State of cNFT adoption on Solana Bounty

ChBr...Y3Vi

17 Dec 2023

About the Bounty

This is a bounty for the best essays that describe the state of cNFT adoption on Solana.

cNFTs have fundamentally altered the digital collectibles landscape,

from scarcity to abundance
from PFPs to art, memes, music, podcasts, games, stickers & comics
from vanilla mint pages to contextual in-app experiences
from high mint prices to claim games

The first-order effect of compression is that it drastically reduces the cost of distributing NFTs at scale.

But, the second-order effect of making something inexpensive is that sets off a virtuous cycle,
--> people can run lots of experiments with it,
--> some of these succeed & capture user attention
--> and that attracts people who want to build more products, tools and use cases to service that attention.
--> which captures more user attention...

Evaluation Criteria

The ideal essay will:

Describe the product use cases enabled by cNFTs through examples like DRiP, Solarplex, Dialect, etc.
Describe the state of cNFT tooling on Solana through examples like Underdog protocol, TipLink, etc.
Quantify the state of adoption using available metrics like weekly cNFTs minted, unique users who hold cNFTs, the associated costs, marketplace volume, royalties generated, etc & contrast them against legacy NFT metrics
Make suggestions for new use cases or features that you’d like to see
Describe the communities that have emerged around cNFT art & contrast them against those formed around legacy NFTs.
Briefly explain the tech behind compression & point to more resources
Present your thesis on the impact cNFTs will have in driving Solana product growth & user adoption.

Depth

Is your essay the one-stop resource for people to get up to speed with the state of cNFT adoption on Solana?
Did you try product experiences & tools built using cNFTs?
Did you take screenshots, create infographics, memes etc that make your content easier to digest?

Writing Style

Did you write a compelling introduction and a satisfying conclusion?
Is your writing easy and fun to read?
Did you avoid overly complex jargon?
Did you explain concepts in a way a person new to crypto could understand?

Submission Requirements

Did you write your essay in English?
Is your submission at least 1,000 words? Note that typical bounty winners are ~2,000 words.
Did you include links to your sources under the title “References”? If you have used external sources and no references are included, your bounty could be rejected on grounds of plagiarism.

Resources

TipLink Pro: https://x.com/TipLinkOfficial/status/1725206997707133208?s=20
Underdog: https://www.underdogprotocol.com/
DRiP creators: https://drip.haus/discover
Solana Burning man: https://x.com/kiryl_sol/status/1703858206320013427?s=20
DRiP tracker by Kiryl: https://x.com/kiryl_sol/status/1723777942612766866?s=20
Picoplay: https://picoplay.fun/
Messari Q3 report: https://messari.io/report/state-of-solana-q3-2023
Top Ledger analytics: https://x.com/ledger_top/status/1703078010528968898?s=20
Solarplex embedded art: https://x.com/solarplex_xyz/status/1729286462489645454?s=20
Dialect claim games: https://x.com/saydialect/status/1662114315678392320?s=20
TipLink free collectibles at scale: https://x.com/TipLinkOfficial/status/1689352573155946496?s=20
Technical explainer by Helius: https://www.helius.dev/blog/solana-nft-compression#compression-background
Deep Dive Guidelines: https://superteamdao.notion.site/Deep-Dive-Bounty-Guidelines-bb86ec5ac3a14087b018b90afe69d5bd

Terms

Participation in this bounty is entirely voluntary. Bounties are a way to learn and dabble in opportunities to build in web3. These are neither full time jobs nor project based engagement. Please be advised that the sponsors will not have time for individualized feedback due to the number of entries we rec

Join : https://earn.superteam.fun/listings/bounties/state-of-cnfts-on-solana/