Irreplaceable symbols like monkeys and baby penguins are moving quickly towards Solana
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Answer Irreplaceable symbols like monkeys and baby penguins are moving quickly towards Solana
NFT collections inspired by images of bored monkeys “Bored Ape Yacht Club” and images of “Pudgy Penguins” are rapidly spreading to Ethereum competitor Solana and are being sold for huge sums of money as well.
London-based blockchain advisory firm Moonrock Capital yesterday bought an NFT built on the Solana blockchain that is similar to what is in the Bored Ape Yacht Club group for $1.1 million.
There are other NFT images on the market with huge amounts of money amounting to $1.7 million.
As we were told, this unofficial NFT kit is inspired by the hugely popular Ethereum-based Bored Ape Yacht Club NFT that sold this week for $24.39 million at Sotheby’s.
Read:Over $2.5 billion stolen in 2022: Has the cryptocurrency market become a hotbed for hackers?
Another set of non-fungible tokens called “Solanapes,” are also available on the Solana blockchain.
As for the NFT images, which are similar to the Ethereum-based “Pudgy Penguins” group, they are called in Solana as “SolPenguins.” With prices much lower than their counterpart on Ethereum.
Currently, most profitable NFT projects, such as avatar artwork, audio clips, video clips, or chatbots, are on Ethereum.
Projects are deployed in Solana to make the most of the low transaction fees of the blockchain.
The Solana blockchain is also very popular.
Tomorrow (9/12), the outcast monkeys will officially evolve into Tweet embed.
After being rejected by the yacht club for not being able to afford the high gas prices on Ethereum, the untouchables had had enough. Solanapes represent a watershed moment in the NFT space. #solana #solana pic.twitter.com/1IgbcncrfR
– Solanapes 🟪 (Solanapes) September 11, 2021
It is worth noting that the digital currency “SOL” was affected by the momentum around the NFT and its price rose to become the sixth largest cryptocurrency in terms of total market capitalization.
Read:Serious mistake… YFI cryptocurrency reaches $77,000 on Binance
But not everyone thinks Solana will continue to be successful in the NFT world.
One trader told Solana that is less mature and would not be the ideal location for NFT in the future.
A user called “Gmoney” tweeted:
There is nothing original about Solana.
I think if Solana wants to be taken seriously in NFT, they should encourage people to create new and innovative projects.
Not copy and paste.
Imagine you’re going to Chinatown to buy a fake Chanel bag and then tweet about it. 😂😂😂
Read:Chainlink project acquires technology from a US university to make “Oracle” more private
– gmoney.eth (@gmoneyNFT) September 12, 2021
To date, the largest and most expensive NFT is based on Ethereum.
But who knows, maybe with time Solana will beat Ethereum in the NFT world.
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