How to Solana — Chapter 3: Overview of NFTs

Overview

Background

Example: Crypto Punk #3100 is not interchangeable with Crypto Punk #2140

Solana NFTs

After familiarization with Solana-native wallet infrastructure, DEX/AMMs, and simple borrow-lending operations, many Solana users tend to experiment with NFT marketplaces This typically means experimenting with one or more of the following:

  • Buying and/or Selling NFTs on a secondary market
  • Tracking statistics such as NFT trade volume, price floors, average price, etc.
  • Minting personal NFTs (of special life occasions, for example)
  • Social gating

Participating in the NFT ecosystem on Solana

Task 1 — Participating in live mints & auctions

Bonus: NFTs can also be viewed on Solana-native dashboards like Sonar.watch (https://sonar.watch/collectibles) and Step Finance (https://app.step.finance/#/nft).

Solana NFT Ecosystem Data (Source: Solanalysis)

Reference Protocols

Marketplaces:

  1. Digitaleyes- 1st open NFT marketplace for Solana. Offers comprehensive listings and analytics across Solana-native NFT launches.
  2. Solsea- NFT marketplace that enables creators to choose and embed licenses when they mint NFTs.
  3. Magiceden.io — Launchpad & Marketplace for Solana NFTs. Market-leading 0% listing fee, and 2% transaction fee.

Pre-launch & Conceptual Products:

  1. Burnt Finance — Trade unlimited NFTs with lightning fast speeds and the lowest fees on the first unified NFT auction protocol built on Solana.
  2. All-Art Protocol — The All-Art Protocol provides constant liquidity for NFTs by introducing a new type of liquidity pool AMMs, while upgrading the current NFT standard with improved functionalities and embedded license rights call NFT-PRO.
  3. Nina.Market — Through Nina protocol artists press record-coins which can be bought by fans directly from the artist. Owning a record-coin allows fans to stream the associated music from their personal collection. Fans can collect, trade or sell record-coins. (https://docs.nina.market/info/)
  4. Coral Reef — Solana NFT marketplace (https://coralreef.art/#/temp/)
  5. Howl Finance — NFT Collateralized Loan Protocol on Solana https://howlfinance.medium.com/hello-solana-f4689b50277d

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