Solana is an open-source, public blockchain that enables smart contracts, non-fungible tokens (NFTs), and a range of decentralized applications (dApps). The SOL currency, which is native to Solana’s blockchain, offers network security as well as a mechanism of transferring value via staking. Anatoly Yakovenko and current Solana board member and Chief Operations Officer Raj Gokal founded Solana in 2017. Yakovenko, who is now the CEO of Solana Lab, has a background in system architecture and wanted to apply his skills to a new blockchain paradigm that would allow for quicker processing rates. Get Solana on eToro to buy the NFT Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Characteristics of Solana NFT marketplace In the beginning, there was only one known blockchain, called Bitcoin, afterwards many others followed. Today, there are many blockchains, and every one of them has a purpose. For example, Ethereum is a blockchain very well known for its smart contracts feature. Ripple blockchain is known for its digital payment network for financial transactions. And Solana is known for smart contracts, and as a much faster and cheaper transaction processor than its competitor Ethereum. Let’s get back to NFTs now. You will notice that the prices of NFTs are mostly in Ethereum or Solana cryptocurrency. That is because most of them are created on Solana or Ethereum blockchains, thus minting price was in ETH or SOL. Solana NFTs are created on the Solana blockchain and everything you do with them, minting or trading will be done in its native cryptocurrency, SOL. This caused the development of appropriate wallets and NFT marketplaces. Not every marketplace supports Solana-based NFTs, and not every crypto wallet supports Solana as a cryptocurrency. There are many NFT marketplaces that support only Solana-based NFTs, but there are also the major ones, like OpenSea, which don’t care about any competition. They support any NFT they want. The good news for the NFT world is that, as of April 2022, OpenSea supports Solana-based NFTs. Get Solana on eToro to buy the NFT Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. What are top 5 Solana based NFTs There are a lot of Solana-based NFTs, and right now we will point your attention to the most successful ones. Solana Monkey Business (SMB) is a pixelated monkey collection of 5000 unique 24×24 pixels pieces. Since its inception, the NFT project has been valued at a little over 107 million dollars, with one Solana monkey #1355 selling for two million dollars in October 2021. Developers and investors are placing a lot of trust in this NFT since it has the ability to expand over the coming few years and maybe become the Solana blockchain’s future board apes or crypto punk. DeGods is a NFTs collection. It consists of 10000 unique pieces. Each piece of art has attributes based on a unique system of rarity. Some attributes can cost up to $1000. The main feature of DeGods ecosystem is that it has the ability to mine DUST Token. Every NFT can mine 10 DUST on its own staking platform. Degenerate Ape Academy is a NFT collection that has 10,000 distinct apes that act as a hub for people to trade digital assets. Users may enroll in the Ape Academy by minting a Degenerate Ape, which provides them with a valuable asset and enables them to take use of their utility. MoonRock Capital, a blockchain advising firm, acquired Degen Ape #7225, the collection’s 13th rarest Ape, for 5980 SOL, or $1,109,170. Pesky Penguins are a pixlr built this Solana based NFT, which is a deflationary collection of 8535 penguins. The NFT burning process has resulted in an increase in the number of available penguins to 8,588. This method is known as “The Snowball,” since it eliminates the cheapest group of penguins from the collection, making them unusable. At the same time, the floor price of NFTs is raised. Because of the NFT’s distinctive visual style and burning process, it is predicted to have a lot of value for investors right now. Aurory is a desktop game where players may earn money by exploring a vast and diverse environment. Travel across the Antic and Cryptos worlds, two distinct locations and biomes where you will meet several NPCs and Nefties. In this thrilling JRPG, these magical creatures, which can be captured or traded, will accompany you through a variety of exciting game modes. Aurora also offers AURY tokens that you can earn in game and by staking. Get Solana on eToro to buy the NFT Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Where to buy NFTs At the moment there are 50 Solana NFT marketplaces where you can mint and trade Solana based NFTs. The popularity of each of them is conditioned by popularity of the NFTs that are traded there. In the next few paragraphs we will show you some of the best NFT marketplace for Solana NFT. Metaplex enables artists and companies to connect with their consumers directly. Only on Solana can you get ultra-fast NFTs with very cheap minting costs. Metaplex is being utilized by independent developers to reimagine how NFTs are minted, traded, and used. Metaplex makes it as simple as constructing a website for artists and creators to set up their own self-hosted NFT stores. Create NFTs using drag-and-drop tools that link to the Solana blockchain directly, assuring inexpensive minting costs and endless possibilities. Metaplex is redistributing power back to artists and producers, with an average minting cost of less than a $1 and no platform charge. With over 200k members, Solanart is one of the most popular marketplaces on the Solana blockchain. Solana was created to alleviate the high gas expenses that NFT traders faced in Ethereum blockchain-based exchanges. On Solanart, there is a little cost for minting and acquiring NFTs. This marketplace has many unique collections such as SolPunks, Degenerate Ape Academy, Aurory, Abstratica, and Thug Birdz. Magic Eden Solsea, a decentralized application (dApp) platform built on top of the SOL network, was introduced in early 2019. Magic Eden, like OpenSea, lets users develop and maintain their own NFTs. These tokens may be used to represent anything from digital art to video games. For both enthusiasts and beginners, Magic Eden is a superb NFT buying and selling platform. NFT LaunchPad is a fresh new NFT marketplace where non-fungible tokens may be created, bought, and sold. It was founded in early 2022 