On April 25th Metaplex is on track to make ~50-55k SOL due to the resize deadline. I won’t get into specifics but the tl;dr is that Metaplex has a new NFT standard that costs significantly less SOL. Users can resize their accounts using https://x.com/solincinerator and get some SOL back (if you have a lot of NFTs it can be material).
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I'm wondering if the memecoin creation on pump.fun used the meteplex token standard?
yes they do, pump has been a big driver of metaplex's fungible token standard
Also bullish on MPLX. They do a lot of things very well, eg the buyback is not burnt but used for value-accretive purposes (most recently the DEX LP programme that bootstrapped much better pool depth).
I have a feeling most peops think MPLX = cNFTs but ignore the fungible token standards. Also, the revenue function is a bit hard to understand as different token standards have different biling frequencies (eg one-off vs recurring).
How would you paraphrase the Metaplex Programme Library (MPL) in the context of AURA and SVMs? Struggling to conceptualise this.
I checked on Nansen and none of the large holders (Jump, Defiant) moved any tokens in the last 30 days. That excludes the buyers from the FTX estate deal, though.
"How would you paraphrase the Metaplex Programme Library (MPL) in the context of AURA and SVMs? Struggling to conceptualise this."
I think it's just easy for these new SVM chains to use something that's worked well on Solana? Creating new infra is hard and easier to just plug & play metaplex. https://x.com/chelms34/status/1867248257442992160
Seen this in the docs: They refer to Aura as a data availability layer
Aura Nodes efficiently index asset data and provide real-time data availability, secured and governed by the $MPLX token.
oh, yeah i think this mostly relates to storage and compression. instead of storing metadata onchain it's offchain in aura and then served onchain on demand. this is how cNFTs are able to be so cheap for example. I think of it more as storage than DA.
For extra info, if you want to resize your NFTs on https://sol-incinerator.com/#/, go to the CLEANUP tab and then click the Resize NFTs button. You will be able to see how much SOL you will receive prior to submitting the transaction.
