The NFT phenomenon has at times reached tints of madness within the Ethereum blockchain and now they jump to Solana . Many NFT projects are beginning to be built within Solana due to the benefits that blockchain can offer.

What is Solana

A new generation open source blockchain that offers high scalability and supports smart contracts. Solana seeks to offer a platform with great stability, highly secure and also highly decentralized. Also, change the consensus mechanism, using the Proof-of-Histoy (PoH) consensus .

This blockchain developed from scratch that uses the hash of the last transaction to generate the hash of the next transaction. What is done in this case is to generate a clear order of the transactions , generating a long chain of transactions. This mechanism eliminates the timestamp, something necessary in Bitcoin , Ethereum, Monero, etc.

Generate an order of transactions , what it does is that the validators have less information to process for each block. This mechanism allows to reduce the confirmation times of the following blocks.

Solana is a very promising next-generation blockchain for its new consensus algorithm. The developers highlight that it has the potential to process up to 50,000 transactions per second. Each block takes about 400-800 milliseconds to generate and the commissions are just 0.000005 SOL .

What is an NFT

Denomination that the non-divisible and, therefore, collectible elements receive, stored in a blockchain. The non – expendable tokens (NFT) stores information of the creator, the characteristics of the token and its owner. This what it does is to prevent the falsification of the unique element.

Today NFTs are extremely popular, generating a multi-billion dollar business. Non-fungible token information is always available and counterfeiting or theft is prevented.

To date, the NFTs were taking over Ethereum , but this blockchain has the problem that it has very high commissions . The arrival of Solana has caused many developers to start creating NFT solutions under this blockchain. The processing is faster and the creation of the NFTs more economical, since the commissions are very low.

There are many NFT stores and games that are developing at high speed on Solana. We must bear in mind that the Solana blockchain has been in operation for a couple of years. This means that there are still few projects developed on this blockchain.

What are NFTs in Solana

Currently there are hardly any NFT projects in Solana and those that exist are either not available or are very green . There are few projects within Solana, since most use Ethereum, yes, they are building a site at full speed.

The criticisms of Solana’s NFTs lie in the fact that large Ethereum projects are being indiscriminately duplicated . There are many who criticize that Solana’s developers (external to the project) are making a copycat (name used for the copy of the NFTs). Note that this is not isolated, since in March Ethereum NFT projects such as CryptoPunks or Euler Beats were replicated in the Binance Smart Chain.

But this is something more or less normal, since some take advantage of the moment to make cash. Some projects are quite interesting and it aims to be different from what is offered in other blockchains.

It should be noted that there are many who ask Solana to promote creativity and originality. Others support the “migration” to Solana, as it allows NFT creators and investors to create and trade them for lower fees than on Ethereum.

Types of NFT projects in Solana

We have highlighted the NFT projects within Solana that we have found most interesting. This article is written in September 2021 and many projects are still quite green. Many may end up disappearing or transform in the future.

Solanart

Non-fungible token market that works on the Solana blockchain. Solanart offers users a simple and convenient NFT buy and sell marketplace. It is designed to be a highly trusted Marketplace for creators and artists who want to use it.

It should be noted that Solanart does not store the NFTs in this same market at any time , but rather generates a “temporary account”. A smart contract is generated with the NFT token of the Solana blockchain and its price. When the user purchases the NFT, the seller receives the tokens and the buyer receives the NFT.

Solania

It is a rather curious NFT project in which planets with unique characteristics are sold. An initial pre-sale of 10,000 unique planets was launched and those that were left would end up being destroyed. Solania has sold all of these collectible starter planets and at the moment, there isn’t much more information.

We are talking about a project that is only a few weeks old and lacks a lot of development. The best thing is to follow him on his Twitter account , to keep up to date with all the information about the project. Note that there are no updates since the end of August on Solania’s Twitter.

FTX

We turn to an exchange that has also added an NFT section, but in this case on the Ethereum and Solana blockchains. Within FTX.us we can find a section that allows us to create and trade with NFT. The cost of creating each NFT has a cost of 10 dollars.

When FTX launched the NFT platform, it faced a major spam attack. Due to this attack, the price of creating NFTs was raised, from just $ 10 to $ 500 per unit.

Solanimals

This project proposes animal husbandry, which would be an adaptation of CryptoKitties . Currently the project website is not available, it is under construction , according to the developers. You can be informed of the progress on the official Twitter.

It appears that they will initially offer two Gen 0 animals to new users so that they can create a Gen 1 animal. These animals will have unique characteristics such as random design, random eyes, and other unique characteristics. Indicate that the breeding process will cost 1 SOL.

After the breeding process, the animals will not be able to breed again until 12 hours later.