as a result of the developers’ desire to create the greatest, most accessible, and secure platform for NFT aficionados. It’s a multi-blockchain marketplace that now includes Binance Smart Chain and Polygon, with more to follow in the near future. eToro is first and foremost a social investment network that, with one of today’s most innovative approaches, provides traders with the best platform to trade CFDs, currencies, commodities, and indices. The way the trade takes place is appealing and interesting. Currently, the merchant base of this skyrocketing broker exceeds over 20 million people in 160 countries with a growing trend. Get Solana on eToro to buy the NFT Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. How to buy NFT on eToro? If you are looking for a place where to buy NFTs then eToro is the best place. In order to buy NFT, you first need to have its native cryptocurrency. Usually, that is the cryptocurrency of the blockchain the NFT was created like Solana, Ethereum or BNB for Binance Smart Chain. For this specific NFT, you will need to get Solana first. You can keep Solana on a few digital wallets such as Solflare, Torus, Sollet, Phantom or Slope. Now, we will show you a detailed step-by-step guide on how to buy your first Solana-based NFT. Step 1: Buy Solana on eToro If you don’t have an eToro account, first you need to create it, verify it and deposit an amount you wish to buy Solana with. The registration process is very straightforward and you won’t have much trouble there. Now you can buy Solana. After you bought it you need to transfer it to your eToro wallet. You can transfer it by going to your Portfolio, choosing Solana, and clicking Transfer to Wallet. Always buy enough Solana, and be careful around fees. Step 2: Create your digital wallet The first thing you need to do is to get a digital wallet. We motioned that there are a few wallets you can choose from. Whatever wallet you choose the process is the same. Go to its website, create a wallet, set a username and password and secure the recovery code. Step 3: Send Solana to a digital wallet Go to your eToro Wallet and under Solana click Send. Now enter your digital wallet copy the account address and paste it into the field on eToro, and you’re done. Step 4: Connect digital wallet to the best NFT marketplace To buy NFT you will need to connect an external wallet to the NFT marketplace. To do this, you should click on the “Connect” button on the NFT marketplace website and choose the digital wallet you have Solana on. It will automatically offer you to create a profile. Follow those steps, pick your username and password and you’ll be all set. Step 5: Buy NFT Now, you can start searching for the NFT you like. After you found one, click on it and then click Buy Now. Step 6: That’s it. Check your profile and you’ll see the NFT there. Get Solana on eToro to buy the NFT Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. What is the best NFT to buy in 2022? Everybody loves projects with a specific purpose. Such is Lucky Block, a crypto lottery platform. They began their project with the Lucky Block token, and as of March 19th, they launched their first NFT. Their NFT collection is called Lucky Block Platinum Rollers Club NFT and it consists of 10000 pieces. The main quality of every NFT, besides it being a unique work of art, is that it serves as a lifetime ticket for the Lucky Block lottery draw. Now we will show you an in-depth guide on how to buy Lucky Block NFT. Get Lucky Block Platinum Rollers Club Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Step 1 – Switch to Binance Smart Chain on your Metamask wallet The default setting of the Metamask wallet is Ethereum Main Network. You need to change this to Binance Smart Chain. You will do this by clicking on “Wallet” on the top of the screen, the drop-down menu will open, and just check the Binance Smart Chain option. There is a slight chance that the Binance Smart chain is not listed in the options, so you need to go to Settings-Network-Add network and enter the following info: Network Name: Smart Chain New RPC URL: https://bsc-dataseed.binance.org/ ChainID: 56 Symbol: BNB Block Explorer URL: https://bscscan.com Now go back and choose the Binance Smart chain from the Wallet drop-down menu. Step 2: Buy WBNB Lucky Block NFT doesn’t have its own blockchain but is based on Binance Smart Chain. To buy Lucky Block Platinum Rollers Club NFT you first need to get Wrapped BNB or WBNB. You will do this by swapping BNB for WBNB, but be sure to leave some BNB for the gas fees. Every Lucky Block NFT costs $1500, at today’s price you need 3.75 WBNB to buy one NFT. Step 3: Go to the NFT marketplace Just follow this link https://nftlaunchpad.com/. Step 4: Connect the wallet with the marketplace In the upper right corner find the “Connect to Wallet” button and click on it. On the next window just click on Metamask Wallet, check again that you are on the Binance Smart Chain, and click connect. Step 5: Explore NFTs You can explore all the NFTs on the platform. For the Lucky Block Platinum Rollers collection, you can type in Platinum Rollers and it will appear as a collection available for buying. Step 6: Buy Lucky Block Platinum Rollers Club NFT When you choose the Lucky Block NFT, click on it and then click Buy Now. You won’t be able to see the original image of the NFT because there is a chance you get one of the 25 rare NFTs. And if you got the rare one, you will now see the rocket image. After just a few seconds you will be able to see the NFT in your profile Get Lucky Block Platinum Rollers Club Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Conclusion on Solana NFT marketplace Solana blockchain was created as a place where you can take advantage of the smart contract concept, and mint and trade NFTs much more cheaply than on Ethereum. You should know that the average cost per transaction in Solana blockchain is $0.00025, which is cheap. Naturally, Solana drove the development of digital wallets where you can keep its native cryptocurrency SOL, and marketplaces where you can mint and trade with crypto and NFTs. Today there are many successful Solana NFT projects and NFT marketplaces for Solana digital assets. And development is a continuous process. Many other NFT marketplaces, like OpenSea, are interested in supporting Solana NFTs. Who knows what the future holds for Solana.
