What is an NFT first of all? A non-Fungible Token is a digital asset that simply proves ownership of digital items such as images, art, video games, or virtual lands. With blockchain technology like Ethereum or Solana, Digital ownership is stored on the decentralized network.
Just like your children, seriously, your NFTs are unique and can’t be replaced. Provable that you are the only owner.
The latest NFT statistics suggest Non-Fungible Tokens may be one of the most exciting trends to ever hit the cryptocurrency landscape. In 2021, NFT sales hit a massive $25 billion, with countless individuals purchasing everything from video clips to cartoon monkeys. That is an unprecedented change in NFT sales volume and 2022 is the time NFT goes nuclear potentially with innovations.
Most of the NFT art and marketplace is part of the Ethereum Network and the major disadvantage of the Ethereum network is a huge gas fee applied on the minting of NFTs. Because of the higher gas fee, there is a rise in the Solana-based NFT marketplace. You’ll pay a quarter of a dollar in transaction fees vs on average $20-$150 per transaction fee on OpenSea.
Super low gas fees and transaction speed will most likely allow Solana to be the preferred blockchain for #NFTs. Every day a lot of NFT projects launch on platforms like Magic Eden as the main marketplace for it. with a roadmap of Metaverse and Play-to-Earn games are launching on Solana Ecosystem.
Benefits of Solana NFT Marketplace include:
- Lower gas fee’s
- Ultra-fast transaction speed
- Growth of Solana ecosystem growing continuously day by day
Here is our curated list of the top Solana NFT marketplaces where you can buy, sell and mint your NFTs.
Best Solana NFT Marketplaces
The Top Solana Marketplace for NFTs is Magic Eden where you can create, sell and buy NFTs. They have a listing fee of 0% rather they take 2% on every transaction. Creators can set their royalties and paid immediately after a sale happens.
Magic Eden Launchpad aims to help creators mint their own collections without any technical capability. Currently, they are accepting only a small number of projects. They are offering quality products and services.
Magic Eden supports almost all Solana Wallets from:
Solanart is NFT Marketplace based on the Solana network that allows anyone to create, sell and buy Solana-based NFTs.
Solanart charges a transaction fee of 3% for every successful NFT sale. Creators can set their own fees.
Solanart supports several wallets including:
- Sollet (Extension)
Solsea is the first Solana NFT marketplace that helps creators to sell, mint, and buy NFT’s.
Solsea’s has a calendar feature, so make sure not to miss the upcoming drops. Top Solsea NFT collections including:
- All.ART Circle
- Meta Waifus
Make sure to check out their First 100.
Solsea supports major Solana Wallets such as:
For every transaction, they charge 3% of successful NFT sales. They won’t charge listing fees.
DigitalEyes users can create, sell and buy Solana’s NFT on their market places.
The top NFT collection of DigitalEyes is Aurory, Degenerate Ape Academy, Frakt, and Galactic Gecko Space Garage.
With the Mint Calendar, you can able to see the upcoming NFT Drops and Launches.
DigitalEyes supported wallets are:
DigitalEyes has a typical services fee of 2.50% of every successful NFT sale. Additionally fees are applied for the buyer of the NFT which is a royalty fee set by the creator.
Metaplex is unique and different and by that I mean it’s like a Shopify for your NFT collection. Instead of listing your NFT on the open marketplace where you have to compete with multiple NFT projects.
Your project gets shown based on the marketplace guideline and rules and this can affect your NFT Brand.
With Metaplex you could able to launch your own branded Storefronts. The Megaplex storefront connects to a powerful on-chain decentralized program that mints and sell NFT’s. You could able to avoid marketplace fees for every successful NFT transaction.
Lots of successful Solana-based NFT project has been launched on Metaplex including Solana Monkey Business.
The next NFT marketplace up on the list is currently allowing users to buy/sell Solana-based NFTs on Alpha art.
