Non-Fungible Weekly #7

Credits to @Cryptobanz

This week in #SolanaNFTs was riddled with drama which brought disappointment to many and entertainment to others. Read below for the full scoop on the action-packed Reptilian Renegades rug and updates from Bridgesplit.

Bridgesplit Updates...

• The Solana NFT Ecosystem is buying the world's largest pallet of beer and we are raising the funds through Bidsplit! - You can contribute here! (You will receive a 6 pack of Degen Apes Beer 🍺

• We launched our Unstoppable Domains Index titled "Bridgesplit Brand Index" which is a curated index full of domains from Unstoppable Domains. Holders can get exclusive access to events, merch, and access to future projects.

• We announced our partnership and launched our index with Jungle Cats! 🦁

• Throughout the next few weeks, we will continue to roll out more partners and big announcements.

• If you are a collection looking to get launched on our app, let us know!

The Rugger strikes again...

Chart courtesy of Solsniper

Just a week ago, Reptilian Renegades (RR henceforth) was all the frenzy. The project was climbing to new ATHs and it dominated the timeline conversation. But all good things come to an end.

Last Thursday, Hydra Launchpad posted a formal letter to its users on Twitter, describing a late-night call with the founder of RR who claimed to be rugging users of primary mint revenue. He was also allegedly the actor behind the Balloonsville rug. The letter left the ecosystem dumbfounded as to how it could get duped not just multiple times but by the same user.

The road took yet another turn as the RR Twitter account, which had maintained a professional presence, began an aggressive and target tweeting rampage. The rugger began to post tweets every few minutes, calling out specific influencers and projects, highlighting what he considered unethical practices. He brought to light the exchange of SOL for whitelist spots among popular influencers and criticized roadmaps and decisions of some of the most popular projects.

Unsurprisingly, the RR floor plummeted and the Twitter conversations exploded. Many were on @IcedKnife’s Twitter space of more than a thousand listeners. Leaders in the space speculated on the identity of the rugger, evaluated his tweets, and discussed the impact the event may have on the ecosystem.

During the space and less than a half-hour into the rampage, a prominent Twitter user and proclaimed “on-chain sleuth” responded to one of the RR tweets with "Hi Arian." In moments, the RR Twitter was deleted, leaving many scratching their heads at the series the events.Screenshots from the event below:

The discussion that ensued on Twitter sought to answer a number of concerns, from the future of the project to Hydra Launchpad’s handling of the situation.  The rugger, or self-proclaimed “web3 batman”, has moved on to his own complete Discord where he is hosting AMAs and sharing his opinions on another new project. Is “Arian” a good guy or a villain? Let us know your thoughts over in our Discord!

NFT Market Updates

Solana NFTs have retraced a bit... Are people anticipating sniping Trippin Apes?

• DeGods pump up above a 350 SOL floor

• Famous Fox Federation rises above a 58 SOL floor

• Blocksmith Labs shoots over a 115 SOL floor

• Cets, SolGods, Okay Bears, and Catalina Whale Mixers see slight pullbacks

The NFT markets are sitting in an interesting place... We see a clear distinction between which NFTs are blue-chips as they are continuing to hold high floors. In markets like this, it really shows who the weakest collections are. With some upcoming big launches including Trippin' Ape Tribe, Great Goats, Jikan Studios, and DeGod's Duppies - we will most likely see some of that liquidity get put back into the blue-chips. Let us know your thoughts on how the NFT market is going to play out in the next coming weeks. Do you think Great Goats or Trippin Ape Tribe will serve as blue-chips or are we getting rugged again?

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