1Aggregated data sourced from Etherscan, Bscscan, Solscan, Nearscan, Coincarp and is accurate as of May 2023. 2Aggregated data sourced from Covalent, Dune.com, Etherscan, Bscscan, Solscan ...

Sweat Economy to usher 140M users to Web3; launches in USA

Sweat Economy's expansion reinforces its vision to onboard the next billion people into a healthier and wealthier community LONDON, Oct. 17, 2023 /PRNewswire/ -- Sweat Economy, the Web3 ecosystem ...

Sweat Economy to Usher 140M Users to Web3; Launches in USA

Sweat Economy's expansion reinforces its vision to onboard the next billion people into a healthier and wealthier community Sweat Economy revolutionizes movement using a unique passive reward system. By leveraging the Sweatcoin application in tandem, users ...

1 Aggregated data sourced from Etherscan, Bscscan, Solscan, Nearscan, Coincarp and is accurate as of May 2023.

May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now The FTX bankruptcy estate has apparently staked millions of ...

FTX Bankruptcy Estate Stakes $150M SOL and ETH as Sam Bankman-Fried's Trial Continues

Solana blockchain transaction showing SOL staked to Figment by FTX wallet address. (SolScan) Staking refers to locking up crypto holdings on a blockchain to help maintain the network in turn of ...

FTX bankruptcy estate stakes $150M SOL and ETH as Sam Bankman-Fried's trial continues

Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain data suggests.

Accountants, bookkeepers and auditors often use block explorers like Solscan to track on-chain transactions. This results in a huge number of missing transactions including internal transfers and ...

Streamline your Solana financial reporting with Cryptio’s accounting solution & audit-ready data

According to Solscan, one of the best Solana explorers, regular Solana transaction fees range between $0.0001 and $0.0003. As of October 4th, the base fee paid for a single non-vote transaction on Solana amounted to $0.000203, or 0.0000086 SOL. However ...

How Much Is Solana Gas Fee?

