The rise of NFTs has created a new way to create art while making a name for yourself that is on the rise—collecting NFTs as an asset has become a popular and unique way to generate wealth and join a community that continues to grow. The Ethereum network has been the primary driving force behind the rise of NFTs over the last year, but Solana has been gaining popularity thanks to the rapidly increasing user base.
Solana is an attractive network for many NFT creators for many reasons, and people are starting to make the switch. Solana network has an expansive DeFi infrastructure and offers high speeds, low congestion, and low gas feels. On Ethereum, most users pay a high premium that makes it difficult to start or mint their collection through many of the marketplaces Ethereum has to offer.
Solana Monkey Business NFT Project Quickly Became the Most Successful NFT Collection to Date on the Solana Blockchain Network
One of the most successful NFT collections to hit the Solana marketplace has so far been the Solana Monkey Business NFT. The collection is made up of over 5,000 pixelated randomly generated Monkey created on the Solana Blockchain. The primary goal of the NFT collection is to invade the blockchain and spread their community. There are 99 possible traits the Monkeys are generated from over 6 layers, with the possibility of some monkeys being rarer than others.
The SMB ownership has provided some owner-exclusive advantages, including NFT ownership, a community wallet that is usable by holders, and a future on-chain voting system. Gen2 was minted on August 3, 2021, for 2 SOL, with 6% of every Gen2 trade deducted as royalties, where 2% goes to the community wallet, 2% to the NFT creators, and 2% to the holders of the Gen1 set.
In October, Solana Monkey Business or SolMonkey became one of the most expensive NFTs on the Solana blockchain selling for $2 million or 13,027 SOL. “Skelly King” remains the highest NFT sale on the Solana Blockchain. The Current SMB price for this project sits at a floor price of 322 SOL or $42,169.
Notable Solana art NFT Drops
With Solana Monkey Business currently holding the title for the most successful NFT project on the Solana blockchain network, a few projects are worthy of a follow.
Degenerate Ape Academy – Degenerate Ape Acadamy is a collection of 10,000 degenerate apes on the Solana blockchain. Degenerate Ape Academy has had over 110 million worth of apes traded since they hit the market in August 2021 and is Solana’s first million-dollar collection. The current floor price is sitting at 90 SOL or $11,739.
Frakt – Frakt is a collection of one-of-a-kind fractal art NFTs and is unique to the NFT collection community where avatars are not used. There are five various forms with four separate color palettes and consist of 10,000 NFTs in total.
Aurory – Aurory is a play to earn NFT game set in the virtual world of Antik and Cryptos. Players can collect tradable creatures called NPCs and Nefties and participate in various game modes. Aurory currently sits at a floor price of 36 SOL or $4,680.
NFTs continue to grow in popularity, and the market will continue to evolve and change. Staying up to date can help you keep track of the most popular NFT projects where you can potentially snag your next NFT that may be one of the next million-dollar Solana projects. Check out NFT Hype Drops Upcoming NFT drops regularly to stay informed.