How Hybrid NFTs (SPL-404) Will Be The Next Meta | Weedlechamp (Mutantmon)
We chat with Jake Randall, one of the co-founders of Mutant Mon and pioneer of the emergent 404 standard. Mutant Mon is the first SPL-404 hybrid token on Solana, bridging NFTs and fungible tokens under one primitive. The project has been incubating since 2021 and draws inspiration from the fusionmon concept in the Pokemon fan game scene. The team has developed a novel re-rolling aspect where every time an NFT is swapped for tokens, a new NFT with different stats and collectability is created. The project also introduces a 2% tax on swaps, creating a deflationary token and driving revenue for the ecosystem. The conversation explores the concerns and challenges of creating a standard for hybrid NFT collections. We close the episode chatting about the future of marketplaces and the need for change in the NFT ecosystem.
- - Time Stamps (0:00) - Introduction to Mutantmon (4:54) - Differences to fractionalizing NFTs (7:16) - Interplay of SPL404 with rarity (10:52) - Will 2% tax kill velocity? (12:38) - Tying NFT valuation to memecoins (16:24) - Proposal to turn SMB v3 into SPL404 (21:18) - Memecoins into NFTs or NFTs into memecoins? (22:55) - Mutantmon too similar to Pokemon? (24:59) - Building a 404 Launchpad (27:55) - Why NFT meta on Solana has died (34:22) - Mutantmon tokenomics (36:56) - Building 404 on Solana vs Eth (39:55) - SPL404 vs SPL22 (42:17) - Future of NFT marketplaces (44:49) - Tensor in competiton with Jupiter? (50:21) - How will NFT space evolve - - Podcast Resources Follow Sal: https://twitter.com/salxyz Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Spotify, Apple, or Google: https://unlayered.io/ Subscribe on YouTube: https://www.youtube.com/@UnlayeredPod - - Episode Resources Follow WeedleChamp : https://Twitter.com/WeedleChamp Follow Mutantmon : https://Twitter.com/Mutantmon_Sol