In this article, we show you the list of top 8 NFT marketplaces built on the Solana blockchain, one of the most eco-friendly blockchains. NFTs have been one of the big trends in the crypto industry in 2021. Most non-fungible token (NFT) platforms are built on the Ethereum blockchain, which has increased network congestion and further increased their gas costs. This has allowed other next-gen blockchains, such as Solana, to gain popularity, due to their high performance and scalability.
Solana facilitates a development ecosystem that is much more accessible to everyone, in terms of fees and transaction speed. Moreover, this blockchain is considered to be up to 2 million times more environmentally efficient than Ethereum. At least that’s how the Solana Foundation pointed out in a report on energy efficiency published in November 2021. All these circumstances have led to its growth and development at an accelerated pace.
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8 NFT markets in Solana
Next, we show you the top NFT marketplaces built on the Solana Scalability Network
magic eden is currently the main NFT market of the Solana network, with more than 6.2 million SOL traded within its platform to date. This figure equates to approximately $589 million, based on SOL’s current price of $94.6 per unit. Magic Eden brings together many of the most requested crypto collections on the net, such as Degenerate Ape Academy, Portals, MonkeLabs, Solana Monke Rejects Yes Thugbirdz. In the past few hours, the volume traded within this NFT market stands at 78,130 SOL (about $7.39 million).
Unlike Ethereum, Magic Eden lowers the barriers to entry into the world of NFTs with its low fees and lightning-fast transactions. Beginning of December 2021, daily trading volume at Magic Eden outmoded those of Opensea, despite the fact that the Solana market has fewer active users than Opensea.
This NFT marketplace was officially launched in September 2021, to facilitate the minting, trading and storage of NFT tokens within the Solana network ecosystem. Some of its most famous collections, such as Degenerate Ape Academy Yes thugbirdz have been criticized for their similarity to crypto collections Bored Ape Yacht Club Yes CryptoPunks of Etherum. But the high demand for these tokens underscores that this is a strong and ever-growing community.
Solanart it was one of the first NFT markets developed on the Solana blockchain. It is an organized marketplace where you can buy, sell and trade NFTs from a wide range of different collections. From this platform, it is also possible to organize auctions and creators can generate royalties from the sale of their works within the platform. As an organized market, Solanart screens NFT collections that can be traded on the platform, to ensure access to projects of value and utility.
Currently, Solanart is the second largest NFT marketplace in the Solana network by volume traded. With over 4.8 million SOL (about $455 million) in sales, at the time of this edition. This market generates about 1,000 NFT sales per day, as shown on its web portal. The most active NFT collections within this platform are: Degenerate Ape Academy, Aurory, SolPunks, Galactic Gecko Space Garage Yes Bold badgers.
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Solanart does not hold ownership of NFTs, it creates a temporary account at the time of trading an asset. Users can connect different wallets, such as Phantom, MathWallet, Sollet.io, among others, to interact with this NFT platform. At Solanart, only NFT trading with the SOL cryptocurrency is allowed.
SolSEA is an NFT market platform launched by Solana. This marketplace was the first to allow creators to choose and incorporate licenses when editing NFTs. That is to say, the first to directly integrate copyright into works and creations in the NFT format. Giving users full control over their creations. Additionally, SolSEA is compatible with FTX Pay and Moonpay, thus supporting non-fungible token trading using Tether (USDT) and USD Coin (USDC) stablecoins, in addition to SOL.
The most traded NFT collections within this NFT platform are: Dapper Apes, I´M AIKO, Solana Sluts, Cozy Corners Yes SolPunks. Moving a total volume of more than $1.2 million in the last 30 days. This NFT market allows users to mint individual and unique NFTs as well as entire collections, to which traits and attributes of different rarities can be added. SolSEA also allows users to track future NFT projects.
