📱 Like, Follow, Subscribe | Mad News #47
The most powerful marketing campaign in Backpack's history, PRCL & Earn trading quest, preparing for the io.net token drop, expanded Exchange API functions and Wormhole Badge popularity.
Welcome to the Mad News!
One photo to rule them all 📸
PRCL and Earn II is live! 🏠
Perfecting the playbook with io.net 🪙
IP address whitelisting API keys 🔑
Attis is on top of the video editing game 🎮
Wormhole Lads standing strong 🤝
SPL404’s are taking Solana by storm 🌪️
…and much more!
Follow the Mad Lads on Instagram, TikTok and YouTube and “some lucky followers will be given prizes.”
One photo to rule them all 📸
‘Saturday, live from Chicago’ is a bedrock of Backpack lore, a weekly series that started when the team was first building out the Wallet and beginning work on the Exchange.
The images were captured over a three month period at the Jump Crypto offices before Backpack headquarters shifted to a WeWork building in Tokyo, Japan.
One single photo from those early days has likely been seen by more eyeballs than any other Backpack marketing effort.
The image above gained quazi-internet fame as non-web3 brands use the image as a theme for their content and advertising campaigns.
LinkedIn, Pinterest and Instagram and other social platforms have hosted this image in coordination with inspirational messages, AI businesses promising productivity boosts and even aspiring tech bros praising hustle culture.
When is somebody going to release this as an NFT?
Check your Questlog, PRCL and Earn II is live! 🏠
Backpack’s Pre Season continues with “$PRCL and Earn II”, the latest Questlog event featuring the newly listed token from Parcl.
$PRCL and Earn begins on April 24th at 07:00 UTC and ends on May 10 at 07:00 UTC.
- 500K PRCL will be dropped linearly to the Top 10 traders by PRCL taker volume
- 500K PRCL will be dropped linearly to the Top 70% of traders by PRCL taker volume - The Top 10 traders will not be counted in this pool
This is actually the third Parcl event on the Exchange.
The first was when traders who met requirements were distributed PRCL when the token was listed as well as the first ‘PRCL and Earn’ Quest.
Perfecting the playbook with io.net 🪙
io.net is the latest crypto company to host it’s governance token emergence on the Backpack Exchange.
This growth strategy has been quite successful for the Backpack Exchange:
Align with proven web3 operators who are seeking a platform to coordinate their token launches on.
All trading quests fall under the “Pre Season” umbrella which has a goal of encouraging traders to stay on Backpack even when specific events are not running.
The Pre Season is about awarding early and consistent Backpack Exchange users.
Users who traded between the snapshots will have their activity considered for a separate loyalty drop at our next launch event.
IP address whitelisting is released for Backpack Exchange API keys 🔑
Advanced users and massive crypto trading institutions received a fresh feature release this week as IP address whitelisting goes live.
Connecting to the Exchange via API gives a much more powerful command of the trading experience including increased visibility of Exchange activity along with the ability to connect trading bots which automate the process.
API docs and clients for the Backpack Exchange:
Kamino is latest to implement the Backpack Wallet sidebar 🖥️
Kamino Finance is one of the largest DeFi platforms on Solana and now an advocate of the Backpack Wallet sidebar integration.
They have an upcoming token release planned for April 30th but that could always change.
Ticker: KMNO
Total Supply: 10,000,000,000
Estimated Initial Circulating Supply: 1,000,000,000
Initial Community Distribution: 750,000,000
Attis is on top of the video editing game 🎮
Attis has dropped high quality hype reels cheerleading the Mad Lads, The Roster and Backpack for *literally* years at this point.
This weeks release was an ode to Mad Lads and the celebration of their one year mint anniversary.
Initially he tackled highlights from Armani’s Sunday Streams and Tristan’s podcast appearances.
A majority of his videos have focused on The Roster, a Mad Lads IRL touchpoint that features a group of the sickest extreme athletes in the world.
Shout out to Attis and everything he’s done to champion the Mad Lads community.
Learn more about the largest regional community of Mad Lads 🤝
Mad Lads Vietnam (MLVN) is one of the IRL community powerhouses hosting live events, weekly Spaces and spearheading the Mad News Vietnam translation.
We learned more about MLVN in Mad News Issue #44 with the first edition of our editorial series.
Now we’re back interviewing a prolific member of the MLVN community, Mad Lukas.
It’s because of Mad Lads that I aped into Solana on time, before SOL exploded.
I can't deny that the Lads holders community always has a super cool style. Probably no other NFT community could do the same things as the Lads do.
Why?
Being a Lad holder, you're always in touch with other Lad holders. Just reading the comments, you can tell who they are.
- Lads follow Lads
- WAO
- Lads on Top
- Fock it!
Sound familiar?
Keep an eye on your inbox for when we publish the full length issue.
LAD OF THE WEEK: Aslan(bek) 🦁
Our LOTW is the first repeat nominee, Aslan!
If you don’t recognize the name I can almost guarantee that you have seen his artwork in one form or another.
He has THIRTY THREE entries in the Mad Memes repository which is far more than any other community artist can claim.
Most recently his artwork was featured on the Backpack DRiP channel.
Subscribe to the DRiP channel now if you haven’t already!
Prolific is a word that I casually toss around however it implicitly describes Aslan’s creative style: for the love of the game.
