Flarnchain - Newsletter #159

Flarnchain - Newsletter #159 - Frogs

Welcome back to the flarnchain newsletter, brought to your inbox each and every week, like an atomic clock.

Listen, I don't have a ton of time to write this newsletter, so I'm going to rip through this pretty quickly. Lightening round:

Gemini, the crypto exchange that defaulted during the previous bear market, is back on the advertising trail as I received an email from them recently. This exchange is run by the Winklevoss twins, who are rich bitcoin holders who also are characters in the movie "The Social Network"
Blockfi, another crypto exchange / CeFi platform (CeFi stands for "Centralized Finance", it's dumb, I know, I don't come up with the terminology), that also defaulted during the previous bear market, is currently working through bankruptcy proceedings and I think some of the money that was tied up during the process will be released to users of the platform... actually... I don't exactly know what's going on with blockfi. I had about $10 on the platform. I was expecting to get nothing back. I try my best to move most of my crypto into self-custody wallets, because exchanges can blow up. Blockchains can blow up too, but at least you got to be a part of something cool. I'd rather go down with the "blockchain" ship, than some sort of synthetic non-custodial wallet "centralized exchange connected to a blockchain" ship.
An nft collection by me will be released on the stargaze blockchain this week. It's called frogs. I've been working on it for over a month, an hour or two at night.

Markets

Markets were flat this week. Bitcoin stayed above $50k, and Ethereum jumped up above $3k for a few moments there. Markets are taking a breather in general this week and kind of choppy, probably just another resting point before the next leg up to... I dunno $55k? In other news, Stargaze nft markets have been going bonkers, and if those break into the mainstream then anyone who has been reading my newsletter and following the nft projects that I like to talk about... you might be doing pretty good right now.

Speaking of nfts - I made a generated art collection of frogs called "frogs" which will be deployed on the stargaze blockchain this friday. I've set up the configuration of the collection where I can just deploy it tomorrow night, and everything will just... happen based on the configuration file I created tonight. In honor of that collection, tonight's market animal is a frog 🐸. First frog market animal so far in 159 newsletters.

I drew this for the newsletter... and it's hidden in the nft collection as a 1/1

Let's talk a bit more about frogs, and then end tonight early:

Frogs will go live around 19:00 UTC. If you are on the whitelist, you can mint 1 frog for 123 stars (~$6.40 at current prices).
After about 4 hours at 23:00 UTC, frogs will go live for public mint, where any wallet can mint 3 frogs for 234 stars (~$12.16 at current prices).
I'm using a "splits" smart contract which is a piece of code that lives on the stargaze blockchain that is designed to split proceeds from the mint, as well as any proceeds from trading royalties 5 different ways (20%, 20%, 20%, 20%). Here's how it's being split:
1. 20% to me.
2. 20% to the proto towers collaborator wallet (which is then split 19 different ways based on a custom transaction builder I built using the DAODAO ui).
3. 20% to the proto towers DAO treasury, which is just going to accumulate funds until the DAO members figure out what the heck to do with it.
4. 20% to frogstar, a guy who inspired me to create this collection of frogs.
5. 20% to the 'smokers club' wallet, because these guys did a lot to help promote Proto Towers.

Okay, that all took a very long time to write. Just to stay consistent, here's a quick update on 52 weeks of HUAHUA: I used some proto towers sales to buy 250k HUAHUA, pushing the HUAHUA wallet over 1 million HUAHUA. the price of HUAHUA is down about 50% since I started this experiment 12 weeks ago.