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9 Best Solana NFT Marketplaces

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NFT (Non-Fungible Token) Futuristic Background.

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The rise of non-fungible tokens has been among the most unexpected developments since cryptocurrencies and blockchain technology first emerged. Nowadays, many are creating, buying and selling them across Solana NFT marketplaces and taking advantage of this growing industry.

NFTs can be found on many different blockchains, and Solana is one example. Solana is a relative newcomer compared to the NFT leader Ethereum, which hosts a majority of all NFTs. However, the lower costs and versatility of Solana are rapidly shifting the NFT marketplace landscape in its favor.

NFTs exist on the blockchain, where their owners maintain complete control over them. However, people rely on marketplaces to make buying and selling easier. The marketplaces serve as an intermediary, hosting collections and connecting buyers and sellers.

9 Top Solana NFT Marketplaces

Choosing the top Solana NFT marketplaces comes down to their specific collections; the fees they charge; the tools they have available for creators, buyers and sellers; and the unique communities that they foster. There are plenty of options, and these nine are some of the very best out there today.

1. DigitalEyes

DigitalEyes is a leading open NFT marketplace on the Solana blockchain and the very first such marketplace to have launched. It provides a robust platform for users to develop, buy and sell NFTs on the Solana blockchain. The platform features a wide range of leading and new NFT collections.

Among the top features provided by the platform is the mint calendar, which shows upcoming NFT launches. This lets buyers get in on the ground floor of increasingly competitive launches, where being among the first adopters can lead to lucrative resale profits and exclusive opportunities to buy the rarest NFTs.

Pros:

  • Extensive catalog of collections
  • Wide range of supported wallets
  • Easy-to-use platform

Cons:

  • Unimpressive 2.5% service fee
  • Additional royalty fees

2. Metaplex

Metaplex is an intuitive NFT marketplace that takes an approach different from many others. Users are able to develop their own custom storefronts where they can showcase the NFTs they’re trying to sell, as opposed to the strictly collection-based format used by many other marketplaces.

As far as fees go, Metaplex is among the top Solana marketplaces. Unfortunately, users are only able to access the marketplace with the Phantom wallet. But lack of wallet choice isn’t necessarily an issue for many savvy NFT collectors who use multiple wallets.

Pros:

  • Unique sale options for collectors
  • Many unique Solana NFT collections available
  • Great presentation

Cons:

  • Restrictive wallet options

3. SolSea

SolSea is a Solana NFT marketplace that offers creators unique tools for developing and managing their collections. The platform allows creators to embed licenses in NFTs during minting, allowing for a more straightforward and meaningful integration of artwork licensing.

This marketplace also features a helpful calendar for buyers to track new NFT launches and purchase them when they’re still fresh. Unfortunately, SolSea has an above-average charge of 3% on NFT sales. This cost may be higher than some other options, but SolSea has unique features that may justify that cost for many creators.

Pros:

  • Versatile licensing options
  • Plenty of fresh collections available
  • More control for creators

Cons:

  • Higher-than-average fees
  • Unimpressive presentation

4. Solanart

Solanart is one of the top Solana NFT marketplaces with some of the most sought-after collections, like Degenerate Ape Academy and Aurory. It’s easy to use the platform to find and explore interesting collections that users wouldn’t have known about otherwise.

Solanart also has fantastic wallet support with a wide range available, although it particularly recommends Solflare. This platform also has a higher-than-average fee of 3%, although its offerings are simply good enough to justify that expense.

Pros:

  • Great selection of collections
  • Wide range of wallet options
  • Easy-to-navigate platform

Cons:

  • Higher-than-average fees
  • Potential additional fees from creators

5. Magic Eden

Magic Eden has a substantial market share and is at the forefront of the top Solana NFT marketplaces based on user numbers alone, with more than 10 million unique monthly visitors. It’s a favorite of many users and even maintains its own exclusive collection called Magic Ticket.

The platform has over 7,000 collections, including Okay Bears and Degen Dojo. It also has some of the most reasonable fees at 2% per transaction.

Pros:

  • Low fees
  • Massive selection
  • Intuitive design

Cons:

  • Limited wallet integration
  • Its popularity draws many copycats

6. Artz.ai

Artz.ai is a decentralized Solana NFT marketplace, in contrast to the centralized nature of most others on this list. This decentralization can provide NFT owners with more control and freedom while also providing a viable solution to the potential problem of NFT delisting. 

It also has reasonable fees at just 2%. Furthermore, listing is free, which fosters a thriving marketplace with many available collections. Decentralization is a hot topic across every crypto application, so Artz.ai is drawing plenty of attention.

 Pros:

  • Low fees
  • Decentralized marketplace
  • Control over NFTs at all times

Cons:

  • Limited wallet support
  • No possibility for transaction mediation

7. Exchange.Art

Much like the name suggests, Exchange.Art is a Solana NFT marketplace with a very strong focus on artwork and creators. The platform focuses more on unique works instead of the generated ones that have come to define many other NFT marketplaces.

