Back in June, Solana was able to make headlines after closing a $314 million private token sale round that was led by Andreessen Horowitz and Polychain.
This funding came amidst the fast-growing ecosystem developing on Solana and rising status as one of the leading competitors to Ethereum – this is the most widely used public blockchain.
In the past, the huge demand for Ethereum block space has led to network congestion, and this obviously resulted in very high transaction fees.
This congestion has created various opportunities for Layer 2 solutions, sidechains, and new Layer 1 networks – these are aiming to build scalable dApps beyond Ethereum. Solana is one of these Layer 1 networks.
Check out the top 5 Solana NFT ecosystem coins that you should keep your eyes on.
FROG is a community meme token that is built on the Solana blockchain. This has a great use case of rating and rewarding memes and art creators.
Solarians are the very first generative NFTs that are built on Solana. According to the notes on the official website, Solarian robots are originating from Solaria Prime.
When you purchase your Solarian, it will be assembled from 200 different traits/attributes with varying rarities based on the transaction hash. There will never be more than 10,000 Solarians.
To buy your Solarian now, you should check out the official website.
Only1 is an NFT powered social engagement platform built on Solana.
Back in July, they announced the launch of the Only1 Alpha Creator program. The official notes revealed that the program is open for everyone to be involved in.
The Alpha Creator Program is designed to incentivize people and the whole community, to tell them who they want to see on Only1’s platform.
“Simply refer a creator and you can earn rewards!” – the notes say.
According to the same notes, by using the Only1 platform, “fans will have the ability to invest, access, and earn from the limited edition contents created by the world’s largest influencers/celebrities, all powered by NFTs.”
Another project build in the Solana ecosystem is Solanimals – these are voxel-art NFT built over Metaplex you can buy, trade, and breed.
It’s also worth noting that some attributes are available, and exclusive attributes are obtainable through breeding.
The official website notes that you can “get your Solanimal for 3 SOL and near-zero fees with Solana’s low fees blockchain.”
Another issue worth mentioning is that with a fixed price of 3 SOL, Solanimals are amongst the cheapest NFTs on the Solana blockchain.
Kreechures, aka crypto-collectible non-fungible tokens (NFTs) and they are stored on the Solana (SOL) blockchain.
It’s also important to mention the fact that these are one of a kind and yours to level up, collect, trade, or sell.
Stay tuned for more news from the exciting NFT space.