Solscan

solscan

Meme coins, once a quirky corner of the cryptocurrency world, have surged into mainstream attention, attracting a diverse array of investors and traders. This surge has been notably influenced by recent political events and endorsements from high-profile figures. Following Donald Trump's election victory on November 5, 2024, crypto market and, particurally, Dogecoin  experienced a significant price increase, more than doubling from less than 16 cents to nearly 38 cents within days. This rise was further amplified by Elon Musk's appointment to lead the Department of Government Efficiency, a role colloquially referred to as 'DOGE,' which led to an 800% surge in Dogecoin's value. Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR The Allure and Risks of Meme Coins What makes meme coins so appealing is their accessibility. Their low prices and ease of entry attract a wide range of investors, from first-timers to seasoned traders. Many meme coins are driven by passionate communities, leveraging viral social media campaigns to fuel their momentum. Additionally, the potential for astronomical gains cannot be ignored, as some tokens have turned modest investments into life-changing returns. However, the flip side of this appeal lies in the inherent risks. Meme coins are notoriously volatile, with prices often skyrocketing and crashing within hours. Many of these tokens lack intrinsic value or practical use, making them purely speculative assets. Compounding these issues are the scams and rug pulls that plague the market, where unscrupulous developers manipulate tokens for personal gain, leaving investors in financial ruin. Concerns about concentrated holdings also exist for some major tokens. The top 10 wallets on Neiro, a $1.1 billion (market cap) meme coin on Solana, hold 70.82% of its outstanding tokens. Navigating the Meme Coin Market Safely One of the most critical steps in avoiding scams is researching token distribution. When a small number of wallets hold a significant portion of a token’s supply, the risk of a rug pull is alarmingly high. Developers or insiders with large holdings can dump their tokens on the market, causing prices to plummet. Platforms like Etherscan and Solscan can help you analyze token distribution to assess this risk. Another key consideration is avoiding hype-driven influencers. The meme coin market is rife with personalities who promote tokens for personal gain, only to sell their holdings once the price rises, leaving their followers with losses. Instead of relying on influencer endorsements, look for tokens with genuine community support and transparent discussions about their development. Smart contract integrity is another vital area to examine. Tokens with features like unlimited minting capabilities or functions that allow developers to lock holders out of selling can put your investment at risk. Using tools like Rugcheck, GoPlus, or CertiK, you can audit a token’s smart contract to ensure it is secure and that developers have renounced control over its functions. In a market as unpredictable as meme coins, it’s prudent to start with small investments you can afford to lose. Testing the waters with a modest amount allows you to gauge the market’s behavior without risking significant losses. Additionally, monitoring the token’s community activity can provide valuable insights. Legitimate projects often have vibrant, active communities with open communication and regular updates from developers. Conversely, a community focused solely on price speculation or where developers remain silent may signal underlying issues. Finally, leveraging risk assessment tools such as Webacy or TokenSniffer can help you identify scams and assess the safety of a token. These platforms analyze factors like holder concentration and smart contract vulnerabilities, providing a clearer picture of the token’s legitimacy. Summing up the basic rules: Do Your Own Research (DYOR): Never rely solely on influencers or marketing campaigns.
Audit the Contract: Ensure transparency and security of the token's smart contract.
Be Skeptical: If something feels too good to be true, it probably is. The Path to Responsible Investing Meme coins represent a unique and exciting opportunity within the cryptocurrency space. Their rapid rise and community-driven nature can be incredibly rewarding for those who approach them strategically. However, the risks of scams and market manipulation cannot be overstated. By conducting thorough research, relying on credible tools, and staying vigilant for warning signs, you can take advantage of meme coin opportunities without falling victim to their pitfalls. With the right approach, you can navigate this unpredictable market safely and responsibly, turning potential risks into rewards over their extreme volatility. Meme coins, once a quirky corner of the cryptocurrency world, have surged into mainstream attention, attracting a diverse array of investors and