Despite Nagging Issues, NFT Mints on Solana Sets A New All-time High Record

Despite Nagging Issues, NFT Mints on Solana Sets A New All-time High Record
фото показано с : zycrypto.com

2022-9-15 00:47

Solana sets a new NFT record as it nets over $2 billion in sales.The Solana yOOTs project also topped NFT charts as it raised $7 million in its seed round. The community dubbed ETH killer may be trailing in Defi projects, but it indeed leads in NFTs. 

After years in Ethereum’s shadow, Solana’s $2 billion Non-Fungible Token (NFT) record is worth celebrating amid a price crash. 

NFTs in the cryptosphere has sparked a new drive among users due to their monetization. With a mass adoption leading to growing sales and higher mint fees, NFTs have contributed to the crypto market cap in many ways.

The Solana blockchain, widely touted to be the ETH killer, has successfully attracted new projects to the network, with NFTs leading the pack. This year, Solana surpassed the $2 billion mark in NFT sales thanks to the Okay Bear projects and other leading projects on the network.

The Solana blockchain has also recorded a new minting record as the yOOts project launched by Dust Labs recorded $7 million in its seed round. Dust is the native governance token of the DeGods NFT collection trading on Solana. 

The yOOt NFT mint was delayed by a “blocker bug”, as explained by the company, with many already losing hope that it will be as successful as planned. Blocker bugs are generally issues detected at the testing phase of a project. Amid nagging issues, the project generated a whopping $7 million, further placing Solana as a go-to blockchain for NFTs. 

The yOOTs project was announced by influencers, including Wayne Rooney and rapper Lil Baby. Selected whitelist accounts had to purchase 375 of the Dust token to participate. The Solana blockchain is also expecting more Nft releases such as “Duck with Attitudes”, “Lion King at Job”, “Royal Kong Club”, etc. 

NFTs making a difference 

With Ethereum still being the most preferred blockchain for DeFi projects, NFTs can spur a new beginning for Solana. The network has endured a tumultuous year plagued by network downtimes, leading investors to question its ability to compete in the space.

Magic Eden, an NFT marketplace on the Solana blockchain, has thrown its hat in the ring to challenge OpenSea’s dominance. The marketplace attained unicorn status after its latest funding round left it with a valuation of $1.6 billion. Magic Eden’s focus on gaming NFTs and absence of usernames and domains could see it catch up with OpenSea.

However, the launch of the Ethereum Merge may be a setback for Solana as projects and developers might prefer a faster and cheaper Ethereum.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

RECORD (RCD) на Currencies.ru

$ 0.0025727 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0025727 - H: $0.0025727
Капитализация $0 Rank 99999
Доступно / Всего 0 RCD

record nft solana non-fungible crash billion shadow

Источник: zycrypto.com

record nft → Результатов: 108


SMUGGLEBOT Unveils Its Unique NFT Project “SMUGGLEVERSE” And A Revolutionary Way To NFT

The arrival of SMUGGLEBOT has the potential to change the virtual marijuana and NFTs game substantially. SMUGGLEVERSE can be described as a whole new reality in which the most popular strains of virtual cannabis are transported or digitally smuggled throughout the Metaverse and where avatars obtain record deals.

2022-6-15 23:30


Фото:

“We Definitely Going to Change in the Game”, Said French Montana About “French Family PFP NFT” New Hype Collection Can Outperform BAYC

After 17-times Billboard Global Top 10 record holder rapper French Montana revealed to NullTx the first details of his new collection of NFT, which has been tentatively dubbed the “French Family NFT”, our team sought new details about the project that could be the new hype in the crypto market.

2022-6-10 03:08


“We’re Definitely Going to Change the Game,” Said French Montana About “French Family PFP NFT.” New Hype Collection Can Outperform BAYC

After 17-times, Billboard Global Top 10 record holder rapper French Montana revealed to NullTX the first details of his new Collection of NFTs, which has been tentatively dubbed the “French Family NFT” our team sought further information on the project that could be the latest hype in the crypto market.

2022-6-1 03:12


OpenSea sets fresh daily trading record

For the last few weeks, reports of the NFT market being dead have permeated our airwaves, but now OpenSea recently set a new daily trading record leaving skeptics in awe NFTs aren’t dead If you’ve been in the NFT space for a while, you’ll most likely have heard reports from “experts” and industry players about […] The post OpenSea sets fresh daily trading record appeared first on NFT News Today.

2022-5-4 14:54


Snoop Dogg is Launching the first NFT Record Label

Rapper Snoop Dogg recently announced that he purchased Death Row Records, the record label that helped kick start his career, founded by Dr. Dre and Suge Knight. Snoop Dogg and Death Row Records: Match made in Heaven On February 15, 2022, Snoop Dogg took to Clubhouse, a popular social media platform, to announce that he […] The post Snoop Dogg is Launching the first NFT Record Label appeared first on NFT News Today.

2022-2-19 09:43


Фото:

Vitalik Buterin, Rick & Morty CEO Share Thoughts On Ways to Improve The Future of NFTs

Non-Fungible Tokens—or NFTs as we mostly called them — have outgrown the hype phase. Now there’s a massive number of creators aiming to break Beeple’s $69 million NFT sale record and an influx of institutions looking to cash in on the new technology that appears to be decentralizing museums at neck break speed. Like Ethereum’s […]

2022-1-28 14:11


дальше еще 59 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cboe to launch first cash-settled Bitcoin index options

Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2. The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs. Mini options and customizable FLEX options will also be available at launch.

Coinbase will delist Wrapped Bitcoin (WBTC) next month

Coinbase will delist WBTC on December 19, 2024, due to unmet listing criteria. WBTC will be moved to limit-only mode, with withdrawals still accessible. Coinbase’s cbBTC, launched in September, has been gaining market share in wrapped Bitcoin.

Thumzup to add Bitcoin payments for gig economy workers

Thumzup will soon pay its gig workers via Bitcoin. The Nasdaq-listed media and marketing firm recently added BTC as a treasury asset. Thumzup, the media marketing company that recently adopted a Bitcoin (BTC) strategy with a $1 million purchase, has announced plans to add crypto payments for gig economy workers.