Solanart has many collections within their marketplace with top projects like Degen Apes Academy having the most volume in trading.
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The marketplaces Cover Image / Image Credit: Twitter of NFT scene is dominated by a few marketplaces, such as Solanart and DigitalEyes, with new competitors to the market like SolSea and Magic Eden.Įach marketplace works out partnerships with different collections and listings have been quite “centralised” as they are curated projects that the marketplace approves. This hints to things like a “Academy of Apes”, to create a closed and privileged community of apes, one that will justify their high-ticket entry price.
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This gives the NFT value through governance as holders have the right on how to distribute the treasury.ĭAA sees many notable Solana engineers and influencers such as CEO Anatoly Yakovenko and members of Solana Foundation sporting their Degen Ape profile picture.īlockchain advisory firm Moonrock Capital made the news earlier in September with his purchase of a Degenerate Ape Academy NFT for 5,980 SOL on Saturday, worth $1.1 million at that time.ĭegen Apes’ Roadmap shows they have plans to create a gated community, only accessible to holders of a DAA NFT. Furthermore, 3% of the initial mint will be placed into a treasury wallet, governed by the NFT holders and used to secure and vote on Solana’s future. With its own marketplace, MBS controls the revenue instead of relying on a 3rd party marketplace.
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SMB is a well-established NFT community with notable non-Solana maximalists like TV presenter Steve Harvey or YouTuber-turned-boxer KSI. They have both proven to be strong contenders with communities that have some form of gated exclusivity for owners and actively known to be a great place to network with others. The OGs Cover Image / Image Credit: Twitter of Monkey Business (SMB) and Degen Apes Academy (DAA) performed the best with them being the OG projects on Solana, starting at 2 SOL and 6 SOL respectively at mint and eventually reached a floor of 70sol and 100 sol for the most basic NFT models. Let’s dive into the Solana NFT ecosystem. Thus, a lot of NFT projects chose to launch on Solana instead, with Degen Ape Academy (DAA) and Solana Monkey Business (SMB) being the two strong ones surrounded by countless others. However, due to Solana’s low gas fee and speeds, distribution has been quite fair across most of Solana’s NFT projects. On Ethereum, gas wars occur and very often, only whales control the initial supply of NFTs. Solana’s NFTs have been on a rise, especially with its low gas fees and strong communities formed from the OG NFT projects on Solana.