traders. This surge has been notably influenced by recent political events and endorsements from high-profile figures. Following Donald Trump's election victory on November 5, 2024, crypto market and, particurally, Dogecoin  experienced a significant price increase, more than doubling from less than 16 cents to nearly 38 cents within days. This rise was further amplified by Elon Musk's appointment to lead the Department of Government Efficiency, a role colloquially referred to as 'DOGE,' which led to an 800% surge in Dogecoin's value. Trump's Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR The Allure and Risks of Meme Coins What makes meme coins so appealing is their accessibility. Their low prices and ease of entry attract a wide range of investors, from first-timers to seasoned traders. Many meme coins are driven by passionate communities, leveraging viral social media campaigns to fuel their momentum. Additionally, the potential for astronomical gains cannot be ignored, as some tokens have turned modest investments into life-changing returns. However, the flip side of this appeal lies in the inherent risks. Meme coins are notoriously volatile, with prices often skyrocketing and crashing within hours. Many of these tokens lack intrinsic value or practical use, making them purely speculative assets. Compounding these issues are the scams and rug pulls that plague the market, where unscrupulous developers manipulate tokens for personal gain, leaving investors in financial ruin. Concerns about concentrated holdings also exist for some major tokens. The top 10 wallets on Neiro, a $1.1 billion (market cap) meme coin on Solana, hold 70.82% of its outstanding tokens. Concerns Navigating the Meme Coin Market Safely One of the most critical steps in avoiding scams is researching token distribution. When a small number of wallets hold a significant portion of a token’s supply, the risk of a rug pull is alarmingly high. Developers or insiders with large holdings can dump their tokens on the market, causing prices to plummet. Platforms like Etherscan and Solscan can help you analyze token distribution to assess this risk. Another key consideration is avoiding hype-driven influencers. The meme coin market is rife with personalities who promote tokens for personal gain, only to sell their holdings once the price rises, leaving their followers with losses. Instead of relying on influencer endorsements, look for tokens with genuine community support and transparent discussions about their development. Smart contract integrity is another vital area to examine. Tokens with features like unlimited minting capabilities or functions that allow developers to lock holders out of selling can put your investment at risk. Using tools like Rugcheck, GoPlus, or CertiK, you can audit a token’s smart contract to ensure it is secure and that developers have renounced control over its functions. In a market as unpredictable as meme coins, it’s prudent to start with small investments you can afford to lose. Testing the waters with a modest amount allows you to gauge the market’s behavior without risking significant losses. Additionally, monitoring the token’s community activity can provide valuable insights. Legitimate projects often have vibrant, active communities with open communication and regular updates from developers. Conversely, a community focused solely on price speculation or where developers remain silent may signal underlying issues. Finally, leveraging risk assessment tools such as Webacy or TokenSniffer can help you identify scams and assess the safety of a token. These platforms analyze factors like holder concentration and smart contract vulnerabilities, providing a clearer picture of the token’s legitimacy. Summing up the basic rules: Do Your Own Research (DYOR): Never rely solely on influencers or marketing campaigns. Audit the Contract: Ensure transparency and security of the token's smart contract. Be Skeptical: If something feels too good to be true, it probably is. Do Your Own Research (DYOR) : Never rely solely on influencers or marketing campaigns. Do Your Own Research (DYOR) Audit the Contract : Ensure transparency and security of the token's smart contract. Audit the Contract Be Skeptical : If something feels too good to be true, it probably is. Be Skeptical The Path to Responsible Investing Meme coins represent a unique and exciting opportunity within the cryptocurrency space. Their rapid rise and community-driven nature can be incredibly rewarding for those who approach them strategically. However, the risks of scams and market manipulation cannot be overstated. By conducting thorough research, relying on credible tools, and staying vigilant for warning signs, you can take advantage of meme coin opportunities without falling victim to their pitfalls. With the right approach, you can navigate this unpredictable market safely and responsibly, turning potential risks into rewards over their extreme volatility.

