During the first Star Atlas Naabathon awards, Atom won the best project prize! 🥳
We’re very excited and we want to thank the @staratlas team for the trust they’ve placed in us. ❤️
We’re working hard to bring Atom to everyone soon. Stay tuned!
@solana#WeAreStarAtlas
Thinking about starting to stream some of my coding sessions. This will include TypeScript in web3, usage of EffectTS, and of course ReactJS ⚛️.
Could this be useful? 🤓
We would like to extend our gratitude to @metaplex for providing us with these amazing development tools ⚡️
Here are some useful links 🤖
https://t.co/qzl98qRa9c
https://t.co/Z2T9y1KjNv
https://t.co/llUgoiv1bv
Here are some interesting facts about RHO development 🤓
🔥 We use the umi framework in all our codebases to simplify interaction with Solana.
✨ All of our clients are generated using kinobi.
😈 We utilize Typescript to its full potential. 🧵
Read everything, a new standard has been born.
After a careful analysis of the evolution of SPL-20 #inscriptions, I have identified some issues that are inconsistent with the real narrative and their practical use. This post is not intended to spread FUD but to address a problem.
The minting method for recent SPL-20/MPL-20/FOC-20 is incorrect and outdated. This method might have been valid for use with the Libreplex standard, but it is unnecessary on Metaplex.
Here are the observed limitations:
1-There are indexing problems; even today, some NFTs do not become part of the collection despite falling within the correct time and mint number.
2-The update authority (UA) belongs to those who created the NFTs, allowing some to change images and making the whole process unprofessional.
3-The collection will never have any utility and is unsustainable over time as it does not generate anything but instead wastes resources.
4- Any attempt to tokenize it will be futile; the token will have no value as the project cannot create a liquidity pool for that token.
5-All inscriptions in the collection available on the market are NonFungible, meaning they are unique, like all our common NFTs.
How can a collection that should represent a supply of tokens be composed of unique pieces?
However, there is a solution to all these problems, the creation of a #newstandard called #pSPL20. We cannot change the name SPL-20 because it refers to fungible tokens on #Solana . Adding the term SPL-20 to an NFT implies that it can also exist as a fungible token.
Currently available token standards in Metaplex are:
NonFungible = 0
FungibleAsset = 1
Fungible = 2
NonFungibleEdition = 3
ProgrammableNonFungible = 4
ProgrammableNonFungibleEdition = 5
If you look in the NFT metadata under the "tokenstandard" entry, that number corresponds to the list above.
Currently, it's not possible to create number 5 in a NoCode way with the creator studio or other tools. However, those familiar with coding can easily create a mint with this standard.
This allows:
1- No indexing problems; they will be immediate as they adhere to the Metaplex standard collection.
2- Minting can be done first, and then inscribing can occur, as the UA holder can inscribe later.
3- The collection will have its utility, as if it were a token benefiting from every exchange.
4- Token creation is sustainable, supported by an LP with real value that balances with the inscription's floor.
5-In case of tokenization, it makes sense, as all NFTs are the same and can easily become tokens.
I need to stop all these people who create hype but don't know what they're doing.
I'm in touch with a team to lend a hand in developing this idea.
This Ordinals project reached out to me offering to donate proceeds from their follow-up mint. And I’m at a loss for words.
These funds would be used for our efforts in CDMX to help drive attention, donation and participation to the effort to save Axolotls. 💚