Solana NFTs and the best, newest projects! (Sol NFT)

Solana Monkey Business and a SOL NFT Overview

Solana Monkey Business is one of the biggest NFTs on the Solana blockchain. The image above shows the Solana NFT that sold for $2 million in Solana.

Solana NFT (or Sol NFT) is a non-fungible token on the Solana Blockchain. Although the volume of Solana’s NFT market remains way behind Ethereum, it has consistently grown to become one of the most popular blockchains to mint NFTs. The total market cap for Sol NFTs surpassed US$ 1 Billion, according to Solanalysis. 

Solana NFTs are known to possess a lot of advantages over its big brother Ethereum NFTs. The Solana network is one of the cheapest and with a faster speed of transaction. Mining a single NFT on the Solana network will cost you approximately 0.012SOL, which is an equivalent of $2.16. This is unlike Ethereum whose transaction fee could go up to $12 per transaction  

Where to Buy Sol NFT

To buy Sol NFTs, you need to register with an exchange that allows the minting of NFTs. Additionally, you need a compatible crypto wallet, which Solana also has. The best wallet for Solana is the Phantom Chrome Extension. This wallet is the most popular and safest wallet on Solana, much like Metamask for Ethereum. Below, find each of the SOL-supported NFT marketplaces. 

Note that each of the Solana-backed NFT marketplaces, including magiceden.io, solanart.io, and digitialeyes.market. Also, ensure that the crypto wallet where you want to store your SOL after purchase is compatible with Sol NFTs. The best type of solana nft wallet is Phantom wallet chrome extension.

Always be sure to use official NFT marketplaces, such as Magic Eden. Exchanging NFTs or selling them directly off exchanges can leave you vulnerable to hacks and scams.

How popular are Solana NFTs? 

Solana’s gas fee is one of the lowest in the industry, and this makes a favorable blockchain for those who want to mint new NFT projects and investors. Solana may not be as popular as Ethereum, but it has great prospects for risk-taking users. The rise in demand for Solana continues to make it popular as it relies on a strong community of partners.

Solana also represents an NFT market that is more afforable to Ethereum, especially with the cheaper gas prices. Many starter NFT projects for new NFT users can be found on the Solana blockchain

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