Interest in DOGE Has Sky Rocketed, But Is It the Right Time For You to Invest?

The Biggest Celebrity Scam on Solana Yet

In the cluttered cyber world of copycats & vaporware, Solana { } stands out from the crowd with its unique design & value proposition. SOL (sometimes jokingly called solami by the degen chads on ) CT *Disclaimer* → I hold in my portfolio & believe in the future of the project. $SOL → This is not an endorsement to buy the coin or use the network. (Do you) → Solana is home to a prolific NFT community… however, there will be of NFTs in this post because, at this time, there are too many failures, frauds, rugs & scams. *one exception being Sol domain names*. no mention → This is strictly a general overview of the network. Not about degens or monke pictures… ok, just a tiny bit about degening. 📜 A Bit of Background Conceptualized in 2017 by ex-Qualcomm engineer & birthed in march of 2020, Solana is a turning complete, smart contract platform & distributed ledger network that was created with the intention of displacing the legacy exchange infrastructure(not killing Ethereum). Anatoliy Yakoveno The Solana network was & continues to be one of the most exciting innovations in the space due to its dedication to the technological elements of its design. heavy 👨‍💻 The Technical Specs 👨‍💻 Monolithic Architecture ➡ Monolithic software architecture in blockchain means that all major operational activity; transaction execution, data storage/availability, and consensus, are condensed into a single endpoint; the chain itself. This design brings its own set of tradeoffs including better prospective value propositions for the native asset due to strong utility ties between the token<->network (NFA) while hindering its potential to be flexible. {Great resource on blockchain software architecture here} Example of another crypto with Monothlic architecture: Bitcoin (BTC). POH (Proof-Of-History) ➡ Proof-Of-History is a novel tweak to the POS consensus model through the implementation of as a module. Technically, Proof of History happens before state consensus is reached by allowing block producers the ability to submit blocks & organize/confirm them later. This is made possible by a combination of two things: time & 1) the application of pBFT + VDF (verifiable delay functions) the ( ). That helps in eliminating the issue of scalability and transaction ordering. Clustering of consensus nodes rather than 1 node doing all the work, on Solana, there are clusters of 25 nodes that are batching tx’s for consensus at any given time Asynchronicity in block production & contract execution ➡ Basically, the ability to operate at max capacity without bloating/interrupting the network. (outages mentioned in the next section) Partially made possible through node clustering & partially made possible through a parallel processing technique called . Sealeveling The technical aspect of this are far beyond the scope of this article, but if you want to dive deeper on it, make sure to check out this post Written in RUST programming language ➡ While not easy to learn for beginner developers, RUST is considered to be among the strongest of programming languages. At a very basic level, RUST is a low-level language that talks directly to hardware with an intense focus on memory allocation. Here is a great piece to understand the benefits of RUST as a language. * Multi-Client Architecture ( ) ➡ in development Within the context of blockchain, a is the software that must be utilized in order to connect a piece of hardware to the network. client A delicate nuance in distributed system design that is rarely (if ever) brought to the public’s consciousness, is that software clients are an important touchpoint for the security & decentralization of a network. If a network only has 1 software client, and if for any reason that client has a bug, then the whole network is at risk. The more clients, the more resilient the network becomes. Extremely Fast ➡ The block time is 400 milliseconds; that is approximately 30–32.5x faster than Ethereum(ETH) & 1,500x faster than Bitcoin (BTC). Huge & growing developer ecosystem ➡ Over 2,000 monthly active developers puts Solana as the 2nd most active network by developer activity; ahead of Polkadot & only behind Ethereum. High Throughput ➡ The network averages ~5,000 TPS on a day-to-day basis & has the capacity to scale, in theory, indefinitely. The network is only constrained by the amount & type of hardware used by the nodes. As hardware improves, the network becomes more efficient; as more nodes join, the network becomes more efficient. So then LFGrow. ⚠ 💨⚠ 💨 Headwinds ➡ Is a VC chain. Supported heavily by deep-pocketed venture capital firms. This is not necessarily a bad thing, but it does reduce the network's credibility in terms of decentralization. Was endorsed by (SBF) & FTX; ➡ As basically everybody in the world knows, Sam-Bankman Fried was the single biggest supporter of the Solana network. Actually recorded saying “ ” as well as injecting hundreds of millions of dollars into the project, the once heroic supporter has now become the sh*tstain across the windshield of Solana’s life. Sell me all of your Solana & then Fuck off Suffers from Outages ➡ The single biggest hurdle that keeps on messing with the project. This is not a small issue; if outages happen while people have money on the network, real-life problems occur. As of this writing, the network has faced roughly 10 full outages & countless partial outages. If you want to explore all of them, here is a great uptime resource. Community is… interesting. ➡ I love SOL. I love the developers. I love the project. I Even love Solana ! But I cannot for the life of me figure out how it keeps attracting low-IQ people to its user base. At first, I thought it was just wrought with bots… but then I found out… CT Dear reader, I SWEAR to you, I personally know real SOL users that pronounce SolanA as SolanO. I asked them why… they don't know… 🤦‍♂️ I digress. 🧰Ecosystem Resources: Since the turbulence of the recent market activity, many tools in the Solana ecosystem are sunsetting (r.i.p. Serum) while others are just dying off due to a lack of interest. Nevertheless, there still remain a handful of applications that have only strengthened their positions over this time. Below, I have tried my best to organize as many “valid” tools as possible: Wallets Phantom - https://phantom.app/ Solflare - https://solflare.com/ DEXes Raydium - https://raydium.io/ Orca - https://www.orca.so/ Saber - https://app.saber.so/ Lifinity - https://lifinity.io/ Atrix - https://atrix.finance/ Soldex - https://soldex.ai/ Saros - https://saros.finance/ Aldrin - https://aldrin.com/ DexLab - https://www.dexlab.space/ Crema - https://www.crema.finance/ Lending/Borrowing & Stablecoin Minting Larix - https://projectlarix.com/ Solend - https://solend.fi/ Apricot - https://apricot.one/ Port - https://port.finance/ Jet - https://www.jetprotocol.io/ PsyFI - https://www.psyfi.io/ Hubble - https://hubbleprotocol.io/ Ratio - https://ratio.finance/ Parrot - https://parrot.fi/mint/ Meteroa - https://www.meteora.ag/ Liquid Staking Marinade - https://marinade.finance/ Socean - https://www.socean.fi/en/ Yield Aggregators Tulip - https://tulip.garden/#home Cropper - https://cropper.finance/ Katana - https://katana.so/ Kamino - https://app.kamino.finance/ Sunny - https://app.sunny.ag/ Francium - https://francium.io/ Explorers & Analtyics Solana Explorer - https://explorer.solana.com/ Solana FM - https://solana.fm/ SolScan - https://solscan.io/ Solana Beach - https://solanabeach.io/ ChainCrunch - https://chaincrunch.cc/ Synthetic Assets Synthetify - https://synthetify.io/ Dashboard & Portfolio Sonar Watch - https://sonar.watch/ Sols Watch - https://sols.watch/portfolio Step Finance - https://www.step.finance/ Ape Bored - https://apeboard.finance/dashboard Domain Names Bonfida — https://naming.bonfida.org/ MISC. → Fantastic report by Messari on the S . tate of Solana in Q4 2022 → Great Interview with the Founder on the Future of Solana beyond 2023 I will end this all with a timeless quote ; (←POH pun intended) “Innovation distinguishes between a leader and a follower.” — Steve Jobs May your bags always be full & overflowing 🥂 Also published here

