Non-Fungible Weekly #3

#SolanaSZN has arrived and the NFT markets are on 🔥 - In this week's newsletter, we discuss the Cets and Degods exploding, Bridgesplit updates, & more.

Bridgesplit Updates...

• Bridgesplit mobile is finished and is being announced this week 📱

• Playground Waves and Epochs Staking is finalized and ready for release 🌊

• We're in the Bahamas this week, DM @truittluke if you're around!

• Bridgesplit is hiring a Head of Marketing/Content. If you're looking for a full-time position and willing to relocate to New York, email [email protected]

OG Atadians launch third round of Lending Lab experiment

The Atadians are actively gathering data to develop their PFP score (Profile Picture Score) for the Web3 space. The PFP score is an indicator based on the user's wallet histories that are then run through an evolving model to generate a trust score. This score could have significant implications for Web3 and beyond. Possible areas include non-collateralized lending, mint now-pay later, and interactions between strangers.

The Lending Lab is being utilized to gather the necessary data to evolve the model for assigning PFP scores. Users are asked to connect as many wallets as they would like for consideration. Based on criteria in the model, they are then offered options of 1, 2, 3, or 4 SOL loans depending on the score they were able to attain. The loan duration is one week and comes with a 5% service fee. Borrowers who pay back the loan plus interest within the week can grow their PFP score. Those who default by not paying within two weeks past the due date are blocked from borrowing.

Since the blockchain is entirely connected and traceable, dApps and platforms that choose to implement PFP scores will be able to view whether a person has exhibited trustworthy behavior or not based on their scores. Rather than existing lending platforms viewing Atadians as a competitor, it may be more accurate for the PFP score to be seen as a tool. This tool could be used in many ways, including setting PFP score tiers for lending where less collateral is required for a borrower to secure a loan or variable loan durations.

NFT Market Updates

Will the floors ever stop pumping? 🚀

• DeGods hitting over a 320+ SOL floor 🤯

• Cets on Creck over a 90+ SOL floor

• Shadowy Super Coders back to a 160+ SOL floor

• Blocksmith Labs is over a 35+ SOL floor

We're continuing to see NFTs pump to new ATHs. Not only is this beneficial to the holders, but the whole Solana ecosystem. Solana is truly concreting itself in the NFT scene. At what point do things begin to cool off? Let us know your thoughts on where you think we are headed with the current NFT markets!

See you all next Monday!

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