I’ve spent quite a bit of time lately doing deep research in the Solana NFT space as the blockchain’s rapid growth is hard to ignore. If you haven’t checked out some of the projects on Solana, I think it is well worth your time.
But before we dive in, what is Solana?
Solana is a public blockchain with smart contract functionality similar to Ethereum but offers much cheaper transactions and a cheaper entry point with its native currency SOL, currently priced around $100.
There’s a lot of debate about Solana vs. Ethereum, but it’s pretty clear that Solana has attracted a different market segment because of its cheaper entry point.
NFT mints on the Ethereum blockchain are usually expensive — $400 minimum whereas a Solana mint can be as cheap as $69, which was the original mint price for the blockchain’s leading NFT project, Solana Monkey Business.
The Solana ecosystem is rapidly growing and is too hard to ignore.
Let’s look at some comparisons of NFT sales…