Upcoming releases in this NFT market, such as TheMonkeyDesignClub Yes City of MetaEggs, arouse great interest among users. On Twitter, the two projects have more than 27,000 followers.
digital eye market
digital eye market is a platform for creating and trading verified NFTs. Users of this market can create their own NFTs, which will be checked beforehand by the platform team. Digital Eyes Market is in beta and has generated over $100 million since launch.
NFT projects like Solana Monkey Business, Solarians, Frakt, Abstratica, Galactic, Gecko Space Garage, Thug Birdz, Degenerate Ape Academy Yes dawn are listed on this NFT market. One of the most important NFT collections today is bonfidawhose NFTs are auction up to 4,777 SOL (452,100 USD currently).
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Released in the middle of last year, Metaplex is an NFT marketplace created to be Solana’s NFT standard. Metaplex allows users, artists, creators and brands to create their own custom NFTs. As stated on its web portal, it is an open source, fast and affordable protocol where Web 3 users and creators can create their own ecosystems of non-fungible tokens for marketplaces, games, art and collectibles.
Currently, this protocol hosts some 7.5 million NFTs. Over 3 million artists, creators and brands use Metaplex to create valuable work and build their own online communities. Metaplex was launched by the Metaplex Foundation and is backed by Solana Labs and FTX crypto exchange.
Users of this platform can trade their NFTs without market fees and access developer tools to build their NFT projects. Metaplex allows NFTs to be minted for use as assets in gaming platforms. Or create new NFT marketplaces or stores, launch generative art crypto collections, and much more. Some of the most notable projects and collections of this NFT protocol are: Market VooVoo NFT, Space Falcon, SolChicks, Alien vs. People, Genopets, Oddkey, Nyan Heroes, I AM AIKO Yes Solana monkey business.
soluble, developed by the Bonfida project, was the first NFT marketplace launched on Solana and Serum in April 2020. It is an NFT platform where users can mint their non-fungible tokens linked to real-world objects under the Solana SLP standard. From Solible it is possible to mint NFTs of clothing, artwork, collectibles or sporting goods and more. NFTs can also be created with no relation to the real world.
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Some of the NFTs displayed on this marketplace include sports t-shirts and socks, a painting of a Shiba Inu dog, a transportation vehicle with the Bitcoin logo, gifs, logos, and more. Within this platform, users can trade their NFTs using Serum’s native token, SRM; in addition to the stablecoin USD Coin (USDC) and the Frontier token (FRONT).
Images associated with NFTs manufactured by Solible are stored in the IPFS interplanetary file system, providing a secure protocol and network for storing and exchanging data.
FTXNFT, launched in October 2021, is a marketplace created by cryptocurrency exchange FTX on the Solana blockchain to provide users with a space to trade NFTs without the cost of gas required in Ethereum. However, it is a centralized platform, where users must register in order to enter. At this time, this NFT platform does not support deposits from FTX International as listed on its web portal. Also, it is not available to citizens and residents of New York.
Within the FTX NFT platform, users can mint, buy, sell, and trade NFTs in US Dollars, SOL, or ETH. Users of this market can use different payment methods, such as card and bank transfers. In addition, FTX NFT also supports trading NFTs minted in Solana’s Metaplex standard.
At the time of its launch, Brett Harrison, President of FTX.US, said that FTX NFT, being centralized, provides an effective solution to one of the existing concerns in non-fungible token markets: verification of authenticity.
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Sollectify will be a new NFT marketplace built on Solana’s Serum protocol. It was first announced in May 2021 as an NFT marketplace platform focused on gaming artwork and crypto collectibles. Through GitHub, the Sollectify development team showed part of the development of the new platform. Indicating that the market will allow, in the future, the trading of multi-chain NFTs, based on Solana, Ethereum and the BSC.
We are pleased to announce Sollectify, based on @solarium and @ProjectSerum. Sollectify is a creator-centric NFT marketplace where platform users can easily create, trade, and sell Non-Fungible Tokens (NFTs) for their unique digital items like artwork, game items, and more … pic.twitter.com/140yHoq6JW
— Sollectify (@sollectify) May 1, 2021
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