Unibot On Solana, Backpack Goes Global & More

Welcome back!

This is J264G and this week I’ve got these titbits for you:

• Solana Unibot: Fluxbot, Solana's version of Unibot, goes live.

• Token2049: Backpack will be at Token2049 promoting mass adoption.

• OPOS: Solana's newest community hackathon launched with 25 tracks.

PayPal has 426 million users.

And now the behemoth from San Jose has launched its own stablecoin — hard to imagine that it won’t be successful.

Why? 👇

Web3/crypto still needs to fully grasp this — as discussed in our content flywheel spotlight.

The sooner web3/crypto teams understand the power of distribution, the sooner we’re able to move this industry forward 🫡

Now, let’s get into it!

Click on any underlined heading / hyperlink to learn more.

Spotlight

Scaling Developer Onboarding

Growth requires nurturing.

Thus, if we want the Solana ecosystem to grow, we need to create low-friction on-ramps for developers from Solidity, Rust, C, and other communities. Additionally, we need to attract developers from other places than our web3/crypto bubble.

But convincing someone to change their career trajectory can be difficult.

First, we'd need to understand their motivations, frustrations, and aspirations to gain insight into their perspective. Second, we'd have to encourage them to reflect on their long-term goals and passions and help them identify whether their current career aligns with their values and what they genuinely enjoy doing. Third, we should present potential career options that align with their strengths and interests — such as personal growth, increased job satisfaction, or higher earning potential.

This is the bare minimum, though.

We'd also have to do the following:

1. Address Concerns and Fears: Acknowledge any concerns or fears they may have and discuss possible solutions to mitigate risks, such as upskilling, networking, or mentorship.

2. Offer Support and Resources: Offer support throughout their career transition journey. Provide resources, recommend relevant courses or workshops, and connect them with other developers.

3. Provide Real-Life Examples: Share success stories of developers who have successfully transitioned to Solana. Hearing about others' experiences can be motivating and inspire confidence.

4. Encourage Small Steps: Suggest taking small steps toward the new career while maintaining their current job. This can involve volunteering, freelancing, or working on side projects to gain experience.

5. Only Possible On Solana (OPOS): Highlight innovations and use cases that can only be used and built on Solana.

6. Answer The Basics: In order to exponentially grow the developer ecosystem on Solana, we also need to have answers ready for the most basic questions.

In this context, Superteam and Hackerhouses are doing a phenomenal job.

My only concern is that the IRL approach may not scale as well.

If we want the developer ecosystem on Solana to scale swiftly, we also need a digital approach and meet web2 devs where they are.

That's the real unlock.

Let's go big!

Charts Of The Week

News Bites

Solana Unibot: With the introduction of Fluxbot, Solana now has its own Unibot i.e. Telegram bot. The bot allows users to trade tokens through Telegram while they're on the move, which might be particularly handy for all memecoin degens.

Frictionless Onboarding: Speaking of breaking out of our echo chamber, Tristan will be at Token2049 talking about bringing in new users to web3/crypto by making the onboarding as frictionless as possible through Backpack.

Community Hackathon: The Only Possible on Solana (OPOS) hackathon with thousands of USDC in prizes has gone live with 25 tracks. It will run until the 21st of August.

Silicon Valley BONK (SVB): The Bonk team has released SVB — an on-chain gaming experience with a simple premise: Be the last to buy a key, unlock the vault, and win the grand prize.

ICYMI

Marinade Native: Institutional investors tend to avoid the smart contract risk associated with liquid staking. For this reason, over 97% of all staked SOL — $8.1 billion — is currently staked natively with individual validators. Staking natively, however, can be bothersome, involve commission rugging, and introduce slashing risks. This is why Marinade Native combines the delegation strategy concept of liquid staking with the non-custodial benefits of native staking.

Caught In 4K

Weekly Take

Keks & Giggles

And that's a wrap!

If you'd like to reach me, respond to this newsletter or reach out to me on Twitter.

Talk soon!

J264G

_{DISCLAIMER
None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Lastly, please be advised that we discuss products and services from our partners from which our team members may hold tokens/equity.}