Its fees are standard at 2.5%, and its robust creators portal gives artists the ability to easily develop their custom artworks into NFT collections. This includes a wide range of management tools and ways to organize collections.

Pros:

  • Many examples of truly unique artwork
  • Fantastic creator support

Cons:

  • Higher quality means reduced quantity of available collections
  • Not particularly impressive support for buyers

8. Alpha.art

Alpha.art is a Solana NFT marketplace with plenty of unique collections available, including the Piggy Sol Gang collection. In fact, this collection even allows users to stake their NFTs to generate profits.

The platform also has decent wallet support and reasonable fees at 2%. Its overall variety might lag behind larger marketplaces, but Alpha.art has plenty of unique charm that warrants taking a look.

Pros:

  • Innovative use of staking in NFTs
  • Some unique collections
  • Reasonable fees

Cons:

9. Solport

Solport is a marketplace with some innovative collections. One example is the Taiyo Infants/Incubators collection, which features NFTs that develop from newborns to infants as time goes on.

The platform has reasonable fees at just 2%, along with decent wallet support. It also has a vibrant community, with Telegram and Discord channels devoted to the platform and its NFT collections.

Pros:

  • Innovative and interactive collections
  • Reasonable fees

Cons:

Final Take

The NFT ecosystem has grown increasingly complex, and the development of new marketplaces encourages competition. With that competition comes innovation and opportunity from increasingly ambitious projects, and NFT buyers should be ready to try out multiple platforms to find the Solana NFT marketplaces that best suit their needs.

Information is accurate as of May 13, 2022.

About the Author

Teddy Garcia is an experienced freelance writer who develops a wide range of content across many industries. He has a B.Sc. in Chemical Engineering and has created blog posts, website copy, use cases, and more for a variety of chemical industry and manufacturing organizations. 

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Tulip Protocol Officially Integrates Chainlink on Solana Mainnet

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Tulip Protocol Officially Integrates Chainlink on Solana Mainnet

Today, Tulip Protocol made the announcement that they have integrated Chainlink Price Feeds in order to better secure their yield aggregating platform that is running on the Solana mainnet. The team had previously stated their intention to integrate Chainlink Price Feeds, and at this point, the connection has been completely put into action. Chainlink is the premier decentralized oracle network in the world, safeguarding tens of billions of dollars in smart contracts. It has diversified its offerings across other blockchains, notably Solana, Fantom, Polygon, BNB Chain, and others.

In a recent blog post, the team behind the Tulip Protocol explained that they had integrated Chainlink to provide users with more confidence that leveraged positions will be liquidated equitably using extremely accurate price data and that the protocol will continue to be completely collateralized at all times.

According to Tomasz Wojewoda, Head of Global Sales at Chainlink Labs:

“We’re pleased that Tulip Protocol has integrated Chainlink Price Feeds on Solana, helping secure its yield aggregation protocol with highly robust, decentralized market data. With the high-throughput performance of Solana and the strong security guarantees of the Chainlink Network, Tulip Protocol is able to empower users with a performant and secure platform.”

Tulip Protocol Seeks To Take Advantage Of Solana

Tulip Protocol brings together lenders who receive a return on their deposits and borrowers who are interested in gaining access to leverage. Users who initiate leverage positions are responsible for maintaining a loan-to-value (LTV) ratio that has been previously established. The Tulip Protocol then uses the asset price data that is provided by Chainlink Price Feeds to verify that this ratio is accurate. If the value of the collateral falls below the threshold that was established by the protocol, then their position will be immediately liquidated to assist in guaranteeing that the lenders will be repaid.

Tulip Protocol intends to capitalize on Solana by giving users the ability to more regularly reinvest their income and grow their assets without having to pay exorbitant amounts of gas expenses. Chainlink oracles can now be natively integrated on Solana, making it possible for Solana-based applications to benefit from enhanced levels of security and transparency. Yesterday, OpenOcean made the announcement that they would be integrating Chainlink Price Feeds in order to help secure the limited order functionality on many chains. These chains include Avalanche, Ethereum, Polygon, Fantom, and BNB Chain.

According to Senx, Co-Founder of Tulip Protocol:

 “We’re excited to be using Chainlink Price Feeds on Solana to help secure our yield aggregation platform. By leveraging the most secure and reliable on-chain data available, we’re able to provide our lenders and borrowers with greater assurances that liquidations are based on accurate price data, and the protocol will maintain a healthy loan-to-value ratio through all market conditions.” 

Allowing Stakers To Benefit From Higher APYs

Natives of the blockchain as well as newcomers to the technology are beginning to understand that decentralization does not necessarily equate to a secure platform. Given that Web3 services are currently disclosing their susceptibilities to attacks from both within and outside the network, further initiatives should be undertaken to improve the safety of user assets. Fortunately, a growing number of blockchain businesses are beginning to add various levels of security to their services in order to solidify the trust of their existing customers and attract additional investors in the near and distant future.

