Top 10 Solana NFT Marketplaces
NFT marketplaces give you a platform to buy and sell non-fungible tokens (NFTs). In the beginning, the majority of NFT marketplaces were built on the Ethereum blockchain. However, due to rising transaction fees, people sought a cheaper alternative. This is where the Solana blockchain identified an opportunity to compete with Ethereum. In this article, we will take a look at what Solana is, as well as the top NFT marketplaces built on the Solana blockchain.
Disclaimer: We want to emphasize that this is not financial advice. Cryptocurrencies operate in a volatile market, where values can drastically fluctuate in a blink of an eye. It is imperative to conduct thorough research and seek guidance from a qualified financial advisor before investing.
What is Solana?
Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, Solana is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs. Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees compared to rival blockchains like Ethereum.
What is an NFT Marketplace?
An NFT marketplace is a platform that makes it simple to store and sell NFTs. These tokens are generally available for purchase or auction at a set price. To use an NFT marketplace, you will need a crypto wallet to store and trade your best NFT tokens.
What makes the Solana Blockchain so exciting?
Solana distinguishes itself as a blockchain that boasts exceptional speed, cost efficiency, and user-friendliness on a global scale. As Ethereum continues to lead the market in trading volume, its elevated transaction fees have paved the way for innovative blockchains like Solana to rise. In this landscape, Solana emerges as an enthralling newcomer to the cryptocurrency industry, offering a diverse array of dynamic markets that enable the acquisition, sale, and exchange of Solana-based NFTs.
Top 10 Solana NFT Marketplaces
We have ranked the marketplaces based on transaction volume, wallet support, quality of projects listed on the marketplace, necessary features such as mint calendars and statistics, transaction cost, and enrolling experience for producers, and the community. So let’s get started!
Solsea is the first Solana NFT marketplace, supporting artists in the minting and buying of NFTs. Solsea has furthermore released NFTs with rarity rankings and NFT compatibility with SPL tokens.
You’ll never miss a project’s upcoming releases using Solsea’s calendar function. Base marketplaces, All.ART Circle and Meta Waifus are among the NFTs in Solsea’s collection. Solsea’s First 100 is the first Virtual NFT Art Fair of its kind, featuring early adopters and creators.
Solsea can estimate Rarity Rank for NFT collections because of its built-in NFT minting system with embedded licensing. This NFT market is always up to date with fresh choices and helps with FXT-pay and Moonpay pocket financing.
Solsea asks for 3% transaction fees, and royalties for creators are paid quickly, the same as the other two NFT markets.
2. Magic Eden
Magic Eden is the most well-known Solana NFT marketplace, where you may produce, sell, and buy NFTs. They do not impose a listing fee, however, they do charge a 2 percent transaction fee.
Magic Eden accepts a limited number of projects at this time, and it supports nearly all Solana wallets. Creators, on the other hand, may set their royalties and get paid as soon as a sale is made.
Magic Eden Launchpad’s goods and services are designed to help creators mint their collections without the need for technical knowledge as mentioned above; they are currently accepting a limited number of projects.
Solanart is among the well-known Solana NFT Marketplace where anybody can make, sell, and purchase Solana-based NFTs. Solanart charges a transaction fee of 3% for each successful NFT sale.
The creator, on the other hand, is free to set their own charge. Solanart’s popular NFT collections include Degenerate Ape Academy, Galactic Gecko Space Garage, Solpunks, and Aurora.
Solflare, Phantom, Clover, Sollet, MathWallet, Slope, Ledger, and Sollet are among the wallets supported by Solanart. Solana’s major NFT market is Solanart. This is the central NFT market, allowing anybody to buy and sell Solana NFTs. Solanart is dedicated to selling artists’ creations and providing them with a “trusted market” with which they showcase their work.
Charges on Solanart cost a 3% transaction fee, and the NFT’s creator will eventually choose what the creator’s pricing (royalties) will be – which will be included in the selling price. If you’re looking for a dedicated NFT artwork market on Solana, look no further than Solanart.
Megaplex is among the best Solana NFT Marketplaces. Rather than selling your NFT on the open market, where it will face competition from other NFT projects, your project will be listed in accordance with the marketplace’s guidelines and standards, which may be a significant disadvantage to your business.
Metaplex, on the contrary, lets you create your own Storefronts. Megaplex has a decentralized on-chain application that mints and sells NFTs. With each successful NFT exchange, you might be able to avoid marketplace fees.
