Following the large success of the Bored Ape Yacht Membership NFT assortment on the Ethereum (CRYPTO: ETH) blockchain, a brand new NFT assortment on the competing Solana blockchain referred to as the Degenerate Ape Academy is rapidly gaining reputation.
What Occurred: The thirteenth rarest Degenerate Ape NFT was bought on Saturday for $1.1 million. The purchaser, London-based blockchain advisory agency Moonrock Capital, made the announcement by way of twitter, paying for the NFT with 5980 of Solana’s SOL tokens. Different Degenerate Apes within the assortment have gross sales costs of as much as $1.7 million, in response to a report from Decrypt.
One other Solana-based NFT assortment referred to as SolPenguins, seems to be similar to the Ethereum-based Pudgy Penguin assortment. Though SolPenguins are way more reasonably priced, with a flooring worth of $281 or 1.6 SOL.
Why It Issues: SOL is now the sixth largest cryptocurrency by market cap, and as expensive Ethereum fuel costs trigger some initiatives to search for various blockchain platforms, Solana might develop into an more and more interesting possibility.
Celebrities have begun to point out their curiosity in Solana NFTs. TV character Steve Harvey modified his Twitter profile photograph to a Solana Monkey Enterprise NFT, which is one other NFT venture on the blockchain, final Thursday.
Photograph: Courtesy of degenape.academy