Solana NFT: Everything You Need To Know About Top Solana Projects and Marketplaces In 2022
Solana NFT market is expanding, and more users are now recognizing its value. After CoinBase wallet added support for SOL and other Solana-based tokens in March 2018, there seemed to be an increase in activity among crypto investors. More of them had started taking an interest in the Solana-based NFT projects.
Recently, the blockchain’s integration with OpenSea also means that it will be joining Ethereum, Polygon, and Klaytn, with more payment options now visible to users. On April 6, the all-time total Solana NFT sales surpassed $1.6B to reach just behind Ethereum and Ronin. The latest 30-days of accumulated data also show Solana racking up $216 million worth of NFT sales.
Solana is fueled by the need to achieve the next milestone by looking for more NFT market integrations. As long as that keeps happening, it's likely that the NFT market will appreciate, and you would be benefiting by investing in a Solana NFT collection. So what are you waiting for? Let’s join the hunt and check for some top Solana NFT projects and marketplaces to invest in for 2022.
What is Solana?
Famous for its inexpensive fees and fast transaction speed and time, Solana is a blockchain platform with SOL as its native cryptocurrency. Launched in 2017, it soon took the title of the most popular competitor for Ethereum.
At the time of Solana’s launch, other blockchains were processing transactions at 15 TPS. During an NFT launch, the blockchain network would get congested, and when users tried to process transactions, they would have to pay exorbitant fees, sometimes even hundreds of dollars. Solana offered a speed of 3000 TPS and was designed to solve the problem of bottleneck and scalability that other blockchains faced.
|Current SOL value||$106.83|
|Total supply||519.58 million|
|Market Cap||$52.57 billion|
|24 H volume||$1.56 billion|
Data of April 2022 about Solana taken from CoinDesk
How does Solana work?
Unlike other blockchain networks, which run on Proof-of-Work mechanisms, Solana runs on Proof-of-Stake and Proof-of-History mechanisms. PoW mechanism requires computers to compete to confirm transactions and add new blocks to the blockchain.
Solving complex puzzles consumes an astronomical amount of power by computers.
On the other hand, Solana doesn’t solve puzzles, so no energy is consumed, and this, in turn, increases its transaction speed without sacrificing decentralization or security.
What is Solana NFT?
Solana NFTs are digital collectibles built on the Solana blockchain, and their sale value is second-only to Ethereum. When it comes to storing Solana NFTs, you can either set up a Phantom wallet or the Brave wallet according to your requirements.
If you want that no one must access your Solana NFT, then Phantom is the best wallet out there. It is non-custodial and user-friendly, and you can easily buy, sell or store the Solana NFTs on the Solana blockchain. Not even the wallet provider will be able to access your private keys.
But if you want an extra layer of security and privacy for your Solana NFT, you can consider adopting Brave wallet.
How to create a Solana NFT?
Before creating a Solana NFT, make sure to connect with the Solana network and set up a Solana wallet and your terminal and command line on your computer. The wallet is required to pay the mint fee for minting the token. Set another wallet to send the NFT to yourself or somewhere else once it is created.
After setting up the computer and wallet, now it's time to take the next step to determine what kind of Solana NFT you want to create. An art NFT, music, poem, or a physical asset.
Your next step will help you decide if you want to create a 1/1 (one-of-one) exclusive NFT or an edition. A1/1 NFT is unique as there is only one of it in the whole world. On the other hand, editions may consist of any number of NFTs.
For big Solana NFT projects, you would need to hire the services of an artist to create images. Also, make sure to have different attributes that can be randomly generated to produce additional layers of rarity.
From there onwards, you can either create your own metadata JSON file or take the assistance of a developer. You can also use a no-code solution to generate the metadata file and mint your NFTs stored on the Solana blockchain.
If you want to create NFTs and launch them independently without taking help from a third party, several tools and smart contracts are available on the Solana website. You can also check this guide here for detailed step-by-step instructions to walk you through creating a Solana NFT.
Top Solana NFT projects of 2022
Undoubtedly, Solana is high-speed and has low gas fees, making it the perfect choice for beginner NFT creators and traders. This is the sole reason why there is always an influx of new Solana NFT projects making their way toward prominent NFT marketplaces. So, if you are thinking about investing in one, don’t wait. Here are some of the top Solana NFT projects of 2022. Check them out.
