspeed crew comes through with three new episodes this week.
Paul Bohm joins us to discuss how decentralized marketplaces, like ride-sharing, can leverage crypto's coordination tools to compete against today's incumbents.
Paul is a visionary, crypto OG and founder of Teleport.
Emon Motamedi joins us to discuss how Solana Labs hopes to find the next killer app.
Emon leads product at Solana Labs and is the founder of Reddit's Digital Currency team.
Did Pyth's airdrop overwhelm the Solana network? Was the degraded user experience an application fault, the result of a crude fee market or a stability issue?
Garrett and Mert answer these questions in today's roundup.