Everything You Need to Know About Solana: An Essential Guide

Are you tired of Ethereum’s slow network and huge gas fees? It’s time you dumped it for the Solana train before it’s too late! But first, you need a solid Solana marketplace to trade your NFTS. And that’s what this article is all about. Nonetheless, before we start, let’s describe Solana briefly. What is Solana? Solana is a fast and open decentralized blockchain for developing scalable and responsive applications. The blockchain trades in SOL and has a market cap of over 28 billion dollars. Ultimately, it’s energy-efficient and handles up to 50,000 concurrent transactions in a second with a cost as low as $0.00025 per transaction. This is faster and cheaper than the Ethereum blockchain, which handles 30 transactions per second with a transaction cost of $5.57 (0.0022ETH) at the time of writing. Why Should You Invest in Solana NFTs? NFTs, as you may already know, are digital cryptogenic assets, ranging from arts and music to video games and more that you can sell online. To give you a recap, a digital artist, Beeple, sold his NFT for $69 million in 2021. Yeah. That’s how much an NFT can be worth. And talking of Solana, we’ve seen NFT projects like the sell for as high as 25,000 SOL with a total transaction volume of 869.7 thousand at a floor price of 170 SOL. The is another notable one, which has sold for up to 6969 SOL and peaking to over 270 thousand transactions at a floor price of 99 SOL. Also, , a play-to-earn NFT game with a floor price of 26.3 SOL, has peaked sales up to 111,000 SOL and has a trading volume of 555 thousand. Overall, Solana NFT has a solid prospect. Solana Monkey Business Degenerate Ape Academy Aurory Why Do You Need an NFT Marketplace? NFT marketplaces are online e-commerce stores where sellers, artists, and creators list their NFTs for sale at a specific cryptocurrency price for collectors (buyers) to patronize. There are many Solana marketplaces out there. Some are excellently reliable, while some have subpar credibility. Of course, the potential returns on an NFT depend on the platform you sell it and what crypto it sells in. Undoubtedly, Solana is one of the best cryptogenic currencies for NFTs considering its recent growth surge. But here’s the thing: making great NFTs in exchange for some cool SOL is good. But finding the best Solana marketplaces for them is even better. You don’t want to invest all the effort and time in your NFTs — -only to put them for sale on marketplaces with low credibility. Note: You need a Solana wallet to start listing NFTs on marketplaces. What is a Crypto Wallet? A crypto wallet is a hardware or online software (an app) that lets you buy, sell, receive, and store cryptocurrencies such as Solana, Bitcoin, Ethereum, and more. Examples of Solana NFT wallets include , , , , , , and more. Phantom Solflare Clover Math Wallet Ledger Slope To trade on a Solana NFT marketplace, you need to link it to your online wallet so it can charge you directly from there. After connecting your wallet to a Solana NFT marketplace, you can view your listed NFTs, mints, and collections in that wallet. You can also link a wallet to more than one marketplace if you like. Now let’s dive into the best Solana NFT marketplaces you should look into right now! 1. Solanart Website: https://solanart.io/ Solanart is still the most popular Solana marketplace online, receiving thousands of monthly visitors. It has recorded sales in thousands of digital arts. So it has solid credibility. However, it lists top projects like the Solana Monkey Business, Aurory, Degenerate Ape Academy, and more. Solanart charges a 3 percent marketplace fee on the selling price of every NFT. That means you need to have enough balance in your wallet to get started. It also features various collections and includes their avatars, current volumes, titles, and descriptions. There’s also a stats directory with beautiful line visualization to view the sales history and market value of each NFT. This, coupled with a section on the homepage that shows upcoming NFT projects on Solanart, can help you decide on the project worth submitting on the platform. And for a reduced gas fee, you might want to stake some Bold Bargers Squad. Also, connecting your Solana crypto wallet to the platform is a breeze. And when you do so, you can start seeing NFTs available for you to list and start selling. However, minting your NFT and listing it on Solanart requires that you fill a few fields on Google Forms. Supported wallets include Clover, Phantom, Solflare, Ledger, Math Wallet, Sollet, and Slope. Twitter: https://twitter.com/solanartnft Discord: https://discord.com/invite/solanart 2. Digitaleyes Website: https://digitaleyes.market/ Digitaleyes is an open marketplace for selling your Solana NFTs. On the platform, you’ll find top collections including, but not limited to, the Solarians, Famous Fox Federation, and Crypto Idols. Since it’s an open platform, you can start uploading your mint immediately. Your collection still goes through a process of pre-approval, though. But that’s not hectic. Notably, you can use its mint calendar to view scheduled NFT collections and anticipate their release. Digitaleyes doesn’t charge you for listing. However, it