Monthly Community Update | August 2022

Neo Fairies is trying to change NFT incentives, and more stories from the Solana ecosystem.

Monthly Community Update | August 2022

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Neo Fairies: Building community-centered entertainment and changing NFT incentives.

“How do you put people at the center of entertainment that they love?” asks Vijay Sundaram, the founder of Luda.

It’s a question he’s been thinking about a lot these days. At Luda, Sundaram and a team of builders with roots in popular entertainment like Disney, the God of War video game series, and Niantic are trying to reinvent the relationship between fans and stories.

Fan communities built around entertainment franchises, like the Marvel Cinematic Universe or Minecraft, are vibrant forces of creativity — that ultimately benefit a large intellectual property rights holder, says Sundaram. “[The fans] don't really have a say in the future of Minecraft or Roblox. They ultimately are customers of that product.”

And while NFTs and DAOs can give users ownership over art, many of the current incentives favor price and scarcity, not creative contributions. “Everything we built on the product side is very much about how do you deal with millions of NFTs? How do you make them free to access?” Sundaram says. “There's no mint, there's no auction, there's no drop — it's just you creating something and it's yours if you want it, and creating the model so that people's incentives are not to buy and trade and flip.”

To start, Luda has introduced the world of Neo Fairies. Built with a new tool called Wonder Protocol — which allows users to mint as they build unique objects — users will be able to create characters, locations, and more, all while participating in a DAO that will guide the future of the property. And unlike some NFT projects that require a large investment of money up front, all users need to do to join in is make a creative contribution (by responding to a prompt) and pay a few dollars in fees.

The urban-fantasy Neo Fairies envisions a version of our world where fairies have been in hiding. After joining the Discord, verifying yourself, and answering a prompt to get the creative juices flowing, users get an “Ikur Pass” that allows them to declare an area of the world a “fairy sanctuary” and mint an NFT. Soon, users will be able to use a character builder to create and mint their own characters, rather than receiving a randomly-generated one.

“We see this as one of the most aspirational ways to bring people into web3, and this new world that we want to build,” says Sundaram. “What we're trying to do is get this to be something where the community who helped create it, owns it — where the fans and the creators in that universe are literally at the center of that new monster universe in web3-land…. We believe that all entertainment in the future should look and work this way.”

Learn more about Neo Fairies.


Top Solana News

Jump Crypto introduces new validator client Firedancer

This is big. Jump Crypto has announced that they are producing an alternate validator client for the Solana network. As president of Jump Crypto Kanav Kariya put it, Firedancer is the "first attempt at a second independent client implementation outside of eth world."

Learn more about Firedancer.

Read the Validator Health Report

The state of the validator network is strong. This month, the Solana Foundation released its first report on the health of the greater Solana validator network.

The report dives into the validator network and key metrics the Foundation tracks to assess its health, including total validator count, Nakamoto Coefficient, and distribution of servers.

Some highlights:

  • The Solana network now has 3,400 validators, including over 1,900 consensus-making nodes.
  • The Solana Foundation has verified that of 1,915 consensus-producing validators, at least 1,688 (88.14%) are run by independent entities.
  • Solana's Nakamoto Coefficient is now 31. See the chart below to see how Solana compares to other proof of stake networks.
Source: Nakaflow (as of 8/7/22)

Read the full report.

Major League Hacking opens applications for Solana Fellowship

It's time to learn. MHL Fellowships announces that applications are open for its Solana Fellowship. If you've a developer who is interested in getting started, apply to get started.

Apply now.


Ecosystem Headlines

Here's what's new this month:

  • Tickets for Breakpoint, the Solana conference in Lisbon this November, are going fast.
  • Metaplex released Alpha Compression for NFTs that help creators and builders to mint 1 million NFTs at a time.
  • Pyth announced the launch of Pythnet, a network built on the Solana codebase that enables the Pyth network to aggregate first-party data at sub-second speeds.
  • Rarible Protocol, the leading open source and multichain NFT protocol, announces support for Solana NFTs.
  • Dialect, a web3 messaging service, is working with the Solana Mobile to build out core messaging infrastructure and developer tooling for SMS.
  • Jito Labs announces an MEV dashboard for Solana.