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The Ultimate Guide to Solana NFT Marketplaces

NFTs are all the rage, and even though many people are already familiar with the popular Ethereum-based NFT marketplaces such as SuperRare, OpenSea and Nifty Gateway, there are many other ones popping up on other blockchains too. You can see a full list of the most popular NFT marketplaces on Ethereum here.

In this article we will focus exclusively on Solana NFT marketplaces. If you have already created NFTs on Ethereum-based marketplaces, you will know that one of the major issues is the high gas fees. This has forced creators to look for alternative solutions. If you’re new to the CryptoArt and NFT world, then check out this article on how to become a successful CryptoArtist.

Solana has been gaining a lot of traction lately, and even though it is still in its very early stages of development, the ecosystem is growing rapidly and more and more people are starting to use it.

So let’s take a look at some of the most popular NFT marketplaces on the Solana blockchain. If you’re looking for information on other alternative NFT marketplaces, read this article.

 

Solanart is currently the leading NFT marketplace on Solana, hosting major NFT projects such as Degen Ape Academy and Sol Punks. The platform is currently in beta which means that you cannot directly mint on it. Instead, creators fill out a Google form which can be obtained via the Discord server, and once the NFTs are listed for sale, they are stored on a ‘Temporary Account’ owned by the marketplace program. When someone buys your NFT, the program transfers the SOL amount from the buyer to the seller, and unlocks the NFT which is then sent to the buyer.

Payment: $SOL

Platform fees: 0.02% listing fee, 3% marketplace fee on every sale, and creator’s fee which artists can decide on

What kind of artists is this platform ideal for?: Everyone

Royalties: Set by creator

 

Digitaleyes.market is an open NFT marketplace on Solana, and so far they have had quite a strong and steady head start since the launch of the platform in September 2021. Anyone can mint their NFT creations on the platform, but the team tries to check as many NFT projects as possible to give them a “verifeyed” badge and delete fake NFTs. Take note that Digitaleyes is still in its alpha launch phase, and sometimes listed NFTs may take longer to reflect.

Payment: $SOL

Platform fees: 2.5% for creator, and buyer pays two additional fees

What kind of artists is this platform ideal for?: Everyone

Royalties: Set by creator at time of minting

 

Solsea is an open NFT marketplace and also the first NFT marketplace that enables creators to choose and embed licenses when they mint NFTs. Unlike Solanart, creators can directly upload their artworks and mint them. Although the website has had some issues with bugs and fake NFTs, they are overall working hard on stepping up their game. The platform supports Phantom, Solflare, and Sollet crypto wallets. There is also a useful FAQ section on how to create an NFT and navigate any issues.

Payment: $SOL, $USDC, $USDT

Platform fees: 3% marketplace fee on every sale, and creator’s fee which artists can decide on

What kind of artists is this platform ideal for?: Everyone

Royalties: Unknown

 

Metaplex is not exactly your traditional NFT marketplace, rather, it is an open-source platform built for creators to launch their own self-hosted and customized storefronts for NFTs. Your Metaplex Storefront connects to a powerful on-chain decentralized program that mints and sells your NFTs, removing the middleman (and their fees).

Payment: $SOL

Platform fees: Unknown

What kind of artists is this platform ideal for?: Everyone

Royalties: Set by creator

FTX cryptocurrency exchange launched its own NFT marketplace for Solana NFTs in October this year. They also plan to roll out support for Ethereum NFTs later on. The platform offers both ‘buy now’ and auction styled sales.

Payment: $SOL, $USD

Platform fees: None for listing NFTs, but 2% exchange fee for seller

What kind of artists is this platform ideal for?: Everyone

Royalties: Set by creator

 

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

1 Comment

  • fred
    Posted 5 days ago 9:34 pm 0Likes

    While solanart did 2.23m by volume magic eden did 3.72m and you can mint directly from the site best platform by far in my humble opinion

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