collects a 2.5 percent service fee on every NFT sale. And at the time of writing, it offers a whopping discount of 60.4 percent of that service fee. Overall, the charging pattern on Digitaleyes is ideal for beginners. Connecting a crypto wallet only requires a few clicks. However, supported wallets include Solong, Slope, Sollet, Clover, Math Wallet, Solflare, and Phantom. And with the introduction of the Digitaleyes Launchpad, it’s now easier to connect your Solana wallet to a newly minted NFT. Additionally, the Launchpad lets you see the mint progress of various NFTs so you can connect to them in one click once verified. And if you upload or list your NFT for sale, you can view it in your crypto wallet or on the listings on the open marketplace. Although Digitaleyes isn’t as popular, it’s a great place to start with NFTs. Plus, it features verified collections. So you can be sure you’re in for the real deal. Twitter: https://twitter.com/DigitalEyesNFT Discord: https://discord.com/invite/aWrxsRyhFQ 3. Solsea Website: https://solsea.io/ Solsea is also an open but strict marketplace, featuring collections like the Degenerate Ape Academy, Galactic Gecko, Skeleton Screw Skull, and more. Moreover, one of its unique features is it lets you add copyright licenses to your NFTs. Do you also want to hold your NFTs and make passive income without selling? You can use the stake option on the platform. Also, in addition to SOL, Solsea accepts USDT and USDC as exchange options. You can create collections and add mints to them on this platform. There’s also a section for checking stats and viewing upcoming NFT collections. However, you have to submit proof of authorship for collections and new mints and await approval before you can list them on the marketplace. While people can buy unverified NFTs minted on Solsea, it restricts sales for those minted elsewhere. Minting and listing on this platform are a bit costly, though, as it charges for listing and delisting based on the cost of gas on Solana. You can connect wallets hosted on Sollet, Torus, Phantom, Slope, Coin98, Solflare, and Ledger. And the minting fee varies, depending on the upload size of your NFT. Quite a couple of investors hang around on Solsea. So it does have some popularity. Twitter: https://twitter.com/SolSeaNFT Discord: https://discord.gg/DXYtfjyAPE 4. Metaplex Website: https://www.metaplex.com/ Metaplex delves a little away from the norm by being an open-source code of an NFT ecosystem. It features tools for building marketplaces, selling collectibles and mints, and relating directly with your audience. Ultimately, Metaplex eliminates the influence of third-party platforms by giving you a set of tools based on Solana to build your storefront and customize it as you like. However, you can imagine a storefront as your online store where people can visit, contact you, and patronize your NFTs. Although building a marketplace is cheap on Metaplex, setting up might be technical, as it requires a bit of development background. Nevertheless, you might want to try it out if you don’t mind wrapping your mind around some configurations here and there. Discord: https://discord.gg/metaplex Twitter: https://twitter.com/metaplex Github: https://github.com/metaplex-foundation/metaplex 5. Magic Eden Website: https://magiceden.io/ Are you interested in Solana NFT games like the Galactic Fight League, MonkeyBall, Desolate Metaverse, and more, in addition to avant-garde art collections? Magic Eden is your best bet. It’s next in popularity to Solanart, with a couple of thousands of monthly traffic. It offers support for various Solana wallets, including Phantom, Solflare, Slope, Ledger, Sollet, Clover, Solong, and Math Wallet. In addition to collecting NFTs instantly and listing them, you can see live and upcoming NFT auctions and bid for them on Magic Eden. Plus, you can view upcoming projects and popular collections on the platform’s homepage. However, to get started, you’ll submit your collection to the Magic Eden team for approval, which takes between one and two days. There’s also a Stats section on the side to view trends in supply volume and price for each NFT collection listed on the marketplace. The platform doesn’t charge you for listing. But it takes 2 percent on every NFT transaction. It also features a Launchpad to help creators mint their collections without technicalities. Discord: https://discord.com/invite/b87UnCy6P2 Twitter: https://twitter.com/MagicEden_NFT Wrapping Up: Be Original With Your NFTs Like any product, no matter how catchy your NFTs are, they don’t add value until you put them out there for the right audience and collectors to see. As mentioned earlier, listing your NFTs on a marketplace allows collectors to bid and buy them. And while getting a good marketplace increases profit potential, your originality is essential for success. With that said, you need to pay attention to the frequently evolving nature of NFTs, as this also affects how these platforms update their operational terms. Do you also want to expand your view into hot and upcoming Solana NFT projects other than the ones on a specific marketplace? You might want to hop into now to stay ahead of the chain. Moonly This is story also published on Moonly’s Blog

