Solana & NFT: Everything Cryptofans Need to Know About Solana & NFTs!

SOL, the Solana network’s native token, has firmly established itself in the top 10 in the global crypto market. The market value is now around $ 43 billion. With a price increase of around 30% within the last seven days, SOL is the best top 10 coin. This should also be related to the booming NFT market and news from the Solana blockchain. For in the area of ​​non-fungible tokens, Solana is taking the next step. Blockchain # 2 in the market for non-fungible tokens continues to rely on the future trend. Whether it’s digital art, gaming features or merchandise, Solana blockchain offers a wide range of NFTs. What do crypto fans need to know about Solana blockchain and non-fungible tokens now?

What is Solana?

Solana is a decentralized blockchain solution that relies on high scalability and user-friendly apps. Thanks to the implemented proof-of-history, transactions with Solana can be processed much faster and cheaper than is the case with, for example, Ethereum. Solana’s scaling aims at global adoption of the ecosystem. The Solana network describes itself as extremely ambitious and not very reserved:

“Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more.”

OpenSea meets Solana: win-win situation for both ecosystems

The integration of Solana into the leading NFT trading platform OpenSea has been hotly debated for some time. Again and again there were rumors that just did not want to disappear from social networks. So it’s hardly surprising that OpenSea puts a grinning smile on the official tweet about the Solana integration and ironically reports on the best kept secret on the web3.

The Solana chain is already being integrated into OpenSea this month. Although there is no specific date yet. Nevertheless, OpenSea users should also be able to purchase non-fungible tokens extracted on Solana in the next few weeks. Currently, the Ethereum-powered NFT Marketplace is the most popular choice for non-fungible tokens. At the same time, Solana is the second largest blockchain in the NFT area, behind Ethereum, when estimating the market value across the various collections. The NFT market in the Solana ecosystem grew disproportionately last year. As a result, OpenSea and Solana could just as well take advantage of the logical move.

First comes Ethereum, then nothing for a long time and then Solana

Ethereum has struggled with increasing problems in recent years. The Ethereum 2.0 upgrade should finally be completed in 2022 after many years of odyssey. Nevertheless, the scaling problems and high gas charges have cost the market share of the Ethereum network. Especially in the DeFi sector, other blockchains have been able to catch up and win many innovative projects. Nevertheless, the balance of power is clearly distributed in the NFT space. First comes Ethereum and then nothing for a long time. However, the second largest blockchain for non-fungible tokens is already Solana.

Magic Eden, Solanart and Co .: Solana is dependent on the NFT boom

There are several NFT marketplaces on the Solana network where non-fungible tokens of different types are available. The largest Solana marketplace for NFTs is Magic Eden. There have been nearly 20,000 traders here over the last seven days, generating about $ 6.11 million in trading volume. Solanart follows directly in second place. The average price of NFTs is almost twice as high here. But when it comes to the number of traders and trading volume, Magic Eden must be a priority. The Solana ecosystem is increasingly dependent on non-fungible tokens. This is also revealed by a look at Solana’s official Twitter account, where most tweets are related to non-fungible tokens.

NFT market flourishes: This new NFT marketplace wants to be number 1! (1)

The NFT marketplace OpenSea is currently number 1. With the integration of Solana, this should not change in the next few weeks. Nevertheless, a new NFT platform with great ambitions was recently launched. The new NFT marketplace is great for creating, buying and selling non-fungible tokens. In the medium term, one wants to become the best, most accessible and also the safest marketplace. Binance Smart Chain and Polygon are already integrated as a multi-blockchain marketplace – additional networks follow. NFT LaunchPad’s long-term goal is to become the market leader among NFT trading venues.

Buy non-fungible tokens on NFT LaunchPad!

Just a few weeks after the launch of the NFT LaunchPad, several non-fungible tokens from various collections are available here. Following the launch of the promising Lucky Block NFTs – Lucky Block Coin of the same name is, after all, the fastest growing cryptocurrency in history – there are now The Walrus NFTs. These are historical figures designed like a walrus. For example, Walrus Putin or Walrus Queen Elizabeth 1 can be purchased.

Currently, purchase with the Metamask wallet is possible. However, other wallets will soon be compatible with the NFT LaunchPad platform to purchase non-fungible tokens even easier and faster.

Daniel Robrecht

After studying law and management, I decided to work as a freelancer. For many years, my focus in copywriting has been on the topics of investment, capital markets and business. In my private life, there is not a day without the stock market, stocks and the like.

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