NFT Marketplace Development On Solana Blockchain
The Flash of NFT Marketplaces
NFTs are now the kingpin of the crypto market, its spark spreads all over the globe and navigates various kinds of users from art, game, investment, etc, towards it. NFT Marketplaces are the one and only platform to create, buy, sell NFTs ;day by day its trade volume and users keep on increasing. Very recently, the nft marketplace trade volume surges to 356 million and stuns the industry. Many top brands like Binance, Wazirx have already started their journey in the NFT space by launching their own Binance NFT Marketplace and Wazirx NFT Marketplace.
Many think tanks spot out NFT Marketplace business as the supreme business idea and haunting for optimal NFT Marketplace Development Services Though many ecosystems like Binance Smart Chain, Ethereum, Polkadot support NFT Marketplace Development, here I am going to tell you why you should go with Solana.
Let’s get started
Solana NFT Marketplace Development
Solana NFT Marketplace Development is the process of developing NFT Marketplace with tight security features on Solana Blockchain Promotes effective to buy, sell, and listing of NFT in all domains includes art, sports, music, gaming, etc, We Bitdeal offers all kinds of services like NFT Exchange Development, Blockchain Development, and Token Development on Solana, With Our Solana NFT Marketplace Script, Any Business Person can kick start their desired Platform instantly on Solana Blockchain.
Solana Ecosystem - An Overview
Solana is the decentralized ecosystem that works primarily on Proof Of Stake Consensus Algorithm with an ultimate motto to tackle scalability issues which is programmed to handle 1000 transactions per second. It is not just limited to NFT Marketplace Development that also supports Dapp Development, Smart contract Development or any other crypto projects, etc.
The Point to note here is that Solano works on Proof of History mechanism which is not a kind of consensus algorithm but improves the overall time spent on transactions.
Solana has its own token, A utility token which possesses a deflationary model .
Read Here a Detailed Guide:
How Does Solana Take Part In NFT Race?
The NFT Wave has made a strong impact in the Cryptocurrency Industry and many big players of the market have launched their own NFT Marketplace and there is no surprise in the intervention of solana in the NFT space.
Degenerate Apes was the first NFT in the Solana Blockchain. Those are the customizable NFTs ranging in various degrees from glasses to sandwiches. The package of 10K apes sold in just 10 minutes for 66 million USD.
Solanart - The First-Ever NFT Marketplace On Solana
Solanart is the first ever NFT Marketplace built on Solana that lets any trader explore, sell, trade NFTs. It's a kind of trust-less decentralized marketplace that promotes creators and collectors to showcase their work with more confidence.
For Artists, they have specially designed a form, where they need to fill in the details regarding their NFT, the platform contacts the respected audience back, if they met the standard of the solanart. When it comes to fees, they have detected a 3% selling fee on every transaction.
How Does Solanart Works ?
- To begin with, one needs to connect with Solana Wallet or can use a browser extension for Solana wallet. It also supports Binance and Coinbase Wallet.
- If a Creator puts a NFT for sale, the data is stored on the "Temporary Account" of the marketplace program.
- When a Collector buys that NFT, the algorithm transfers SOL amount from buyer wallet to seller wallet, then sends NFT to buyer
- It uses two kinds of data on-chain data and off-chain data.where off-chain data stores the selling information while the on-chain data stores the details of NFT
- The platform provides a decentralized platform, At the time of launch, they could not provide decentralized experience and have limited NFT listing.
Top NFT Marketplaces on Solana
Sollectify is the Creator based NFT Marketplace where one can buy, sell, trade art works, game items, etc
Solsea is the kind of Open NFT Marketplace on Solana that supports FTX-pay support, NFT mining, Rarity,etc,
Metaplex is the kind of protocol build on solano blockchain that empowers brands to develop the better relationship with audiences.
How To Create an NFT Marketplace Like Solanart On Solana Blockchain?
Any Budding Entrepreneur can Create a NFT Marketplace Like Solonart on Solana Blockchain, there are actually many ways to start a look like platform.
One can hire developers to build a project like solanart, thus this platform literally allows developers to build projects on it. Yet it takes lots and lots of time and effort and also the developer you hire for this project needs to be available for the future discussions but the most advisable way to start a NFT Marketplace like Solanart is Solanart Clone Script.
Solanart Clone Script
Solanart Clone Script is the NFT Marketplace Script exclusively built to deploy a NFT marketplace on Solona Blockchain. The Platform developed with this script, functions just like the replica of Solanart and holds all the features of Solanart. The Best thing with this script is customization, the buyer of the script, can select things like features, UI/UX, payment gateway, additional APIs,etc,
Solnart Clone script - Specifications
- Script Type: NFT Marketplace Script
- Blockchain Technology: Solana
- Version: Solanart 1.0
- Supported Tokens: Customizable
- Additional APIs: Customizable
Why Choose Solana for NFT Marketplace Development ?
Solana has ingenious design that works in a way that any other blockchains can't. It has the ability to process tens of thousand transactions. Another prominent thing about sorare is its low transaction fee.
Actually the factors like speed and low transaction fee are the heavy trump card for solana that makes this platform unique.
Now, actually at this time, solana at its best, The native token of solana SOL, rises to 200% in the month of August that uplifts SOL to the Top 10 Cryptocurrencies in the coinmarketmap. Thus Solana Catches the eye of many investors and traders at a time so it’s smart to start a business when it's at its peak.
And, All the whole, the intelligent algorithmic design will promote Solana as a long -term project, thus one need not to worry about gaping holes and other lagging factors of Solana.
Benefits of Solana NFT Marketplace Development
- High Transaction Speed
- Low cost
- Long-Term assurance
- Good Investors
Who We Are?
We Bitdeal - NFT Marketplace Development Company
We Bitdeal started our journey as the Cryptocurrency Exchange Development Company and our experience lets us explore the nook and corner of the market. “Rely with the trend” is our epic mantra, by coping up with the crypto trends now, we have started providing all kinds of Crypto Solutions including NFT Marketplace Development Services like
- NFT Art Marketplace Development
- NFT Music Marketplace Development
- NFT Gaming Marketplace Development
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