Make sure to follow Aslan and Like at least ten posts!
Wormhole Lads standing strong 🤝
Mad Lads which carry a Wormhole Badge in their inventory command a high demand and from a retail standpoint they currently carry a ~40% premium compared to the floor price.
You may be asking yourself “why are the Wormhole Badge Lads so much more valuable?” and the answer is simple.
Tokens.
Holders of Wormhole Badges can claim W tokens via an xNFT in the Backpack Wallet.
The first claim wave of 3,410 tokens has an average USD value of $2247 (at the time of writing this article).
SPL404’s are taking Solana by storm 🌪️
SPL404’s are powered by the recently rebranded Token22 (previously called Token-2022) technology.
An SPL404 is a non-fungible token that’s minted via Solana’s Token22 standard and has properties that allow a creator to set an intrinsic token value to each NFT.
-voh
The new standard was inspired by Ethereum’s ERC-404 token and is the first ‘hybrid token’ on Solana.
Mutantmon is the team responsible for creating the SPL-404 protocol.
Their whitepaper examines the new standard from top to bottom.
“DePIN projects have gained momentum on Solana blockchain” 📍
DePIN is one of the likely vectors that will propel Solana (and the rest of the blockchain ecosystem) to real world notability.
Decentralized Physical Infrastructure (DePIN) is utilizing blockchain technology to enable users to take ownership of their data.
Tokens incentivize users to provide services in the real world using physical infrastructure and systems.
Helium and Hivemapper are DePIN projects which the Mad News has covered extensively over the last year.
Crypto tokens were a way to align the incentives of a big community to build something collectively and bootstrap it to the scale that it needs to reach to compete with existing infrastructure incumbents.
I’m not aware of any other financial system that would offer this kind of functionality.
-Gabe Nelson, Head of Operations at Hivemapper
Read the full length interview on Blockworks.
Visa monitored stablecoin data shows that Solana reigns supreme 💳
New data from Visa (via the Allium blockchain data aggregator) place Solana far and away on top of the stablecoin volume across all networks.
Visa has had eyes on Solana for the last several years and nominated Solana as their onchain choice for crypto transactions.
Read Visa’s “A deep dive on Solana, a high performance blockchain network” here.
Solana drops 2x Case Studies in one month 📖
Solana Case Studies are deep dives into the most interesting projects building on the blockchain, specifically projects that have massive applications for normal people.
Homebase is Changing Real Estate Investments with Solana
Homebase, a pioneering startup in real estate tokenization, made a significant breakthrough when it sold a single-family home in McAllen, Texas to 38 investors — 30 of them non-institutional.
Unlike traditional real estate investing, which is focused on commercial or multi-family buildings, Homebase tokenized a single family building.
Helio’s Shopify x Solana Pay Plugin Powers Phone Sales
The launch saw $35 million in sales — all of which was facilitated through the plugin, with more than half of the transactions conducted in crypto. The plugin processed more than 20 sales per second at peak times.
This translated into Solana Mobile saving over $600,000 in fees by Feb. 13, 2024 using Helio’s plugin instead of traditional credit card payment methods ($1,050,000 in savings at the time of publication)
Superteam’s high quality STFU series tackles Decaf ☕
Superteam’s STFU (Showcasing The Future, Unleashed) series has emerged over the last several months as a high production value video series that dives deep into impactful projects.
This week they cover Decaf, a project dedicated to creating easy to access crypto onramps and offramps.
Decaf is also working to provide digital payment options for populations that don’t have access to traditional banking solutions.
PODCAST CORNER 🎙️
Solana Changelog, April 2024
Migrating BPF programs, priority fees on the CLI, and more with Solana Foundation gurus Jacob Creech and Nick Frosty.
Validated
Austin talks with David Taylor (Etherfuse) about tokenizing Mexican bonds and equities. By bringing these assets onchain, Etherfuse is drastically reducing global barriers to entry in emerging markets.
David discusses the Mexican government's enthusiastic response to their partnership and how their success could set a precedent for other governments tokenizing their treasuries through Etherfuse.
DUTA CRYPTO
Backpack, Wallet Crypto Non Kustodial yang digadang-gadang menjadi dompet crypto terbaik tahun ini, 2024 karena perkembangan usernya yang signifikan.
Lalu apa sih kelebihan dari backpack? Bagaimana cara menggunakan backpack? Cara kirim, terima, swap, simpan nft, dll di backpack?
Yuk kita bahas disini secara lengkap.
Logan Jastremski Podcast
DIMO Founder Rob Solomon on DePIN, Early days of Ethereum, and the future of the industry.
Lightspeed Podcast - The End Of EVM Dominance
This week Rushi Manche of Movement Labs joins the show to discuss why 2023 was the year of DA & 2024 will be the year of the VM.
Lightspeed Podcast - The Solana End Game
This week we invite Anatoly Yakovenko & Lucas Bruder to the show for a discussion on the current state of Solana. We deep dive into the transaction problem as on chain volumes have exploded in recent months.
Toly & Lucas explore the solutions that could help to increase chain performance & what's next for Solana.
The Delphi Podcast
GRASS (GetGrass.io) is a viral crypto AI project built on Solana that aims to scrape and validate internet data for AI training.
The data collected by GRASS can be used for training specialized AI models, fine-tuning models, and real-time inference.
