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An NFT on the Solana blockchain sells for $ 2.1 million and sends a “challenge signal” to Ethereum

October 2, 2021 - Around 2 mins mins to read

An NFT from Solana Monkey Business, a collection of 5,000 NFTs minted on the Solana blockchain, has just successfully sold an NFT for 13,027 SOL (~ $ 2.1 million) – making it the most expensive NFT to date Solana base.

Apes and monkeys continue to dominate thriving Solana NFT space

SolMonkey is mentioned as # 1355. It’s the rarest NFT in the collection, complete with a skeleton (only 2.42% SolMonkeys have this feature), an orange jacket (1.06%), and a jeweled tiara (0.02%).

The first Solana-based NFT, which sold for over $ 1 million, took place just three weeks ago and provides further evidence that the Ethereum blockchain is losing absolute dominance over the NFT.

Record high gas fees plagued the Ethereum blockchain since May of this year. This has pushed users into alternative blockchains like Solana, BSC, Cardano or Polkadot / Kusama. According to Solanalysis data, tokens residing on Solana have exceeded a market cap of $ 1 billion with a trading volume of $ 85 million.

An NFT on the Solana blockchain sells for 21

The source: Solar analysis

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

peace

According to The Block

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

An NFT on the Solana blockchain sells for $ 2.1 million and sends a “challenge signal” to Ethereum

An NFT from Solana Monkey Business, a collection of 5,000 NFTs minted on the Solana blockchain, has just successfully sold an NFT for 13,027 SOL (~ $ 2.1 million) – making it the most expensive NFT to date Solana base.

Apes and monkeys continue to dominate thriving Solana NFT space

SolMonkey is mentioned as # 1355. It’s the rarest NFT in the collection, complete with a skeleton (only 2.42% SolMonkeys have this feature), an orange jacket (1.06%), and a jeweled tiara (0.02%).

The first Solana-based NFT, which sold for over $ 1 million, took place just three weeks ago and provides further evidence that the Ethereum blockchain is losing absolute dominance over the NFT.

Record high gas fees plagued the Ethereum blockchain since May of this year. This has pushed users into alternative blockchains like Solana, BSC, Cardano or Polkadot / Kusama. According to Solanalysis data, tokens residing on Solana have exceeded a market cap of $ 1 billion with a trading volume of $ 85 million.

An NFT on the Solana blockchain sells for 21

The source: Solar analysis

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

peace

According to The Block

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

 

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