Alpha.art doesn’t charge any listing fees. They have a flat 2% seller fee at the time of the sale.
No minting on their marketplace yet.
The supported Solana wallets are:
This Solana NFT Marketplace is for everyone, main goal on 1/1 art and independent creators.
In Exchange.Art marketplace you can find Handpicked art collections sets, illustrations, drawing, photography, painting, algorithmic arts, profile picture, AI arts, 3D arts, and Banner.
Exchange.Art doesn’t charge any listing fee. They have a 2.5% fee for every successful transaction.
Their user portal allows users to easily post and manage collections for their entire brand!
The supported Wallets are:
Artz.ai is the first decentralized NFT Marketplace on Solana. Artz.ai is an open marketplace to discover and collect unique art ( NFT ).
Listing and minting are free in Artz.ai, the user only pays for the blockchain charges. They charge a 2% commission on all purchases on Solana.
Support wallets: Phantom wallet
Do you like to set Auctions? Rarity Filtering? Discord/ Telegram notifications for the marketplace activity? We’ll we got a banger for you here in the #NFT space aka: Solport.
Solport charges a 2% fee for sellers on all successful transactions.
Top Solana projects like Realm Kings, Mutant Monkey Business are listed on Solport.io
Support wallets: Phantom and Solflare
SupaDrop is a dedicated NFT Art Marketplace that is fully focused on Independent creators. They truly care about their community.
Supadrop support a variety of assets ( AR/3D, Video, Audio, HTML, Image )
They charge a low minting fee of 0.01 SOL ($1.6 ) and 0.03 SOL ($4.8).
2.5% Platform fee for the primary and secondary market.
They shill their artist’s work every week.
Milky Way is both a Marketplace and Aggregator where you can find all Solana NFTs in one place. Including their list price and other information from other marketplaces.
They have aggregated more than 2 million Solana NFT on their platform.
They take a 2% transaction fee. They support royalties and that can be set by creators.
LIQNFT is the premier marketplace for fractionalized NFTs. Fractionalize your NFT.
No other marketplace on #Solana is offering this at the moment.
Serum currently charges a 0.22% taker fee.
Support Solana Wallets:
RabbitHole Market is an NFT Marketplace on the Solana blockchain where you can buy or sell verified NFT collectibles.
A flat 1% fee on every successful transaction.
At the moment, Phantom is the only wallet they are supporting.
bots exploit NFT Marketplaces
In the world of cryptocurrency, NFTs are all the rage. However, there is a dark side to the world of NFTs. Recently, NFT bots have been exploiting marketplaces at a rapid pace. These bots buy up large quantities of NFTs sometimes 90% of the total supply! This bot effect also drives up gas wars on networks like $Ethereum. Programmable bots are great at automatically sweep floors of collections or sending out thousands of bids in a collection hoping for a paper hand shake out.
OPENSEA: A LEADING PLATFORM FOR TRADING NON-FUNGIBLE TOKENS (NFTS)
OpenSea is a leading platform for trading non-fungible tokens or NFTs. As the largest NFT marketplace in the world, OpenSea is a major player in the NFT ecosystem, offering a wide range of NFTs for sale and facilitating transactions between buyers and sellers. It’s the Amazon of the non-fungibles.
How to Create a Phantom Wallet
Phantom is a crypto wallet that is used to store, send, receive, stake, and swap tokens on the Solana blockchain. It can also be used for NFTs on Market Places like Magic Eden. With Phantom Wallet, you can transact and interact with decentralized finance (Defi) apps, exchanges, Non-fungible token (NFT) platforms, and games on the Solana blockchain.
For Solana, the Phantom wallet is the best digital wallet for NFT, DEFI, Staking. They also have a mobile app for iOS now. Almost all Solana-based NFT Marketplace supports phantom wallets.
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Co-Founder Xzin, learning web3, visual studios, java, HTML & CSS for NFT Minting development
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