Top 5 Solana NFT Marketplaces in 2022

In the past few years, the crypto marketplace has shown its precise efficiency and potential to the world, from being concealed, underrated digital currency to shaping a new economy of today’s digital era. In the crypto domain, many marketplaces came and gained value, which took them decades, but NFTs have secured the prime position in just a few months. From the beginning, an NFT platform has gained crypto investors’ interest and made them desperate to own exclusive NFTs. You must be thinking, what exactly is NFT proposing to its investors? The NFT has proposed a way for its investors, who are artists and other professionals, to present their work in the form of . It indeed has driven a certain diversion in the digital currency (crypto) era by making people work on mining/minting their own NFTs. NFTs NFT minting is a process of making digital arts a part of the Ethereum blockchain, which is highly secured, or in other words, tamper-proof. Minting NFTs is like minting metal coins and circulating them into the marketplace. Its stats are growing along with the dependencies of the NFT marketplaces. New NFT marketplaces are emerging quickly, but among them, choosing the right one is essential rather than just selling your art pieces. For this, you need to select a suitable platform meeting your NFT art by considering the marketplace representing the fee and type of blockchain it uses. Without wasting more time, let’s dive into the best NFT marketplaces to choose for your NFT art representation. Top NFT Marketplaces: OpenSea: Art, Photography, Music, Sport, etc. NFT Type: Ethereum, Polygon, Klatyn Blockchain: Why Should You Prefer OpenSea NFT Marketplace? Provides almost all types of NFTs to buy and sell Accepts 150+ cryptocurrencies Uses highly secured blockchains OpenSea is a very old and the most trusted NFT marketplace. You can also think of it as an Amazon marketplace but with NFTs. It is very handy when it comes to creating an OpenSea NFT account, starting NFT minting, setting, and browsing other NFTs. OpenSea makes it easier to gain market capitalization in a commendable way, like making it its own market. A recent survey shows that OpenSea has become a marketplace of $13 billion net worth. According to the experts, OpenSea can create great insights and bids for the minted NFTs. Rarible: Art, Photography, Games NFT Type: Ethereum, Flow, Tezos Blockchain: Why Should You Prefer NFT Marketplace? Three options in blockchain Owned by a community Low carbon and gas fees Rarible is another widely used NFT marketplace due to its adaptive features for minting an asset and user-friendly interface. It offers royalty features to its NFT creators. According to a recent survey, the Rarible marketplace is worth $14 million. It uses its specialized token RARI and allows users to get votes on platform upgrades and become an essential part of platform modernization. Its supported blockchain type Ethereum is indeed carbon footprint-free but costly, whereas Tezon offers low fees around $0.50 but is more focused on artistic collections. Among the blockchain types, Flow offers the lowest fees (near to zero) for the minting process, which is also known as ‘Lazy Minting’. Flow is also known as proof of stake blockchain, offering minimum/lower carbon footprints as compared to Ethereum. Rarible provides a considerable secure marketplace for arts, creating new NFTs, which also includes Adobe. Foundation: Fine art, digital art, 3D art, and photography NFT Type: Ethereum Blockchain: Why Should You Prefer Foundation NFT Marketplace? Artists-centered NFT marketplace Well-curated and exclusive NFTs Offers high-quality NFT art pieces You can also refer to Foundation NFT Marketplace as a club of artists where you can find high-quality and exclusive art pieces curated by a selected community of artists. In one year of the journey, the Foundation community has gained a capital of $163,263.94. As it is an exclusive marketplace, to be a part of this, the artist must get an invitation from its community artist, where each member only gets one invite to use. In the process to sell NFT arts, artists get 85% of the share, where 10% of the share is distributed in the secondary sales. If your requirement is to get authentic NFTs and art pieces, then Foundation is the best creative NFT marketplace to get exclusive deals and arts. Nifty gateway: Digital Art, Authentic-curated drops NFT Type: Ethereum, Gemini Blockchain: Why Should You Prefer Nifty Gateway? Buy arts with fiat currency Uses limited Open Editions Nifty Gateway is an elite NFT marketplace, highly focused on Minting NFTs than listing. Recently, Nifty has become a marketplace selling the expensive NFT bundle worth around $91.8 million, created by Pak. It shows that minting NFTs in this marketplace is a path to get the limelight in the crypto marketplace with articles and more chances to get high trades quickly. Axie Infinity Market Games NFT Type: Ethereum Blockchain: Why Should You Prefer Axie Infinity Market? Focused on gaming technology Efficient NFT marketplace Axie Infinity is a gaming asset-exclusive NFT marketplace, where gaming platforms are minted as assets. It is one of the expensive NFT marketplaces under gaming NFT type and popular among crypto ménage people. It gets market capitalization in billions every year. NBA Top Shots Sport NFT Type: Flow Blockchain: Why Should You Prefer NBA Top Shots? Sports-centered Lower carbon footprints and platform fees Highly secured NBA Top Shots is the best sport-centered NFT marketplace, getting the finest values for sport-based NFTs, specifically Basketball. It uses a unique set of drops, which does not allow to mint creative NFTs but lets investors buy and sell sport-based NFTs. Its assets get the finest values, leading the platform to magnificent growth. At present, its market worth is around $.1.9 billion. Decentraland Estates, Avatar wearables, and names NFT Type: Ethereum Blockchain: Why Should You Prefer Decentraland NFT Marketplaces? Stocks the best kind of digital goods Offers high-profit ratio Tamper-proof Decentraland has brought the revolution in the digital currency trading platform. This platform creates a huge difference in the NFT marketplace, allowing