The term “non-fungible token” is becoming increasingly prevalent regions process billions of transactions per month. The whole Solana ecosystem is witnessing a significant spike in demand as the gas charge on Ethereum rises.
The Solana NFT ecosystem expands and executes billions of transactions every day. Projects are increasing because of Solana’s specialized marketplace and Solana-based NFT.
Degen Ape Academy
According to Solanalysis, Degen Ape Academy is Solana’s most valuable NFT collection. To date, the blue-chip collection has a market valuation of almost $503 million (at the time of writing). This slick collection display features 10,000 “smoothest brained” apes displaying “degenerate behaviour.” This NFT also offers its owners utility and exclusive access to the “Academy.” Like many other well-known NFTS, Degen Ape is supported by its large community. It has more than 82,000 Twitter followers and over 18,000 Discord members. The collection’s qualities, uniqueness, and impressive 3D artwork have contributed to its popularity among collectors.
The second blue-chip NFT collection is Solana Monkey Business. This cheeky collection is made up of 5000 pixelated monkeys who were produced at random and had a range of traits providing special privileges to holders. This top-tier project hopes to create a large community around Solana. With a market capitalization of $60 million, the current floor price is 59 SOL.
Frakt, unlike the other PFP projects, uses one-of-a-kind, randomly created fractal art NFTs. They are available in five various forms and four separate color palettes. The collection, which also includes Degen Apes and Solana Monkeys, has a total of 10,000 NFTs. Frakt token holders can stake their tokens to get voting rights in the Frakt DAO. Staking can also earn them the $FRKT utility and governance token.
In addition, by playing the game’s many modes, users may win $AURY tokens. These tokens can then be exchanged on exchanges and the Aurory marketplace. In the future, the game will add governance features to the token. While it hasn’t had the same success as Axie Infinity in space, it has accomplished numerous noteworthy feats.
People who missed out on Crypto Punks are now interested in adding a SolPunk to their collection. The community is strong for Punks, and with more maturation, it will see significant price appreciation in the future. The floor price, or average sale price, is presently at 12.6 SOL, and market capitalization is declining after surpassing $50 million. It’s also worth mentioning that SolPunks has no affiliation with Larva Labs.