In our newest installment of ‘Blue Chip NFTs 101,’ we’re taking a dive into non-Ethereum chain NFTs; we’ll be operating our method thru most sensible 10 blockchains and their largest NFT initiatives, all whilst nonetheless highlighting primary noteworthy initiatives which might be on Ethereum.
In our first piece within the sequence, we covered the remarkable rise of ‘Moonbirds,’ the newest NFT undertaking that has reputedly skyrocketed to blue chip standing nearly in a single day. Let’s check out
The Basics: Solana’s NFT Standing
Solana has had it’s justifiable share of critics lately – the chain has had classes of intermittent downtime, and it’s ceaselessly criticized as sporting extra centralized qualities relative to related and competing chains. The target of this write-up isn’t to judge the character of the chain, however fairly to hone in on some of the largest NFT initiatives within the ecosystem. We’ll go away a deep dive of Solana’s blockchain construction for every other day, as a result of something leaves little wondering – Solana used to be an early mover in being an Ethereum competitor that introduced an NFT ecosystem with reasonably priced gasoline costs.
At present status, the new trending matter in Solana NFTs is indubitably Ok Bears – a more recent PFP NFT undertaking that has received traction because the Solana ecosystem has grown.
DeGods: Present Status
DeGods have a long way and away the easiest ground worth within the Solana NFT ecosystem, persistently commanding north of 200 SOL whilst mechanically keeping up a most sensible five place in day by day quantity. The 10,000 mint undertaking has a marketplace cap that encompasses just about 20% of the entire Solana NFT marketplace cap, consistent with knowledge from Solana NFT aggregator Hyperspace.
DeGods has a little bit extra of a ‘legacy’ status within the Solana ecosystem, however as with all early mover, it may be tough to take care of the status as challengers emerge. The most important challenger in fresh weeks has indubitably been Ok Bears, that have been the face of Solana on communities like NFT Twitter, and has blown away Solana quantity over the last week with over $40M value of Ok Bears being purchased and offered. DeGods indisputably have a better ceiling, however having not up to 10% of that quantity over the similar time-frame means that Ok Bears might be gunning for the highest spot because the Solana panorama continues to develop.
Solana (SOL) does not have the legacy status in NFTs that Ethereum has, however the blockchain has reputedly secured the #2 spot in relation to NFT communities. | Supply: SOL-USD on TradingView.com
Similar Studying | Tron Is Trading Within It’s Triangle Pattern; What Awaits The Coin Next?
Fresh Buzz: A Main Acquisition
What’s DeGods doing to cement it’s positioning as a Solana ‘blue chip’? It’s more straightforward stated than finished, however the DeGods group just lately made a dash and made some headlines through shelling out kind of $625,000 for a crew acquisition in Ice Dice’s ‘BIG3’ basketball league. The league brings 3×Three half-court basketball with a twist, and has persistently hosted ex-NBA athletes and ex-college stars (a few of that have even returned to the NBA ground after showing for the BIG3, a los angeles Joe Johnson).
DeGods bought 25 NFTs of the BIG3’s ‘Killer 3s’ crew at $25,000 a work, in a choice made through the NFT group’s DAO overdue remaining month. Nearly similarly impactful might be the strikes that observe go well with. Introduced over the weekend used to be a identical transfer from track rich person (and well known crypto fan) Snoop Dogg, who teamed up with PayPal co-founder Ken Howery to buy 25 NFTs of their very own, this crew for the league crew ‘Bivouac.’ This sponsorship style from the BIG3 is particularly distinctive, and the league has spread out it’s personal Possession Style Twitter page, in addition to a devoted whitepaper outlining how the sponsorship style operates. Crypto and blockchain era is operating rampant throughout the BIG3 and DeGods can safely imagine themselves ‘early.’
There’s lots extra at the horizon for DeGods as properly. In a contemporary ‘State of the Union‘ cope with, the crew addressed a local token (and one of the vital feedback of skepticism round it), occasions, and a devoted clip across the good judgment in the back of the DAO buying the BIG3 crew.
Little is sure within the NFT panorama, however DeGods is outwardly well-positioned to be a Solana staple with it’s present engaged group and energetic, competitive way.
Similar Studying | APE Takes A Beating As It Sheds 50% Of It’s Price
Featured symbol from degods.com, Charts from TradingView.com The author of this content material isn't related or affiliated with any of the events discussed on this article. This isn't monetary recommendation. *The author of this content material does no longer personal any of the NFTs discussed on this article, nor do they cling SOL or some other Solana-based NFTs at time of publishing. This content material is produced only for tutorial and informational functions.