The Solana NFT Marketplace is a welcoming environment for everybody, with a focus on unique art and independent creators. However, the Exchange. Art marketplace has handpicked art collection sets, illustrations, drawing, photography, painting, algorithmic arts, profile image, AI arts, 3D arts, and Banner.
On Exchange.Art, there is no fee to list your item. A 2.5 percent fee is applied to every successful transaction. You must pay the Solana Network charge, which is not included in the purchase price.
Artists and creators may effortlessly upload and manage collections for their whole brand using the Exchange Creators Portal, which is a fully integrated platform. Phantom, Solflare, Slope, Torus, Ledger, Blocto, and Sollet are among the wallets that are supported.
Solport is an NFT marketplace built on the Solana blockchain that offers features like rarity filtering, user auctioning, and marketplace activity notification via Discord/ Telegram. On Solport, there are no listing or refund fees. Solport, on the contrary, charges sellers a 2% commission. They also have a list of top Solana projects, such as Monkey Business and Realm Kings Mutant. Solport Marketplace offers the 2 major wallets, the Phantom and Solflare.
DigitalEyes, Solana’s first open NFT marketplace, allows users to create, sell, and purchase Solana’s NFT. DigitalEyes’ top-ranked and best NFTs are Aurory, Galactic Gecko Space Garage, Degenerate Ape Academy, Frakt. On the contrary, the Mint Calendar can show you the upcoming NFT drops and launches.
Furthermore, DigitalEyes imposes a transaction fee of 2.50 percent of each successful NFT transaction, and also the buyer of the NFT is charged two extra fees: a royalty fee specified by the artist and a service cost. DigitalEyes supports the following wallets: Phantom, Sollet, Solflare, Solong, Slope, and MathWallet.
The Verified option on the DigitalEyes marketplace is also available to users. These NFTs, collections, and items with relevant information have to be submitted to Digital Eyes. As a result, the platform recognizes them as genuine digital assets or collections.
Alpha.art is a unique Solana NFT marketplace where users may purchase and trade Solana-based NFTs. There are no fees associated with listing on Alpha.art. They do, however, charge a flat 2% seller fee, which is received at the time of the transaction.
The Alpha.art marketplace does not support minting at the time of writing. Solana wallets like Phantom, Slope, Solflare, Ledger, and Sollet are all supported.
Artz is the first decentralized Solana NFT Marketplace, which is among the best sites for discovering and collecting the unique NFT. Furthermore, each transaction costs 0.00001 SOL or 0.000005 SOL, depending on the kind of transaction.
Artz offers minting and listing at no cost but the user still needs to pay for the blockchain transaction. On all completed transactions on Solana, they charge a 2% fee on all purchases. Currently, Artz supports the Phantom wallet. (A friendly Solana wallet built for DeFi & NFTs)
Moreover, Artz aims at offering a safe environment for its users. This is accomplished by marketplace user verification. Your sensitive data is not displayed; however, you must approve all transactions in order to secure them. They will not be accepted otherwise. This is done by Artz to prevent other users from gaining access to your account.
SupaDrop is a specialized NFT Art Marketplace that focuses completely on small and independent creators that create original and unique digital art, plus the user experience and community. It can, therefore, work with a variety of materials (AR/3D, video, audio, HTML, and picture).
Minting fees are 0.01 SOL ($1.6) and 0.03 SOL ($4.8) respectively. Similarly, they sponsor Artist Drop Part Sessions every week so that artists may promote their work on Supadrop.
LIQNFT is one of the best Solana NFT marketplaces, where you can sell your unique and creative NFTs on Solana’s most accessible and efficient NFT marketplace. In addition, they provide a unique feature where you can sell a portion of your NFT if you wish to.
Currently, LIQNFT is not charging any transaction fees. On the contrary, when an order is matched on Serum, the platform charges a total of 0.22% in taker fees.
Wallets such as Phantom, Solflare, Torus, Ledger, Solong, MathWallet, and Sollet are supported.
Solana is a blockchain platform designed to host decentralized, scalable applications. An NFT marketplace is a platform that makes it simple to store and sell NFTs. Solana takes pride in being one of the world’s fastest, least costly, and most user-friendly blockchains. This is one of the main reasons that Solana is a popular platform for new and exciting NFT marketplaces.