1. Degenerate Ape Academy
Consisting of 10,000 ape PFPs, the Degenerate Ape Academy is Solana’s first million-dollar project. The Solana NFT collection contains apes with 137 different traits, containing seven main physical features: head, fur/skin, body/clothing, eyewear, background, and mouth.
According to the founders, the Ape Academy was founded on the principles of friendship making, crayon eating, and absolute, unregulated, deplorable, degenerate behavior.
Recently, Rarible protocol has created a custom marketplace for the Solana NFT project, Degenerate Ape Academy.
2. Solana Monkey Business
Solana Monkey Business (SMB) Gen2 is a collection of randomly generated and unique 24x24 pixel monkeys lying on the Solana blockchain. This Solana NFT collection offers exclusive ownership to the SMB holder. The offer also includes other features such as access to the community wallet and MonkeDAO, the first DAO to launch a staking pool on Solana.
This community operates its node on the Solana blockchain and provides on-chain voting. There are 99 possible traits spread over six layers, and each monkey is generated from them.
Aurory is a Solana-based record-breaking play-to-earn game offering 10, 000 Aurorian avatars on the Solanart marketplace. Aurorian is a community in the world of Astra, and their mantra is to keep it safe from the attacks of Eclipsites.
The NFT collection boasts humans mixed with animal creatures having seven attributes and random traits. Aurorian collectibles also offer various perks and benefits to early project supporters.
DeGods is probably the most hyped Solana NFT project trending on Twitter last month. A 10,000 collection of degenerates, punks, Gods of the metaverse, and masters of our universe, 10.0K DeGods are listed on Open Sea, and 181 items on Magic Eden.
33,300,000 $DUST utility tokens are available, which can be used to convert DeGods NFTs into DeadGods. $DUST token will soon be integrated with Solanart, Magic Eden, other metaverse projects, and play-to-earn games. If you are a holder of a $DUST token, you can stake your DeGod or DeadGod NFT for 10 $DUST per day.
Also, holding a DeadGod will earn you three times the amount of $DUST that you could with DeGod NFT.
5. Cets on Creek
Cets on Creek is a dope collection of 6,969 cats stored on the Solana blockchain, chilling and vibing together. It is one of the most prominent animal PFP projects due to its high level of storytelling and successful branding.
Last month in March, this Solana NFT project just broke all sales records when it reached an all-time high price of 30 SOL. You can stake your Cets on Creek NFTs against $CRECK tokens on the project's website. 325 cat NFTs are listed on Magic Eden.
6. Fearless Bulls Club
Fearless Bulls Club is 10,000 Solana NFT collectibles with the artwork representing a fearless girl standing her ground against a charging bull. Inspired by Wall Street’s Fearless Girl statue, the main aim of the collection is to build a fearless bullish community that will stand against a corrupt and centralized system.
Holding Fearless,Bulls NFT will grant you access to an exclusive DAO community where you can earn profits from the Bullish Growth Fund. The fund receives 70% of the proceeds from minting, which the club aims to spend on building the brand and enhancing the project’s business ventures and marketing efforts.
Best marketplaces to buy Solana NFT collection in 2022
Ethereum is the world’s most popular blockchain, with a bevy of famous NFT marketplaces residing there. But as we mentioned before, due to the fast transaction speed, less energy consumption, and service fees, Solana NFT marketplaces are being recognized hugely.
Recently, OpenSea has integrated Solana NFT projects into its platform. Here we have mentioned some of the widely recognized Solana NFT marketplaces. Browse through them to gain better traction.
Solanart is the first fully-fledged NFT marketplace for the Solana blockchain, with many early NFT companies listed on it, such as Degenerate Ape Academy and SolPunks. It is an authentic marketplace offering to connect various creators with sellers. Solanart allows the creators to set their price limits and users to purchase from them or shops on the platform.
Whether you are looking to buy or sell the Solana NFT collection, you must connect your Phantom, Sollet, or Ledger wallet with your PC. The NFTs are stored in a temporary account on Solanart until the SOL amount is transferred to the seller’s account.
Besides the cost of the creator, Solanart charges a 3% commission on the sale of each Solana NFT. A creator’s fee is also included in the sale price. There is also a charge of 0.02% to avoid ads while using the platform. To avoid any difficulties in listing NFTs to the Solanart, make sure to keep sufficient SOL in the wallet to pay off the listing and transaction fees.