users to build a huge virtual community as the technical wrap. Minting NFTs in Decentraland offers a futurist way to enter into the crypto era, offering META worlds, which is a new concept but gaining attention and popularity very quickly. SuperRare Digital art NFT Type: Ethereum Blockchain: Why Should You Prefer SuperRare NFT Marketplace? Offers well-curated and rare art pieces Fine gallery mode Impressive editorial blog window When it comes to getting an art gallery-like mood, SuperRare NFT marketplaces come first in the mind of crypto investors. It is known as the art-first marketplace that offers authentic, credible, and curated-artistic pieces to the users, which is beyond meme-friendly-to-the-moon art. The recent survey shows that it has reached the market revenue of $2 Million with NFT sales. For creators/artists, the SuperRare NFT marketplace is the best platform to get a better value for their art. Binance NFT NFTs, Crypto NFT Type: Binance Smart Chain (BSC) and Ethereum Blockchain: Why Should You Prefer Binance NFT Marketplace? Low marketplace feed (1% only) Large and highly secured community Accepts Fiat currency Binance NFT is a leading NFT & crypto exchange marketplace, backed by its own blockchain called Binance Smart Chain (BSC) and Ethereum. Many crypto enthusiasts consider this marketplace as future-proof due to its popularity and security reasons, as well as exclusive partnership deals and events. It becomes easy to access and bid on the Binance NFT marketplace with Binance Tokens (BNB), ETH, and BUSD. BakerySwap: Games, Artworks, Collectables, Pets NFT Type: Binance Smart Chain (BSC) Blockchain: Why Should You Prefer BakerySwap NFT Marketplace? Minimum wages on NFT trades (0.30%) Marketplace fee 0.01 BNB for NFT minting Collaborated with Binance NFT marketplace having bright future BakerySwap is the first decentralized crypto currency marketplace, having a bright future, which contains $195 million+ of net market worth. It has its own NFT marketplace, allowing users to mint their own unique NFTs and sell them at a better value. Thus, many crypto enthusiasts consider BakeySwap as the best and most reliable NFT marketplace for NFT minting. Async Art: Programmable Art NFT Type: Ethereum Blockchain: Why Should You Prefer Async Art NFT Marketplace? Elegant digital art Supports a wide community of creators and owners Offers Blueprints of arts Async Art NFT marketplace was founded in February 2020, which mainly focuses on non-fungible artworks. Here, each curated artwork is made with Masters and Layers, where Masters are purely NFTs, and Layers make the alterable art. The layered structure allows investors to purchase a particular layer of the art, which means different layers of the same art piece can be owned by multiple users, who can also contribute to changing the artwork. Because of this type of ownership, this marketplace says, “here, everything is ‘Tokenized’”. The Blueprints feature of this marketplace enables artists to opt for generative projects in the vein of the Bored Apes. MakersPlace: Fine Arts, Commercial Arts NFT Type: Ethereum Blockchain: Why Should You Prefer MakersPlace? Buy artworks made by renowned artists Impressive collection of art Exclusive & Rare NFTs MakersPlace offers an authentic and rare collection of artworks and NFTs created by established artists and creators. It allows users to bid for exclusive NFTs from the likes of Damien Hirst, Robert Liefeld, and Christie’s auction house. It enables artists to digitally sign their artwork backed by blockchain, which then numbers authentic editions for creating scarcity. It means that even if someone downloads a copy of it, the copy cannot gain the authenticity of the art piece as it doesn’t contain the digital signature of the artist. KnownOrigin: Art & Photography NFT Type: Ethereum, Mint, and more. Blockchain: Why Should You Prefer KnownOrigin NFT Marketplace? Exclusively curated NFTs User-friendly marketplace KnownOrigin is the oldest NFT marketplace, offering rare and collectible NFT artworks. Its NFT drop feature enables artists to control the art piece releases, for example, Seth Tillett’s Jean Michel Basquiat photo collection. The number control creates the scarcity of the artwork and boosts up prices. As it uses many blockchains, users can choose the one meeting their fee budget and carbon footprint requirements at the time of bidding. It provides support to community messaging and offers advice on NFT drops and sales, which includes keeping secondary sales in a separate marketplace. Zora Art, Music, Animation, Media, Text, Web, and more. NFT Type: Ethereum Blockchain: Why Should You Prefer Zora NFT Marketplace? Artists and creators-centered Authentic sale Supports real-world collections as NFT sales Zora NFT marketplace has begun its journey with an artist-specific platform like Foundation but now has pivoted into the open marketplace for all types of users. It is a user-friendly marketplace allowing to place perpetual bids for all users on all available digital currency. Zora auctioned off RAC’s Boy album in both digital and physical copies. It offers physical items to super-fans; for instance, Jeff Staple, a Nike designer who sells a limited edition of trainers on this marketplace. Solanart : Multi-collections of NFTs, including Crypto Apps NFT Type :  Solana Blockchain Why Should You Prefer Solanart NFT Marketplace? A massive collection of NFT art pieces Considerable marketplace fee Solanart is an NFT marketplace based on the Solana blockchain, which contains a massive collection of NFTs. At present, it has Degenerate Ape Academy, Aurora, SolSand, Alpha Gorillas, Shadowy Super Coder, Goblin Army, Nyan Heroes, and Soul Dogs as its TOP collections. It usually charges a 3% of marketplace fee to the users on the artwork selling price of every auction. Final Words Here listed, all NFT marketplaces offer the best value to your artworks, but in order to get the assumed price at a minimum fee, you’ll have to check the platform specialization, focus, fee structure, efficiency, and community type. blockchain Want to know more about NFTs or have any specific queries related to NFT? Let us know your thoughts in the comment section.

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