Tulip Protocol is the very first yield aggregation platform to be built on Solana, and it features auto-compounding vault techniques. The dApp was developed to make use of Solana’s blockchain, which has a low cost and high efficiency, hence enabling the vault techniques to compound frequently. Stakeholders are able to reap the benefits of greater APYs as a result, without the need for active management.

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Is your SOL safe? What we know about the Solana hack

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On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the latest updates concerning the recent Solana (SOL) hack.

To kick things off, we broke down the latest news in the markets this week:

Bitcoin realized price bands form key resistance as bulls lose $24K, significant whale activity between $22,000 and $24,800 adds to the complexity of the current spot market setup. Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. When will we finally break out of this price range and make the move towards $30K?

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report, “Greater clarity” around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report. Is the ETH merge finally around the corner and will it bring new all time highs to ETH or has the price already been factored into the current price?

Circle freezes blacklisted Tornado Cash smart contract addresses, Crypto data aggregator Dune Analytics said that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons (SDN) list. Could this mark the end for Tornado Cash or is there a way they can redeem themselves?

Next up is a new segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: Have some funds ready to buy further downturns.

Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. The experts also go over some markets news to bring you up to date on the latest regarding the top two cryptocurrencies.

After Marcel’s market analysis, our resident experts discuss whether your SOL is safe and the latest updates on the Solana hack. We also discuss why the network has been victim to so many hacks and downtimes. What exactly do these exploits mean for the Solana platform and if you should be worried.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Radicle’s RAD and DigiByte’s DGB.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a 1 month free subscription to markets Pro worth $100!

The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those like and subscribe buttons for all our future videos and updates.

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Web3-Based ZepetoX to Build on Solana

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Web3-Based ZepetoX to Build on Solana

Singapore, Singapore , Aug. 09, 2022 (GLOBE NEWSWIRE) — Today, the ZepetoX team (ZTX, ZepetoX.io) announced its foray into the web3 space, sharing its vision to build an open world that empowers creators and communities to build, play and earn.

ZepetoX is the crypto metaverse initiative jointly incubated by ZEPETO – Asia’s largest metaverse platform with over 320 million registered users – alongside leading global blockchain organizations including Jump Crypto.

As the sole blockchain project comprehensively backed by ZEPETO, ZepetoX will have exclusive ties to ZEPETO in terms of IP including technological, design, and content assets as well as bridges to facilitate user onboarding between the two platforms. ZepetoX’s blockchain development efforts will be advised by Jump.

“ZepetoX is our official venture into the blockchain industry. We feel that web3 opportunities should be advanced through a crypto-native approach, which is why we are excited to have Jump as a contributor to developing a new platform that would have exclusive connections to ZEPETO. Overall, we believe that ZepetoX can build the ideal web3 platform to not only bring blockchain to our existing users but also to expand our footprint in the blockchain space through various disruptive initiatives,” said Daewook Kim, CEO of Naver Z – the operating entity of ZEPETO.

“We are excited to support ZepetoX’s efforts aimed at onboarding new audiences into the rapidly growing crypto space. ZEPETO’s expertise and technological know-hows accumulated over the past years from building an immersive social platform will serve as a springboard for ZepetoX,” said Saurabh Sharma, Partner at Jump Crypto.

Building on the Solana network, ZepetoX will offer a web-based 3D open world with varying levels of gamification integrated as well as opportunities for users to monetize via ownership of digital assets and social interaction. Ultimately, ZepetoX aims to empower self-expression through customizable avatars and lands that can be equipped with NFTs from a rich collection of assets created by diverse creators, DAOs, or communities.

“I am thrilled to see IP powerhouses like ZepetoX choosing to build their metaverse on Solana,” said Anatoly Yakovenko, Co-Founder of Solana. “Projects like ZepetoX create new pathways for onboarding millions of users to web3.”

“Our global team brings a depth of crypto native experiences and our goal is to build on the foundation of ZEPETO to spearhead the adoption of blockchain among metaverse users, developers, and creators,” said co-CEO of ZepetoX, Chris Chang.

In the coming months, ZepetoX will launch its first land sale. The lands will be tradable on the ZepetoX marketplace, which will feature a variety of different NFTs as the open world project evolves. Further details on the sale will be available on the ZepetoX website in the coming weeks.

# # #

About ZepetoX: ZepetoX (ZTX) is a web3 company building an immersive content-driven platform for users to create, trade digital assets and enjoy social interaction. Founded in 2022, ZepetoX is the blockchain initiative of ZEPETO, widely regarded as the largest Asia-based metaverse platform boasting over 320 million lifetime users with over 2.5 billion virtual fashion items sold.

Contacts:

Vera: vera@ztx.foundation

News Via KISS PR Crypto Press Release Distribution Media Contact az@kisspr.com

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