Panda fraternity

Collection of panda bears in NFT format that make up “coexist” in a fraternity. Panda Fraternity is based on the adorable panda bears, which are randomly generated according to 151 skins divided into 8 categories. This is one of the most promising projects today.

This project is characterized by an initial issue of 10,000 pandas used to finance the project. 500 of these NFTs were issued in a pre-sale phase and the remaining 9,500 pandas were put up for public sale on September 11. There is no clear roadmap or more information on this project.

Metamarket

Now we are going with a project that is not properly an NFT store or an NFT creation system. In this case we are talking about a decentralized exchange (DEX) based on Solana’s Serum that adds an NFT store . The interesting thing about this project is that it is on GitHub as open source as a base for any developer.

The code can be used as a base to create a DEX within Solana. One of the goals is to create a metaverse or at least serve as the basis for creating a metaverse. The interesting thing is that there is only the source code, everyone can develop their own custom user interface.

NFT Solar

We are going to another project that could be quite interesting in the future, since it is currently in a very early phase of development . The website is already working, but its design is not finished, it seems. Although it is operational, it seems that there is a long way to go before it is fully functional. There are no social links and no information about the project appears, so for now, it is the least attractive of all.

Swanlana

One of the most interesting projects that we can find about the NFT within Solana. We said this because it is a decentralized exchange (DEX) that will have an NFT section and a social network about Solana . It is still under construction as some of the links on the website are down, but it looks promising.

The NFT gallery is not working yet, as it is under development as its roadmap shows. We can see on their website the developments for this year 2021 and what they plan to implement in 2022 has not yet been specified. It should be noted that this DEX with purchase and sale of NFT and its own social network will have its own token, called SWAN, but it is not there yet. available.

Ninja Protocol

So far we have seen markets to create, buy and sell NFT, exchange with NFT or projects that create NFT randomly. Now we are going with Ninja Protocol, a multiplayer role-playing game that will have NFT , something that is becoming more and more common. This game takes us back to the time of the Shoguns and their loyal soldiers the samurai.

The information on this project is scarce, but quite interesting. To our knowledge the game is still under development and items may be released initially to fund the project. Note that it seeks to support the trade of NFT with the Solana blockchain.

Only1

We have seen several implementations of NFT within Solana and now we are going with another quite interesting one. In this case we have the proposal of a social network within the Solana blockchain with NFT. Specifically, from the explanation, it seems to be a kind of hybrid of YouTube and Twitch within Solana. Although it is not explained very well, it is indicated that it seeks to be a space where creators and users connect. This is to correctly compensate the content creators, although the data is limited.

Circlepod

The popularity of podcasts has grown a lot since the COVID-19 pandemic and that is why more and more content of this type is appearing. Circlepod proposes the creation of a next generation podcast platform within Solana adding NFT.

According to the developers, it seeks to connect users with content creators , offers security to creators against illicit use of their content, and adds artificial intelligence . It allows podcast creators to create their own groups, something similar to a meeting point with their followers.

Inside you can create badges for the most loyal fans and offer them other incentives. In addition, the revenue is shared between the content creators and the users who listen to the content . They seek to incentivize users to connect and receive a reward for listening to the content. It would come to be something like a gamification.

Solanamonkeys

It’s another one of those random NFT creation projects that copies other projects within the Ethereum blockchain. 5000 unique Solanamonkeys have been generated , which have been fluttered and stored on the Solana blockchain. One of the peculiarities of Solanamonkeys is that the metadata is stored in Arweave, a decentralized storage system.

Solantasy NFT

Video games with NFT are something that is proliferating a lot and that offers the possibility to users to win a lot of money. In this case Solantasy NFT proposes a game within Solana in which a dark lord and his henchmen who live in the deepest part of the planet, want to go out and conquer the earth . Our mission is simple: we must fight them and prevent this from happening.

Each of the Solantasy characters has their own personality, helmet, breastplate, weapons and a series of accessories. But the most interesting thing is that the description of the character is done through the GPT-3 system , being the great attraction of this game.

Final words about NFTs in Solana

The first thing to keep in mind is that the developments on Solana are still in an early stage. Many of these projects have appeared this summer, so there is still a lot left to make them relevant. Some do have interesting proposals, others seem irrelevant and some do not seem at all, since they are not operational.

We explain in this article what Solana is and how it works

Solana offers NFT creators the ability to create them in a much cheaper way than within the Ethereum blockchain. Many developers are starting to switch to Solana for this reason and also because the developers of this blockchain have created tools that allow smart contracts to be imported easily.

What do you think of the proliferation of NFT projects on Solana’s blockchain?