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NFTs successfully land on Solana’s blockchain: facts and figures
NFTs successfully land on Solana’s blockchain: facts and figures
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NFTs successfully land on Solana’s blockchain: facts and figures

By Amelia Tomasicchio - 4 Sep 2021

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For some time now, the NFT landscape has not only been limited to Ethereum, which still remains the industry’s reference blockchain, but also on other chains such as Solana.

Just today, news arrived that the Phantom wallet will help the music app Audius to display NFTs. Like many projects especially in the artistic field, Audius has decided to enter the world of non-fungible tokens, in this case using Solana’s blockchain, and thanks to Phantom an integration has been made to show NFTs on one’s profile in the app.

Until now, Audius only showed NFTs based on Ethereum, but now it has expanded its support to those on Solana as well.

NFT projects on Solana

Solanart.io is one of the marketplaces to sell and buy NFTs on Solana. Most of them are collectibles that follow the logic of Crypto Punks, i.e. series of figurines with lower or higher rarity depending on the objects represented on them. And indeed, on Solana we also find Sol Punks, a parody of the more famous Crypto Punks, and Dengen Ape, reminiscent of the Bored Ape, which is now a big hit at Sotheby’s auction house.

Solana’s price breaks new records thanks to NFTs

Just a few days ago, the price of Solana set an all-time record of over $100 thanks to the announcement of its entry into the world of crypto art.

Currently, due to the success of the move, SOL is ranked seventh in market capitalization and, at the time of writing this article, has a value of $143.

NFTs on Ethereum and other blockchains

Looking at the ranking of all the top-selling NFT projects on the CryptoSlam.io website, however, it is clear that Ethereum is still the most widely used blockchain. In fact, in the top 100 places, only 9 do not use Ethereum. Among these other blockchains we find Flow, WAX and Polygon but not Solana.

From this data, it is therefore clear that Solana still has a long way to go to think about competing with Ethereum.

 

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

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