It is another open-source Solana NFT marketplace allowing creators to embed copyright licenses in NFTs while minting them directly. Besides SOL token, SolSea is also compatible with other payment methods such as USDT, USDC, or FTX-Pay.
The platforms allow the Solana NFT creators to make their listed for sale NFTs visible publicly or privately. SolSea supports Sollet and Phantom wallets, and creators may give their artwork to the platform to mint NFTs. The NFT marketplace performs computations for rarity ranks, traits, and score statistics for every verified and minted collection.
An All-Art technology protocol that created the SolSea system ensures that the NFTs' value remains unchangeable. The holder will get a discount on the 3% marketplace fee that Solsea charges for every NFT sale if they stake their $AART token available at $0.007137 each.
OpenSea offers a vast range of NFT collectibles and products with the Solana support added currently in Beta on the platform. It differs from other Solana NFT marketplaces by allowing the users to hold listed NFTs in their wallets until they are sold.
OpenSea is the first to offer a cross-blockchain and demands no gas fee from the buyers but a 2.5% commission on each NFT sale which is lower than other Solana NFT marketplaces. A significant milestone is that the marketplace offers 10% royalty to the NFT creators.
Recently in January 2022, the company was also valued at $13.3 billion.
Recently listed Solana NFT collection on Solanart
- The Dogs Club (a collection of 43 dog NFTs).
- Akari Charms (a collection of 444 NFTs that may be staked at the shrine by the lucky delinquents to acquire the $GLOW token).
- Star Fragments by Polypursue are a collection of 102 NFTs allowing the pilots to control their Starships when they are light-years away.
- Nicko Warrior Collection are ten unique and digital collectibles for owners who hold old Nicko collections. Also, by owning any Nicko NFT, you will get WL for the following mint and more rewards and surprises.
Solana NFTs are soon to make their debut on the Rarible marketplace
After the OpenSea marketplace launched Solana NFTs recently, Rarible, the dynamic NFT ecosystem, has also taken the initiative to add them to its platform soon.
Open Sea vs. Rarible
Finding fault in one platform is like choosing one side in the battle of giants. Both OpenSea and Rarible are equally powerful marketplaces connecting NFT creators with their buyers. But both may have some slight differences. So it is up to you to decide which NFT marketplace you wish to browse and buy the Solana NFT collection.
|More than 150 payment options, including cryptocurrency.||It supports mobile interfaces and provides a high royalty cap.|
|10% royalty for the NFT creator each time the NFT sells.||50% royalty for the NFT creator each time the NFTs sell.|
|Offers support for cross-blockchain and several wallets.||Provides support for four blockchains, including Solana, and more than five digital|
|No upfront fees for NFT listing.||Upfront minting fees for listing NFTs before they sell.|
How to list Solana NFT on Solanart?
Connect your Solana wallet with Solanart, then put your NFTs for sale by adding descriptions and entering the price at SOL for which you wish them to list at the marketplace.
What is the average cost of minting NFT on Solana?
The average cost of minting NFTs on Solana is 0.00001 SOL or $0.015 as of October 2021.
What is the best Solana NFT marketplace?
Solana NFT collection has been recently added to one of the largest marketplaces by volume, OpenSea. It means the NFTs will be available to a large number of NFT creators, buyers, and sellers who will have the advantage of trading NFTs on one of the fastest and cheapest Solana blockchains.
How to buy Solana NFT from a marketplace?
To buy Solana NFT, you would be required to connect your Solana-based wallet, such as Phantom, Sollet, Ledger, or SolFlare, with the NFT marketplace. Solana NFT marketplaces accept all wallets; only SolSea doesn’t support SolFlare.
If you are looking to invest money in non-fungible tokens, the Solana NFT collection is an excellent place to start. Stored on the Solana blockchain, you will find that Solana NFTs have a high transaction speed and consume less energy. Solana also solves the problem of scalability and bottleneck that other blockchains might face while launching a new NFT collection.
Whether you wish to create, buy or sell Solana NFTs, you must set up a SOL wallet. You can launch Solana NFTs on your own or hire the services of an artist and developer. If you wish to sell them on a Solana NFT marketplace, you have several platforms to choose from. Whichever you think is better suits your purpose, you can list your Solana NFTs on that NFT marketplace and benefit from the passive income.