10 Solana NFT Projects You Need to Know About
Last week, OpenSea – the largest NFT marketplace in the game – announced that it would begin integrating Solana NFT on its platform in April.
For those new to the Solana universe, it is important to note that this blockchain works differently from Ethereum. For one thing, the Solana is fast – really fast. To date, it has been able to process 50,000 transactions per second (TPS) at just a fraction of a paise. This makes it an ideal series for DeFi projects that aim to compete with our existing financial infrastructure (for example, the TradeFi stock market, which is currently sub-40 µSec, or around 400,000 TPS). In contrast, Ethereum 1.0 only processes between 15 and 45 transactions per second, and high gas fees may deter newcomers or those at higher risk from participating in the ecosystem.
So, what does this mean for NFT holders? The new infrastructure leads to a whole new breed of NFTs – those that appeal to hardcore traders and builders with a focus on utility, staking and the metaverse. Now, with a new influx of these types of projects heading to OpenSea, it is starting to look like another scorching hot NFT summer is just around the corner. But this time around, it looks like Solana Projects is uniquely positioned to lead the charge.
Here’s a quick look at some of our favorites.
Solana Monkey Business
Solana Monkey Business Gen 2 is a collection of randomly generated 5,000 pixel monkeys. You can think of them as a combination of Bor Aep Yacht Club and Crypto Punk PFP – but on Solana. Essentially, if you are an SMB holder, you are basically treated as Solana NFT royalties. As a holder, you gain access to MonkeDAO: the first official NFT DAO on Solana. The community provides unparalleled value to its members through meetings and projects, operates its own node on the Solana blockchain, and continuously builds DAO history through its on-chain elections.
Degenerate Ape Academy
Degenerate Ape Academy includes 10,000 apes PFPs that were minted in August 2021. The apes in the collection have seven main physical features: head, body/clothing, fur/skin, background, eyewear and mouth, and contain 137 possible traits. According to the founders, the academy was founded on the principles of “making friendships, eating crayons and full, erratic, malleable, degenerate behavior”. The project made history as Solana’s first million-dollar NFT collection.
God
Over the past month, it was nearly impossible to scroll through Solana NFT Twitter without reading about DeGods. This is mainly because this collection is more than your average PFP project. If you are a holder, you can stake your NFTs for up to 10$DUST per day – a utility token that will soon be integrated with Magic Eden, Solanart, Metaverse projects and play-to-earn games. The maximum supply of $DUST is 33,300,000, and the only way to mine $DUST is through your DeGod or your deadgod, Beauty upgrades that only DeGod holders can obtain by taking these 1/1 pieces over their original NFT (without changing their metadata or original rarity attributes). Plus, if you have a deadgod, you can earn three times the amount of $DUST as a deadgod.
set on crack
The sets on Crack are a testament to the power of art and community. In an oversaturated market of animal PFP projects, the project had a breakout month last March, with floor prices reaching around 30 SOL. This is largely due to the project’s focus on branding and storytelling – who wouldn’t want to be a part of the world of 6,969 cats who are here to hang out, chill and be together on the Solana blockchain?
fearless bull
There’s no shortage of business innovation when it comes to Solana NFTs, and the Fearless Bulls Club is rethinking JPEG usability from the ground up. If you are a holder, your NFT acts as a ticket to an exclusive DAO community that allows holders to profit from the Bullish Growth Fund, which receives 70 percent of Mint’s earnings and marketing efforts. In the process of using them for funding. Build the brand, and fund the project’s business ventures. On top of this, the project plans an IDO (holder stake – pun intended – their bull) and other exciting developments in the future of e-commerce.
Climate
Due to the lack of gas charges, Solana makes it possible to build some pretty visionary projects. Enviro (owned by Moduluc) is one of them and is in the process of creating a photorealistic metaverse that gives Enviro pass holders access. Now, the project is working on MWS – Modulus Web Services – which allows the exchange of cloud-based rendering services. Enviro owners can rent out their digital real estate and their GPUs and earn passive income.
Hawksite
For Ethereum NFT holders, the concept of day trading NFTs is almost plausible – the gas fee encourages owners to act as if there is no tomorrow. However, with Solana’s near-zero transaction fees, it is possible for holders to flip their JPEGs more quickly. This means that Solana NFT owners need tools to help them make the most appropriate trades that they can possibly make. Enter HawkSite. If you own a Debonair Daegan Hawk, you get access to AI-powered trading signals and NFT social signals, NFT staking rewards, rarity-based rewards of $HAWK, and HawkDAO and revenue-sharing.
thugbirdzow
It’s almost impossible to think of Solana OG NFT projects without Thugbirdz immediately coming to mind. This collection of 3,333 pixel birds with rare traits based on color, facial tattoos, type, shades, earrings, hats, cigarettes, and more is now run by Thugdao. Thugbirdz is definitely worth a look, as The DAO plans to roll out some exciting new developments in the coming months. Other than this, Anatoly Yakovenko (founder of Solana) and holder of Wiz Khalifa.
Catalina Whale Mixer
Catalina Whale Mixer is a web3 global entertainment franchise built for “all whales; in life, in business, and in culture. It was created for people who refuse to live within the limits others set for you.” Those who take risks, work hard, work hard and live life to the fullest.” The founders have big aspirations for the project, and have achieved a lot in three short months. They are in talks to develop an animated show based on the world of whales. In addition, characters from the series will be taken from holders of the Catalina Whales Genesis Collection. You can read more about all the upcoming projects here.
mindfolk
Mindfolk is a unique collection of 777 PFPs bound together by beautiful art and intricate lore. Deviating from the norm of collection numbers in excess of thousand has certainly paid off for Mindfolk – at the time this article was written, floor 99 was on SOL. Additionally, holders can gain access to an exclusive community and tokens. Depending on what you have—a carpenter, an untrained woodcutter, a trained woodcutter, or one of the seven veteran veterans—you earn different yields on the project’s utility token, $WOOD. With this token, you can build your own cabin or boat in the Mindfolk universe.
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